City Index
EagleFX
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Overview
City Index was founded in 1983 and is headquartered in UK, while EagleFX was established in 2019 and is based in Dominica. City Index holds licences including Financial Conduct Authority (FCA), while EagleFX is regulated by Unregulated among others. City Index serves 14,000+ clients worldwide; EagleFX has 5,000+. The minimum deposit is $25 at City Index and $10 at EagleFX.
| Feature | City Index | EagleFX |
|---|---|---|
| Min. Deposit | $25 | $10 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) | Unregulated |
| Founded | 1983 | 2019 |
| Country | UK | Dominica |
| Clients | 14,000+ | 5,000+ |
Fees
Fees are a critical factor when choosing between City Index and EagleFX, directly affecting your bottom line as a trader. EagleFX has a lower barrier to entry with a minimum deposit of $10 (vs $25 at City Index). Both brokers charge withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. City Index charges deposit fees; EagleFX does not. Overall, EagleFX scores higher on fees in our assessment.
| Feature | City Index | EagleFX |
|---|---|---|
| Min. Deposit | $25 | $10 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
City Index offers MT4, MT5, cTrader, while EagleFX supports MT4, MT5, cTrader, a proprietary platform. City Index offers a mobile trading app; mobile availability for EagleFX is limited. Both brokers support copy or social trading, catering to less hands-on investors. City Index edges ahead on platform breadth and functionality in our scoring.
| Feature | City Index | EagleFX |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | No |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how City Index and EagleFX compare. The two brokers are evenly matched on educational content.
| Feature | City Index | EagleFX |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | No |
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 EagleFX 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 | EagleFX |
|---|---|---|
| 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 EagleFX offer live chat support. Both provide phone support. Email support is available at both brokers. City Index supports 6 languages and EagleFX supports 2, giving City Index broader global reach. Both brokers are comparable on support quality.
| Feature | City Index | EagleFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, German, Arabic, Polish, and Chinese | English, and Chinese |