City Index
Degiro
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Overview
City Index was founded in 1983 and is headquartered in UK, while Degiro was established in 1934 and is based in Netherlands. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. City Index serves 14,000+ clients worldwide; Degiro has 600,000+. The minimum deposit is $25 at City Index and $0 at Degiro.
| Feature | City Index | Degiro |
|---|---|---|
| Min. Deposit | $25 | $0 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) | Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB) |
| Founded | 1983 | 1934 |
| Country | UK | Netherlands |
| Clients | 14,000+ | 600,000+ |
Fees
Fees are a critical factor when choosing between City Index and Degiro, directly affecting your bottom line as a trader. Degiro has a lower barrier to entry with a minimum deposit of $0 (vs $25 at City Index). City Index charges withdrawal fees while Degiro does not, a notable advantage for frequent withdrawers. City Index applies inactivity fees on dormant accounts; Degiro does not. City Index charges deposit fees; Degiro does not. Overall, Degiro scores higher on fees in our assessment.
| Feature | City Index | Degiro |
|---|---|---|
| Min. Deposit | $25 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | Yes |
Platforms
City Index offers MT4, MT5, cTrader, while Degiro supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. City Index supports social and copy trading features, which Degiro does not offer. The two brokers are closely matched on platform offering.
| Feature | City Index | Degiro |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | MetaTrader 4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how City Index and Degiro compare. Degiro has a video library; City Index does not. Degiro integrates third-party research tools (Autochartist); City Index does not. Degiro scores higher overall in education and research.
| Feature | City Index | Degiro |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. City Index accepts 3 of the tracked payment methods (bank transfer, credit/debit card, PayPal), while Degiro supports 2 (bank transfer, credit/debit card). City Index uniquely supports PayPal among the two brokers. City Index scores higher on deposit and withdrawal flexibility.
| Feature | City Index | Degiro |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both City Index and Degiro offer live chat support. Both provide phone support. Email support is available at both brokers. City Index supports 6 languages and Degiro supports 2, giving City Index broader global reach. Both brokers are comparable on support quality.
| Feature | City Index | Degiro |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, German, Arabic, Polish, and Chinese | English, and Chinese |