Written by ForexBrokers.com
In this head to head comparison of City Index vs TeleTrade, 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, established in 1983, stands as a highly trusted online broker with a ForexBrokers.com Trust Score of 99. Despite not being a bank, it is publicly traded and boasts seven Tier-1 licenses, which signals a strong level of credibility and regulation. In addition, City Index holds one Tier-2 license, further reinforcing its regulatory compliance and trustworthiness.
In contrast, TeleTrade, founded in 1994, is not publicly traded and holds only one Tier-1 license, placing it under a different regulatory stature compared to City Index. With a ForexBrokers.com Trust Score of 71, TeleTrade is considered an average risk broker. This score reflects its limited regulatory oversight, having no Tier-2 licenses, meaning it is less regulated compared to its counterpart, City Index.
| Feature |
City Index
|
TeleTrade
|
|---|---|---|
| Year Founded | 1983 | 1994 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
City Index is a popular choice for traders looking to engage in CFDs, forex, and spread-betting, offering pricing that aligns with the industry average. Using their proprietary platforms or MetaTrader, traders can access the best rates available. City Index stands out with its Premium Trader account for active traders who deposit over £10,000, providing exclusive pricing, dedicated customer service, and special events. Their pricing for a CFD account shows an average spread of 0.74 pips on the EUR/USD, comparable to market averages, though some top forex brokers offer slightly lower spreads. City Index also offers rebates to active traders, with incentives based on trade volumes, highlighting a potential for reduced costs for professional traders.
TeleTrade, on the other hand, does not currently provide specific average spread data, making it difficult to directly compare with City Index in this area. However, TeleTrade has earned a commendable 4 out of 5 stars for its commissions and fees. This indicates a fair pricing structure that appeals to traders, even without explicit spread details. Despite the lack of detailed spread statistics, TeleTrade’s star rating suggests a strong offering in terms of overall fees.
When it comes to rankings by ForexBrokers.com, City Index takes the lead, placed at #14 out of 62 brokers for commissions and fees, whereas TeleTrade stands at #46. City Index’s slightly higher 4.5-star rating also underscores its competitive fee structure, making it an attractive option for traders prioritizing cost-effectiveness. The higher rating and ranking of City Index highlight its advantageous position in the market, potentially offering better value for active traders.
| Feature |
City Index
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | £100.00 | $100 |
| Average Spread EUR/USD - Standard | 1.4 | N/A |
| All-in Cost EUR/USD - Active | 0.74 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
City Index and TeleTrade both offer forex trading via CFDs or spot contracts, catering to currency traders. However, City Index stands out with an impressive total of 13,500 tradeable symbols, significantly surpassing TeleTrade's 500. When it comes to forex pairs, City Index again takes the lead, offering 66 in contrast to TeleTrade's 61. While neither platform provides access to exchange-traded securities on U.S. or international exchanges, both brokers allow investors to engage in copy trading. Additionally, they offer cryptocurrency derivatives rather than actual cryptocurrency purchases.
In terms of investment range, City Index achieves a 5-star rating, ranking 8th out of 62 brokers, showcasing a strong offering. On the other hand, TeleTrade receives a 3.5-star rating and is ranked 45th for its range of investments. For traders seeking a diverse selection of tradeable assets, City Index clearly provides a broader array of options than TeleTrade, particularly with its extensive selection of tradeable symbols and forex pairs.
| Feature |
City Index
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 500 |
| Forex Pairs (Total) | 66 | 61 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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 TeleTrade both provide virtual demo accounts for simulated trading, allowing users to practice without financial risk. City Index stands out with its proprietary platform, a feature absent in TeleTrade's offerings. Both brokers offer Windows-based desktop platforms and web-based trading options, catering to diverse user preferences. While they both support copy trading and the popular MetaTrader 4 platform, TeleTrade extends its capabilities with MetaTrader 5 and ZuluTrade, offering more variety for traders seeking advanced options.
When it comes to charting and customization, City Index provides a significant advantage with 239 drawing tools, contrasting with TeleTrade's 15. Traders can utilize this abundance of tools for detailed market analysis. Furthermore, City Index offers the flexibility of 11 watch list columns, compared to TeleTrade's 7. In terms of overall performance, City Index is rated 4.5 stars for its trading platforms and tools, earning a commendable 10th place ranking out of 62 brokers. TeleTrade, with a 4-star rating, holds the 51st position, indicating that City Index offers stronger overall platform capabilities and user satisfaction.
| Feature |
City Index
|
TeleTrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 88 | 35 |
| Charting - Drawing Tools (Total) | 239 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
City Index and TeleTrade both offer iPhone and Android apps, providing convenience for traders on the go. Both apps deliver essential features like stock and forex price alerts and the ability to draw trendlines on charts. City Index offers an edge with 88 technical studies available in its mobile app charting, compared to TeleTrade's 35. Additionally, City Index supports syncing watchlist symbols between its mobile app and the client’s online account, which TeleTrade lacks. Both brokers support multiple time frames for chart viewing and auto-save drawings, ensuring users don't lose their customizations.
Real-time quote watchlists are accessible on both apps, but when it comes to user ratings and rankings, City Index stands out. City Index garners an impressive rating of 4.5 stars for its Mobile Trading Apps and ranks 9th out of 62 brokers according to ForexBrokers.com. Meanwhile, TeleTrade holds a 4-star rating and ranks 25th, making City Index a preferred choice for those prioritizing trading app features and performance.
| Feature |
City Index
|
TeleTrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 35 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
City Index and TeleTrade both provide daily market commentary, ensuring their clients stay informed with the latest market trends. When it comes to forex news from top-tier sources like Bloomberg and Dow Jones, both brokers deliver, giving traders reliable information to make informed decisions. While neither broker offers tools from Autochartist, City Index stands out by offering technical analysis tools from Trading Central, unlike TeleTrade. Furthermore, City Index offers a sentiment-based trading tool that reveals the ratio of long and short positions, a feature not available with TeleTrade.
Both City Index and TeleTrade provide an economic calendar that covers global news events, helping traders anticipate market movements. However, neither one includes research tools from TipRanks or Acuity Trading. With a research rating of 4.5 stars from ForexBrokers.com, City Index ranks #10 out of 62 brokers, highlighting its stronger research offerings compared to TeleTrade, which ranks #38 with a 3.5-star rating. City Index’s comprehensive market research tools give it a competitive edge in helping traders make more informed decisions.
| Feature |
City Index
|
TeleTrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to offering educational resources for beginner traders, City Index and TeleTrade present notable differences. City Index is well-equipped to support newcomers with over 10 educational materials focused on forex or CFDs, as well as monthly online webinars. They also provide a searchable archive of past webinars, catering to various learning preferences. For visual learners, City Index offers more than 10 starter videos on trading topics, making it accessible for those just beginning their trading journey. They also cater to more advanced traders with specialized content. A noteworthy feature is their investor dictionary, which includes definitions for over 50 investing terms, aiding in the understanding of complex terminology.
In contrast, TeleTrade falls short in supplying beginners with the same depth of resources. While they offer some educational content, they do not meet the threshold of 10 instructional pieces dedicated to forex or CFDs. Additionally, they lack the provision of regular educational webinars, both live and archived, as well as beginner-specific video content. Their educational offerings have garnered a lower rating, receiving 3.5 stars compared to City Index's 4.5 stars. Moreover, in a field of 62 brokers, TeleTrade is ranked significantly lower for education, occupying the 61st spot, while City Index ranks as the 9th best, underscoring its commitment to trader education.
| Feature |
City Index
|
TeleTrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that City Index is better than TeleTrade. City Index finished with an overall rank of #8, while TeleTrade finished with an overall rank of #50.
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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TeleTrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 71 |
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Both City Index and TeleTrade do not provide the option to purchase actual delivered cryptocurrency; however, they both offer the ability to trade cryptocurrency derivatives.
City Index and TeleTrade both allow deposits and withdrawals via Visa, Mastercard, and bank wires, but City Index extends its services with ACH and SEPA transfers, as well as PayPal, while TeleTrade offers the exclusive option of Skrill for fund transactions.
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 | TeleTrade | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | City Index Review |
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| Regulation | City Index | TeleTrade | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| Year Founded | 1983 | 1994 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | City Index | TeleTrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| 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 | TeleTrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | City Index | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 500 | |
| Forex Pairs (Total) | 66 | 61 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | TeleTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | N/A | |
| All-in Cost EUR/USD - Active | 0.74 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | City Index | TeleTrade | |
|---|---|---|---|
| Minimum Deposit | £100.00 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | City Index | TeleTrade | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | City Index | TeleTrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 88 | 35 | |
| Charting - Drawing Tools (Total) | 239 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | City Index | TeleTrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | 35 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | City Index | TeleTrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | City Index | TeleTrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | City Index | TeleTrade | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | City Index Review |
| Overall | City Index | TeleTrade | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | City Index Review |
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