City Index
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67% of retail CFD accounts lose money.

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DEGIRO
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Investing involves risk of loss

City Index Vs. DEGIRO - Compare and Choose the Right One

Updated Dec 20 2021

Visit

67% of retail CFD accounts lose money.

Visit

Investing involves risk of loss

Overview

City Index is a global broker founded in 1983 that holds 4 financial licenses and offers advanced trading platforms, mobile apps, diverse market research tools and an extensive range of markets.

DEGIRO is a European leading stock broker providing access to more than 50 stock exchanges around the world with low commissions per trade and a simple to use platform.

Best For
  • Intermediate and experienced traders looking for a great asset variety on CFDs
  • Experienced traders looking to trade options over 17 asset classes
  • Share and ETF traders looking for a comprehensive offering
  • Investors from all experience levels looking to buy real shares, funds or ETFs for the long term
  • Active traders that look to access the large variety of exchanges offered
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The Good
  • Very intuitive order placement panelEasy to execute a trade through various markets
  • Professional web platform with customisable workspaces
  • Integrated Reuters news feed directly in the platform
  • No conflicts of interest between DEGIRO and its customers
  • Virtually unlimited asset offering from 50 exchanges across the globe
  • Low fees when compared to traditional banking alternatives
The Bad
  • All assets are CFDs, there is no possibility to buy real stocks or ETFs
  • Cryptocurrency offering is below most of its competitors (only 5)
  • While easy to execute a trade, platform is difficult for a novice to navigate
  • Credit card deposits are not available
  • Simplistic platforms with not many features
  • Fees are expensive when compared to commission free brokers
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 Day 1 day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

🏛 Financial Regulators
  • FCA (UK)
  • ASIC (Australia)
  • MAS (Singapore)
  • ADGM (United Arab Emirates)
  • BaFin (Germany)
  • AFM (Netherlands)
📍 Year Founded
1983 2008
💳 Minimum Deposit
$, €, £ - 100 0
💰 Payment Methods
  • Visa
  • Mastercard
  • Maestro
  • Electron
  • PayPal
  • Bank Transfer
  • Bank Transfer
  • Paypal
💵 Account Base Currencies
8 - GBP, USD, EUR, AUD, JPY, PLN, HUF, CHF. 3 - USD, GBP, EUR.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, CA, SY, IR.

DEGIRO only provides services to citizens of Czech Republic, Spain, Ireland, Norway, Poland, Sweden, Denmark, Greece, Italy, Portugal, Switzerland, Germany, France, Netherlands, Finland and the United Kingdom. The rest of the countries worldwide are not able to use DEGIRO's services.

📊 STP Account
No No
📊 DMA Account
No Yes
📊 ECN Account
No No
Assets
📚 Available Assets

CFDs on stocks, ETFs,, currencies, commodities, cryptocurrencies, indices and bonds.

Real stocks, ETFs, bonds and options.

📙 Stocks
4,500+ Availability from 30 global exchanges.
📘 Currency Pairs
84 N/A
📗 Commodities
30 N/A
📕 Indices
25 N/A
📔 ETFs
740 Availability from 20 Exchanges (Europe, Asia, Oceania)
💸 Cryptocurrencies
5 N/A
📒 Bonds
11 Availability from 7 European exchanges.
📓 Options
Yes, option chains over 17 different products Availability from 11 Global Exchanges.
📗 Futures
N/A Availability from 13 Global Exchanges.
📝 Notes:

City index offers both CFDs and spread betting.<

DEGIRO is a traditional DMA broker, which means you buy or sell real shares upon availability from stock exchanges across the globe. Their asset offering is virtually unlimited as it depends on exchange's availability.

Trading Experience
📈 Minimum Stock Trade Size
Varies per share starting from fractional share trading (eg: 0.1 shares) N/A
📉 Minimum ETFs Trade Size
Varies per ETFs starting from fractional ETFs trading (eg: 0.1 ETFs) N/A
📈 Minimum Crypto Trade Size
Varies per cryptocurrency - (eg: 0.01 BTC, 1 LTC) N/A
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) N/A
📈 Minimum Commodities Trade Size
Varies per commodity N/A
📉 Minimum Bonds Trade Size
Varies per bond N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
Varies per option N/A
💪 Retail Leverage
Up to 1:30 N/A
💪 Professional Leverage
Up to 1:500 N/A
✍ Customisable Leverage
No N/A
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes No
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes No
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes No
Fees
💰 Inactivity Fee

Yes, 12£ monthly after 1 year of inactivity

No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 Commissions
  • Spread betting markets have no commission
  • CFDs or FX trading has no commission as well (except equities: shares & ETFs)
  • Equity commissions depend on the market’s location (eg: UK and Europe have a 0.08% of transaction value fee, US equities and Asian ones have different percentages as well)
  • The minimum equity commission rates are $10, £10 or 10€.

Yes and varies per asset and exchange, eg: If you were to purchase £2,000 worth of Apple shares at a price of $300 your total commission would have been £0.44.

Spreads
📈 EUR/USD
Dynamic - From 0.8 Pips N/A
📉 SP500
Dynamic - From 60 Pips N/A
📈 GOLD
From 50 Pips N/A
📉 TSLA (Stock CFD)
Dynamic - Market Spread N/A
📈 XLK (ETF - CFD)
Dynamic - Market Spread N/A
📉 BTC
Dynamic - From $120 N/A
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
Yes No

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