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 ADS Securities 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 is a better option with a 4.5 star rating over ADS Securities's 3.5 star rating.
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. ADS Securities alongside City Index are regulated in a major hub. City Index is a publicly traded company, ADS Securities isn't. How many currency pairs are available to trade? City Index boasts an offering of 84 different currency pairs compared to ADS Securities's 65 available pairs.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. ADS Securities and City Index both 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. ADS Securities offers its clients access to 31 charting tools while City Index has 25 charting tools, a difference of 6. ADS Securities trails City Index by 88 total different indicators (for example, moving averages), with City Index offering 139 and ADS Securities offering 51.
Overall, both ADS Securities and City Index hold a 4 star rating. And, when it comes to individual category awards, both ADS Securities and City Index found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education in 2018.