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E*TRADE vs City Index : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

E*TRADE

E*TRADE

VS
City Index

City Index

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Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

Both ECN and STP broker

Market maker

Years of Existence / Established Year

1982

1983

Customer Base / Number of Accounts

5.2 million client accounts

1M + active customers


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Regulation & Security

Regulations (governing bodies)

FRS, FINRA, SIPC, SEC, NFA, FDIC

CIRO, CySEC, NFA, CFTC, CIMA, FCA, SFC, FSA, MAS, ASIC

Awards Won (count for the last 2 years)

Investor App and #1 Web Trading Platform for 2024, Benzinga's 2023 Global Fintech Awards

Best trading app, Best CFD provider, Forex broker.com No.1- Performance Analytics new tool, Best in Class overall

Security Measures

SIPC

FSCS

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes

Yes

Negative Balance Protection

Yes

Yes


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

Over 50,000 offerings, including US Treasury trades

13,500+ assets types including Shares

Currency Pairs

No

Yes

Commodities

No

Yes

Indices

No

Yes

Cryptocurrencies

No

No

CFDs

No

Yes

ETFs

Yes

Yes

Stocks

Yes

No

Options

Yes

Yes

Futures

Yes

No

Bonds

Yes

Yes

Mutual Funds

Yes

No

Fractional Shares

No

Yes

Exchange Traded Notes (ETNs)

No

No

Precious Metals

No

Yes

Real Estate Investment Trusts (REITs)

No

No

Equities

No

No


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

No

Yes

MT5

No

No

cTrader

No

No

Social Trading

No

Yes

Copy Trading

No

Yes

Other Trading Platforms (proprietary, etc.)

Power Etrade web, Power Etrade app

City Index mobile trading app

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Brokerage, Retirement, Core portfolio, Managed portfolio, Small business retirement , bank

Standard, MT4, Corporate account

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

No

No

Minimum Deposit

$0

€100

Leverage Available

No

30:1

Trade Limit (maximum per trade)

Depends on assets class

Depends on the assets class

Commission (per account type)

€0

Best Suited For (e.g., beginners, experienced traders)

Beginners to experienced traders

Beginner to experienced


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Deposit & Withdrawal Options

Deposit Methods

Transfer money, Wire transfer, Transfer an account, Deposit a check ,Direct Deposit

Bank transfer, credit card, debit card, e-wallets

Withdrawal Methods

E-wallets, check, Wire transfer

Bank transfer, credit card, debit card, e-wallets

Other E-Wallets Supported

Electronic transfer

Paypal


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Tools & Educational Resources

Economic Calendar

No

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Educational Resources, Tools, Market News and Insights, Tutorials and Webinars

Reuters Insider, News and analysis, Trading tools, Advanced trading view Charts


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Fees & Commissions

Trading-Related Fees

Stocks, options, mutual funds, ETFs- $0, Bonds- $1, FINRA trading activity fee- $0.000166

UK Shares: 0.10% (min. €8 commission)US Shares: 1.5 cents per share (min. €8 commission)

Spread (typical, fixed, variable)

NA

Fixed and variable spreads

Per Lot Fees

NA

NA

Options Contract Fees

$0.65

NA

Futures Contract Fees

$1.50

NA

Markup Fees on Spread

NA

NA

Guaranteed Stop Loss Fees

NA

$0

Maximum Leverage

No

30:1


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Non-Trading Fees

Dormant Fees

$0

$15 monthly fee after 24 months of inactivity

Subscription Fees (for premium features, data feeds)

NA

NA

Advisory Fees

0.30%

NA

Swap Fees (Overnight Financing)

NA

Yes

Statement or Document Fee

$2

NA

Account Opening Fee

NA

NA

Account Maintenance Fee

$15/ month

NA

Deposit Fee

$0

Credit/ debit card- 2%, others - €0

Currency Conversion Fee

Direct trade-$0.005 per share, Broker assisted trader- $25

Varies by instrument

Withdrawal Fee

Check return - $25, Electronic return -$25

Bank fees may apply


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

No


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Trading Hours

Trading Hours (for each asset class if applicable)

Sunday 5 p.m. CT to Friday 4 p.m. CT

Varies by instrument


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Customer Support

Support Hours (e.g., 24/7, weekdays only)

8 AM - 8 PM ET on weekdays

24/5

Customer Support Methods (phone, email, live chat)

Live chat, FAQ, Phone- 800-387-2331, 800-838-0908, Beneficiary Services: [email protected] General inquiries: [email protected]

Email: [email protected], Phone: 0800 060 8609, Live chat

Support Languages

1

6


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Additional Information

Headquarters Location

Arlington, Virginia, United States Buyenlarge, Getty

1st Floor, Moor House, 120 London Wall, London, EC2Y 5ET

Complaints (for crypto brokers)

No

No


At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.
E*TRADE is known for competitive pricing on basic trades, especially for beginners. However, City Index fee structure, though slightly higher, covers a broader range of services, making it more suitable for active traders.
The account creation flow at E*TRADE is modern and app-driven, making it seamless for new users. City Index, however, leans toward traditional processes with forms and verifications that take more time.
New traders may find Freetrade interface more welcoming, while City Index appeals to experienced users looking for tools like heatmaps, screeners, and market sentiment overlays.
Advanced users will enjoy E*TRADE capabilities, but City Index remains a favorite for its streamlined and beginner-centric approach.