Compare City Index vs Oanda


Online brokers compared for fees, trading platforms, safety and more. See how City Index stacks up against Oanda!

City Index vs Oanda
overall rating
4.6
4.6
overall pros
  • Low fees for forex and index CFDs
  • Fast and smooth account opening
  • Diverse research tools
  • Generally low fees
  • Easy-to-use web trading platform
  • Easy and digital account opening
overall cons
  • Limited product portfolio
  • High stock CFD fees
  • Not user-friendly desktop platform
  • Only FX and some CFDs
  • Poor customer service
  • High bank withdrawal fee
fees
4.0
  • Low forex fees
  • No withdrawal fee
  • Low stock index CFD fees
  • Inactivity fee
  • High stock CFD fee
4.0
  • Low trading fees
  • Low forex fees
  • No withdrawal fee
  • No withdrawal fee in most cases
  • High withdrawal fee for bank transfers
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit
4.0
  • Fully digital
  • No minimum deposit
  • Low minimum deposit
  • Issues with ID verification can slow account opening
deposit and withdrawal
4.0
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Problem with credit card withdrawal
4.0
  • Credit/Debit card available
  • No deposit fee
  • Withdrawal is free for PayPal and for the first debit card transaction each month
  • High withdrawal fee for bank transfers
web trading platform
4.0
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • No price alerts
mobile trading platform
4.0
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • No Touch/Face ID login
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No Touch/Face ID login
desktop trading platform
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • No two-step (safer) login
  • Poor design
4.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No price alerts
markets and products
2.0
  • Forex
  • CFD
  • Crypto
2.0
  • Forex
  • CFD
research
4.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • No fundamental data available
5.0
  • Good interactive chart
  • Quality news flow
  • User-friendly
  • Great API
  • Research tools are poorly organized
customer service
4.0
  • Phone support
  • Live chat
  • Great telephone support
  • No 24/7 support
  • Email response time is slow
3.0
  • Phone support
  • Live chat
  • No 24/7 support
  • Speed could be improved
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Materials are not well-organized
  • Majority of clients belong to a top-tier financial authority
  • Listed on stock exchange
  • Negative balance protection
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Financial information is publicly available
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Forex and CFD traders looking for low forex fees and great research tools Forex traders who value a user-friendly platform and great research tools
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