Abshire Smith
City Index
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Overview
Abshire Smith was founded in 1997 and is headquartered in United kingdom, while City Index was established in 1983 and is based in UK. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. Abshire Smith serves 10,000+ clients worldwide; City Index has 14,000+. The minimum deposit is $500 at Abshire Smith and $25 at City Index.
| Feature | Abshire Smith | City Index |
|---|---|---|
| Min. Deposit | $500 | $25 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) |
| Founded | 1997 | 1983 |
| Country | United kingdom | UK |
| Clients | 10,000+ | 14,000+ |
Fees
Fees are a critical factor when choosing between Abshire Smith and City Index, 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 Abshire Smith). City Index charges withdrawal fees while Abshire Smith does not, giving Abshire Smith an edge for frequent withdrawers. City Index applies inactivity fees on dormant accounts; Abshire Smith does not. Abshire Smith charges deposit fees; City Index does not. Overall, City Index scores higher on fees in our assessment.
| Feature | Abshire Smith | City Index |
|---|---|---|
| Min. Deposit | $500 | $25 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
Abshire Smith offers MT4, MT5, cTrader, while City Index supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | Abshire Smith | City Index |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4, cTrader Platform | 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 Abshire Smith and City Index compare. The two brokers are evenly matched on educational content.
| Feature | Abshire Smith | 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. Abshire Smith accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while City Index supports 3 (bank transfer, credit/debit card, PayPal). City Index uniquely supports PayPal among the two brokers. City Index scores higher on deposit and withdrawal flexibility.
| Feature | Abshire Smith | City Index |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | 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. Both Abshire Smith and City Index offer live chat support. Both provide phone support. Email support is available at both brokers. Abshire Smith supports 2 languages and City Index supports 6, giving City Index broader global reach. Both brokers are comparable on support quality.
| Feature | Abshire Smith | City Index |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, German, Arabic, Polish, and Chinese |