Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare Admiral Markets vs City Index.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. City Index's score is 4.00 stars versus Admiral Markets's 3.50 stars.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Admiral Markets alongside City Index are regulated in a major hub. City Index is a publicly traded company, Admiral Markets isn't. How many currency pairs are available to trade? Admiral Markets trails City Index by 10 total currency pairs (for example, EUR/USD), with City Index offering 65 and Admiral Markets offering 55.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Admiral Markets alongside City Index offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Admiral Markets and City Index offer the same number of charting tools, 31. Both brokers offer clients access to the same number of indicators (eg, moving averages), 51.
Overall, City Index takes the upper hand with 4.50 stars over Admiral Markets's 4.00 stars. And, when it comes to individual category awards, Admiral Markets was rated Best in Class - Investor Education in 2018, while City Index was rated none of these.