The best alternatives to City Index are
- CMC Markets - Global CFD and forex broker
- ETX Capital - Global CFD and forex broker
- ATFX - Global CFD and forex broker
- Capital.com - Global CFD and forex broker
Let's see in a bit more detail how the City Index alternatives compare to City Index and each other:
| City Index | CMC Markets | ETX Capital | ATFX | Capital.com | |
|---|---|---|---|---|---|
| Overall score | 4.6 | 4.6 | 4.4 | 4.4 | 4.8 |
| Fees score | 3.9 stars | 3.7 stars | 3.4 stars | 4.2 stars | 4.3 stars |
| Account opening score | 5.0 stars | 4.1 stars | 5.0 stars | 5.0 stars | 5.0 stars |
| Deposit and withdrawal score | 4.3 stars | 4.8 stars | 4.5 stars | 4.5 stars | 4.5 stars |
| Web platform score | 4.3 stars | 5.0 stars | 4.0 stars | 2.8 stars | 3.9 stars |
| Markets and products score | 2.0 stars | 2.2 stars | 1.9 stars | 1.5 stars | 3.0 stars |
|
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66% of retail CFD accounts lose money |
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73.18% of retail CFD accounts lose money |
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70.69% of retail CFD accounts lose money |
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78.77% of retail CFD accounts lose money |
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.
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
- 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
- ATFX is recommended for forex and cfd traders familiar with the metatrader 4 trading platform
- Capital.com is recommended for forex and cfd traders looking for great trading platform and customer service
Important factors of finding City Index alternatives
So far BrokerChooser has reviewed 94 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!
City Index alternatives
CMC Markets
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.
CMC Markets is considered safe because it has a long track record, is listed on a stock exchange, and is overseen by top-tier regulators.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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
| Pros | Cons |
|---|---|
| • Low forex fees | • High stock CFD fees |
| • Great web and mobile platforms | • Limited product portfolio |
| • Advanced research and educational tools | • Complicated account verification |
Fees
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.
| Pros | Cons |
|---|---|
| • Low forex fees | • High stock CFD fees |
| • No withdrawal fee |
| CMC Markets | City Index | |
|---|---|---|
| Apple benchmark fee | $21.5 | $21.3 |
| Vodafone benchmark fee | $27.0 | $29.6 |
| EURUSD benchmark fee | $7.9 | $6.4 |
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
Account opening
The account opening process is fully digital and there's no minimum deposit, but confusion about what documents to upload for identification can prolong the verification process.
| Pros | Cons |
|---|---|
| • Fully digital | • Complicated account verification |
| • No minimum deposit |
| CMC Markets | City Index | |
|---|---|---|
| Minimum deposit | $0 | $100 |
| Time to open account | 1-3 days | 1 day |
If you are interested more in CMC Markets minimum deposit, this overview will help you.
Deposit and withdrawal
You can use multiple deposit/withdrawal options and CFD account base currencies. Withdrawals are mostly free, except for same-day or international bank withdrawals.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • £15 fee for international bank transfers |
| • No deposit fee | |
| • Several account base currencies |
| CMC Markets | City Index | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
CMC's 'Next Generation' platform has a clean and modern design, is highly customizable, and boasts an advanced order panel. On the other hand, it lacks two-step authentication.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | |
| • Modern design |
| CMC Markets | City Index | |
|---|---|---|
| Web platform score | 5.0 stars | 4.3 stars |
| Mobile platform score | 5.0 stars | 4.3 stars |
| Desktop platform score | 3.4 stars | 3.0 stars |
Learn more about CMC Markets's web trading platform in the detailed CMC Markets review.
Markets and products
CMC Markets's product selection covers only CFDs, forex and crypto. You can't trade other popular asset classes such as real stocks, bonds, mutual funds, options or futures.
| CMC Markets | City Index | |
|---|---|---|
| Stocks | No | No |
| ETFs | No | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | No | No |
| Futures | No | No |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
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 useful research and educational tools.
There are also a few drawbacks, though. Stock CFD fees are high, and the account verification process is not always seamless. Also, its product selection covers only CFD and forex asset classes, meaning no real stocks, bonds or mutual funds.
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.
| CMC Markets | |
|---|---|
| Summary | CMC Markets is a UK-based global CFD and forex broker, regulated by multiple top-tier authorities including the UK FCA. |
| Fees score | 3.7 stars |
| Recommended for | Forex and CFD traders looking for an advanced trading platform with many research tools |
City Index alternatives
ETX Capital
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. 73.18% 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
| Pros | Cons |
|---|---|
| • Multiple, free deposit and withdrawal options | • Average FX fees |
| • Easy and fast account opening | • Only CFDs, forex and crypto available |
| • Great educational tools | • Basic research tools |
Fees
ETX Capital offers commission-free stock CFDs and the non-trading fees are low. On the other hand, FX fees are average.
| Pros | Cons |
|---|---|
| • Low non-trading fees | • Average FX fees |
| • Commission-free stock CFDs |
| ETX Capital | City Index | |
|---|---|---|
| Apple benchmark fee | $6.8 | $21.3 |
| Vodafone benchmark fee | $3.3 | $29.6 |
| EURUSD benchmark fee | $10.7 | $6.4 |
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
Account opening
ETX Capital's account opening is hassle-free and straightforward. Your account should be ready for trading on the same day.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| ETX Capital | City Index | |
|---|---|---|
| Minimum deposit | $100 | $100 |
| Time to open account | 1 day | 1 day |
If you are interested more in ETX Capital minimum deposit, this overview will help you.
Deposit and withdrawal
Depositing and withdrawing funds are free at ETX Capital. The processes are fast and there are several options for both.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Only 3 account base currencies available |
| • Free withdrawal | |
| • No deposit fee |
| ETX Capital | City Index | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
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.
| Pros | Cons |
|---|---|
| • User-friendly | • No clear fee report available |
| • Good search function | • No two-step (safer) login |
| • Good customizability (for charts, workspace) |
| ETX Capital | City Index | |
|---|---|---|
| Web platform score | 4.0 stars | 4.3 stars |
| Mobile platform score | 4.5 stars | 4.3 stars |
| Desktop platform score | 3.4 stars | 3.0 stars |
Learn more about ETX Capital's web trading platform in the detailed ETX Capital review.
Markets and products
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.
| ETX Capital | City Index | |
|---|---|---|
| Stocks | No | No |
| ETFs | No | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | No | No |
| Futures | No | No |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
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.
| ETX Capital | |
|---|---|
| Summary | ETX Capital is a global forex and CFD broker regulated by the UK's FCA. Its parent company, Monecor (London) Ltd is listed on the London Stock Exchange. |
| Fees score | 3.4 stars |
| Recommended for | Forex, spread and CFD traders looking for great funding and withdrawal options and an easy-to-use platform |
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City Index alternatives
ATFX
ATFX has taken the decision to cease providing services to elective professional and retail clients with immediate effect. It is therefore unable to accept any applications. Services to per se professional clients (e.g. financial institutions) will not be impacted. As you cannot open an account at ATFX anymore try our broker finder tool to discover the broker most suitable to your needs or check the lists of the best CFD or forex brokers in 2021.
ATFX is the brand used by branches of global financial group AT Group that provide CFD/forex trading services. ATFX has four legal entities, each with different regulations and services. In this review, we tested the services of AT Global Markets (UK) Limited, which is regulated by the top-tier UK Financial Conduct Authority (FCA).
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.69% 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 familiar with the metatrader 4 trading platform
| Pros | Cons |
|---|---|
| • Low forex fees | • Limited product portfolio |
| • Fast and easy account opening | • Slow email support |
| • Free deposit and withdrawal options | • No fundamental data |
Fees
ATFX has low forex fees, as well as no inactivity and withdrawal fees.
| Pros | Cons |
|---|---|
| • Low forex fees | None |
| • No withdrawal fee | |
| • No inactivity fee |
| ATFX | City Index | |
|---|---|---|
| Apple benchmark fee | $7.7 | $21.3 |
| Vodafone benchmark fee | - | $29.6 |
| EURUSD benchmark fee | $7.3 | $6.4 |
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
Account opening
ATFX has a user-friendly and fully digital account opening process, usually taking no more than a day. On the flip side, the minimum deposit is high for non-Standard accounts.
| Pros | Cons |
|---|---|
| • Fast | • High minimum deposit for accounts other than 'Standard' |
| • Fully digital | |
| • User-friendly |
| ATFX | City Index | |
|---|---|---|
| Minimum deposit | $500 | $100 |
| Time to open account | 1 day | 1 day |
If you are interested more in ATFX minimum deposit, this overview will help you.
Deposit and withdrawal
ATFX offers free and fast deposit and withdrawal. Options for funding your account include bank transfer, credit/debit cards, and electronic wallets.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • A limited number of available base currencies |
| • Free withdrawal | |
| • No deposit fee |
| ATFX | City Index | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
The ATFX web trading platform is provided by MetaTrader. It is highly customizable and has a clear fee report, but it lacks a two-step login and price alerts, and the design is outdated.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | • No price alerts |
| • Order confirmation | • Poor design |
| ATFX | City Index | |
|---|---|---|
| Web platform score | 2.8 stars | 4.3 stars |
| Mobile platform score | 3.8 stars | 4.3 stars |
| Desktop platform score | 3.4 stars | 3.0 stars |
Learn more about ATFX's web trading platform in the detailed ATFX review.
Markets and products
ATFX provides only forex, CFDs and cryptos. It lacks other popular asset classes such as real stocks, mutual funds or bonds.
| ATFX | City Index | |
|---|---|---|
| Stocks | No | No |
| ETFs | No | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | No | No |
| Futures | No | No |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
ATFX is regulated by several financial authorities globally, including the top-tier FCA.
On the plus side, ATFX has low forex fees. The account opening process is easy, and multiple options are offered for deposit and withdrawal, all free of charge.
ATFX has some drawbacks, though. The product range is limited to FX, CFDs, and cryptos. Email support can be slow, and fundamental data research is missing.
As trading fees are low and you can use a demo account, feel free to try ATFX.
| ATFX | |
|---|---|
| Summary | ATFX is the forex/CFD brokerage arm of global financial group AT Group. It is regulated by several financial authorities globally, such as the UK FCA or CySEC of Cyprus. |
| Fees score | 4.2 stars |
| Recommended for | Forex and CFD traders familiar with the MetaTrader 4 trading platform |
City Index alternatives
Capital.com
Capital.com is a global CFD and forex broker that was founded in 2016. It is regulated by the UK's Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the National Bank of the Republic of Belarus (NBRB).
Capital.com is considered safe because it is regulated by the top-tier FCA.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.77% of retail investor accounts lose money when trading CFDs with this provider. Make sure 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 great trading platform and customer service
| Pros | Cons |
|---|---|
| • Low forex and stock CFD fees | • Only CFD and real stock available |
| • Great account opening experience | • No price alerts on web platform |
| • Excellent customer support | • Smaller account currencies not available |
Fees
Capital.com has low forex and CFD fees. It's great that commission-free real stocks are available for clients under FCA and CySEC. Non-trading fees are low, too, there are no inactivity or withdrawal fees. On the other hand, stock index CFD fees aren't competitive.
| Pros | Cons |
|---|---|
| • Low forex and stock CFD fees | • Average stock index CFD fees |
| • Commission-free real stocks (but there are tight spreads) | |
| • No withdrawal or inactivity fee |
| Capital.com | City Index | |
|---|---|---|
| Apple benchmark fee | $3.1 | $21.3 |
| Vodafone benchmark fee | $2.8 | $29.6 |
| EURUSD benchmark fee | $6.4 | $6.4 |
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
Account opening
Capital.com has one of the best account opening processes we've ever seen: it is simple, quick, well-designed and intuitive. We are impressed.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| Capital.com | City Index | |
|---|---|---|
| Minimum deposit | $20 | $100 |
| Time to open account | 1 day | 1 day |
If you are interested more in Capital.com minimum deposit, this overview will help you.
Deposit and withdrawal
Deposits and withdrawals are free at Capital.com and many options are provided, including Apple Pay. However, only four major currencies (USD, GBP, EUR, AUD) and one smaller (PLN) are available.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Smaller currencies not available |
| • Free withdrawal | |
| • No deposit fee |
| Capital.com | City Index | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
Capital.com has an easy-to-use and well-designed web trading platform, with clear fee reports and a two-step login. However, it has limited customizability and lacks price alerts.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited customizability (for charts, workspace) |
| • Clear fee report | • No price alerts |
| • Two-step (safer) login |
| Capital.com | City Index | |
|---|---|---|
| Web platform score | 3.9 stars | 4.3 stars |
| Mobile platform score | 4.9 stars | 4.3 stars |
| Desktop platform score | 3.4 stars | 3.0 stars |
Learn more about Capital.com's web trading platform in the detailed Capital.com review.
Markets and products
Capital.com has an impressive selection of CFD, forex and crypto products compared to other CFD brokers. However, it lacks popular asset types like real ETFs, funds, or futures.
| Capital.com | City Index | |
|---|---|---|
| Stocks | Yes | No |
| ETFs | No | No |
| Forex | Yes | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | No | No |
| Futures | No | No |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
Capital.com is a great CFD and forex broker, regulated by the FCA, a top-tier authority.
On the plus side, the stock CFD and forex fees are low, the account opening is very user-friendly, and customer support is exceptional.
On the other hand, Capital.com offers only CFDs (equity, index, crypto, commodity, forex) and real stock asset classes. Minor account base currencies and price alerts are missing from the web platform.
As there is no inactivity fee and the account opening is fast, feel free to try Capital.com.
| Capital.com | |
|---|---|
| Summary | Capital.com is a global CFD and forex broker. It is regulated by the FCA, CySEC, and NBRB. |
| Fees score | 4.3 stars |
| Recommended for | Forex and CFD traders looking for great trading platform and customer service |
City Index alternatives
City Index
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. 70% 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
| Pros | Cons |
|---|---|
| • Low fees for forex | • Limited product portfolio |
| • Fast and smooth account opening | • High stock CFD fees |
| • Diverse research tools | • Non-user-friendly desktop platform |
Fees
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.
| Pros | Cons |
|---|---|
| • Low forex fees | • Inactivity fee |
| • No withdrawal fee | • High stock CFD fees |
| City Index | CMC Markets | ETX Capital | ATFX | Capital.com | |
|---|---|---|---|---|---|
| S&P 500 index CFD fee | $1.2 | $1.5 | $3.1 | $2.0 | $3.2 |
| Europe 50 index CFD fee | $1.8 | $1.9 | $2.9 | $1.7 | $3.0 |
| EURUSD benchmark fee | $6.4 | $7.9 | $10.7 | $7.3 | $6.4 |
| GBPUSD benchmark fee | $4.6 | $5.7 | $9.1 | $4.8 | $4.1 |
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
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.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| City Index | CMC Markets | ETX Capital | ATFX | Capital.com | |
|---|---|---|---|---|---|
| Minimum deposit | $100 | $0 | $100 | $500 | $20 |
| Time to open account | 1 day | 1-3 days | 1 day | 1 day | 1 day |
Learn more about City Index minimum deposit here.
Deposit and withdrawal
City Index provides multiple deposit and withdrawal options, all free of charge. However, withdrawal is not possible with some credit cards.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Problem with credit card withdrawal |
| • Free withdrawal | |
| • No deposit fee |
| City Index | CMC Markets | ETX Capital | ATFX | Capital.com | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
Web trading platform
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.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | |
| • Good variety of order types |
| City Index | CMC Markets | ETX Capital | ATFX | Capital.com | |
|---|---|---|---|---|---|
| Web platform score | 4.3 stars | 5.0 stars | 4.0 stars | 2.8 stars | 3.9 stars |
| Mobile platform score | 4.3 stars | 5.0 stars | 4.5 stars | 3.8 stars | 4.9 stars |
| Desktop platform score | 3.0 stars | 3.4 stars | 3.4 stars | 3.4 stars | 3.4 stars |
Learn more about City Index's web trading platform in the detailed City Index review.
Markets and products
At City Index, you can only trade CFDs, forex and cryptos. Other popular asset classes, like real stocks or funds, are not available.
| City Index | CMC Markets | ETX Capital | ATFX | Capital.com | |
|---|---|---|---|---|---|
| Stocks | No | No | No | No | Yes |
| ETFs | No | No | No | No | No |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Funds | No | No | No | No | No |
| Bonds | No | No | No | No | No |
| Options | No | No | No | No | No |
| Futures | No | No | No | No | No |
| CFDs | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes | Yes |
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.
| City Index | |
|---|---|
| Summary | City Index is a global CFD broker, regulated by many financial authorities including the top-tier UK FCA. Its parent company, StoneX Group Inc. is listed on the NASDAQ Stock Exchange. |
| Fees score | 3.9 stars |
| Recommended for | Forex and CFD traders looking for low forex fees and great research tools |
City Index alternatives
Bottom line
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.
| Broker | Info | Recommended for |
|---|---|---|
| City Index | Global CFD and forex broker | Forex and CFD traders looking for low forex fees and great research tools |
| CMC Markets | Global CFD and forex broker | Forex and CFD traders looking for an advanced trading platform with many research tools |
| ETX Capital | Global CFD and forex broker | Forex, spread and CFD traders looking for great funding and withdrawal options and an easy-to-use platform |
| ATFX | Global CFD and forex broker | Forex and CFD traders familiar with the MetaTrader 4 trading platform |
| Capital.com | Global CFD and forex broker | Forex and CFD traders looking for great trading platform and customer service |
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