Compare City Index vs eToro - Online Brokerage Comparison

Compare City Index vs eToro

City Index vs eToro Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneWeb Trader, Advantage Web & Apps, MT4, AT Pro12,000+FCA, ASIC, MAS
$200Web Trader & Apps1000+FCA, ASIC, CySEC

City Index and eToro Comparison

While eToro provides a relatively wide and large number of markets to trade, City Index has many more. City Index offers a range of platform, including AT Pro which enables the trader to automate parts of trading. City Index also offers MT4, which has EAs, enabling trading automation. AT Pro has a particularly large number of technical indicators. City Index supports therefore, to a significant degree and depth, both automated and non-automated (discretionary) trading. However eToro also supports both discretionary and automated trading, but from a different focus.

eToro is a Social Investment Network, which aims to allow the trader to use other traders to inform their own trading, either via a social news feed and other social information, or by by copying their trades (copy trading). So both support trading automation, but in different ways. eToro's platform is a user friendly web trader, and apps, with a range of tool to enable analysis. City Index also provides two web traders, and apps. Both offer a range of cryptocurrencies. Finally, while each have CFD trading, City Index also offers spread betting. Both are regulated by the FCA in the United Kingdom and the ASIC in Australia. City Index is additionally regulated by the MAS in Singapore. eToro is additionally regulated by the CySEC in Cyprus.

Quick comparison

City Index offers a large number and wide range of markets to trade as CFDs or in the UK spread bet on three platforms and a smaller number and range on MT4. eToro provides a significant number and range of markets on its platform which provides support for social and copy trading and related products.

Minimum deposit and account types

City Index does not have a minimum deposit. The minimum deposit for eToro is $200.

  • City Index offers CFD trading and spread betting. City Index provides a news feed, market reports and a Trading Academy.
  • eToro is a Social Trading Network which supports trading, social trading and auto trading by copying other traders (or being copied) and provides products based on this network. The minimum trade size is 0.01 lots.

Markets

  • City Index offers Forex, Indices, Energy, Metals, Stocks, ETFs, Bonds, Cryptocurrencies, Soft Commodities, Options, IPOs and Interest Rates, with 12,000+ available. City Index Australia and City Index Singapore have less markets (5,000+), as they do not offer spread betting.
  • eToro offers Forex, Indices, Energy, Metals, Stocks, ETFs, Bonds and Cryptocurrencies, with 1000+ available.

Cryptocurrencies

  • City Index provides Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash (as a CFD or for spread betting).
  • eToro provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, NEO, IOTA, EOS, Cardano, Stellar, Ethereum Classic, TRON, Zcash and Binance Coin.

Spreads and leverage

  • Spreads at City Index are variable and are from 0.5 for EUR/USD, 1 for UK100, 0.3 for Gold and 0.04 for US Oil.
  • eToro's typical spreads are 3 for EUR/USD, 1 for UK100, 0.45 for Gold and 0.05 for US Oil.

Maximum leverage for City Index (FCA regulated) is . Maximum leverage for eToro is .

Platforms

eToro offers a web trader and apps on tablet and mobile. City Index offers MT4, two web trading platforms (Advantage Web and Web Trader) and apps and AT Pro.

Why City Index or eToro ?

Both of these brokers provide support for CFD trading, though City Index has more markets (4000+ vs 1000+). However in the UK, City Index also offers spread betting, with 8000+ markets. eToro provides extensive support for social and copy trading on its platform. City index offers a range of platforms, supporting discretionary trading, but also offers MT4 (with a reduced range of markets). So it depends on what services the trader wants, though both brokers can be seen as providing depth in terms of their main focus: social and copy trading in the case of eToro and a wide range of markets and platforms to spread bet or trade CFDs, in the case of City Index.

Comparison summary

  • Both brokers offer a relatively wide range of markets to trade, but City Index has more
  • eToro supports copy trading, on its web trading platform
  • City Index supports automated trading strategies with MT4
  • City Index provides two web trading platforms and the AT Pro platform
  • Both offer Bitcoin
  • eToro provides a range of cryptocurrencies to own when buying them
  • City Index offers a range of cryptocurrencies for CFD trading or spread betting (the trader does not own the cryptocurrency)
  • Both brokers provide a range of analysis tools on their platforms
  • eToro enables social trading, where the trader can inform their decisions with the views of other traders
  • City Index allows the trader to use or build chart based trading signals with AT Pro
  • Both are FCA and ASIC regulated
  • eToro is additionally CySEC regulated, City Index is additionally MAS regulated

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