CityIndex vs Oanda
CityIndex | OANDA |
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4.4
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4.5
OANDA is #4 in our broker rankings. |
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City Index is an established and award-winning forex, CFD and spread betting broker with top-tier global regulation, including in the UK (FCA) and Australia (ASIC). With 30+ years in the industry, 13,500+ instruments and 24/5 customer support, City Index is a solid pick for aspiring traders. |
OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is authorized by leading regulators, including the CFTC/NFA. Around the clock support is available, alongside flexible contract sizes and automated trade executions. |
CFDs are not available to residents in the United States. | |
Bonus Offer | |
$5,000 welcome bonus with a deposit of $500 | |
Comment by Reviewer | |
"City Index is best for new and intermediate traders looking for a wide selection of assets on user-friendly platforms." | "We recommend OANDA for traders seeking a user-friendly platform with premium market research and a straightforward joining process. OANDA is a particularly good pick for US traders with authorization from local regulators and a secure trading environment." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Stocks, Spreadbetting, Options, CFD, Forex, Crypto | Forex |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$100 | $0 |
Payment Methods | |
Debit card (Visa or Mastercard), Automated Clearing (ACH), bank transfer deposits | |
Minimum Trade | |
0.01 Lots | $0 |
Regulator | |
ASIC, FCA, MAS | CFTC, NFA |
Margin Trading | |
No | Yes |
MetaTrader 4 | |
Yes | Yes |
MetaTrader 5 | |
No | No |
cTrader | |
No | No |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
Yes | Yes |
Autochartist | |
No | Yes |
eSignal | |
No | No |
Trading Central | |
Yes | No |
STP Account | |
Yes | No |
ECN Account | |
No | No |
DMA Account | |
Yes | No |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | No |
Market Maker | |
No | Yes |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
Yes | FxTrade, MT4 |
Auto Trading | |
Automated trading capabilities via MT4 trading platform | EAs |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
Smart Signals | |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
Yes | Yes |
Islamic Account | |
No | No |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
Trade 5,000+ CFDs from a single account with no hidden fees and free live market data. The suite of markets is impressive vs alternatives, including access to shares, indices, commodities and bonds. | CFD trading not offered |
Leverage | |
1:30 (Retail), 1:50 (Accredited Investor), 1:200 (Sophisticated Investor), 1:300 (Wholesale Investor), 1:400 (Professional Trader). Varies with jurisdiction. | 1:30 EU, 1:200 Global |
FTSE Spread | |
1 pt | 1.0 |
GBPUSD Spread | |
0.8 pips | 3.4 |
Oil Spread | |
0.4 | 3.0 |
Stocks Spread | |
Variable | Variable |
Forex Trading | |
Trade a wide selection of 80+ currency pairs with spreads from 0.5 pips and industry-favorite platforms. City Index has 40+ years experience in forex trading with liquidity from tier-one banks. | OANDA offers over 70 forex pairs, more than many alternatives. The broker's in-house platform also offers impressive execution speeds and a suite of advanced charting and analysis tools. |
Forex App | |
The FxTrade app is OANDA’s proprietary forex trading application. One-click trading, historical price history and straightforward account management is available. Traders can speculate on 70 major, minor and exotic currency pairs. The forex app is available to download from the Apple App Store and Google Play. |
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GBPUSD Spread | |
0.8 | 3.4 |
EURUSD Spread | |
0.5 | 1.6 |
EURGBP Spread | |
0.8 | 1.7 |
Assets | |
70 | |
Currency Indices | |
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Cryptocurrency | |
Go long or short on popular digital currencies with ultra-tight spreads and fast order executions. Leverage also allows traders to magnify their purchasing power. | Speculate on the world's biggest cryptos by market cap. Commissions are lower than many peers starting at 0.25%. Users can also trade digital currencies in a few taps through the iOS and Android mobile app. |
Spread | |
BTC 0.5%, ETH 1% | $100 |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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CFDs are not available to residents in the United States. | |
More Comparisons | |
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