AAAFx vs City Index Comparison

Compare City Index vs AAAFx

AAAFx vs City Index
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT4, ZTP55+HCMC
NoneMT4, Advantage Web, Web Trader, AT Pro12,000+FCA, MAS, ASIC

AAAFx and City Index Comparison

AAAFx is an ECN broker which can offer very low spreads with a commission charge. City Index does not provide ECN trading, rather it offers CFD trading and in the UK spread betting, with tight spreads.

City Index can offer many more individual markets to trade than AAAFx, but AAAFx has a competitive number for an ECN broker. AAAFx and City Index provide web traders and MT4. City Index also offers the AT Pro platform for advanced traders.

AAAFx is regulated by the HCMC in Greece, while City Index is regulated by the FCA in the United Kingdom, the ASIC in Australia and the MAS in Singapore.

Quick comparison

AAAFx is an ECN MT4 broker. City Index provides many more markets on its Web Trader, Advantage Web and AT Pro platforms, and a comparable number on MT4.

Minimum deposit and account types

The minimum deposit for AAAFx is AAAFx is £200 or AU$370 or $300 or €250 or ¥35,000. There is no minimum deposit for City Index.

  • AAAFx provides CFD trading. It offers an Islamic account. For deposits higher than $100,000, AAAFx provides Institutional accounts, which have lower commission charges.
  • City Index offers CFD trading and spread betting. City Index provides a news feed, market reports and a Trading Academy.

Markets

  • AAAFx provides Forex, Indices, Energy, Metals, Bonds and Cryptocurrencies with 55+ available.
  • On MT4, City Index offers Forex, Indices, Energy, Metals and Soft Commodities for a total of 110+.
  • City Index on Advantage Web, Web Trader & AT Pro provides Forex, Indices, Energy, Metals, Bonds, Cryptocurrencies, Soft Commodities, Options, Shares, ETFs, IPOs and Interest Rates, with 12,000+ available. City Index Australia and City Index Singapore have less markets (5,000+), as they do not offer spread betting.

Cryptocurrency CFDs

  • AAAFx provides Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.
  • City Index provides Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash (as a CFD or for spread betting).

Spreads and leverage

  • Spreads at AAAFx are variable and are from 0.2 for EUR/USD, 1 for UK100, 0.34 for Gold and 0.05 for US Oil.
  • Spreads at City Index are variable and are from 0.5 for EUR/USD, 1 for UK100, 0.3 for Gold and 0.04 for US Oil.

Maximum leverage for AAAFx is . Maximum leverage for City Index (FCA regulated) is .

Commissions

  • AAAFx charges a commission of $10 per lot per side for Forex and $8 for CFDs. It is possible to request no commissions trading, with a resulting increase in spreads. The Institutional account charges commissions of $3 per lot per side for transaction where USD is the currency base.
  • City Index does not charge commissions, except for Shares CFDs.

Platforms

AAAFx offers MT4 and the ZTP webtrader. City Index offers a Web Trader, the Advantage Web web trading platform, MT4 and AT Pro (which supports trading automation).

Comparison summary

  • AAAFx is an ECN broker
  • City Index is a CFD and in the UK spread betting broker
  • City Index offers a relatively large number of individual markets
  • AAAFx provides much less, but still a competitive number for an ECN broker
  • They have a similar number when MT4 is compared
  • Both offer a range of cryptocurrencies
  • AAAFx can provide very low spreads with a commission charge
  • City Index can offer tight CFD and spread betting spreads
  • Both brokers offer MT4 and a web trader, City Index also provides AT Pro
  • AAAFx is HCMC regulated, City Index is FCA, ASIC and MAS regulated

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