City Index
E*TRADE
VS
Higher Rated
City Index
Capital at risk · T&Cs apply
In the comparison between City Index and E*TRADE, the key distinction lies in their market offerings and geographical focus. City Index, with a strong presence in the UK and regulated by the FCA, appeals to traders interested in a broad range of CFDs and forex options, boasting over 13,500 markets and leveraging up to 1:200. In contrast, E*TRADE, primarily US-focused and backed by Morgan Stanley, attracts investors seeking commission-free stock and ETF trading along with a robust options platform, although it lacks forex and CFD trading capabilities. Each broker caters to different trading needs, with City Index favouring those interested in global CFD trading and E*TRADE suiting investors focused on US markets and stock trading.
City Index
E*TRADE
| City Index | E*TRADE | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.6/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0.5 pips | 0 pips ✓ |
| Max Leverage | 1:200 ✓ | 1:4 |
| Regulation | FCA, ASIC, MAS ✓ | SEC, CFTC |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | Proprietary Web, Proprietary Mobile |
City Index is the better choice overall, scoring 4.1/5 vs 3.6/5 on BrokerRank's independent rating. On fees, E*TRADE offers lower spreads (0 pips).
See full side-by-side comparison belowCity Index
WinnerE*TRADE
City Index
E*TRADE
Lower fees
City Index
4.1/5
Choose City Index if you want…
E*TRADE
3.6/5
Choose E*TRADE if you want…
City Index scores higher overall on our independent rating system. City Index holds a 4.1/5 rating vs E*TRADE's 3.6/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
City Index offers spreads from 0.5 pips, while E*TRADE starts at 0 pips. Check the fees section above for a full breakdown.
City Index requires a minimum deposit of $0. E*TRADE requires $0.
City Index is regulated by FCA, ASIC, MAS, while E*TRADE holds licences from SEC, CFTC.
City Index supports Proprietary Web, Proprietary Mobile, MT4. E*TRADE supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.