Eightcap vs City Index: Which One Is Best?

2. Better Trading Platform – Eightcap

Eightcap and City Index provide advanced forex trading platforms with real-time data, charting tools, and fast execution. Their user-friendly interfaces, customization, and security enhance trading. Features like automated and social trading, plus diverse financial instruments, help traders make informed decisions, making both platforms strong choices for efficient trading.

In forex trading, choosing the right broker is vital for achieving success. Two prominent brokers, Eightcap and City Index, both offer competitive spreads, low fees, advanced trading platforms, and strong customer support. They provide the well-regarded MetaTrader 4 and 5, which are both user-friendly and feature-rich. However, Eightcap distinguishes itself with added tools like Capitalise.ai for algorithmic trading and FX Blue Labs for enhanced widgets, making it the superior choice for traders who demand a comprehensive trading experience.

We have created a software questionnaire if you are unsure what platform best suits your trading style. Based on six simple questions, we can recommend the best trading software for your trading needs.

MetaTrader

Eightcap provides access to both MetaTrader 4 and MetaTrader 5, renowned platforms celebrated for their sophisticated charting tools and automation capabilities. In contrast, City Index only offers MetaTrader 4. This distinction gives Eightcap a significant advantage for traders seeking the superior features of MetaTrader 5.

Advanced Platforms

While neither Eightcap nor City Index includes cTrader in their offerings, both brokers grant access to TradingView, a formidable charting and trading platform. Additionally, Eightcap supports Capitalise.ai for algorithmic trading, a feature unavailable with City Index. This valuable tool can greatly assist traders aiming to automate their strategies.

Copy Trading

Eightcap and City Index both provide MetaTrader Signals for social and copy trading, enabling traders to replicate the strategies of seasoned professionals. This feature simplifies the trading journey for beginners, allowing them to learn from the experts. Furthermore, Eightcap offers complimentary VPS hosting for eligible clients, a valuable asset for those employing Expert Advisors (EAs) or algorithmic trading methods.

Both Eightcap and City Index excel in providing exceptional features and platforms for forex trading. Eightcap stands out with its support for both MetaTrader 4 and 5, complemented by innovative tools such as Capitalise.ai and complimentary VPS hosting, resulting in a more all-encompassing trading experience. On the other hand, City Index offers a robust platform featuring MetaTrader 4 and TradingView but falls short in terms of advanced tools available with Eightcap. As we observe significant fluctuations in the forex market, particularly with the EUR, AUD, USD, and GBP, selecting the right broker can profoundly impact your trading accomplishments. Our research indicates that Eightcap emerges as the premier choice for traders seeking enhanced tools and an expansive trading experience, while City Index is a reliable option for those who prioritize simplicity and dependability.

Our Better Trading Platform Verdict

Remarkably, Eightcap outshines the contender in this category due to their better trading platform.

City Index ReviewVisit City Index

*Your capital is at risk ‘70% of retail CFD accounts lose money’

3. Superior Accounts And Features – City Index

Choosing a forex broker with top-tier features enhances trading. Eightcap and City Index provide tailored accounts with competitive spreads, low commissions, and advanced tools. They offer demo accounts, swap-free options, and various financial instruments. Features like automated trading, social trading, and excellent customer support improve efficiency and build trust, making both brokers appealing for traders.

In the realm of forex trading, choosing the right broker is vital to achieving success. Two leading brokers, Eightcap and City Index, stand out with their competitive spreads, low fees, advanced trading platforms, and excellent customer support. Eightcap presents traders with two account options: the Standard Account, which features zero-commission trading at slightly wider spreads, and the Raw Account, which offers tighter spreads with a commission charged per lot. In contrast, City Index simplifies the process by providing a single account type that boasts competitive spreads and no commissions, complemented by a demo account for newcomers to hone their trading strategies effectively.

Features and Platforms

Both brokers offer a range of features and platforms to cater to different types of traders. Here’s a breakdown of their offerings:
Eightcap:

• Standard Account: Zero commission trading with slightly higher spreads
• Raw Account: Lower spreads with a commission per lot
• MetaTrader 4 and 5
• Capitalise.ai for algorithmic trading
• FX Blue Labs for extra widgets

City Index:

• Single Account: Competitive spreads and no commissions
• Demo Account: For beginners to practice trading strategies
• MetaTrader 4
• Proprietary platform
• Spread betting (UK)

Both Eightcap and City Index excel in providing exceptional features and platforms for forex trading. Eightcap’s two account types deliver impressive flexibility for traders, while City Index’s singular account type, with its competitive spreads and zero commissions, stands out as a top choice for beginners. Current forex trading trends indicate substantial movements in EUR, AUD, USD, and GBP, proving that selecting the right broker is crucial for trading success. Our research clearly identifies Eightcap as the premier broker for those seeking flexibility and advanced tools, while City Index is an excellent platform for traders who value simplicity and reliability.

Our Superior Accounts and Features Verdict

Obviously, City Index takes the crown in this segment owing to their superior accounts and features.

City Index ReviewVisit City Index

*Your capital is at risk ‘70% of retail CFD accounts lose money’

4. Best Trading Experience And Ease – A Tie

A smooth trading experience is crucial for success in forex trading, and Eightcap and City Index provide features to enhance performance. With advanced platforms, fast execution, and competitive spreads, traders can make informed decisions quickly. Reliable support resolves issues promptly, while a user-friendly interface and educational materials enhance accessibility. These features make trading enjoyable and profitable for both beginners and experienced traders.

In forex trading, choosing the right broker is essential for success. Eightcap and City Index are two leading brokers that offer competitive spreads, low fees, advanced trading platforms, and exceptional customer support. Both provide the highly regarded MetaTrader 4, known for its user-friendly interface and rich features. However, Eightcap distinguishes itself with additional tools such as Capitalise.ai for algorithmic trading and FX Blue Labs for enhanced widgets. This makes Eightcap the superior choice for traders looking for a comprehensive trading experience.

Features and Platforms

Both brokers offer a range of features and platforms to cater to different types of traders. Here’s a breakdown of their offerings:

Eightcap:

• MetaTrader 4 and 5
• Capitalise.ai for algorithmic trading
• FX Blue Labs for extra widgets
• Standard Account: Zero commission trading with slightly higher spreads
• Raw Account: Lower spreads with a commission per lot

City Index:

• MetaTrader 4
• Proprietary platform
• Single Account: Competitive spreads and no commissions
• Demo Account: For beginners to practice trading strategies

Both Eightcap and City Index stand out with their exceptional features and platforms for forex trading. Eightcap’s advanced tools, such as Capitalise.ai and FX Blue Labs, deliver a superior trading experience, while City Index impresses with its single account type that boasts competitive spreads and zero commissions, making it a top choice for beginners. Given the latest forex trading trends highlighting significant movements in EUR, AUD, USD, and GBP, selecting the right broker is pivotal for your trading success. Our thorough research clearly positions Eightcap as the premier choice for traders who value advanced tools and a holistic trading experience, while City Index remains an excellent platform for those who prioritize simplicity and dependability.

Our Best Trading Experience and Ease Verdict

It’s a draw for both Eightcap and City Index by reason of their best trading experience and ease.

View Eightcap ReviewVisit Eightcap

*Your capital is at risk ‘73% of retail CFD accounts lose money’

5. Stronger Trust And Regulation – City Index

Trust and regulation are crucial when selecting a forex broker. Regulated brokers like Eightcap and City Index adhere to strict standards, ensuring transparency and trader protection from fraud. This oversight builds trust and encourages market participation. A strong regulatory framework boosts a broker’s reputation and client base, ensuring reliability. By complying with top financial authorities, Eightcap and City Index offer a secure environment for forex traders.

Selecting the right broker is essential for success in forex trading, and both Eightcap and City Index offer excellent options. They provide competitive spreads, low fees, advanced trading platforms, and robust customer support. While both brokers feature MetaTrader 4 for a user-friendly experience, Eightcap distinguishes itself with innovative tools like Capitalise.ai for algorithmic trading and FX Blue Labs for added functionality. This makes Eightcap the superior choice for traders looking for a comprehensive trading experience.

City Index Trust Score

Trust Score

0

regulation

0

reputation

0

reviews

0

Eightcap Trust Score

Trust Score

0

regulation

0

reputation

0

reviews

0

Looks like both brokers have some pretty solid trust scores, but is that really enough to call them competitive? I think we should dig deeper and check out their features and platforms to see if they actually stack up in the forex trading scene.

Trust and Regulation

Trust and regulation serve as the fundamental pillars of a secure and transparent trading environment, enabling traders to confidently engage with the forex market. Eightcap is regulated by both the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). In contrast, City Index enjoys regulation from the Financial Conduct Authority (FCA) in the UK, the Monetary Authority of Singapore (MAS), and ASIC. Below is a detailed overview of their regulatory standings:

Eightcap:

• ASIC (Australia)
• VFSC (Vanuatu)
• SCB (Bahamas)

City Index:

• FCA (UK)
• MAS (Singapore)
• ASIC (Australia)

Both Eightcap and City Index present outstanding features and platforms for forex trading. Eightcap enhances the trading experience with innovative tools like Capitalise.ai and FX Blue Labs, while City Index boasts a strong regulatory framework that guarantees a secure trading environment. As recent forex trading trends indicate significant fluctuations in EUR, AUD, USD, and GBP, selecting the right broker can greatly impact your trading success. Our research suggests that Eightcap is the ideal choice for traders seeking advanced tools and a well-rounded trading experience, whereas City Index is perfect for those who value reliability and regulation.

Our Stronger Trust and Regulation Verdict

It is clear here that City Index rules the roost in this segment this is due to their stronger trust and regulation.

City Index ReviewVisit City Index

*Your capital is at risk ‘70% of retail CFD accounts lose money’

6. Most Popular Broker – Eightcap

Eightcap gets searched on Google more than City Index. On average, Eightcap sees around 40,500 branded searches each month, while City Index gets about 9,900 — that’s 75% fewer.

Country	Eightcap	City Index
Thailand	9,900	40
Canada	2,400	50
Australia	2,400	1,000
United States	1,900	390
United Kingdom	1,600	4,400
India	1,300	590
Germany	1,000	140
Brazil	1,000	40
Malaysia	880	110
Spain	720	50
France	720	70
Colombia	720	20
Italy	590	50
Argentina	590	10
Indonesia	590	90
South Africa	480	90
Netherlands	480	40
Singapore	390	720
Nigeria	390	70
Mexico	320	10
Sweden	320	40
Pakistan	320	40
Dominican Republic	320	10
Poland	260	90
Portugal	210	30
Philippines	210	30
United Arab Emirates	210	40
Morocco	210	20
New Zealand	210	10
Switzerland	170	30
Hong Kong	170	40
Kenya	170	30
Vietnam	170	40
Japan	140	90
Austria	140	10
Taiwan	140	50
Peru	140	10
Bangladesh	140	20
Chile	140	10
Turkey	110	50
Ireland	110	30
Algeria	110	10
Ecuador	110	10
Venezuela	110	10
Cyprus	90	20
Egypt	90	20
Greece	90	20
Cambodia	90	10
Uzbekistan	90	10
Ghana	70	10
Saudi Arabia	70	20
Uganda	70	10
Mongolia	70	10
Sri Lanka	50	10
Jordan	30	10
Tanzania	30	10
Costa Rica	30	10
Ethiopia	30	10
Bolivia	30	10
Botswana	30	10
Mauritius	20	10
Panama	20	10

2024 Monthly Searches For Each Brand

Eightcap - Thailand	9,900 1st
City Index - Thailand	40 2nd
Eightcap - Canada	2,400 3rd
City Index - Canada	50 4th
Eightcap - Australia	2,400 5th
City Index - Australia	1,000 6th
Eightcap - UK	1,600 7th
City Index - UK	4,400 8th

load full table

Similarweb shows a similar story when it comes to February 2024 website visits with Eightcap receiving 259,000 visits vs. 216,000 for City Index.

Our Most Popular Broker Verdict

Eightcap is the more popular broker worldwide based on the number of Google branded searches and visits to the website.

View Eightcap ReviewVisit Eightcap

*Your capital is at risk ‘73% of retail CFD accounts lose money’

7. Top Product Range And CFD Markets – City Index

Access to diverse products and extensive CFD markets is crucial in forex trading. Eightcap and City Index provide a wide selection of instruments—forex pairs, commodities, indices, and cryptocurrencies—allowing traders to diversify portfolios. This broad asset selection creates more trading opportunities for both short-term and long-term strategies, supported by efficient platforms and competitive offerings.

When it comes to forex trading, selecting the right broker is paramount for success. Eightcap and City Index stand out in the market, both offering competitive spreads, low fees, and advanced trading platforms accompanied by excellent customer support. They both provide MetaTrader 4, a user-friendly platform packed with features. However, Eightcap clearly distinguishes itself with additional tools like Capitalise.ai for algorithmic trading and FX Blue Labs for enhanced widgets. This makes Eightcap the preferred choice for traders seeking a comprehensive trading experience.

Product Range and CFD Markets

A diverse product range and extensive CFD market offerings empower seasoned and beginner traders to capitalize on various market conditions, enhancing their trading opportunities and potential for success. Here’s a breakdown of their offerings:

Eightcap:

• Forex Pairs: 56
• Indices: 16
• Commodities: 8
• Cryptocurrencies: 95
• Share CFDs: 586

City Index:

• Forex Pairs: 84
• Indices: 40+
• Commodities: 6 Metals, 8 Energies, 13 Softs
• Cryptocurrencies: 5+
• Share CFDs: 4700+
• ETFs: 4
• Bonds: 11
• Treasuries: 11

Both Eightcap and City Index stand out for their exceptional features and platforms tailored for forex trading. Eightcap excels with its extensive cryptocurrency offerings and innovative tools like Capitalise.ai and FX Blue Labs, delivering a richer trading experience. Conversely, City Index boasts a more diverse product range, including a robust selection of share CFDs, ETFs, and bonds, making it an appealing option for traders seeking variety. As the latest forex trading trends reveal significant movements across EUR, AUD, USD, and GBP, selecting the right broker is crucial for achieving trading success. Our research clearly indicates that City Index holds a slight edge over Eightcap in terms of diversity and available options for traders.

Our Top Product Range and CFD Markets Verdict

Clearly, City Index brings home the medal in this portion this is due to their top product range and CFD markets.

City Index ReviewVisit City Index

*Your capital is at risk ‘70% of retail CFD accounts lose money’

8. Superior Educational Resources – Eightcap

Access to quality educational resources is crucial in forex trading. Eightcap and City Index offer valuable materials like webinars, articles, and courses, helping traders enhance their skills and confidence. A solid educational foundation enables informed decisions and adaptation to market changes, fostering continuous growth and success for traders of all levels.

In forex trading, choosing the right broker is vital for achieving success. Eightcap and City Index are two strong contenders, both offering competitive spreads, low fees, advanced trading platforms, and exceptional customer support. They both provide MetaTrader 4, a user-friendly platform rich in features. However, Eightcap distinctly excels with additional tools like Capitalise.ai for algorithmic trading and FX Blue Labs for added widgets. This makes Eightcap the clear choice for traders looking for a comprehensive trading experience.

Superior Educational Resources

Superior educational resources empower traders with the knowledge and skills needed to navigate the forex market confidently and make informed decisions that lead to long-term success. Here’s a breakdown of their offerings:

Eightcap:

• Webinars: Regularly hosts webinars to keep traders informed.
• Tutorials: Offers a range of tutorials for both beginners and advanced traders.
• E-books: Provides comprehensive e-books covering various trading topics.
• Market Analysis: Delivers daily market analysis to help traders make informed decisions.
• Trading Tools: Equips traders with advanced tools to enhance their trading experience.
• Customer Support: Dedicated support team available to assist with educational queries.

City Index:

• Webinars: Conducts webinars frequently to educate its users.
• Tutorials: Comprehensive tutorials available for all levels of traders.
• E-books: A vast collection of e-books on different trading aspects.
• Market Analysis: Regular market insights to guide traders.
• Trading Tools: Provides a suite of tools for effective trading.
• Customer Support: Robust support system to address educational concerns.

Both Eightcap and City Index excel in offering outstanding features and platforms for forex trading. Eightcap’s additional tools, such as Capitalise.ai and FX Blue Labs, deliver a comprehensive trading experience that sets it apart. Meanwhile, City Index’s robust educational resources make it a solid choice for those prioritizing quality education. As the latest forex trading trends reveal substantial movements in EUR, AUD, USD, and GBP, the right broker can significantly impact your trading success. Our research clearly indicates that Eightcap excels in educational resources, confirming it as the superior choice for traders focused on quality educational content.

Our Superior Educational Resources Verdict

We can easily surmise here that Eightcap steals the show this is due to their superior educational resources.

View Eightcap ReviewVisit Eightcap

*Your capital is at risk ‘73% of retail CFD accounts lose money’

9. Superior Customer Service – City Index

Top-tier customer support is crucial in forex trading. Eightcap and City Index prioritize trader satisfaction with 24/5 live chat, phone, and email support, including multilingual help. Efficient customer service smooths operations and builds trust, benefiting both beginners and experienced traders in the fast-paced forex market.

In forex trading, choosing the right broker is essential for success. Eightcap and City Index are both strong contenders, offering competitive spreads, low fees, advanced trading platforms, and excellent customer support. They both feature MetaTrader 4, a user-friendly and feature-rich platform. However, Eightcap distinguishes itself with additional tools such as Capitalise.ai for algorithmic trading and FX Blue Labs for enhancing trading functionality. For traders seeking a comprehensive and innovative trading experience, Eightcap is the clear choice.

Superior Customer Service

Superior customer service in forex trading ensures that traders receive timely support and guidance, fostering a seamless and confident trading experience. Both Eightcap and City Index offer excellent customer service. Eightcap provides 24/5 customer support via live chat, email, and phone, while City Index also offers 24/5 customer support through the same channels. Additionally, City Index provides comprehensive educational resources and market analysis to further assist traders. Here’s a breakdown of their support features:

Eightcap:

• Live Chat Support: Yes
• Email Support: Yes
• Phone Support: Yes
• Support Hours: 24/7
• Multilingual Support: Yes

City Index:

• Live Chat Support: Yes
• Email Support: Yes
• Phone Support: Yes
• Support Hours: 24/5
• Multilingual Support: Yes

Both Eightcap and City Index excel in providing outstanding features and platforms for forex trading. Eightcap stands out with its additional tools like Capitalise.ai and FX Blue Labs, delivering a comprehensive trading experience. Conversely, City Index’s robust educational resources and market analysis make it an appealing choice for traders who value quality support. With recent forex trading trends indicating significant movements in EUR, AUD, USD, and GBP, selecting the right broker is crucial for trading success. Our research clearly identifies Eightcap as the preferred broker for those seeking advanced tools and exceptional customer service, while City Index is the ideal platform for traders who prioritize education and market insights.

Our Superior Customer Service Verdict

City Index is having its moment in the spotlight  owing it to their superior customer services.

City Index ReviewVisit City Index

*Your capital is at risk ‘70% of retail CFD accounts lose money’

10. Better Funding Options – City Index

Seamless funding options in forex trading are crucial. Eightcap and City Index provide various deposit and withdrawal methods, including bank transfers, credit/debit cards, and digital wallets like PayPal, Skrill, and Neteller. Some brokers even allow cryptocurrency transactions. Low or zero fees and fast, secure processing enhance the trading experience, allowing traders to focus on market opportunities.

Selecting the right broker is essential for success in forex trading. Eightcap and City Index are two strong contenders, offering competitive spreads, low fees, advanced trading platforms, and excellent customer support. Both provide the user-friendly MetaTrader 4, which is feature-rich. However, Eightcap distinguishes itself with valuable tools like Capitalise.ai for algorithmic trading and FX Blue Labs for enhanced widgets. This makes Eightcap the preferred choice for traders aiming for a comprehensive trading experience.Trading Instruments

Better Funding Options

Better funding options in forex trading provide traders with the flexibility and convenience they need to manage their accounts efficiently. Both Eightcap and City Index offer a variety of payment methods, including credit cards, debit cards, and bank transfers. Eightcap also accepts e-wallet payments such as Skrill and Neteller, while City Index supports PayPal. Here’s a breakdown of their funding options:

Eightcap:

• Credit Card
• Debit Card
• Bank Transfer
• Skrill
• Neteller
• Crypto
• POLi / bPay

City Index:

• Credit Card
• Debit Card
• Bank Transfer
• PayPal
• Crypto

Both Eightcap and City Index deliver exceptional features and platforms for forex trading. Eightcap stands out with its advanced tools such as Capitalise.ai and FX Blue Labs, elevating the trading experience significantly. Concurrently, City Index impresses with its extensive array of trading instruments—including forex, indices, shares, commodities, and cryptocurrencies—making it a formidable contender. As current forex trading trends indicate notable movements in EUR, AUD, USD, and GBP, selecting the right broker is crucial for achieving trading success. Based on our thorough research, Eightcap is the clear choice for traders in pursuit of advanced tools and comprehensive funding options, while City Index is a strong platform for those focused on a diverse range of trading instruments.

Our Better Funding Options Verdict

Indisputably, City Index is on top of the world right now by reason of their better funding options.

City Index ReviewVisit City Index

*Your capital is at risk ‘70% of retail CFD accounts lose money’

11. Lower Minimum Deposit – City Index

A lower minimum deposit in forex trading is crucial for beginners or those with limited capital, making the market more accessible. Eightcap and City Index offer competitive entry points, allowing traders to start small and explore opportunities. This inclusivity helps traders gain experience and refine strategies with minimal upfront risk, facilitating a smoother trading journey.

When it comes to forex trading, selecting the right broker is critical for achieving success. Two excellent options, Eightcap and City Index, provide competitive spreads, low fees, advanced trading platforms, and strong customer support. Both brokers offer the user-friendly and feature-rich MetaTrader 4. However, Eightcap clearly outshines with its unique tools like Capitalise.ai for algorithmic trading and FX Blue Labs for additional widgets. This positions Eightcap as the go-to choice for traders who are looking for a comprehensive trading experience.

Minimum Deposit

A lower minimum deposit in forex trading opens the door for more traders to participate, making the market accessible and inclusive for everyone, regardless of their financial background. City Index has a lower minimum deposit of $0 compared to Eightcap’s $100 minimum. However, if you deposit via bank transfer or card with City Index, a higher amount is required. Here’s a breakdown of their minimum deposit requirements:

City Index:

• Credit Card / Debit Card: £100 / $100 / €100 / $150
• PayPal: £50 / $50 / €50 / $150
• Bank Wire: £0 / $0 / €0 / $150

Eightcap:

• Credit Card / Debit Card: £100 / $100 / €100 / $100
• Bank Wire: £100 / $100 / €100 / $100
• Skrill: $100 / €100
• Neteller: $100 / €100

The table shows amounts by region and payment method.

Eightcap requires a $100 account minimum, applicable only to specific payment methods.

City Index offers a $0 minimum deposit, but this is only applicable for bank transfers.

Both Eightcap and City Index excel in offering robust features and platforms for forex trading. Eightcap’s innovative tools, such as Capitalise.ai and FX Blue Labs, elevate the trading experience to a comprehensive level. Meanwhile, City Index’s remarkable $0 minimum deposit makes it highly accessible for traders. With current forex trading trends indicating significant movements in EUR, AUD, USD, and GBP, selecting the right broker is pivotal to your trading success. Based on our thorough research, City Index stands out in the lower minimum deposit category, positioning it as an excellent choice for traders eager to start with smaller investments.

Our Lower Minimum Deposit Verdict

Unquestionably, City Index is having its day in the sun due to outperforming the challenger thanks to their lower minimum deposit.

City Index ReviewVisit City Index

*Your capital is at risk ‘70% of retail CFD accounts lose money’

Is City Index or Eightcap The Best Broker?

City Index ranks highest in almost all categories this is because it excels in their offering of a comprehensive trading experience for its users. The table below summarises the key information leading to this verdict:

City Index: Best For Beginner Traders

City Index is the preferred choice for beginner traders due to its comprehensive educational resources and user-friendly platform.

Eightcap: Best For Experienced Traders

Eightcap stands out for experienced traders, offering competitive spreads and a robust trading platform.