City Index Alternatives

The best alternatives to City Index are

1. Forex.com - Global CFD and forex broker
2. CMC Markets - Global CFD broker
3. ETX Capital - Global CFD and forex broker
4. Capital.com - Global CFD broker

Let's see in a bit more detail how the City Index alternatives compare to City Index and each other:

Why are these brokers considered good alternatives to City Index? There are many areas based on which City Index can be compared with others. When we say a given online broker is a good alternative to City Index we mean these brokers are comparable in the following areas:

• The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
• The type of clients they target, i.e. beginners, experienced investors, or day traders.

Not sure which broker to choose? For a tailored recommendation, check out our broker finder tool. Answer 4 simple questions and get a list of the most relevant brokers.

City Index alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

• City Index is recommended for forex and cfd traders looking for low forex fees and great research tools
• Forex.com is recommended for forex traders looking for low fees and great research tools
• CMC Markets is recommended for forex and cfd traders looking for an advanced trading platform with many research tools
• ETX Capital is recommended for forex, spread and cfd traders looking for great funding and withdrawal options and an easy-to-use platform
• Capital.com is recommended for investors and cfd traders looking for a great trading platform and excellent customer service

Important factors of finding City Index alternatives

So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

• open a live account
• check over 100 criteria, with weighting based on readers' preferences
• refresh data regularly

Whether City Index or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. City Index is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost City Index alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At City Index this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at City Index, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given City Index alternative is a must.

Now let's dive into the details of how City Index and its alternatives perform in the most important areas!

Forex.com is a global FX and CFD broker established in 2001. Forex.com is a brand of StoneX Financial Ltd, whose parent company StoneX Group Inc is listed on the NASDAQ Stock Exchange. The company is regulated by several financial authorities, including the top-tier Financial Conduct Authority (FCA) in the UK and the US Commodity Futures Trading Commission (CFTC).

Forex.com is considered safe because it has a long track record, it is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for low fees and great research tools

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80% of retail CFD accounts lose money

Fees

3.8

Forex.com has low fees for forex trades and there is no withdrawal fee. On the other hand, stock CFD fees are high and there is an inactivity fee.

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

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80% of retail CFD accounts lose money

Account opening

4.2

Forex.com's account opening is seamless and fully digital, with a low minimum deposit. On the other hand, account verification takes around 2 business days, which is not the fastest on the market.

If you are interested more in Forex.com minimum deposit, this overview will help you.

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80% of retail CFD accounts lose money

Deposit and withdrawal

4.3

Forex.com provides multiple deposit and withdrawal options, all free of charge. However, withdrawal is not possible with some credit cards.

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80% of retail CFD accounts lose money

Web trading platform

4.3

Forex.com's web trading platform is user-friendly and extremely customizable, with lots of order types. On the negative side, there is no two-step login.

Learn more about Forex.com's web trading platform in the detailed Forex.com review.

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80% of retail CFD accounts lose money

Markets and products

2.4

At Forex.com, you can only trade forex, CFDs and cryptos. Other asset classes, like real stocks or funds, are not available.

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80% of retail CFD accounts lose money

Verdict

Forex.com is a great forex and CFD broker regulated by several financial authorities, such as the UK's FCA and the US CFTC.

On the positive side, it has low forex fees, many tradable currency pairs, and high-quality research tools.

It has some drawbacks though. Popular assets like real stocks or bonds are not available. Stock CFD fees are quite high, and the desktop platform is not easy to use.

Since there is no inactivity fee unless you don't trade for one year, feel free to try Forex.com today.

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80% of retail CFD accounts lose money

CMC Markets is a global CFD and forex broker, founded in 1989. It is regulated by several authorities globally, including the top-tier UK Financial Conduct Authority (FCA). The company is also listed on the London Stock Exchange.

Having a long track record, being listed on a stock exchange and being regulated by top-tier authorities are great signs for CMC Markets' reliability.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for an advanced trading platform with many research tools

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69% of retail CFD accounts lose money

Fees

3.6

CMC Markets has competitive forex and stock index CFD fees, and no fee is charged for deposits and most withdrawals. However, stock CFD fees are high.

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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69% of retail CFD accounts lose money

Account opening

4.2

The account opening process is fully digital and there's no minimum deposit.

If you are interested more in CMC Markets minimum deposit, this overview will help you.

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69% of retail CFD accounts lose money

Deposit and withdrawal

4.8

You can use multiple deposit/withdrawal options and CFD account base currencies. Withdrawals are mostly free, except for same-day or international bank withdrawals.

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69% of retail CFD accounts lose money

Web trading platform

5.0

CMC's 'Next Generation' platform has a clean and modern design, is highly customizable, and boasts an advanced order panel. Two-step authentication is available for login.

Learn more about CMC Markets's web trading platform in the detailed CMC Markets review.

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69% of retail CFD accounts lose money

Markets and products

2.6

CMC Markets offers an exceptionally wide selection of CFDs and forex pairs, but you can't trade other popular asset classes such as real stocks or ETFs (except for Australian clients).

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69% of retail CFD accounts lose money

Verdict

CMC Markets is overseen by top-tier regulators and is one of the best CFD and forex brokers out there.

On the plus side, it has low forex fees, well-developed trading platforms, and terrific research and educational tools.

There are also a few drawbacks, though. Stock CFD fees are high, and the product selection covers only CFDs (forex, indices, commodities, shares, shares baskets, ETFs, rates, and bonds), meaning no real stocks or ETFs available (except for Australian clients).

Feel free to test CMC Markets's first-class trading platform, as it has great features and requires no minimum deposit to open an account.

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69% of retail CFD accounts lose money

ETX Capital is a global CFD and FX broker. Its parent company Monecor (London) Ltd. was established in 1965 and is regulated by the UK's Financial Conduct Authority (FCA). Monecor (Europe) Ltd., the entity that handles EU accounts, is regulated by the Cyprus Securities and Exchange Commission (CySEC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex, spread and cfd traders looking for great funding and withdrawal options and an easy-to-use platform

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73.85% of retail CFD accounts lose money

Fees

3.5

ETX Capital offers commission-free stock CFDs and the non-trading fees are low. On the other hand, FX fees are high.

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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73.85% of retail CFD accounts lose money

Account opening

5.0

ETX Capital's account opening is hassle-free and straightforward. Your account should be ready for trading on the same day.

If you are interested more in ETX Capital minimum deposit, this overview will help you.

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73.85% of retail CFD accounts lose money

Deposit and withdrawal

4.5

Depositing and withdrawing funds are free at ETX Capital. The processes are fast and there are several options for both.

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73.85% of retail CFD accounts lose money

Web trading platform

4.0

ETX Capital has a great web trading platform. It is user-friendly with a great search function and customizability. On the negative side, it lacks a two-step login and a clear fee report.

Learn more about ETX Capital's web trading platform in the detailed ETX Capital review.

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73.85% of retail CFD accounts lose money

Markets and products

2.2

At ETX Capital, you can trade only CFDs, forex and cryptos. Other products like real stocks, ETFs, mutual funds, bonds, options and futures are not available.

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73.85% of retail CFD accounts lose money

Verdict

ETX Capital is regulated by the UK's Financial Conduct Authority (FCA), a top-tier authority.

On the plus side, you can use a lot of free deposit and withdrawal options. We liked the seamless and hassle-free account opening process. There is also a wide range of great-quality educational tools available.

ETX Capital has some drawbacks, though. FX fees are average. Its product range is limited to forex, CFDs and cryptos, and only limited research tools are available.

As the minimum deposit is not very high, there are 5 free withdrawals a month, and no inactivity fee, feel free to give ETX Capital a try.

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73.85% of retail CFD accounts lose money

Capital.com is a global CFD broker founded in 2016. It has offices located in the United Kingdom, Cyprus, Australia, Seychelles and Gibraltar where each is authorized and regulated locally respectively by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the Financial Services Authority of Seychelles (FSA).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.17% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for investors and cfd traders looking for a great trading platform and excellent customer service

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79.17% of retail CFD accounts lose money

Fees

4.4

Forex CFD fees are low and some clients can trade real stocks for free, but stock index CFD fees (spreads plus overnight fees) are high. As a plus, there are no inactivity or withdrawal fees.

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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79.17% of retail CFD accounts lose money

Account opening

5.0

Capital.com has one of the best account opening processes we've ever encountered: it is simple, quick, well-designed and intuitive. We are impressed.

If you are interested more in Capital.com minimum deposit, this overview will help you.

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79.17% of retail CFD accounts lose money

Deposit and withdrawal

4.5

Deposits and withdrawals are free at Capital.com and many options are provided, including Apple Pay or PayPal. However, only four major currencies (USD, GBP, EUR, AUD) and one smaller (PLN) are available.

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79.17% of retail CFD accounts lose money

Web trading platform

3.9

Capital.com has an easy-to-use and well-designed web trading platform, with clear fee reports and a two-step login. However, the platform has limited customizability and lacks price alerts.

Learn more about Capital.com's web trading platform in the detailed Capital.com review.

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79.17% of retail CFD accounts lose money

Markets and products

3.1

Capital.com has an impressive selection of CFD products compared to other CFD brokers. However, it lacks popular asset types like exchange-listed futures and there is only a few real ETFs available.

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79.17% of retail CFD accounts lose money

Verdict

Capital.com is a great CFD broker and has entities regulated by top-tier authorities such as the UK's FCA and ASIC in Australia.

On the plus side, forex CFD fees are low, the account opening is very user-friendly, and customer support is exceptional.

Among drawbacks, stock index CFD fees are high, Capital.com offers only CFDs (equity, index, crypto - the latter not available to UK clients -, commodity, forex) and real stocks as tradable products. Only major currencies are supported as account base currencies and price alerts are not available on the web platform.

As there is no inactivity fee and the account opening is fast, feel free to try Capital.com.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.17% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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79.17% of retail CFD accounts lose money

City Index is a global CFD and FX broker founded in 1983. City Index is the trading brand of StoneX Financial Ltd., whose parent company StoneX Group Inc. is listed on the NASDAQ Stock Exchange. The company is regulated by top-tier financial authorities, such as the UK's Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Monetary Authority of Singapore (MAS). 

City Index is considered safe because it has a long track record, it is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for low forex fees and great research tools

Fees

3.7

City Index has low fees for forex trading and there is no withdrawal fee. On the other hand, stock CFD fees are high and an inactivity fee kicks in after one year.

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stock and $20k for FX

Account opening

5.0

City Index's account opening process is fully digital and there is no minimum deposit. It took one day for us to get the account approved.

Learn more about City Index minimum deposit here.

Deposit and withdrawal

4.3

City Index provides multiple deposit and withdrawal options, all free of charge. However, withdrawal is not possible with some credit cards.

Web trading platform

4.3

City Index's web trading platform is user-friendly and extremely customizable, with lots of order types. On the negative side, there is no two-step login.

Learn more about City Index's web trading platform in the detailed City Index review.

Markets and products

2.4

At City Index, you can only trade CFDs, forex and cryptos. Other popular asset classes, like real stocks or funds, are not available.

Verdict

City Index is a great CFD and forex broker, regulated by top-tier financial authorities such as the UK's FCA.

On the positive side, it has low forex fees, a smooth account opening process and high-quality research tools.

It has some drawbacks though. The product portfolio is limited, stock CFD fees are quite high and the desktop platform lags behind its competitors.

As there is no required minimum balance, no withdrawal fee, and an inactivity fee only kicks in after one year, feel free to try City Index.

Below you can find links to all aspects of City Index in this comprehensive collection.

Based on our analysis, there are several good alternatives to City Index. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.