City Index
eOption
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
City Index was founded in 1983 and is headquartered in UK, while eOption was established in 2008 and is based in USA. City Index holds licences including Financial Conduct Authority (FCA), while eOption is regulated by Unregulated among others. City Index serves 14,000+ clients worldwide; eOption has 10,000+. The minimum deposit is $25 at City Index and $500 at eOption.
| Feature | City Index | eOption |
|---|---|---|
| Min. Deposit | $25 | $500 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) | Unregulated |
| Founded | 1983 | 2008 |
| Country | UK | USA |
| Clients | 14,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between City Index and eOption, directly affecting your bottom line as a trader. City Index has a lower barrier to entry with a minimum deposit of $25 (vs $500 at eOption). Both brokers charge withdrawal fees. City Index applies inactivity fees on dormant accounts; eOption does not. City Index charges deposit fees; eOption does not. Overall, City Index scores higher on fees in our assessment.
| Feature | City Index | eOption |
|---|---|---|
| Min. Deposit | $25 | $500 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
City Index offers MT4, MT5, cTrader, while eOption supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. City Index supports social and copy trading features, which eOption does not offer. The two brokers are closely matched on platform offering.
| Feature | City Index | eOption |
|---|---|---|
| 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 | DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web) |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how City Index and eOption compare. eOption has a video library; City Index does not. eOption integrates third-party research tools (Autochartist); City Index does not. eOption scores higher overall in education and research.
| Feature | City Index | eOption |
|---|---|---|
| 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 eOption 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 | eOption |
|---|---|---|
| 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 eOption offer live chat support. Both provide phone support. Email support is available at both brokers. City Index supports 6 languages and eOption supports 2, giving City Index broader global reach. Both brokers are comparable on support quality.
| Feature | City Index | eOption |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, German, Arabic, Polish, and Chinese | English, and Chinese |