Updated Oct 28 2022
Visit 69% of retail CFD accounts lose money. |
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78.3% of retail CFD accounts lose money. |
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. |
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. |
Best For | |
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Licenses | |
Financial Regulation Regulated Top-tier Licenses 4 Other Licenses 0 Provided by |
Financial Regulation Regulated Top-tier Licenses 7 Other Licenses 1 Provided by |
🏛 Financial Regulators | |
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The Good | |
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The Bad | |
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Status | |
Operational | Operational |
Recent News | |
No fresh news at the moment. Check again soon! |
No fresh news at the moment. Check again soon! |
Key Data | |
⌛ Account Opening Time | |
1 day | 1 day |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
1983 | 1996 |
💳 Minimum Deposit Range | |
$100 | 0 |
💰 Payment Methods | |
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💵 Account Base Currencies | |
8 - GBP, USD, EUR, AUD, JPY, PLN, HUF, CHF. | 9 - USD, EUR, GBP, SGD, CHF, JPY, AUD, CAD, HKD. |
🗽 Available to U.S Citizens | |
No | Yes |
❌ Restricted Countries | |
US, CA, SY, IR. |
AF, AL, BS, BB, BW, BF, BI, KH, KY, CF, TD, CD, CG, CU, ER, ET, GH, IR, IQ, JM, KP, LY, MU, MN, MA, MM, NI, NG, PK, PS, PA, SN, SL, SO, SS, SD, SY, TT, TN, UG, VU, YE, ZW. |
📊 STP Account | |
No | No |
📊 DMA Account | |
No | No |
📊 ECN Account | |
No | Yes |
Banking License | |
No | No |
Debit Card | |
No | No | Assets |
📚 Assets Type | |
CFDs | CFDs |
Total Asset Offering | |
5,412 | 107 |
Exchange Access | |
0 | 0 |
📙 Real Stocks | |
0 | 0 |
📙 Stock CFDs | |
4,500 | 0 |
📘 Currency Pairs | |
0 | 0 |
📘 Currency Pair CFDs | |
84 | 68 |
📗 Commodities | |
0 | 0 |
📗 Commodities CFDs | |
30 | 13 |
📕 Indices | |
0 | 0 |
📕 Indices CFDs | |
25 | 16 |
📔 ETFs | |
0 | 0 |
📔 ETFs CFDs | |
740 | 4 |
💸 Cryptocurrencies | |
0 | 0 |
💸 Cryptocurrency CFDs | |
5 | 0 |
📒 Bonds | |
0 | 0 |
📒 Bonds CFDs | |
11 | 6 |
📓 Options | |
0 | 0 |
📓 Options CFDs | |
17 | 0 |
📗 Futures | |
0 | 0 |
📗 Futures CFDs | |
0 | 0 | Trading Experience |
📈 Minimum Stock Trade Size | |
Variable - Fractions Allowed | Unavailable |
📉 Minimum ETFs Trade Size | |
Variable - Fractions Allowed | Unavailable |
📈 Minimum Crypto Trade Size | |
Variable (eg: 0.01 BTC, 1 LTC) | Varies by crypto (Eg: 0.01 BTC) |
📉 Minimum FX Trade Size | |
$1,000 (0.01 Lots) | 1 unit of any currency pair (Eg: 1 Euro, 1 USD, 1 GBP, etc) |
📈 Minimum Commodities Trade Size | |
$1,000 (0.01 Lots) | Varies by Commodity (Eg: 1 Troy ounce of Gold) |
📉 Minimum Bonds Trade Size | |
1 Unit | 1 Bond |
📈 Minimum Futures Trade Size | |
Unavailable | Unavailable |
📉 Minimum Options Trade Size | |
1 Contract | Unavailable |
💪 Retail Leverage | |
30 | 30 |
💪 Professional Leverage | |
500 | 100 |
✍ Customisable Leverage | |
No | Yes |
🎲 Deleveraged Trading | |
No | No |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
Yes | Yes |
📺 MetaTrader 5 | |
No | Yes |
📺 cTrader | |
No | No |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
Yes | Yes |
💻 Proprietary Platform | |
Yes | Yes |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
No | No |
👫 Social Trading | |
No | No |
🔑 Guaranteed Stop-loss | |
No | Yes |
🔨 Trailing Stop-loss | |
Yes | Yes | Fees |
💰 Inactivity Fee | |
12£ monthly after 1 year of inactivity. |
$10 after 1 year of inactivity. |
💰 Deposit Fees | |
None | 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. |
💰 Withdrawal Fees | |
None | None |
💰 Commissions | |
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None | Spreads |
📈 EUR/USD | |
Dynamic - From 0.8 Pips | Dynamic - From 0.8 Pips |
📉 SP500 | |
Dynamic - From 60 Pips | Dynamic - From 30 Pips |
📈 GOLD | |
From 50 Pips | Dynamic - From 26 Pips |
📉 TSLA (Stock CFD) | |
Dynamic - Market Spread | Unavailable |
📈 XLK (ETF - CFD) | |
Dynamic - Market Spread | Unavailable |
📉 BTC | |
Dynamic - From $120 | Dynamic - From $100 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
Yes | Yes |
📡 Reuters Feed | |
Yes | No |
📡 Educational Content | |
No | Yes |
📡 Live Chat Support | |
Yes | Yes |
📡 Video Tutorials | |
No | No |
📡 Account Management | |
No | No |
📡 Webinars | |
No | No |