The best alternatives to eToro are
- Plus500 - Global CFD broker
- Markets.com - Global CFD and forex broker
- XTB - Global CFD and forex broker
- 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 | Plus500 | Markets.com | XTB | City Index | |
|---|---|---|---|---|---|
| Overall score | 4.7 | 4.4 | 4.0 | 4.7 | 4.6 |
| Fees score | 4.5 stars | 3.6 stars | 1.6 stars | 4.1 stars | 4.1 stars |
| Account opening score | 5.0 stars | 5.0 stars | 5.0 stars | 5.0 stars | 5.0 stars |
| Deposit and withdrawal score | 3.7 stars | 5.0 stars | 4.5 stars | 4.5 stars | 4.0 stars |
| Web platform score | 4.4 stars | 4.4 stars | 4.5 stars | 4.4 stars | 4.3 stars |
| Markets and products score | 3.8 stars | 1.9 stars | 1.8 stars | 2.8 stars | 2.0 stars |
|
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74% 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 (i.e. copying other investors’ trades) & zero commission stock trading
- Plus500 is recommended for experienced traders looking for an easy-to-use platform and a great user experience
- Markets.com 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 forex and cfd traders looking for low forex fees and great research tools
Important factors of finding eToro alternatives
So far BrokerChooser has reviewed 71 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.
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 traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading
| Pros | Cons |
|---|---|
| • Free stock and ETF trading | • High forex fees |
| • Seamless account opening | • Withdrawing money can be slow |
| • Social trading experience | • Only one account base currency |
Fees
eToro offers free stock trading. On the negative side, forex trading fees are high and there is a fee charged for inactivity or withdrawal.
| Pros | Cons |
|---|---|
| • Low trading fees | • Withdrawal fee |
| • Free stock trading | • Monthly inactivity fee after 1 year of no trading |
| • Low CFD fees |
| eToro | Plus500 | Markets.com | XTB | City Index | |
|---|---|---|---|---|---|
| S&P 500 index CFD fee | $2.4 | $2.1 | $5.0 | $1.9 | $1.9 |
| Europe 50 index CFD fee | $2.7 | $1.9 | $2.5 | $1.9 | $2.2 |
| EURUSD benchmark fee | $16.4 | $18.1 | $24.1 | $14.8 | $12.8 |
| GBPUSD benchmark fee | $12.7 | $13.7 | $24.7 | $10.8 | $9.6 |
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
Account opening at eToro is seamless and very fast.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| eToro | Plus500 | Markets.com | XTB | City Index | |
|---|---|---|---|---|---|
| Minimum deposit | $200 | $100 | $250 | $0 | $0 |
| Time to open account | 1 day | 1 day | 1 day | 1 day | 1 day |
Learn more about eToro minimum deposit here.
Deposit and withdrawal
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 | • Only one account base currency |
| • No deposit fee | • $5 withdrawal fee |
| • User-friendly | • Conversion fee for non-USD deposits |
| eToro | Plus500 | Markets.com | 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 | $5 | $0 | $0 | $0 | $0 |
Web trading platform
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 | Plus500 | Markets.com | XTB | City Index | |
|---|---|---|---|---|---|
| Web platform score | 4.4 stars | 4.4 stars | 4.5 stars | 4.4 stars | 4.3 stars |
| Mobile platform score | 4.9 stars | 4.9 stars | 4.5 stars | 4.4 stars | 4.3 stars |
| Desktop platform score | - | - | - | 4.4 stars | 3.0 stars |
Learn more about eToro's web trading platform in the detailed eToro review.
Markets and products
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 | Plus500 | Markets.com | XTB | City Index | |
|---|---|---|---|---|---|
| Stock | Yes | No | No | Yes | No |
| ETF | Yes | No | No | Yes | No |
| Forex | Yes | No | 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 | No | Yes | Yes | Yes |
Verdict
eToro has zero-commission stock trading. Account opening is swift and seamless. It also has a lot of innovative features, like social trading and copying other (successful) traders.
It has some drawbacks, though. Forex fees are high and eToro only allows USD accounts, which means that conversion costs on deposits and withdrawals can be high in some cases. Live chat is hard to reach and their educational materials could be better.
Overall, we would recommend eToro for its social trading feature and zero-commission stock trading.
Risk disclaimer
eToro is a multi-asset platform that offers both investing in stocks and crypto assets, 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 that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework.
Past performance is not an indication of future results.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
| 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 | 4.5 stars |
| Recommended for | Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading |
eToro alternatives
Plus500
Plus500 is a London Stock Exchange-listed global CFD 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 based on the notion that client transactions are opened and closed within 2 minutes limit in order to accumulate quick profits from small price changes." 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.
a trading strategy based on the notion that Client transactions are opened and closed within two (2) minutes limit in order to accumulate quick profits from small price changes
Recommended for experienced traders looking for an easy-to-use platform and a great user experience
| Pros | Cons |
|---|---|
| • Easy-to-use platform | • Limited product range, only CFDs |
| • Low CFD fees | • Minimal research tools |
| • Great account opening | • Mediocre educational section |
Fees
Plus500 has low CFD fees and average forex fees. The non-trading fees are average as well. Although the broker charges an inactivity fee, it is applied only if you are not even logging in to your account.
| Pros | Cons |
|---|---|
| • Low trading fees | • Inactivity fee |
| • No withdrawal fee |
| Plus500 | eToro | |
|---|---|---|
| Apple benchmark fee | $8.8 | $7.2 |
| Vodafone benchmark fee | $7.6 | - |
| EURUSD benchmark fee | $18.1 | $16.4 |
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
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 |
| 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.
Deposit and withdrawal
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 |
| Plus500 | eToro | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $5 |
Web trading platform
The Plus500 trading platform is quite 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 |
| Plus500 | eToro | |
|---|---|---|
| Web platform score | 4.4 stars | 4.4 stars |
| Mobile platform score | 4.9 stars | 4.9 stars |
| Desktop platform score | - | - |
Learn more about Plus500's web trading platform in the detailed Plus500 review.
Markets and products
At Plus500 you can trade only with CFDs (forex, stock index, stock, ETF, commodity and crypto). Many popular asset classes, like real stocks or ETFs, are not available.
| Plus500 | eToro | |
|---|---|---|
| Stock | No | Yes |
| ETF | No | Yes |
| Forex | No | Yes |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | No | Yes |
Verdict
Plus500 is a good CFD 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 alternative regulators, like Plus500 Cyprus. In this case, for example, the Cypriot investor protection would apply to you.
Attention Daytraders! At Plus500, scalping is defined as "a trading strategy based on the notion that client transactions are opened and closed within 2 minutes limit in order to accumulate quick profits from small price changes." 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, providing a great user experience even for first-timers. Spreads are competitive, but financing rates are quite high. Lastly, the account opening process is great.
On the other hand, CFDs are the only product offered, and there are limited research and educational tools.
As there is no minimum balance required, no withdrawal fee for withdrawals of over $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 | 3.6 stars |
| Recommended for | Experienced traders looking for an easy-to-use platform and a great user experience |
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eToro alternatives
Markets.com
Markets.com has rebranded its services and platforms. For investing purposes, Marketsi is the one for you. For trading purposes, Marketsx is your platform. Everything that is related to trading will be under the Marketsx name. As we are reviewing the broker as a whole, we will refer to it as Markets.com
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. 73.9% 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 |
Fees
Markets.com charges no account, deposit or withdrawal fees. On the flip side, trading fees, financing rates and forex fees are high and inactivity fee can kick in as well.
| Pros | Cons |
|---|---|
| • No withdrawal fee | • High trading fees |
| • High forex fees | |
| • High financing rate |
| Markets.com | eToro | |
|---|---|---|
| Apple benchmark fee | $8.7 | $7.2 |
| Vodafone benchmark fee | $26.7 | - |
| EURUSD benchmark fee | $24.1 | $16.4 |
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
Account opening at Marktes.com is seamless, fast and fully digital. You can open your trading account within a day.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| Markets.com | eToro | |
|---|---|---|
| Minimum deposit | $250 | $200 |
| Time to open account | 1 day | 1 day |
If you are interested more in Markets.com minimum deposit, this overview will help you.
Deposit and withdrawal
Markets.com 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 |
| Markets.com | eToro | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $5 |
Web trading platform
Markets.com's web trading platform is easy to use, has a clear fee report and good search function. On the other hand, we missed a two-step login, customizability and order confirmation features.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Clear fee report | |
| • Good search function |
| Markets.com | eToro | |
|---|---|---|
| Web platform score | 4.5 stars | 4.4 stars |
| Mobile platform score | 4.5 stars | 4.9 stars |
| Desktop platform score | - | - |
Learn more about Markets.com's web trading platform in the detailed Markets.com review.
Markets and products
Markets.com has a limited product portfolio as you can only trade with CFDs, forex, a couple of cryptos and CFD funds.
| Markets.com | 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 |
Verdict
In this review, we tested Markets.com 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.
| Markets.com | |
|---|---|
| Summary | Markets.com is a brand of 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. Its operated by Playtech, a subsidiary that is on the London Stock Exchange. |
| Fees score | 1.6 stars |
| Recommended for | Traders looking to venture into CFD trading |
eToro alternatives
XTB
XTB is a global CFD and forex broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority (FCA). In addition, XTB is listed on the Warsaw Stock Exchange, and as such is required to disclose its financials.
XTB is considered safe because it has a long track record, is listed on a stock exchange, and publishes its financial statements transparently.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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 fees for stock CFDs |
| • Free and fast deposit and withdrawal | • Product portfolio limited mostly to CFDs and FX |
| • Easy and fast account opening | • Limited fundamental data |
Fees
XTB has low forex and stock index CFD fees. There is also no withdrawal fee for most transfers. On the other hand, stock CFD fees are high, and XTB also charges an inactivity fee.
| Pros | Cons |
|---|---|
| • Low forex fees | • High stock CFD fees |
| • Low stock index CFD fees | • Inactivity fee |
| • No withdrawal fee for transfers above $100 |
| XTB | eToro | |
|---|---|---|
| Apple benchmark fee | $17.9 | $7.2 |
| Vodafone benchmark fee | $19.3 | - |
| EURUSD benchmark fee | $14.8 | $16.4 |
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
XTB's account opening process is hassle-free, straightforward and fully digital. Your account will be ready for trading on the same day.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| XTB | eToro | |
|---|---|---|
| Minimum deposit | $0 | $200 |
| Time to open account | 1 day | 1 day |
If you are interested more in XTB minimum deposit, this overview will help you.
Deposit and withdrawal
XTB deposits and withdrawals are fast, mostly free, and can be done via several channels.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Few minor account currencies accepted |
| • Free withdrawal | |
| • No deposit fee |
| XTB | eToro | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | Yes |
| Electronic wallets | No | Yes |
| Withdrawal fee | $0 | $5 |
Web trading platform
XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, two-step login is not available.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Clear fee report | |
| • Good search function |
| XTB | eToro | |
|---|---|---|
| Web platform score | 4.4 stars | 4.4 stars |
| Mobile platform score | 4.4 stars | 4.9 stars |
| Desktop platform score | 4.4 stars | - |
Learn more about XTB's web trading platform in the detailed XTB review.
Markets and products
XTB's default product selection includes only CFDs, forex and crypto. Some European clients can also trade real stocks and ETFs. Popular asset classes like bonds, mutual funds, options and futures are not available.
| 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 |
Verdict
XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA. The company 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 fast and mostly free. We also liked the seamless and hassle-free account opening process.
XTB has some drawbacks, though. Stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading is available in some European countries. Fundamental data offered by XTB covers only a few basics such as P/E.
We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options along with 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, Poland's KNF, and Cyprus's CySec. |
| Fees score | 4.1 stars |
| Recommended for | Forex and CFD traders looking for low fees and great deposit/withdrawal service |
eToro alternatives
City Index
City Index was founded in 1983 and it is a global CFD and FX broker. City Index is the trading 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. 74% 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 and index CFDs | • Limited product portfolio |
| • Fast and smooth account opening | • High stock CFD fees |
| • Diverse research tools | • Not user-friendly desktop platform |
Fees
City Index has low fees for forex and stock index CFDs. On the other hand, stock CFD fees are high and they charge inactivity fee after one year.
| Pros | Cons |
|---|---|
| • Low forex fees | • Inactivity fee |
| • No withdrawal fee | • High stock CFD fee |
| • Low stock index CFD fees |
| City Index | eToro | |
|---|---|---|
| Apple benchmark fee | $21.9 | $7.2 |
| Vodafone benchmark fee | $25.8 | - |
| EURUSD benchmark fee | $12.8 | $16.4 |
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
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 |
| 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.
Deposit and withdrawal
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 |
| City Index | eToro | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $5 |
Web trading platform
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 |
| City Index | eToro | |
|---|---|---|
| Web platform score | 4.3 stars | 4.4 stars |
| Mobile platform score | 4.3 stars | 4.9 stars |
| Desktop platform score | 3.0 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 with CFDs, forex, and cryptos. Unfortunately, real stocks, bonds and ETFs are not available.
| 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 |
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 falls behind of its competitor's solutions.
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 | 4.1 stars |
| Recommended for | Forex and CFD traders looking for low forex fees and great research tools |
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.
| Broker | Info | Recommended for |
|---|---|---|
| eToro | Global social trading broker | Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading |
| Plus500 | Global CFD broker | Experienced traders looking for an easy-to-use platform and a great user experience |
| Markets.com | 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 | Forex and CFD traders looking for low forex fees and great research tools |
Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.
