Compare City Index vs Flatex


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

City Index vs Flatex
overall rating
4.6
4.0
overall pros
  • Low fees for forex and index CFDs
  • Fast and smooth account opening
  • Diverse research tools
  • Low mutual fund and bond fees
  • Listed on a stock exchange, strong parent company
  • Great educational tools
overall cons
  • Limited product portfolio
  • High stock CFD fees
  • Not user-friendly desktop platform
  • High fees for stock, ETF, and forex
  • Only bank transfer is available for deposits and withdrawals
  • Complicated account opening for non-German residents
fees
4.1
  • Low forex fees
  • No withdrawal fee
  • Low stock index CFD fees
  • Inactivity fee
  • High stock CFD fee
2.2
  • Low fees for mutual funds and bonds
  • High stock and ETF fees
  • High forex fees
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit
1.8
  • No minimum deposit
  • Low minimum deposit
  • Fully digital account opening for German clients
  • Slow
  • Not fully digital
  • Not user-friendly
deposit and withdrawal
4.0
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Problem with credit card withdrawal
2.5
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • Slow withdrawal - over 3 days
web trading platform
4.3
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
3.3
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No clear fee report available
  • Limited customizability (for charts, workspace)
  • No price alerts
mobile trading platform
4.3
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • No Touch/Face ID login
4.3
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No price alerts
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
2.8
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Two-step (safer) login
  • Not user-friendly
  • No clear fee report available
  • Not free of charge
markets and products
2.1
  • Forex
  • CFD
  • Crypto
4.1
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • CFD
  • Warrant
  • Certificate
  • Turbo
research
4.3
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • No fundamental data available
2.8
  • Good interactive chart
  • Data on asset fundamentals
  • No trading ideas
  • No/poor quality news flow
customer service
4.0
  • Phone support
  • Live chat
  • Great telephone support
  • No 24/7 support
  • Email response time is slow
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational texts
  • 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
  • Banking background
  • Listed on stock exchange
recommended for Forex and CFD traders looking for low forex fees and great research tools Investors and CFD traders speaking German and focusing on European securities
×