ATFX
City Index
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Overview
ATFX was founded in 2014 and is headquartered in Cyprus, while City Index was established in 1983 and is based in UK. ATFX holds licences including Cyprus Securities and Exchange Commission (CySEC), while City Index is regulated by Financial Conduct Authority (FCA) among others. ATFX serves 10,000+ clients worldwide; City Index has 14,000+. The minimum deposit is $100 at ATFX and $25 at City Index.
| Feature | ATFX | City Index |
|---|---|---|
| Min. Deposit | $100 | $25 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) |
| Founded | 2014 | 1983 |
| Country | Cyprus | UK |
| Clients | 10,000+ | 14,000+ |
Fees
Fees are a critical factor when choosing between ATFX and City Index, directly affecting your bottom line as a trader. ATFX has a lower barrier to entry with a minimum deposit of $100 (vs $25 at City Index). City Index charges withdrawal fees while ATFX does not, giving ATFX an edge for frequent withdrawers. City Index applies inactivity fees on dormant accounts; ATFX does not. City Index charges deposit fees; ATFX does not. The two brokers are broadly comparable on fee structure.
| Feature | ATFX | City Index |
|---|---|---|
| Min. Deposit | $100 | $25 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
ATFX offers 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 ATFX does not offer. City Index edges ahead on platform breadth and functionality in our scoring.
| Feature | ATFX | City Index |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Web Trader, Tablet & Mobile apps | 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 ATFX and City Index compare. ATFX runs regular live webinars; City Index does not. ATFX has a video library; City Index does not. ATFX publishes daily market commentary; City Index does not. ATFX integrates third-party research tools (Trading Central); City Index does not. ATFX maintains an archive of past webinars for on-demand viewing. ATFX scores higher overall in education and research.
| Feature | ATFX | 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. ATFX 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 | ATFX | 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 ATFX and City Index offer live chat support. Both provide phone support. Email support is available at both brokers. ATFX supports 2 languages and City Index supports 6, giving City Index broader global reach. Both brokers are comparable on support quality.
| Feature | ATFX | 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 |