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Compare ChoiceTrade vs City Index


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

ChoiceTrade vs City Index
overall rating
4.1 / 5.0
4.4 / 5.0
overall pros
  • Commission-free stock trading
  • Fast and easy account opening
  • User-friendly mobile trading platform
  • Low forex fees
  • Diverse and high-quality research tools
  • Great customer support
overall cons
  • High non-trading fees
  • Not user-friendly deposit and withdrawal
  • Limited product portfolio
  • High stock CFD fees
  • Limited product portfolio
  • Not user-friendly desktop platform
fees
4 stars
  • Low trading fees
  • Commission-free stock trading
  • High non-trading fees
3 stars
  • No withdrawal fee
  • Low financing rate
  • Inactivity fee
account opening
5 stars
  • Fully digital account opening
  • User-friendly
4 stars
  • Fully digital account opening
  • No minimum account balance
  • Slow account opening
deposit and withdrawal
1 stars
  • No deposit fee
  • Credit/Debit card deposit and withdrawal not available
  • High withdrawal fee
  • Only one account base currency
  • Not user-friendly withdrawal
4 stars
  • Credit/Debit card deposit and withdrawal
  • Free withdrawal
  • No deposit fee
  • Missing electronic wallets
  • Base currencies cannot be selected
web trading platform
2 stars
  • Clear fee report
  • Good variety of order types
  • Not user-friendly
  • No two-step (safe) login
  • Poor search function
4 stars
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safe) login
mobile trading platform
4 stars
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safe) login
  • No price alerts
4 stars
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safe) login
desktop trading platform
3 stars
  • Clear fee report
  • Good variety of order types
  • Looks nice
  • Limited customizability (for charts, workspace)
  • No two-step (safe) login
  • No price alerts
3 stars
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Available in several languages
  • Not user-friendly
  • No two-step (safe) login
markets and products
1 stars
  • Stock
  • ETF
  • Options
2 stars
  • Forex
  • CFD
  • Crypto
research
3 stars
  • Analyst recommendations for stocks, bonds, etc.
  • Data on asset fundamentals
  • Good quality news flow
  • Limited interactive charting
  • Not user-friendly
5 stars
  • Good interactive chart
  • Good quality news flow
  • User-friendly
  • Recommendations only for forex
customer service
4 stars
  • Phone support
  • Relevant answers
  • No live chat
5 stars
  • Fast response time
  • Relevant answers
  • Great telephone support
  • Bad chatbot
education
3 stars
  • Demo account
  • Trading platform tutorial videos
  • Educational videos
  • Hard to navigate
  • Poor production quality
5 stars
  • Trading platform tutorial videos
  • Educational videos
  • Easy to understand
  • Regulated by top tier financial authority
  • High level of investor protection
  • Financial information is publicly available
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Regulated by top tier financial authority
  • High level of investor protection
  • Parent company listed on stock exchange
recommended for Stock and options traders aiming for low trading fees and focusing on the US market CFD and forex traders looking for low forex fees and great research tools