AvaTrade vs City Index - Trading Brokers Comparison

AvaTrade vs City Index | Online Brokerage Comparison

AvaTrade vs City Index Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, AvaOptions, Apps250+CBI, FSC, ASIC, FSCA, FSA & FFAJ
NoneMT4, Web Trader, Advantage Web & Apps, AT Pro12,000+FCA, ASIC, MAS

AvaTrade vs City Index Comparison

These brokers each offer MetaTrader 4 (MT4). On MT4, AvaTrade has a wider range of markets to trade. However City Index also offers other trading platforms, on which it has considerably more markets to trade, though a similar range. These platforms are a user friendly Web Trader, the Advantage Web platform and AT Pro. AT Pro is for advanced traders has a large number of technical indicators and allows the trader to automate charting analysis,

Both brokers offer Options trading. AvaTrade has a separate platform for Options trading (AvaOptions). City Index offers a wider range of Options to trade.

Both brokers offer CFD trading, though in the UK each also provides spread betting. City Index has many more markets and a wider range to spread bet. However AvaTrade offers MT4 spread betting, while City Index provides spread betting on its platforms, with the exception of MT4.

AvaTrade is regulated by the CBI in Ireland, the ASIC in Australia, the FSCA in South Africa, the FSA and the FFAJ in Japan and the FSC in the British Virgin Islands.

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

Quick comparison

Both brokers offer MT4. City Index also has a range of other platforms on which it has considerably more markets, though each has a similar range for CFD trading.

Minimum deposit and key account features

The minimum deposit for AvaTrade is $/€/£100. The minimum deposit for City Index is $100.

  • AvaTrade provides an Economic Calendar on its web site, AutoChartist (for a $500 minimum deposit) and Sharp Trader (which has education and analysis). Additionally AvaTrade allows the trader to use DupliTrade and ZuluTrade, which support copy trading.
  • City Index offers CFD trading and in the UK spread betting. City Index provides a news feed, market reports and a Trading Academy.

Markets

  • AvaTrade offers spread betting (in the UK), in Forex, Indices, Energy, Metals and Cryptocurrencies, with 40+ available.
  • AvaTrade offers CFD trading in Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities, Options, Stocks, ETFs and Bonds, with 200+ available. On AvaOptions, AvaTrade provides 40+ FX Options CFDs.
  • City Index offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities, Options, Stocks, ETFs, Bonds, IPOs and Interest Rates, with 8000+ markets available for spread betting and 4000+ for CFD trading. City Index Australia and City Index Singapore have less markets (5,000+), as they do not offer spread betting. On MT4, City Index has 100+ markets covering Forex, Indices, Energy, Metals and Soft Commodities.

Cryptocurrency CFDs

  • AvaTrade provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, DASH, EOS, Bitcoin Gold and Stellar.
  • City Index provides Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash (as a CFD or for spread betting).

Spreads and leverage

  • AvaTrade can offer Forex spreads from 0.9 without a commission charge while City Index can offer Forex spreads from 0.5 without a commission charge.

Maximum leverage for AvaTrade (CBI regulated) is . Maximum leverage for City Index (FCA regulated) is .

Platforms

AvaTrade offers MT4 and AvaOptions as well as apps. City Index provides MT4, Web Trader, Advantage Web, AT Pro and apps.

Why AvaTrade or City Index ?

Traders who wish to use MT4 can find this platform at either broker. AvaTrade has a wider range of CFD markets on MT4 and also offers MT4 spread betting in the UK. City Index can provides more markets to trade for spread betting (in the UK) and a wider range but offers spread betting on its Web Trader, Advantage Web and AT Pro platforms. On MT4 and these platforms, City Index provides CFD trading.

Comparison summary

  • Both offer CFD trading
  • In the UK, each also provides spread betting
  • Both offer MT4
  • Each broker provides Options trading
  • City Index has a wider range of Options to trade
  • AvaTrade offers FX Options on its AvaOptions platform
  • City Index has many more markets to trade as CFDs or to spread bet
  • On MT4, AvaTrade has a wider range of CFD markets
  • City Index also offers Web Trader, Advantage Web and AT Pro

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