City Index Alternatives: How It Compares for 2024
This alternatives to City Index guide has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to City Index to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to City Index like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, features to their clients. If you feel that City Index is not quite right for you then it would be worth getting a demo account with a range of the best City Index alternatives and ensuring that they are a better fit for you before moving any money around.
The most in depth review of City Index alternatives on the web
There are many reasons City Index may not be a good fit for you. For whatever reason you are looking for the top City Index alternative or City Index competitor with better services, we try to give you as much helpful information so you can make an informed decision. Below you will find the top City Index alternatives.
For each of the below alternative to City Index, we also highlight the key differences to City Index and for each section show you the best competitors. For every City Index alternative online broker shown we also have detailed broker reviews and guides that you can easily click to view elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unhappy with City Index, discover some great alternative brokeragesbrokers|online trading platforms|brokerages.
Using a reputable and dependable broker is vital to your trading success. All of the City Index alternative brokers listed in this City Index alternatives guide have good reputations and can fit what you are looking for.
Alternatives With Lower Minimum Deposit
City Index has a minimum desposit of $25, you can check how the minimum deposit requirements of City Index compare with the minimum deposit requirements of City Index competitors. Brokers often offer lower minimum deposits to get users to test them out, but having higher a minimum deposit isn’t necessarily a bad thing, it all depends on your individual trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
City Index |
$25 | |
| freetrade |
$0 | |
| easyMarkets |
$100 | |
| Uphold |
$1 | |
| IC Markets |
$200 |
Alternatives Offering Demo Accounts
City Index offers virtual portfolio accounts so you can test your trading strategies before risking any real capital. Inexperienced traders can open a virtual portfolio account in order to better understand the areas of Forex trading and test out some of the company’s features before signing up for a live account.
Below we detail some of the best alternatives to City Index that have demo accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
City Index |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
City Index offers negative balance protection. It's specially offered while the market volatility keeps customers from allowing their account go into the red. In a situation like this, City Index provides the ability to reset a clients account balance to zero.
You can go through the important conditions on City Index's website to comprehend their policies.
Below we show some of the best alternatives to City Index that offer negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
City Index |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
City Index provide a guaranteed Stop Loss order.
If there is no free margin left with the customer, City Index will cease your own positions. When the losses in the ceased out position exceeds your account balance, you might experience a negative account balance.
Below we detail some of the best City Index alternatives that has guaranteed stop loss available for their clients.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
City Index |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
No, the terms and conditions of City Index don't condone scalping. It is a trading technique which isn't allowed on the agent's platform. You should refer to City Index's terms and conditions to read more about its policies.
Below we detail some of the best alternatives to City Index that offer scalping functionality to their customers.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
City Index |
||
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
The stipulations of City Index do not allow hedging. It is a trading technique that isn't permitted on the broker's platform. You can consult with City Index's provisions and conditions to read more about its own policies.
Below we detail some of the best alternatives to City Index that allow hedging services to their client base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
City Index |
||
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, City Index offers social trading which encompasses leading traders sharing their knowledge with the community. Which stocks they are following, what stocks to buy, and what stocks to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. It is a more independent version of copy trading.
Below we detail some of the top alternatives to City Index that offer social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
City Index |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, City Index offers copy trading which gives access to leading traders sharing their knowledge with the community. Which stocks they are following, what stocks to buy, and what stocks to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of social trading.
Below we show some of the best alternatives to City Index that allow copy trading to their customers
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
City Index |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare City Index To All Other Brokers