Written by ForexBrokers.com
In this head to head comparison of City Index vs Eightcap, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
City Index vs Eightcap: City Index was founded in 1983 and is publicly traded, while Eightcap launched in 2009 and is not listed. Neither broker is a bank.
On regulation, City Index holds 7 Tier-1 licenses and 1 Tier-2 license; Eightcap holds 3 Tier-1 licenses and 1 Tier-2 license. According to ForexBrokers.com, City Index earns a Trust Score of 99 out of 99 (highly trusted: 90–99), whereas Eightcap scores 87 (trusted: 80–89). More Tier-1 licenses and a higher Trust Score generally signal stronger regulatory oversight and a higher level of trust.
| Feature |
City Index
|
Eightcap
|
|---|---|---|
| Year Founded | 1983 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 3 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
City Index and Eightcap both score 4.5 out of 5 stars for commissions and fees, but City Index has the edge in ForexBrokers.com’s ranking, placing #16 out of 36 brokers compared with #20 out of 36 for Eightcap. In plain terms, both brokers are priced around the market average, though neither is the very cheapest option for active forex traders.
At City Index, trading costs for CFDs, forex, and spread betting are generally in line with the industry average, especially when using the broker’s own platforms or MetaTrader. Its EUR/USD spread averaged 0.74 pips, and active traders may qualify for lower rates through the Premium Trader account or volume-based rebates, with discounts starting at £4 per million for eligible U.K. professional clients. This makes City Index a good fit for traders who want average pricing plus possible savings as trading volume grows.
Eightcap also keeps pricing close to the industry norm, with two account choices: the spread-only Standard account and the commission-based Raw account. On the Raw account, Eightcap lists an average spread of 0.06 pips, but after the $3.50 per-side commission, the all-in cost is about 0.76 pips. That puts it just under the average market cost of 0.8 pips, though still a bit pricier than the lowest-cost forex brokers.
| Feature |
City Index
|
Eightcap
|
|---|---|---|
| Minimum Deposit | £100.00 | $100 |
| Average spread (EUR/USD) - Standard account | 1.4 | 1.0 |
| All-in Cost EUR/USD - Active | 0.9 | 0.76 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
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City Index offers a wider range of investments than Eightcap, making it the stronger choice for traders who want more market options. Both brokers support forex trading as CFDs or spot contracts, but City Index lists 13,500 tradeable symbols and 66 forex pairs, compared with Eightcap’s 803 symbols and 55 forex pairs. City Index also supports copy trading, while Eightcap does not. Neither broker offers exchange-traded U.S. shares or international shares, and neither lets you buy actual cryptocurrency.
Both brokers do offer cryptocurrency CFDs, so traders can still speculate on digital assets without owning them directly. In terms of overall selection, City Index is rated 5 stars for Range of Investments and ranks #8 out of 36 brokers at ForexBrokers.com, while Eightcap is rated 3.5 stars and ranks #30. For traders focused on variety, City Index has the clear edge.
| Feature |
City Index
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 803 |
| Forex Pairs (Total) | 66 | 55 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
City Index and Eightcap both give traders access to web-based platforms, desktop downloads for Windows, MT4, and free demo accounts for practice trading. Each also lets you place trades directly from a chart, which can make quick decision-making easier. In terms of scores, City Index leads with 4.5 out of 5 for Trading Platforms and Tools and ranks #11 out of 36 brokers, while Eightcap scores 4 out of 5 and ranks #32.
Where City Index stands out is its proprietary platform and copy trading feature, neither of which Eightcap offers. Eightcap, however, supports MetaTrader 5, which City Index does not. If you want a broker with more built-in platform options and copy trading, City Index has the edge; if MT5 matters more to you, Eightcap may be the better fit.
| Feature |
City Index
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 88 | 100 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
City Index and Eightcap both give mobile traders the basics that matter most, with iPhone and Android apps, price alerts, and watchlist syncing so changes made on the app can carry over to the online account. Each app also lets you draw trend lines on charts and automatically saves those drawings, which is helpful if you like to track market setups on the go. In simple terms, both brokers offer a solid mobile trading experience for everyday use.
Where they differ is in charting depth and overall app quality. Eightcap offers 100 technical studies in its mobile app, compared with 88 at City Index, so it has a slight edge for chart-focused traders. Even so, City Index scores better overall, with a 4.5-star Mobile Trading Apps rating and a #9 ranking out of 36 brokers, while Eightcap holds a 4-star rating and ranks #32. If you want the stronger all-around mobile app, City Index comes out ahead; if more technical studies matter most, Eightcap has the advantage.
| Feature |
City Index
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 88 | 100 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, City Index has the edge over Eightcap. Both brokers provide daily market commentary, a sentiment tool showing long and short positions, and an economic calendar with major global events. However, City Index stands out by adding forex news from top-tier sources like Reuters and Bloomberg, plus Trading Central tools such as Technical Analytics, which can help traders spot possible opportunities more easily. Eightcap does not offer these news and Trading Central features, though it does include Acuity Trading tools such as Signal Centre.
Overall, City Index is rated higher for research, with 4.5 out of 5 stars and a ForexBrokers.com ranking of #10 out of 36 brokers. Eightcap is rated 3.5 stars and ranks #34. Neither broker offers Autochartist or TipRanks research, so if research depth matters most, City Index is the stronger choice.
| Feature |
City Index
|
Eightcap
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners who want to learn before they trade, City Index offers more learning support than Eightcap. City Index provides forex and CFD education, runs online educational webinars at least once a month, and has at least 10 beginner videos plus 10 advanced videos for traders who want to keep learning. It is rated 4.5 out of 5 stars for Education and ranks 9th out of 36 brokers in ForexBrokers.com’s Education category.
Eightcap also gives beginners access to at least 10 educational videos aimed at new traders, but it falls behind City Index in the other key areas. Based on the information provided, Eightcap does not offer monthly educational webinars and does not have at least 10 advanced educational videos. It is rated 3.5 out of 5 stars for Education and ranks 31st out of 36 brokers, making City Index the stronger choice overall for learning resources.
| Feature |
City Index
|
Eightcap
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that City Index is better than Eightcap. City Index finished with an overall rank of #8, while Eightcap finished with an overall rank of #30.
Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.
| Feature |
City Index
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Eightcap
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| Overall Rating |
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| Trust Score | 99 | 87 |
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Neither City Index nor Eightcap supports purchasing actual delivered cryptocurrencies; both online brokers offer cryptocurrency CFDs for trading.
Comparing deposit and withdrawal methods, City Index offers ACH/SEPA, PayPal, and bank wires but not Skrill, while Eightcap offers PayPal, Skrill, and bank wires but not ACH/SEPA; Visa/Mastercard availability is not specified for either broker.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | City Index | Eightcap | |
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| Trust Score | 99 | 87 | |
| Winner | check_circle | ||
| Review | City Index Review | Eightcap Review |
| Broker Screenshots | City Index | Eightcap | |
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| Regulation | City Index | Eightcap | |
|---|---|---|---|
| Trust Score | 99 | 87 | |
| Year Founded | 1983 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 3 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | City Index | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | City Index | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | City Index | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 803 | |
| Forex Pairs (Total) | 66 | 55 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | City Index | Eightcap | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.4 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.76 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | City Index | Eightcap | |
|---|---|---|---|
| Minimum Deposit | £100.00 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | City Index | Eightcap | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | City Index | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 88 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | City Index | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 88 | 100 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | City Index | Eightcap | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | City Index | Eightcap | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | City Index | Eightcap | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | City Index Review | Eightcap Review |
| Overall | City Index | Eightcap | |
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| Trust Score | 99 | 87 | |
| Winner | check_circle | ||
| Review | City Index Review | Eightcap Review |
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