eToro
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74% of retail CFD accounts lose money.

Vs.

City Index
Visit

69% of retail CFD accounts lose money.

eToro Vs. City Index - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Updated Apr 29 2024

Visit

74% of retail CFD accounts lose money.

Visit

69% of retail CFD accounts lose money.

Overview

eToro is an international broker specialised in social and copy trading that offers real stocks and cryptocurrencies along with CFDs on several asset classes.

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.

Best For
  • New traders looking to use the copy trading feature
  • Experienced traders looking to monetise their skills by gaining followers
  • Passive investors looking to buy and hold shares with no commissions
  • 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
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

2

Other Licenses

2

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

4

Other Licenses

0

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • FCA (UK)
  • ASIC (Australia)
  • FSAS (Seychelles)
  • FCA (UK)
  • ASIC (Australia)
  • MAS (Singapore)
  • ADGM (United Arab Emirates)
The Good
  • Social and Copy trading capabilities
  • Trading real shares and cryptocurrencies
  • 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
The Bad
  • Copy Trading statistics are not clear enough
  • Lack of advanced order placement controls
  • 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
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
  • 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.

📍 Year Founded
2007 1983
💳 Minimum Deposit Range
From $50 to $200 $100
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Sofort
  • Neteller
  • Paypal
  • Skrill
  • Visa
  • Mastercard
  • Maestro
  • Electron
  • PayPal
  • Bank Transfer
💵 Account Base Currencies
1 - USD. 8 - GBP, USD, EUR, AUD, JPY, PLN, HUF, CHF.
🗽 Available to U.S Citizens
Yes No
❌ Restricted Countries

AF, AL, BS, BB, BY, BA, BW, BN, BI, KH, CA, TD, CD, CG, ET, FJ, GH, GN, GW, GY, IR, IQ, JM, JP, LA, LY, ML, MU, MN, ME, MM, NA, NI, KP, MK, PK, PW, WS, RS, SO, LK, SD, SY, TT, TN, TR, UG, VU, YE, ZM.

US, CA, SY, IR.

📊 STP Account
Yes No
📊 DMA Account
Yes No
📊 ECN Account
No No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
Hybrid CFDs
Total Asset Offering
4,245 5,412
Exchange Access
0 0
📙 Real Stocks
2,000 0
📙 Stock CFDs
2,000 4,500
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
47 84
📗 Commodities
0 0
📗 Commodities CFDs
14 30
📕 Indices
0 0
📕 Indices CFDs
13 25
📔 ETFs
0 0
📔 ETFs CFDs
145 740
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
26 5
📒 Bonds
0 0
📒 Bonds CFDs
0 11
📓 Options
0 0
📓 Options CFDs
0 17
📗 Futures
0 0
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
$10 Variable - Fractions Allowed
📉 Minimum ETFs Trade Size
$10 Variable - Fractions Allowed
📈 Minimum Crypto Trade Size
$10 Variable (eg: 0.01 BTC, 1 LTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable 1 Unit
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable 1 Contract
💪 Retail Leverage
30 30
💪 Professional Leverage
Unavailable 500
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No No
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No Yes
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes No
👫 Social Trading
Yes No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee

After 12 months of inactivity, a $10 monthly inactivity fee will be charged.

12£ monthly after 1 year of inactivity.

💰 Deposit Fees

Conversion fees apply.

None
💰 Withdrawal Fees

$5 flat fee.

None
💰 Commissions

No commissions on real stocks and ETFs

  • 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€.
Spreads
📈 EUR/USD
Dynamic - From 1 Pip Dynamic - From 0.8 Pips
📉 SP500
Dynamic - From 75 Pips Dynamic - From 60 Pips
📈 GOLD
Dynamic - From 45 Pips From 50 Pips
📉 TSLA (Stock CFD)
Dynamic - From 0.09% Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - From 0.09% Dynamic - Market Spread
📉 BTC
Fixed - 1% Dynamic - From $120
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
No Yes
📡 Educational Content
Yes No
📡 Live Chat Support
Yes Yes
📡 Video Tutorials
Yes No
📡 Account Management
No No
📡 Webinars
No No