AB Forex
City Index
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Overview
AB Forex was founded in 2003 and is headquartered in STOCKHOLM, while City Index was established in 1983 and is based in UK. AB Forex holds licences including Unregulated, while City Index is regulated by Financial Conduct Authority (FCA) among others. AB Forex serves 10,000+ clients worldwide; City Index has 14,000+. The minimum deposit is $100 at AB Forex and $25 at City Index.
| Feature | AB Forex | City Index |
|---|---|---|
| Min. Deposit | $100 | $25 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) |
| Founded | 2003 | 1983 |
| Country | STOCKHOLM | UK |
| Clients | 10,000+ | 14,000+ |
Fees
Fees are a critical factor when choosing between AB Forex and City Index, directly affecting your bottom line as a trader. AB Forex has a lower barrier to entry with a minimum deposit of $100 (vs $25 at City Index). Both brokers charge withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. AB Forex charges deposit fees; City Index does not. Overall, City Index scores higher on fees in our assessment.
| Feature | AB Forex | City Index |
|---|---|---|
| Min. Deposit | $100 | $25 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
City Index supports social and copy trading features, which AB Forex does not offer. City Index edges ahead on platform breadth and functionality in our scoring.
| Feature | AB Forex | City Index |
|---|---|---|
| MT4 | No | Yes |
| MT5 | No | Yes |
| cTrader | No | Yes |
| Windows App | No | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | DealBook├é┬¼├âÔÇá 360 (Desktop, Mobile, iPhone, iPad, iPod touch, Web) | 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 AB Forex and City Index compare. The two brokers are evenly matched on educational content.
| Feature | AB Forex | City Index |
|---|---|---|
| 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 uniquely supports bank transfer and credit/debit card and PayPal among the two brokers. City Index scores higher on deposit and withdrawal flexibility.
| Feature | AB Forex | City Index |
|---|---|---|
| Bank Transfer | No | Yes |
| Credit Card | No | Yes |
| PayPal | No | Yes |
| 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. City Index offers live chat; AB Forex does not, making City Index easier to reach in real time. City Index offers phone support; AB Forex does not. City Index offers email support; no email support was found for AB Forex. AB Forex supports 2 languages and City Index supports 6, giving City Index broader global reach. City Index scores higher overall on customer support in our assessment.
| Feature | AB Forex | City Index |
|---|---|---|
| Live Chat | No | Yes |
| Phone Support | No | Yes |
| Email Support | No | Yes |
| Languages | English, and Chinese | English, Spanish, German, Arabic, Polish, and Chinese |