Ayondo
City Index
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Overview
Ayondo was founded in 2008 and is headquartered in London, while City Index was established in 1983 and is based in UK. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. Ayondo serves 10,000+ clients worldwide; City Index has 14,000+. The minimum deposit is $1 at Ayondo and $25 at City Index.
| Feature | Ayondo | City Index |
|---|---|---|
| Min. Deposit | $1 | $25 |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) |
| Founded | 2008 | 1983 |
| Country | London | UK |
| Clients | 10,000+ | 14,000+ |
Fees
Fees are a critical factor when choosing between Ayondo and City Index, directly affecting your bottom line as a trader. Ayondo has a lower barrier to entry with a minimum deposit of $1 (vs $25 at City Index). Both brokers charge withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Ayondo charges deposit fees; City Index does not. The two brokers are broadly comparable on fee structure.
| Feature | Ayondo | City Index |
|---|---|---|
| Min. Deposit | $1 | $25 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Ayondo offers cTrader, while City Index supports MT4, MT5, cTrader. Both brokers support copy or social trading, catering to less hands-on investors. City Index edges ahead on platform breadth and functionality in our scoring.
| Feature | Ayondo | City Index |
|---|---|---|
| MT4 | No | Yes |
| MT5 | No | Yes |
| cTrader | Yes | Yes |
| Windows App | No | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | Web Trader | 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 Ayondo and City Index compare. The two brokers are evenly matched on educational content.
| Feature | Ayondo | 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. Ayondo 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 | Ayondo | 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. City Index offers live chat; Ayondo does not, making City Index easier to reach in real time. Both provide phone support. Email support is available at both brokers. Ayondo 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 | Ayondo | City Index |
|---|---|---|
| Live Chat | No | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Mandarin | English, Spanish, German, Arabic, Polish, and Chinese |