Advanced Global Markets
City Index
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Overview
Advanced Global Markets was founded in 1992 and is headquartered in Cyprus, while City Index was established in 1983 and is based in UK. Advanced Global Markets holds licences including Cyprus Securities and Exchange Commission (CySEC), while City Index is regulated by Financial Conduct Authority (FCA) among others. Advanced Global Markets serves 10,000+ clients worldwide; City Index has 14,000+. The minimum deposit is $500 at Advanced Global Markets and $25 at City Index.
| Feature | Advanced Global Markets | City Index |
|---|---|---|
| Min. Deposit | $500 | $25 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) |
| Founded | 1992 | 1983 |
| Country | Cyprus | UK |
| Clients | 10,000+ | 14,000+ |
Fees
Fees are a critical factor when choosing between Advanced Global Markets 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 Advanced Global Markets). Both brokers charge withdrawal fees. City Index applies inactivity fees on dormant accounts; Advanced Global Markets does not. Advanced Global Markets charges deposit fees; City Index does not. Overall, City Index scores higher on fees in our assessment.
| Feature | Advanced Global Markets | City Index |
|---|---|---|
| Min. Deposit | $500 | $25 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Advanced Global Markets offers MT4, MT5, cTrader, while City Index supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. City Index supports social and copy trading features, which Advanced Global Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | Advanced Global Markets | 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 | MT4 | 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 Advanced Global Markets and City Index compare. Advanced Global Markets runs regular live webinars; City Index does not. Advanced Global Markets has a video library; City Index does not. Advanced Global Markets publishes daily market commentary; City Index does not. Advanced Global Markets integrates third-party research tools (Trading Central); City Index does not. Advanced Global Markets maintains an archive of past webinars for on-demand viewing. Advanced Global Markets scores higher overall in education and research.
| Feature | Advanced Global Markets | City Index |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Advanced Global Markets 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 | Advanced Global Markets | 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 Advanced Global Markets and City Index offer live chat support. Both provide phone support. Email support is available at both brokers. Advanced Global Markets supports 2 languages and City Index supports 6, giving City Index broader global reach. Both brokers are comparable on support quality.
| Feature | Advanced Global Markets | 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 |