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75% of retail CFD accounts lose money
Our top picks for eToro alternatives
Plus500
4.4
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76.4% of retail CFD accounts lose money
MarketsX
3.9
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81.3% of retail CFD accounts lose money
eToro Alternatives

The best alternatives to eToro are

  1. Plus500 - Global CFD and forex broker
  2. MarketsX - Global CFD and forex broker
  3. XTB - Global CFD and forex broker
  4. City Index - Global CFD and forex broker

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

eToro alternatives comparison
eToro Plus500 MarketsX XTB City Index
Overall score 4.6 4.4 3.9 4.6 4.6
Fees score 4.0 4.0 2.0 4.0 4.0
Account opening score 5.0 5.0 5.0 5.0 5.0
Deposit and withdrawal score 3.0 5.0 5.0 5.0 4.0
Web platform score 4.0 4.0 3.0 4.0 4.0
Markets and products score 4.0 2.0 2.0 3.0 2.0
Visit broker
75% of retail CFD accounts lose money
Visit broker
76.4% of retail CFD accounts lose money
Visit broker
81.3% of retail CFD accounts lose money
Visit broker
75% of retail CFD accounts lose money
Visit broker
72% of retail CFD accounts lose money

Why are these brokers considered good alternatives to eToro? There are many areas based on which eToro can be compared with others. When we say a given online broker is a good alternative to eToro 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.

eToro 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:

  • eToro is recommended for traders interested in social trading (ie. copying other investors’ trades)
  • Plus500 is recommended for experienced traders looking for an easy-to-use platform and a great user experience
  • MarketsX is recommended for traders looking to venture into cfd trading
  • XTB is recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service
  • City Index is recommended for cfd and forex traders looking for low forex fees and great research tools

Important factors of finding eToro alternatives

So far Brokerchooser has reviewed 57 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 eToro 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. eToro is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost eToro 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 eToro 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 eToro, 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 eToro alternative is a must.


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

eToro alternatives
eToro

eToro is a well-known Israeli fintech startup, a social trading broker established in 2007.

eToro serves UK clients through an entity regulated by the Financial Conduct Authority (FCA), Australians through an Australian Securities and Investment Commission (ASIC) regulated entity. All other customers are served by a Cypriot entity that is regulated by the Cyprus Securities and Exchange Commission (CySEC).

eToro is not listed on any stock exchange, does not disclose its annual report on its site and does not have a bank parent.

eToro is considered safe because its UK and Australian arms are regulated by top-tier financial authorities and it is a well-known fintech startup.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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 traders interested in social trading (ie. copying other investors’ trades)

Pros Cons
Free stock and ETF trading in the EU High forex fees
Seamless account opening Withdrawing money is slow and expensive
Social trading experience Only one account base currency

Visit broker
75% of retail CFD accounts lose money

Fees
4.0

eToro offers free stock trading in Europe and has low CFD fees. On the negative side, forex trading fees and withdrawal fees are high.
Pros Cons
Free stock and ETF trading in the EU High non-trading fees
Low CFD fees High forex fees
Withdrawal fee
eToro alternatives trading fees
eToro Plus500 MarketsX XTB City Index
S&P 500 index CFD fee $2.4 $2.1 $2.6 $2.0 $2.1
Europe 50 index CFD fee $2.7 $1.3 $2.5 $2.2 $1.6
EURUSD benchmark fee $19.6 $17.9 $24.5 $15.0 $12.8
GBPUSD benchmark fee $16.2 $14.0 $25.0 $11.1 $9.4

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

Visit broker More
75% of retail CFD accounts lose money

Account opening
5.0

Account opening at eToro is seamless and very fast.
Pros Cons
Fast None
Fully digital
Low minimum deposit
eToro alternatives minimum deposit and account open times
eToro Plus500 MarketsX XTB City Index
Minimum deposit $200 $100 $250 $250 $0
Time to open account 1 day 1 day 1 day 1 day 1 day

Learn more about eToro minimum deposit here.

Visit broker More
75% of retail CFD accounts lose money

Deposit and withdrawal
3.0

Depositing money is free and easy, with a lot of available options, including credit cards. However, there is a withdrawal fee and only USD accounts are available.
Pros Cons
Credit/Debit card available High withdrawal fee
No deposit fee Only one account base currency
User-friendly Slow withdrawal - over 3 days
eToro and alternatives withdrawal options and fees
eToro Plus500 MarketsX XTB City Index
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card Yes Yes Yes No Yes
Electronic wallets Yes Yes Yes No Yes
Withdrawal fee $25 $0 $0 $0 $0

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75% of retail CFD accounts lose money

Web trading platform
4.0

eToro offers a user-friendly and well-designed web trading platform. In addition, social trading is also available. On the other hand, the customizability is limited.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
eToro - Web trading platform
eToro and alternatives trading platform scores
eToro Plus500 MarketsX XTB City Index
Web platform score 4.0 4.0 3.0 4.0 4.0
Mobile platform score 5.0 5.0 4.0 4.0 4.0
Desktop platform score - - - 4.0 3.0

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

Visit broker
75% of retail CFD accounts lose money

Markets and products
4.0

At eToro you can trade with CFDs and forex, as well as real stocks, ETFs and many cryptocurrencies. In addition, the broker also offers innovative services like social trading and CopyPortfolio.
eToro and alternatives markets and products
eToro Plus500 MarketsX XTB City Index
Stock Yes No No Yes No
ETF Yes No No Yes No
Forex Yes Yes Yes Yes Yes
Fund No No No No No
Bond No No No No No
Options No No No No No
Futures No No No No No
CFD Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes Yes

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75% of retail CFD accounts lose money

Verdict

eToro has zero-commission stock trading in Europe. Account opening is really fast and seamless. It has also a lot of innovative features, like social trading.

It has some drawbacks, though. Forex fees and non-trading fees are high, and eToro only allows USD accounts

Overall, we would recommend eToro for its social trading feature and cheap stock trading.

Risk disclaimer

eToro is a multi-asset platform that offers both investing in stocks and cryptoassets, as well as trading CFD assets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

Past performance is not an indication of future results.

eToro
Summary eToro is a global social trading broker. It is regulated by top-tier authorities such as the UK FCA or Australia's ASIC.
Fees score 4.0
Recommended for Traders interested in social trading (ie. copying other investors’ trades)

Visit broker More
75% of retail CFD accounts lose money

eToro alternatives
Plus500

Plus500 is a London Stock Exchange-listed global CFD and FX broker that was founded in 2008 in Israel. It is regulated by several international financial authorities, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

Plus500 is considered safe because it is listed on a stock exchange, discloses its financials and is regulated by several top-tier financial authorities.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.4% 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.

Disclaimer for daytraders: At Plus500, scalping is defined as "A trading strategy where a significant portion of the customer's positions are opened and closed by him/her within 2 minutes." If Plus500 believes you were following this strategy, your account might be blocked and closed. Therefore, if you plan to execute trades within 2 minutes, Plus500 is not your broker.

Recommended for experienced traders looking for an easy-to-use platform and a great user experience

Pros Cons
Easy-to-use platform Limited product portfolio, only CFDs & forex
Low trading fees Minimal research tools
Listed on the London Stock Exchange Mid-range educational section

Visit broker
76.4% of retail CFD accounts lose money

Fees
4.0

Plus500 has low trading fees and average non-trading fees. Even if they have an inactivity fee, it is applied only if you are not logging in at all.
Pros Cons
Low trading fees Inactivity fee
No withdrawal fee
eToro vs. Plus500: Trading fees
Plus500 eToro
Apple benchmark fee $8.9 $6.3
Vodafone benchmark fee $7.6 -
EURUSD benchmark fee $17.9 $19.6

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

Visit broker More
76.4% of retail CFD accounts lose money

Account opening
5.0

Plus500 account opening is seamless, fast and fully digital. You can open your trading account within a day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
eToro vs. Plus500: Minimum deposit, time to open an account
Plus500 eToro
Minimum deposit $100 $200
Time to open account 1 day 1 day

If you are interested more in Plus500 minimum deposit, this overview will help you.

Visit broker More
76.4% of retail CFD accounts lose money

Deposit and withdrawal
5.0

Plus500's deposit and withdrawal services are both great. You have many options, the process is simple and usually free of charge.
Pros Cons
Credit/Debit card available None
No deposit fee
Five withdrawals per month free
eToro vs. Plus500: Withdrawal options
Plus500 eToro
Bank Transfer Yes Yes
Credit/Debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $25

Visit broker More
76.4% of retail CFD accounts lose money

Web trading platform
4.0

The Plus500 trading platform is very easy to use and also looks great. On the negative side, it cannot be customized.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Web trading platform of Plus500, a eToro alternative
eToro vs. Plus500: Trading platform scores
Plus500 eToro
Web platform score 4.0 4.0
Mobile platform score 5.0 5.0
Desktop platform score - -

Learn more about Plus500's web trading platform in the detailed Plus500 review.

Visit broker
76.4% of retail CFD accounts lose money

Markets and products
2.0

At Plus500 you can trade only with CFDs and forex. There is a wide selection of CFDs and currency pairs to trade with.
eToro vs. Plus500: Markets and products
Plus500 eToro
Stock No Yes
ETF No Yes
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

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76.4% of retail CFD accounts lose money

Verdict

Plus500 is a good CFD and forex broker. It is recommended for traders who are aware of the risks of CFD trading. The broker is regulated by several financial authorities globally, including the UK's FCA, and is listed on the London Stock Exchange. If you are not from the UK, you will most likely be served by Plus500 Cyprus, thus the Cypriot investor protection will apply.

Attention Daytraders! At Plus500 scalping is defined as "a trading strategy where a significant portion of the customer's positions are opened and closed by him/her within 2 minutes." If Plus500 believes you are scalping, your account may be blocked and closed. Therefore, if you plan to execute many trades within 2 minutes, Plus500 is not your broker.

The Plus500 platform is easy to use, with a great user experience, which even first-time users can navigate with ease. Spreads are competitive, but financing rates are quite high. Some more advanced research tools would be useful. 

As there is no minimum balance required, no withdrawal fee above $100, and the inactivity fee only kicks in after three months, feel free to give Plus500 a try.

Plus500
Summary Plus500 is a global CFD broker, listed on the London Stock Exchange's Main Market and regulated by many authorities including the UK FCA and CySEC of Cyprus.
Fees score 4.0
Recommended for Experienced traders looking for an easy-to-use platform and a great user experience

Visit broker More
76.4% of retail CFD accounts lose money

eToro alternatives
MarketsX

Markets.com has done a rebranding in 2019 and the new brand for trading is MarketsX.

Markets.com was founded in 2010 and it is a global CFD and FX broker. It is regulated by several financial authorities, like the Cypriot CySEC or the UK FCA. 

It is considered safe, because it's regulated by at least one top-tier financial authority.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.3% 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 traders looking to venture into cfd trading

Pros Cons
Free and fast deposit and withdrawal High trading fees
Easy and fast account opening Limited product portfolio
Great tools for learning and research Important features missing on trading platforms

Visit broker
81.3% of retail CFD accounts lose money

Fees
2.0

MarketsX charges no account, deposit or withdrawal fees and the CFD fees are low, too. On the flip side, financing rates and forex fees are high and inactivity fee can kick in as well.
Pros Cons
No withdrawal fee High trading fees
Low CFD fees High forex fees
High financing rate
eToro vs. MarketsX: Trading fees
MarketsX eToro
Apple benchmark fee $6.4 $6.3
Vodafone benchmark fee $6.7 -
EURUSD benchmark fee $24.5 $19.6

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

Visit broker More
81.3% of retail CFD accounts lose money

Account opening
5.0

Account opening at MarketsX is seamless, fast and fully digital. You can open your trading account within a day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
eToro vs. MarketsX: Minimum deposit, time to open an account
MarketsX eToro
Minimum deposit $250 $200
Time to open account 1 day 1 day

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

Visit broker More
81.3% of retail CFD accounts lose money

Deposit and withdrawal
5.0

MarketsX provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
eToro vs. MarketsX: Withdrawal options
MarketsX eToro
Bank Transfer Yes Yes
Credit/Debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $25

Visit broker More
81.3% of retail CFD accounts lose money

Web trading platform
3.0

MarketsX's web trading platform is easy to use, has a clear fee report and good search function. On the other hand, we missed the two-step login, the customizability, and the order confirmation.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report Limited customizability (for charts, workspace)
Good search function No order confirmation
Web trading platform of MarketsX, a eToro alternative
eToro vs. MarketsX: Trading platform scores
MarketsX eToro
Web platform score 3.0 4.0
Mobile platform score 4.0 5.0
Desktop platform score - -

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

Visit broker
81.3% of retail CFD accounts lose money

Markets and products
2.0

MarketsX has a limited product portfolio as you can only trade with CFDs, forex, a couple of cryptos and CFD funds.
eToro vs. MarketsX: Markets and products
MarketsX eToro
Stock No Yes
ETF No Yes
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

Visit broker More
81.3% of retail CFD accounts lose money

Verdict

In this review, we tested MarketsX thoroughly and here is the verdict: it is an ok broker, especially if you want to concentrate on CFD trading. The account opening is seamless and fast, it has good research tools and great customer service and it is also regulated by multiple top-tier financial regulators, like the FCA and the ASIC. On the other hand, the trading fees are high and it offers only CFDs and forex. We also missed some important features on the trading platforms like two-step authentication or price alerts on the web.

All in all, it is a good choice. As the account opening is super easy and there is no inactivity fee, feel free to try it.

MarketsX
Summary MarketsX is a brand belonging to Markets.com, a global CFD and forex broker regulated by the UK FCA, Australia's ASIC, CySEC in Cyprus, and South Africa's FSCA, among others. It has a UK parent, which is listed on the London Stock Exchange.
Fees score 2.0
Recommended for Traders looking to venture into CFD trading

Visit broker More
81.3% of retail CFD accounts lose money

eToro alternatives
XTB

XTB is a global CFD and forex broker with headquarters in London and Warsaw. The company is regulated by several financial authorities worldwide, including the UK's Financial Conduct Authority (FCA) and the Polish Financial Supervision Authority (KNF). XTB is listed on the Warsaw Stock Exchange.

XTB is considered safe because it is regulated by at least one top-tier financial authority, the FCA, and is listed on a stock exchange.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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 fees and great deposit/withdrawal service

Pros Cons
Low forex and stock index CFD fees High fee for stock CFD
Free and fast deposit and withdrawal Limited product portfolio, mostly CFD and FX
Easy and fast account opening Poor email support

Visit broker
75% of retail CFD accounts lose money

Fees
4.0

XTB has low trading fees and low non-trading fees. Within trading fees, there are low fees for forex and stock index CFDs. On the other hand, stock CFD fees are high.
Pros Cons
Low trading fees High stock CFD fees
Low non-trading fees
No withdrawal fee
eToro vs. XTB: Trading fees
XTB eToro
Apple benchmark fee $17.9 $6.3
Vodafone benchmark fee $20.9 -
EURUSD benchmark fee $15.0 $19.6

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

Visit broker More
75% of retail CFD accounts lose money

Account opening
5.0

XTB's account opening process is hassle-free, fully digital and straightforward. Your account will be ready for trading on the same day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
eToro vs. XTB: Minimum deposit, time to open an account
XTB eToro
Minimum deposit $250 $200
Time to open account 1 day 1 day

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

Visit broker More
75% of retail CFD accounts lose money

Deposit and withdrawal
5.0

XTB deposits and withdrawals are cost-friendly, fast, and can be done in several forms.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
eToro vs. XTB: Withdrawal options
XTB eToro
Bank Transfer Yes Yes
Credit/Debit card No Yes
Electronic wallets No Yes
Withdrawal fee $0 $25

Visit broker More
75% of retail CFD accounts lose money

Web trading platform
4.0

XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, a two-step login is not available.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report
Good search function
Web trading platform of XTB, a eToro alternative
eToro vs. XTB: Trading platform scores
XTB eToro
Web platform score 4.0 4.0
Mobile platform score 4.0 5.0
Desktop platform score 4.0 -

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

Visit broker
75% of retail CFD accounts lose money

Markets and products
3.0

XTB's product selection covers only CFDs, forex and crypto assets. Some European clients can also trade with real stocks and ETFs. Popular asset classes like bonds, mutual funds, options and futures are not available.
eToro vs. XTB: Markets and products
XTB eToro
Stock Yes Yes
ETF Yes Yes
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

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75% of retail CFD accounts lose money

Verdict

XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA, and it is listed on the Warsaw Stock Exchange. 

On the plus side, its forex and stock index CFD fees are low and the deposit and withdrawal process is free and fast. We also liked the seamless and hassle-free account opening process.

XTB has some drawbacks, though. The stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading are available in some European countries. Lastly, its email support did not reply to our queries.

We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options and a fast account opening. Feel free to test it using a demo account.

XTB
Summary XTB is a global CFD and forex broker, listed on the Warsaw Stock Exchange and regulated by financial authorities including the UK FCA and Poland's KNF.
Fees score 4.0
Recommended for Forex and CFD traders looking for low fees and great deposit/withdrawal service

Visit broker More
75% of retail CFD accounts lose money

eToro alternatives
City Index

City Index was founded in 1983 and it is a global CFD and FX broker. City Index is the brand name of GAIN Capital, which is listed on the New York Stock Exchange. The company is regulated by top-tier financial authorities, such as the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) or Monetary Authority of Singapore (MAS). 

City Index is considered safe because it has a long track record, 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. 72% 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 cfd and forex traders looking for low forex fees and great research tools

Pros Cons
Low fees for forex and index CFDs Limited product portfolio
Fast and smooth account opening High stock CFD fees
Diverse research tools Not user-friendly desktop platform

Visit broker
72% of retail CFD accounts lose money

Fees
4.0

City Index has low fees for forex and stock index CFDs. On the other hand, stock CFD fees are high and there is an inactivity fee.
Pros Cons
Low forex fees Inactivity fee
No withdrawal fee High stock CFD fee
Low stock index CFD fees
eToro vs. City Index: Trading fees
City Index eToro
Apple benchmark fee $21.9 $6.3
Vodafone benchmark fee $25.7 -
EURUSD benchmark fee $12.8 $19.6

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

Visit broker More
72% of retail CFD accounts lose money

Account opening
5.0

City Index account opening is fully digital and there is no minimum deposit. It took us one day to have an approved open account.
Pros Cons
Fast None
Fully digital
No minimum deposit
eToro vs. City Index: Minimum deposit, time to open an account
City Index eToro
Minimum deposit $0 $200
Time to open account 1 day 1 day

If you are interested more in City Index minimum deposit, this overview will help you.

Visit broker More
72% of retail CFD accounts lose money

Deposit and withdrawal
4.0

City Index provides multiple options for deposit and withdrawal and they are free of charge. However, the withdrawal with some credit cards is not possible.
Pros Cons
Credit/Debit card available Problem with credit card withdrawal
Free withdrawal
No deposit fee
eToro vs. City Index: Withdrawal options
City Index eToro
Bank Transfer Yes Yes
Credit/Debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $25

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72% of retail CFD accounts lose money

Web trading platform
4.0

City Index's web trading platform is user-friendly and extremely customizable. It has also a lot of order types. On the flip 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
Web trading platform of City Index, a eToro alternative
eToro vs. City Index: Trading platform scores
City Index eToro
Web platform score 4.0 4.0
Mobile platform score 4.0 5.0
Desktop platform score 3.0 -

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

Visit broker
72% of retail CFD accounts lose money

Markets and products
2.0

At City Index, you can only trade with CFDs, forex, and cryptos. Unfortunately, real stocks, bonds and ETFs are not available.
eToro vs. City Index: Markets and products
City Index eToro
Stock No Yes
ETF No Yes
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

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72% of retail CFD accounts lose money

Verdict

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

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

It has some drawbacks though. The product portfolio is limited, the stock CFD fees are quite high, and the desktop platform is not easy-to-use.

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

City Index
Summary City Index is a global CFD broker, regulated by many financial authorities including the top-tier UK FCA. Its parent company, GAIN Capital is listed on the New York Stock Exchange.
Fees score 4.0
Recommended for CFD and forex traders looking for low forex fees and great research tools

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72% of retail CFD accounts lose money

eToro alternatives
Bottom line

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

eToro alternatives
Broker Info Recommended for
eToro Global social trading broker Traders interested in social trading (ie. copying other investors’ trades)
Plus500 Global CFD and forex broker Experienced traders looking for an easy-to-use platform and a great user experience
MarketsX Global CFD and forex broker Traders looking to venture into CFD trading
XTB Global CFD and forex broker Forex and CFD traders looking for low fees and great deposit/withdrawal service
City Index Global CFD and forex broker CFD and forex traders looking for low forex fees and great research tools

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Dan Sallai

Dan Sallai

CMO

Author of this article

My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.

Everything you find on Brokerchooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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