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

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.

Oanda is an international Forex broker founded in 1996 with headquarters in the United States. Oanda specialises exclusively in currency trading solutions for all trader levels. Their greatest selling points are their strong regulatory framework and robust proprietary platforms.

• 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

• Forex traders of all levels (from beginner to advanced)

• 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

• High trustworthiness, regulated by the best regulators in the world
• Fast, simple and professional trading platforms
• Competitive spreads in their currency pairs

• 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

• Extremely limited offering of assets (104)
• No ability to purchase real stocks or cryptocurrencies, only CFDs

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• 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.

*There is no document verification needed for gross account deposits below US$9,000.

City index offers both CFDs and spread betting.<

All Oanda's assets are CFDs. In the case of commodities, they only have 13, but each commodity has various trading pairs against several different currencies, eg: GOLD/EUR, GOLD/CHF, etc.

Yes, 12£ monthly after 1 year of inactivity

Credit and Debit cards are free, when it comes to Bank transfer depends on the account's base currency (eg: the first withdrawal costs $, €, £ 20 and any subsequent ones 35). In the case of SGD, there are no fees.

• 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€.

No, but they do charge currency conversion fees. If your account base currency is GBP and you trade the EUR/USD pair, you'll be paying a conversion fee.