City Index vs Eightcap
City Index or Eightcap – which is better for UK traders 2025? Compare City Index and Eightcap in this detailed breakdown of their platforms, features and fees.
| City Index | Eightcap |
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| City Index is ranked #18 among CFD brokers. | Eightcap is ranked #9 among CFD brokers. |
| Established in 1983 and now a part of the Nasdaq-listed StoneX Group, City Index is a renowned and award-winning broker specializing in forex, CFDs, and spread betting. Offering over 13,500 instruments, an evolving Web Trader platform, top-tier educational resources, and 24/5 customer support, City Index delivers a comprehensive trading experience. | Eightcap is an award-winning, FCA-regulated broker offering industry-low trading fees. They are also the highest-rated brand by TradingView’s 100 million-strong users, who can trade directly on the platform. UK traders can sign up for a live account with an accessible £100 minimum deposit. |
| CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| Yes | Yes |
| Instruments | |
| CFDs, Forex, Stocks, Indices, Commodities, Crypto, Futures, Options, Bonds, Interest Rates,ETFs,Spread Betting | CFDs, Forex, Stocks, Indices, Commodities |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | £100 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| FCA, ASIC, CySEC, MAS | ASIC, FCA, CySEC, SCB |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| Trading App | |
The City Index app offers a user-friendly mobile trading experience with bespoke features like one-swipe trading. What’s also neat is the full-screen TradingView charts with 60+ technical indicators to plan your next move, while you can stay ahead with real-time price alerts and notifications. Additionally, Performance Analytics tools, added in 2024, provide insights into your trading metrics, helping you refine your trading strategies. |
Eightcap supports the MT4, MT5 and TradingView apps (the only FCA regulated broker offering TradingView), catering to mobile traders looking for advanced charting tools. While we don’t love the increasingly outdated design of the MetaTrader suite, its dozens of technical indicators and drawing tools, multiple charting styles, and straightforward overlays in horizontal mode are excellent. The push notifications and active social network on the TradingView app are also valuable additions for aspiring traders and Eightcap has published helpful videos on connecting TradingView accounts to iOS and Android devices. |
| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| No | Yes |
| Margin Rate | |
| 2.5% | |
| MetaTrader 4 | |
| Yes | No |
| MetaTrader 5 | |
| No | Yes |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| Yes | Yes |
| Autochartist | |
| No | No |
| eSignal | |
| No | No |
| Trading Central | |
| Yes | No |
| STP Account | |
| No | No |
| ECN Account | |
| No | Yes |
| DMA Account | |
| No | No |
| MAM Account | |
| No | Yes |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| Yes | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | Yes |
| Market Maker | |
| Yes | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | TradingView Bots |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | Yes |
| Trade Signals | |
| SMART Signals | Yes |
| VPS Hosting | |
| No | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| Yes | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| Yes | No |
| Inactivity Fee | |
| £12 | $0 |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| City Index has one of the most extensive suite of CFDs we’ve seen, providing short-term trading opportunities on diverse assets, sectors and regions. Its ‘Trade Ideas’ also excel for active traders looking for information to inform decisions while the Web Trader boasts extensive charting capabilities with 90+ technical indicators. | Eightcap offers a wide range of trading options with 800+ CFDs across stocks, indices, bonds, commodities, and cryptocurrencies (depending on location), with leverage up to 1:30/1:500. It excels in its tools, notably the AI-enabled economic calendar covering 25+ countries with impact filters (high, medium, low). However, its commodities offering, particularly in softs like cotton and wheat, as well as the limited precious metal and energy assets, is its weakest area. |
| Leverage | |
| 1:30 | 1:30 |
| FTSE Spread | |
| 1.0 | 1.2 |
| GBPUSD Spread< | |
| 1.1 | 0.1 |
| Oil Spread | |
| 1.5 | 0.03 |
| Stocks Spread | |
| Variable | 0.03 (Apple Inc) |
| Forex | |
| City Index is one of the most trusted forex brokers, providing an above-average selection of 80+ currency pairs alongside tight spreads from 0.7 pips, trading alerts, and terrific insights into FX markets, with 99.99% of trades successfully executed. | Eightcap offers 50+ currency pairs in line with the industry average but trailing category leaders like CMC Markets with its 300+ currency pairs. However, Eightcap stands out with institutional-level spreads from 0.0 pips on major pairs like the EUR/USD, alongside low $3.50/side commissions. The broker also offers rich forex data to inform trading decisions, including key fundamentals, bullish/bearish indicators and a calendar that tracks key events in the foreign exchange market. |
| Assets | |
| 84 | 50+ |
| GBPUSD Spread | |
| 1.1 | 0.1 |
| EURUSD Spread | |
| 0.8 | 0.0 |
| EURGBP Spread | |
| 1.0 | 0.1 |
| Currency Indices | |
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| City Index | Eightcap |
| CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | |
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