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City Index vs Eightcap 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025
  Fact Checked

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.

City Index
5/5 Stars Overall
  • Minimum Deposit: £100.00
  • Trust Score: 99
  • Tradeable Symbols (Total): 13500
Eightcap
4/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 87
  • Tradeable Symbols (Total): 803

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.

Regulation

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 logoCity Index
Eightcap logoEightcap
Year Founded info 1983 2009
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 7 3
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2

Fees

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 logoCity Index
Eightcap logoEightcap
Minimum Deposit info £100.00 $100
Average spread (EUR/USD) - Standard account info 1.4 info 1.0 info
All-in Cost EUR/USD - Active info 0.9 info 0.76
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

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Range of investments

When it comes to range of investments, City Index offers a wider choice than Eightcap. City Index lists 13,500 tradeable symbols and 66 forex pairs, compared with Eightcap’s 803 symbols and 55 forex pairs. Both brokers support forex trading as CFDs or spot contracts, and both offer cryptocurrency CFDs, but neither lets clients buy actual shares on U.S. or international exchanges or purchase real, delivered crypto.

City Index also stands out for copy trading, which Eightcap does not offer. That broader selection is reflected in its higher ratings and rankings for investment range: City Index is rated 5 stars and ranked #8 out of 36 brokers by ForexBrokers.com, while Eightcap is rated 3.5 stars and ranked #29.

Feature City Index logoCity Index
Eightcap logoEightcap
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 803
Forex Pairs (Total) info 66 55
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

City Index and Eightcap both give traders a choice of platform styles, including free demo accounts for practice, web-based trading, Windows desktop downloads, MT4, and the ability to trade directly from a chart. City Index also stands out with its own in-house platform and copy trading, while Eightcap does not offer copy trading or a proprietary platform. For charting and watch lists, both brokers provide trading tools, but the key difference is that Eightcap adds MT5, while City Index does not.

Overall, City Index has the edge for trading platforms and tools, with a 4.5-star rating and a #11 ranking out of 36 brokers from ForexBrokers.com. Eightcap still offers a solid platform lineup and earns 4 stars, but it ranks lower at #31. If you want more platform choice and copy trading, City Index may be the better fit, while Eightcap may appeal more to traders who want MT5 alongside MT4.

Feature City Index logoCity Index
Eightcap logoEightcap
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
Charting - Indicators / Studies (Total) info 88 100
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

City Index and Eightcap both offer mobile trading apps for iPhone and Android, plus useful tools like price alerts and watchlist syncing so your lists stay updated across devices. Each app also lets you draw trendlines on charts and automatically saves those drawings, which can make it easier to keep track of your trade ideas on the go.

For charting depth, Eightcap has a slight edge with 100 technical studies in its mobile app, compared with 88 at City Index. Even so, City Index comes out ahead overall in mobile trading app quality, earning 4.5 out of 5 stars and a ForexBrokers.com ranking of 9th out of 36 brokers, while Eightcap is rated 4 out of 5 stars and placed 31st.

Feature City Index logoCity Index
Eightcap logoEightcap
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 88 100
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When comparing City Index vs Eightcap for market research, City Index has the edge overall. Both brokers provide daily market commentary, a sentiment tool, and an economic calendar, so traders can keep track of price drivers and upcoming events. City Index goes further by adding forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, plus Trading Central tools for extra chart and trade ideas. Eightcap does not offer those news feeds or Trading Central, but it does include Acuity Trading tools, which City Index does not.

In independent research ratings, City Index is also ahead, earning 4.5 out of 5 stars and ranking #10 out of 36 brokers for Research on ForexBrokers.com. Eightcap is rated 3.5 out of 5 stars and ranks #33 out of 36. Neither broker offers Autochartist or TipRanks research, so if market research is a priority, City Index is the stronger choice overall.

Feature City Index logoCity Index
Eightcap logoEightcap
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info No No
Trading Central info Yes No
Client sentiment data info Yes Yes
TipRanks info No No
Acuity Trading info No Yes
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

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 logoCity Index
Eightcap logoEightcap
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

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 logoCity Index
Eightcap logoEightcap
Overall Rating info 5/5 Stars 4/5 Stars
Trust Score info 99 87
Range of Investments 5/5 Stars 3.5/5 Stars
Trading Fees 4.5/5 Stars 4.5/5 Stars
Trading Platforms 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with City Index or Eightcap?

Neither City Index nor Eightcap supports purchasing actual delivered cryptocurrencies; both online brokers offer cryptocurrency CFDs for trading.

What funding options does each broker offer?

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.

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Overall Rating City Index Eightcap
Overall Rating info 5/5 Stars 4/5 Stars
Trading Fees 4.5/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Trading Platforms 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 99 87
Winner check_circle
Review City Index Review Eightcap Review
Broker Screenshots City Index Eightcap
Broker Gallery (click to expand) info
City Index MetaTrader 4 mobile trading app City Index web platform trading. City Index web platform research Trading Central City Index educational course advanced.
Eightcap MT4 mobile app charts. Eightcap MT5 web. Eightcap economic calendar event detail. Eightcap Labs educational content learning academy.
Regulation City Index Eightcap
Trust Score info 99 87
Year Founded info 1983 2009
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 7 3
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2
Tier-1 Licenses (Highly Trusted) City Index Eightcap
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (FSA Authorised) info No No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) City Index Eightcap
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or CMA Authorised) info Yes Yes info
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments City Index Eightcap
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 803
Forex Pairs (Total) info 66 55
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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 info 1.4 info 1.0 info
All-in Cost EUR/USD - Active info 0.9 info 0.76
Inactivity Fee info Yes Yes
Order execution: Agency info No Yes
Order execution: Market Maker info Yes Yes
Funding City Index Eightcap
Minimum Deposit info £100.00 $100
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes No
Trading Platforms City Index Eightcap
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
Trading Tools City Index Eightcap
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 88 100
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading City Index Eightcap
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 88 100
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research City Index Eightcap
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info No No
Trading Central info Yes No
TipRanks info No No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education City Index Eightcap
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs City Index Eightcap
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review City Index Review Eightcap Review
Overall City Index Eightcap
Overall Rating info 5/5 Stars 4/5 Stars
Trading Fees 4.5/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Trading Platforms 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 99 87
Winner check_circle
Review City Index Review Eightcap Review
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