{"id":4054,"date":"2023-02-15T16:22:26","date_gmt":"2023-02-15T16:22:26","guid":{"rendered":"https:\/\/www.publicfinanceinternational.org\/?p=4054"},"modified":"2024-03-26T13:36:35","modified_gmt":"2024-03-26T13:36:35","slug":"etoro-vs-city-index","status":"publish","type":"post","link":"https:\/\/www.publicfinanceinternational.org\/etoro-vs-city-index\/","title":{"rendered":"eToro vs City Index"},"content":{"rendered":"\n

We will compare eToro to City Index on this page. This comparison goes over the pros and cons of both City Index and eToro.<\/p>\n\n\n\n
City Index<\/th>eToro<\/th><\/tr><\/thead>
\"City
City Index is a Forex Trading, Spread Betting<\/a> and CFD Broker, based in London, UK. Their parent organization is StoneX Group. Their subsidiaries include: Finspreads, Forex.com, Salt, GTX, Daniels Trading, and Faraday Research.<\/td>		\"comparison
eToro is a social\/copy trading platform, offering a wide range of markets, along with 0% commission on stocks. They are regulated in top-tier jurisdictions.
Read Full Review<\/a>

Open Account<\/span><\/a><\/div>

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. {etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider.<\/strong> You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Your capital is at risk. Other fees apply. For more information, visit etoro.com\/trading\/fees.
eToro USA LLC does not offer CFDs, only real Crypto assets available.<\/td><\/tr>
Year founded:<\/strong><\/td><\/tr>
1983<\/td>2006<\/td><\/tr>
Regulated by:<\/strong><\/td><\/tr>
ASIC, MAS, FCA<\/td>FinCEN, FCA, MiFID, CySec, ASIC<\/td><\/tr>
Headquarters:<\/strong><\/td><\/tr>
London, UK<\/td>London UK, Limassol Cyprus, Sydney Australia, USA<\/td><\/tr>
Is a Bank:<\/strong><\/td><\/tr>
No <\/td>No <\/td><\/tr>
Demo Account:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f<\/td><\/tr>
Minimum Deposit:<\/strong><\/td><\/tr>
$100<\/td>$50 – $10,000<\/td><\/tr>
Minimum Trade:<\/strong><\/td><\/tr>
varies<\/td>$25 – $1,000<\/td><\/tr>
Islamic Account:<\/strong><\/td><\/tr>
No<\/td>Yes \u2714\ufe0f<\/td><\/tr>
Social\/Copy Trading:<\/strong><\/td><\/tr>
No<\/td>Yes \u2714\ufe0f<\/td><\/tr>
Spread Betting:<\/strong><\/td><\/tr>
No<\/td>No <\/td><\/tr>
Excluded countries:<\/strong><\/td><\/tr>
USA, Brazil, Belgium, Hong Kong, Japan<\/td>133<\/td><\/tr><\/tbody><\/table>\n\n\n\n

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.<\/strong><\/p>\n\n\n\n

Types of Products And Markets Available<\/h2>\n\n\n\n

Comparing eToro to City Index on the markets available and types of products, eToro has the edge. eToro offers trading on more markets along with trading real stocks, not just through CFDs.<\/p>\n\n\n\n

Visit eToro<\/a> – {etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider.<\/strong><\/p>\n\n\n\n
City Index<\/th>eToro<\/th><\/tr><\/thead>
Markets Available:<\/strong><\/td><\/tr>
Only CFDs, Forex<\/td>Stocks (real), Commodities (CFD), Indices (CFD), Currencies (CFD), Cryptoassets (real and CFD)<\/td><\/tr>
CFDs <\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f
2386<\/td><\/tr>
Forex Pairs<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f
49<\/td><\/tr>
Stocks<\/strong><\/td><\/tr>
Yes (CFD Only)<\/td>Yes \u2714\ufe0f
2106 <\/td><\/tr>
Cryptocurrencies<\/strong><\/td><\/tr>
Yes (CFD)<\/td>Yes \u2714\ufe0f
16<\/td><\/tr>
Commodities<\/strong><\/td><\/tr>
Yes (CFD)<\/td>Yes \u2714\ufe0f
31<\/td><\/tr>
ETFs<\/strong><\/td><\/tr>
Yes (CFD)<\/td>No<\/td><\/tr>
Options<\/strong><\/td><\/tr>
No<\/td>No \u274c<\/td><\/tr>
EFPs<\/strong><\/td><\/tr>
No<\/td>No<\/td><\/tr>
Mutual Funds<\/strong><\/td><\/tr>
No<\/td>No<\/td><\/tr>
Robo Portfolios<\/strong><\/td><\/tr>
No<\/td>No<\/td><\/tr><\/tbody><\/table>\n\n\n\n

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.<\/strong><\/p>\n\n\n\n

Trading Platforms<\/h2>\n\n\n\n

Comparing eToro to City Index based on the trading platforms offered, we recommend eToro. Their platform is easy to use and will suffice for most traders. <\/p>\n\n\n\n

Visit eToro<\/a> here –  {etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider<\/strong><\/p>\n\n\n\n
City Index<\/th>eToro<\/th><\/tr><\/thead>
Proprietary Platform:<\/strong><\/td><\/tr>
Yes<\/td>Yes \u2714\ufe0f<\/td><\/tr>
Desktop Platform:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>No \u274c<\/td><\/tr>
Mobile App:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f
iOS, Android<\/td>		Yes \u2714\ufe0f
iOS, Android<\/td><\/tr>
Web Trading Platform:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f<\/td><\/tr>
MetaTrader:<\/strong><\/td><\/tr>
Yes<\/td>No<\/td><\/tr>
cTrader:<\/strong><\/td><\/tr>
No<\/td>No<\/td><\/tr>
Mirror Trader:<\/strong><\/td><\/tr>
No<\/td>No<\/td><\/tr>
Zulu Trade:<\/strong><\/td><\/tr>
No<\/td>No<\/td><\/tr>
Dupli Trade:<\/strong><\/td><\/tr>
No<\/td>No<\/td><\/tr><\/tbody><\/table>\n\n\n\n

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.<\/strong><\/p>\n\n\n\n

Fees<\/h2>\n\n\n\n

Comparing the fees of both, eToro is great as it offers 0% commissions on real stocks. City Index has overall low trading fees and high inactivity fee and stock CFD fees.<\/p>\n\n\n\n
City Index<\/th>eToro<\/th><\/tr><\/thead>
Trading Fees:<\/strong><\/td><\/tr>
Yes
Varies<\/td>		Yes
0% Commission on stocks
Spread Varies<\/td><\/tr>
Deposit Fees:<\/strong><\/td><\/tr>
No <\/td>No <\/td><\/tr>
Withdrawal Fees:<\/strong><\/td><\/tr>
$0<\/td>$5 (Bank Transfer)
$5 (Credit Cards, eWallets)<\/td><\/tr>
Overnight Funding:<\/strong><\/td><\/tr>
No<\/td>Yes <\/td><\/tr>
Inactivity Fee:<\/strong><\/td><\/tr>
Yes
\u00a312 after 1 year<\/td>		Yes
$10\/month<\/td><\/tr><\/tbody><\/table>\n\n\n\n

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.<\/strong><\/p>\n\n\n\n

Customer Support<\/h2>\n\n\n\n

Customer support is better at City Index. They offer great phone support and live chat. eToro customer support is known for being slow.<\/p>\n\n\n\n
City Index<\/th>eToro<\/th><\/tr><\/thead>
eMail:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f<\/td><\/tr>
Online Chat:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f<\/td><\/tr>
Phone Support:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>No<\/td><\/tr>
Languages:<\/strong><\/td><\/tr>
Multiple<\/td>15<\/td><\/tr><\/tbody><\/table>\n\n\n\n

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.<\/strong><\/p>\n\n\n\n

Account Funding<\/h2>\n\n\n\n

Account funding is good at both brokers, however eToro has more deposit options.<\/p>\n\n\n\n
City Index<\/th>eToro<\/th><\/tr><\/thead>
Deposit Methods:<\/strong><\/td><\/tr>
Credit card, Debit card, PayNow, Cheque, Bill Payment or Wire Transfer<\/td>Visa, MasterCard, Skrill, Neteller<\/td><\/tr>
Deposit Fee:<\/strong><\/td><\/tr>
No \u274c<\/td>No \u274c<\/td><\/tr>
Minimum Deposit:<\/strong><\/td><\/tr>
$0<\/td>$50 – $10,000<\/td><\/tr><\/tbody><\/table>\n\n\n\n

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.<\/strong><\/p>\n\n\n\n

Education<\/h2>\n\n\n\n

When it comes to education, City Index offers more educational material. While eToro education is good, City Index offers a more comprehensive educational materials. They offer videos, articles, platform tutorials, a demo account, webinars and more.<\/p>\n\n\n\n
City Index<\/th>eToro<\/th><\/tr><\/thead>
Video Tutorials:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f<\/td><\/tr>
Webinars:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f<\/td><\/tr><\/tbody><\/table>\n\n\n\n

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.<\/strong><\/p>\n\n\n\n

Verdict<\/h2>\n\n\n\n

Is eToro better than City Index? <\/p>\n\n\n\n

We found that eToro is better than City Index. They offer a better trading experience overall – top that with the copy trading capabilities of eToro and you have a winning broker.<\/p>\n\n\n\n

Read more eToro Comparisons:<\/p>\n\n\n\n