ETX Capital vs City Index - Fees Review included
Which broker is better ETX Capital or City Index? Our expert assessment conducted according to TU’s own methodology showed that ETX Capital is one of the top brokers in the financial market with the TU Overall Score of 4.92 out of 10. City Index is one of the top brokers in the financial market with the TU Overall Score of 4.66 out of 10. Find out more about TU Overall Score.
| Feature | ETX Capital | City Index |
|---|---|---|
Overall |
4.3 |
3.9 |
4.8 |
4.5 |
|
4.2 |
4.7 |
|
4.6 |
4.2 |
|
Investment Instruments |
1 |
1 |
Platforms and Charting Tools |
4.2 |
3.7 |
Deposit and Withdrawal |
3.9 |
4.0 |
Research |
3.1 |
4.0 |
Education |
4.6 |
4.5 |
Support |
4.5 |
4.5 |
Bonuses |
2.3 |
3.8 |
ETX Capital vs City Index: Pros and Cons
The brokerage company ETX Capital was founded in 2002 and belongs to the well-known corporation Monecor Limited, which has been operating since 1965. Headquartered in London, the company is regulated by the FCA (UK Financial Conduct Authority). The broker is aimed at cooperation with traders from EU countries. ETX Capital provides a wide range of trading tools, narrow spreads and quality training materials. In 2018, ETX Capital’s own development TraderPro was recognized as the best trading platform according to the UK Forex Awards and Online Personal Wealth Awards.
The City Index broker was founded in 1983 in London. This company allows its clients to engage in active trading and place bets on the spread. City Index is licensed and regulated by the UK’s FSA — UK Financial Services Authority (license number 113942). The broker has received tremendous awards numerous times, including "Best Loyalty Trading Program" (2019), "Best Trading Platform" (2019), and "Best CFD Provider" (2020) while providing financial services
| ETX Capital | City Index | |
|---|---|---|
| Overall Pros | FCA (UK) regulated broker | a vast array of trading instruments |
| 5,000+ markets to trade | both floating and fixed spreads are available to users | |
| There are commission free shares | MetaTrader 4 terminal is provided for trading, as well as a web terminal and mobile applications | |
| high-quality educational materials | ||
| Overall Cons | complex procedure for opening an account, consisting of four stages | the trading platform periodically malfunctions |
| there are no PAMM accounts or investment programs for generating passive income | shortage of deposit/withdrawal methods | |
| a broker can reject an application regarding opening a trading account if the user does not have enough trading experience or his starting capital is not sufficient for trading |
ETX Capital vs City Index: Safety and Regulation
| Regulated By: | ETX Capital | City Index |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
Yes |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
No |
ETX Capital vs City Index: Trading Conditions
| Trading Conditions | ETX Capital | City Index |
|---|---|---|
Minimum Deposit |
$250 |
$100 |
Trading Platforms |
МТ4, ETX TraderPro |
MT4 |
Max Leverage (Futures) |
1-400 |
1-100 |
Supported Markets |
Currencies, indices, stocks, energies, commodities, metals, cryptocurrencies |
Forex, CFDs on stocks, indices, commodities, metals, cryptocurrencies |
Trading assets |
5000+ |
300+ |
Trading Accounts |
Demo, Standard, Premium, Professional |
Real, demo |
Base Account Currencies |
USD, EUR, GBP |
USD, EUR, GBP |
ETX Capital vs City Index: Fees
Forex Trading Fees
| Fee | ETX Capital | City Index |
|---|---|---|
Standard Account EURUSD Average Spread |
0.81 pips |
0.5 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
Not supported |
ECN Account EUR Average Spread |
Not supported |
Not supported |
CFD Trading Fees
| Fee | ETX Capital | City Index |
|---|---|---|
CFD Trading Fee |
Folatin spread. UK, EU shares - 0.1%, US shares 2 cents per share, Singapore - 0.4% |
Floating spread |
Non-Trading Fees
| Fee | ETX Capital | City Index |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
No |
Inactivity Fee |
No |
$15 per month after 24 months of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
ETX Capital vs City Index: Trading Assets
| Asset Name | ETX Capital | City Index |
|---|---|---|
Overall |
5000+ |
300+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
Yes (CFD) |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
ETX Capital or City Index: Investment Programs
| Asset Name | ETX Capital | City Index |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
Bonds |
No |
Trading Platforms: City Index or ETX Capital
| ETX Capital | City Index | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
No |
No |
cTrader |
No |
No |
Appropriate platform |
TraderPro |
No |
Others |
No |
No |
ETX Capital vs City Index: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | ETX Capital | City Index |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
No |
No |
ETX Capital vs City Index: Research
| Research Type | ETX Capital | City Index |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
Yes |
No |
ETX Capital vs City Index: Education
| Education Type | ETX Capital | City Index |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
City Index vs ETX Capital: Support
| Support Features | ETX Capital | City Index |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
FB Messenger |
No |
ETX Capital vs City Index: Forex Bonuses and Promo
| Promo | ETX Capital | City Index |
|---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
Affiliate programs - allow the owners of Forex-themed websites to receive a reward for placing a text link or company banner on their page. |
For each invited client, a trader can receive from $150 to $650 |
Other Promos |
No |
|
Top 5 Reviews on City Index
-
Comment
There is no promised fast fulfillment. Rather, it disappeared after a day of successful trading. Now the execution takes from 3000 to 5000 ms, and the connection has nothing to do with it. Technical support says nonsense intelligible. This practice is used in all kitchens of this type.
-
Comment
These are scammers! Not only is the money withdrawn for a very long time and there are always only replies, but the money also disappears from the account. Apparently, things are really bad in City Index and in this way they are trying to earn money. Do not mess with this broker!
-
Comment
Broker City Index chose in the first place because it is one of the oldest companies that operate in the financial markets. In addition, it is accredited by the FCA, which, unlike some offshore firms, not only collects money for issuing a license, but also exercises strict supervision over the activities of controlled companies. I started trading on the usual Metatrader 4, as I was sure that the author's platforms were not suitable for conducting a full-fledged technical analysis. But for the sake of interest on a demo account, I tried to open a couple of deals on At Pro from City Index specialists. Now I work only on this terminal. Simple interface, many tools. Free trading signals are very helpful.
-
Comment
Look before you leap, but having leapt never look back. It's the same with City Index: there's nothing to do here for beginners. The more assets and settings on trading platforms, the more likely you are to get confused and lose everything. The experienced folks here have something to play with. It is good for gaining experience with different markets, but it is still controversial for constant trading. Let's see how the broker will show itself with the withdrawal of funds.
-
Comment
I'm quite happy with the conditions in the City Index. All the tools are there, there were no questions with the replenishment and withdrawal yet, which is important. I also did not observe any sudden price changes. But there’s a problem with the payment systems... I want more of them. I want updates also - maybe for investment programs, for example. It always gets annoying if the broker doesn’t try to be a better version of itself. I hope that City Index is not the type, but just in case I don’t keep all of my assets here.
Top 5 Reviews on ETX Capital
-
Comment
Unfortunately, etx capital has been closed. Nothing helped them, neither investment nor brand change. And unfortunately, the company refused to pay my money. I can return this money provided that I open an account with Capital.com. But I just wanted to get my money back and no longer work with various dubious brokers. But so far nothing is working.
-
Comment
My account with ETX Capital was suddenly frozen and after weeks of disputes, access was granted, but the balance was zero. Their explanations were unclear; they claimed that my funds were written off as bonuses. I didn’t look further - it immediately became clear that it was some kind of fraud!
-
Comment
I would like to warn everyone against ETX Capital. Believe me, it is better not to test this pseudo-broker. It is not a broker at all, but a scammer. As soon as you make the deposit recommended by managers for successful trading, you simply cease to exist for them. I transferred a considerable amount to ETX Capital and the money disappeared. And my account was blocked.
-
Comment
Unfortunately, I cannot call ETXcapital a normal broker. I opened an account here six months ago, and now I can confidently say that not everything is so simple. The first thing a trader will encounter is requotes and slippages. The second is frequent non-market quotes. ETXcapital withdraws funds, but does not allow trading normally.
-
Comment
How can you trust a company that does as it pleases? I compared quotes from ETX Capital with those of other brokers. They differ significantly. Even quotes on demo and real accounts are different. It raises suspicion that ETX Capital manipulates quotes when necessary. I experienced this - suddenly a quote appeared that simply put my trade in loss. ETX Capital support said everything was normal, that it was okay.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.