AxiTrader
City Index
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Overview
AxiTrader was founded in 2007 and is headquartered in Australia, while City Index was established in 1983 and is based in UK. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. AxiTrader serves 10,000+ clients worldwide; City Index has 14,000+. The minimum deposit is $0 at AxiTrader and $25 at City Index.
| Feature | AxiTrader | City Index |
|---|---|---|
| Min. Deposit | $0 | $25 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) |
| Founded | 2007 | 1983 |
| Country | Australia | UK |
| Clients | 10,000+ | 14,000+ |
Fees
Fees are a critical factor when choosing between AxiTrader and City Index, directly affecting your bottom line as a trader. AxiTrader has a lower barrier to entry with a minimum deposit of $0 (vs $25 at City Index). Both brokers charge withdrawal fees. City Index applies inactivity fees on dormant accounts; AxiTrader does not. AxiTrader charges deposit fees; City Index does not. Overall, AxiTrader scores higher on fees in our assessment.
| Feature | AxiTrader | City Index |
|---|---|---|
| Min. Deposit | $0 | $25 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
AxiTrader 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 | AxiTrader | 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, Mac, ZuluTrade, 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 AxiTrader and City Index compare. The two brokers are evenly matched on educational content.
| Feature | AxiTrader | 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. AxiTrader accepts 3 of the tracked payment methods (bank transfer, credit/debit card, Neteller), while City Index supports 3 (bank transfer, credit/debit card, PayPal). AxiTrader uniquely supports Neteller among the two brokers. City Index uniquely supports PayPal among the two brokers. City Index scores higher on deposit and withdrawal flexibility.
| Feature | AxiTrader | City Index |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both AxiTrader and City Index offer live chat support. Both provide phone support. Email support is available at both brokers. AxiTrader supports 8 languages and City Index supports 6, giving AxiTrader broader global reach. Both brokers are comparable on support quality.
| Feature | AxiTrader | City Index |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese, Spanish, German, Japanese, Russian, Romanian, and Arabic | English, Spanish, German, Arabic, Polish, and Chinese |