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Tastyworks vs City Index

Tastyworks or City Index – which is better for UK traders 2024? Compare Tastyworks and City Index in this detailed breakdown of their platforms, features and fees.

Tastyworks vs City Index Comparison Table 2024
Tastyworks	City Index

3	4.4
Tastyworks is ranked #111 among UK brokers.	City Index is ranked #18 among CFD brokers.
Review	Review
tastytrade is an award-winning brokerage, launched in 2017. The brand specializes in futures, options and stock trading with US and Australian regulatory oversight. The proprietary trading interface, designed by the creators of Thinkorswim, is powerful with plenty of integrated tools to suit active traders.	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.
	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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
Transparent pricing model including a $1 commission on stocks and ETF options, with maximum limits per leg for some assets Wide range of asset classes including options, futures, stocks, ETFs and indices with the majority available to trade 24/5 Good choice of account types suitable for various investment goals including IRAs and individual/joint trading accounts Powerful proprietary platform with detailed insights, real-time trading videos, and order adjustment features Excellent regulatory oversight from FINRA, NFA and ASIC with SIPC insurance for US clients	Thousands of instruments including thematic indices and interest rates that are not available at many alternatives Industry-leading platforms including MT4, plus access to cutting-edge third-party tools like TradingView Excellent reputation with over 1 million account holders and tier-one regulatory oversight Tight spreads from 0.5 pips on EUR/USD and competitive commissions on CFD shares A free demo account with unrestricted access to all markets and trading tools Extended hours trading on 70+ popular shares including Amazon and Tesla No minimum deposit to get started
Cons
Less suitable for beginners with no demo account and basic educational resources Narrow range of instruments with no forex trading No credit/debit card payments USD base currency only No 529 plan	Cryptocurrency trading not available in all locations No Islamic account for Muslim traders $15 monthly inactivity fee US traders not accepted
FCA Regulated
No List of FCA Regulated Brokers	Yes
Instruments
Stocks, ETFs, Cryptos, Futures, Options	CFDs, Forex, Stocks, Options, Commodities, Bonds
Demo Account
No	Yes
Minimum Deposit
$0	$0
Payment Methods
ACH Transfer Wire Transfer	Credit Cards Debit Card Mastercard PayNow PayPal Visa Wire Transfer
Minimum Trade
	0.01 Lots
Regulator
SEC, FINRA	ASIC, FCA, MAS
Mobile Apps
iOS & Android	Yes
iOS App Rating
	3.8
Android App Rating
	2.8
Margin Trading
Yes	No
Margin Rate
	2.5%
MetaTrader 4
No	Yes
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	No
eSignal
No	No
Trading Central
No	Yes
STP Account
No	Yes
ECN Account
No	No
DMA Account
No	Yes
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
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
	Expert Advisors (EAs) on MetaTrader
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
Yes	No
Guaranteed Stop Loss
No	Yes
Inactivity Fee
	£12
Islamic Account
No	No
Account Currencies
	USD EUR GBP AUD CZK
Commodities
	Gold Oil Silver Copper Livestock Platinum Natural Gas Soybeans Nickel Iron Orange Juice Cannabis
CFD
	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.
Leverage
	1:30 (Retail), 1:50 (Accredited Investor), 1:200 (Sophisticated Investor), 1:300 (Wholesale Investor), 1:400 (Professional Trader). Varies with jurisdiction.
FTSE Spread
	1 pt
GBPUSD Spread<
	0.8 pips
Oil Spread
	0.4
Stocks Spread
	Variable
Forex
	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.
Assets
	84
GBPUSD Spread
	0.8
EURUSD Spread
	0.5
EURGBP Spread
	0.8
Currency Indices
	USD
Cryptocurrency
tastytrade offers a small selection of cryptocurrencies, available to trade as long positions only. This includes Bitcoin, Ethereum, Litecoin and Dogecoin. But with a narrow suite of digital currencies, it isn't the best pick for high-volume crypto traders.	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.
Spread
Variable	BTC 0.5%, ETH 1%
Coins
BTC ETH LTC DOGE	BCH BTC ETH LTC XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Tastyworks	City Index
Review	Review
	CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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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