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City Index vs ATFX 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of City Index vs ATFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

City Index
5/5 Stars Overall
  • Minimum Deposit: £100.00
  • Trust Score: 99
  • Tradeable Symbols (Total): 13500
ATFX
4/5 Stars Overall
  • Minimum Deposit: $500
  • Trust Score: 85
  • Tradeable Symbols (Total): 150

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

City Index and ATFX offer solid options for online trading, but they differ in experience and regulatory standing. Established in 1983, City Index is publicly traded and boasts an impressive Trust Score of 99 from ForexBrokers.com. This reflects its strong regulatory framework, with 7 Tier-1 and 1 Tier-2 licenses, underscoring its highly trusted status. Despite not being a bank, City Index's longstanding presence and regulatory compliance make it an appealing choice for traders.

On the other hand, ATFX was founded in 2017 and is not publicly traded. It holds 4 Tier-1 and 2 Tier-2 licenses, contributing to its respectable Trust Score of 85, indicating a trusted status. While newer to the market compared to City Index, ATFX provides a competitive and reliable trading environment for those who value robust regulation, without being a bank itself. Both brokers ensure a secure platform for trading, with City Index offering a longer track record and higher trust rating.

Feature City Index logoCity Index
ATFX logoATFX
Year Founded info 1983 2017
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 7 4
Tier-2 Licenses info 1 2
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

When comparing commissions and fees, City Index offers pricing for CFDs, forex, and spread betting that sits around the industry average, while ATFX does not publish average spread data, making direct cost comparisons harder. City Index tends to deliver its best pricing on its own platforms and on MetaTrader.

City Index’s CFD account showed an average EUR/USD spread of 0.74 pips as of July 2023. Active traders may qualify for the Premium Trader account (deposit over £10,000) for access to exclusive pricing and dedicated support. Volume-based rebates are available for professionals: in the U.K., £4 per million above £25M monthly, up to £7.5 per million above £300M; in Australia, AUD $4.5 to $14.5 per million across tiers. City Index is rated 4.5 out of 5 stars for commissions and fees and ranks #15 out of 63 brokers by ForexBrokers.com.

ATFX does not provide average spread figures, which limits fee transparency compared to peers that disclose this data. For commissions and fees, ATFX holds a 3 out of 5 star rating and ranks #61 out of 63 brokers by ForexBrokers.com.

Feature City Index logoCity Index
ATFX logoATFX
Minimum Deposit info £100.00 $500
Average spread (EUR/USD) - Standard account info 1.4 info N/A info
All-in Cost EUR/USD - Active info 0.74 info N/A info
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info Yes
Skrill (Deposit/Withdraw) info No
Bank Wire (Deposit/Withdraw) info Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

City Index vs ATFX: when it comes to the range of investments, City Index offers far more choice. You get 13,500 tradeable symbols and 66 forex pairs at City Index, compared with 150 symbols and 44 forex pairs at ATFX. Both brokers support forex trading (either as CFDs or spot), offer copy trading, and let you speculate on cryptocurrency via CFDs. Neither broker provides access to exchange-traded shares on U.S. or international stock exchanges, and neither lets you buy delivered crypto.

Independent ratings reflect the gap in variety: City Index earns 5 stars for Range of Investments and ranks #8 out of 63 brokers on ForexBrokers.com, while ATFX scores 3.5 stars and ranks #58. If you want the widest selection of markets, City Index is the stronger pick. If you prefer a simpler lineup focused on core CFDs and forex, ATFX can still fit the bill.

Feature City Index logoCity Index
ATFX logoATFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 150
Forex Pairs (Total) info 66 44
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

City Index and ATFX both offer free demo (paper) trading, web platforms, Windows desktop software, copy trading, and chart trading from within the platform. The biggest platform difference is that City Index provides its own proprietary platform in addition to MetaTrader 4 (MT4), while ATFX does not have an in-house platform but supports both MT4 and MetaTrader 5 (MT5). If you value a broker-built platform alongside MT4, City Index stands out; if you specifically want MT5, ATFX is the pick.

For trading platforms and tools, City Index earns 4.5 out of 5 stars and ranks 11th out of 63 brokers on ForexBrokers.com, signaling a stronger overall platform experience. ATFX scores 3.5 out of 5 stars and ranks 63rd out of 63, reflecting a more basic toolset despite MT5 access. In short, choose City Index for a higher-rated platform experience with an in-house option, or choose ATFX if MT5 support is a must-have.

Feature City Index logoCity Index
ATFX logoATFX
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
Charting - Indicators / Studies (Total) info 88 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

City Index and ATFX both offer mobile trading apps for iPhone and Android, plus price alerts to help you stay on top of market moves. City Index adds watchlist syncing between mobile and web, while ATFX does not. In independent testing by ForexBrokers.com, City Index earned 4.5/5 stars and ranked 9th for Mobile Trading Apps, while ATFX received 3.5/5 stars and ranked 64th.

Charting tools are another key difference. City Index includes 88 technical studies in its app, compared with 7 on ATFX. Both let you draw trendlines and auto-save your annotations. Traders who want a wider range of indicators and seamless watchlist syncing may lean toward City Index, while ATFX can suit simpler charting and basic alert needs.

Feature City Index logoCity Index
ATFX logoATFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 88 7
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

City Index vs ATFX: For market research, City Index earns 4.5/5 stars and ranks #10 out of 63 brokers on ForexBrokers.com, while ATFX scores 3/5 stars and ranks #55. Both cover the essentials, but City Index offers a stronger overall research experience that can help everyday traders find and act on ideas with more confidence.

Both brokers provide daily market commentary and an economic calendar. City Index adds forex news from top-tier sources (such as Bloomberg, Reuters, or Dow Jones), a client sentiment tool that shows long/short positioning, and research from Trading Central; it does not include Autochartist, TipRanks, or Acuity Trading. ATFX offers commentary, an economic calendar, Trading Central, and Autochartist, but it lacks top-tier news and a sentiment tool; TipRanks and Acuity Trading were not specified.

Feature City Index logoCity Index
ATFX logoATFX
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info No Yes
Trading Central info Yes Yes
Client sentiment data info Yes No
TipRanks info No
Acuity Trading info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginner traders comparing education at City Index versus ATFX, both brokers offer at least 10 beginner-focused videos to help you learn the basics. City Index stands out by hosting monthly client webinars and providing at least 10 advanced videos, giving you a clearer path from beginner to more experienced topics. ATFX does not run monthly educational webinars and does not meet the same threshold for advanced video content, making it more suited to self-paced beginners who prefer a simpler video library.

Independent ratings echo this gap: City Index earns 4.5 out of 5 stars for Education and ranks #9 out of 63 brokers at ForexBrokers.com, while ATFX scores 3 stars and ranks #28. If you value live sessions and a deeper curriculum that grows with you, City Index is the stronger pick; if you just want straightforward beginner videos, ATFX can still fit the bill.

Feature City Index logoCity Index
ATFX logoATFX
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that City Index is better than ATFX. City Index finished with an overall rank of #8, while ATFX finished with an overall rank of #51.

Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.

Feature City Index logoCity Index
ATFX logoATFX
Overall Rating info 5/5 Stars 4/5 Stars
Trust Score info 99 85
Range of Investments 5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Platforms & Tools 4.5/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 3/5 Stars
Mobile Trading 4.5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with City Index or ATFX?

In the City Index vs ATFX comparison, neither broker lets you buy actual (delivered) cryptocurrency, but both offer cryptocurrency CFDs for trading.

What funding options does each broker offer?

City Index vs ATFX funding methods: City Index supports ACH/SEPA, PayPal and bank wires for deposits and withdrawals (not Skrill), while ATFX does not support ACH/SEPA and its availability of PayPal, Skrill, Visa/Mastercard and bank wires is not specified.

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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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Overall Rating City Index ATFX
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score info 99 85
Winner check_circle
Review City Index Review
Broker Screenshots City Index ATFX
Broker Gallery (click to expand) info
City Index MetaTrader 4 mobile trading app City Index web platform trading. City Index web platform research Trading Central City Index educational course advanced.
Regulation City Index ATFX
Trust Score info 99 85
Year Founded info 1983 2017
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 7 4
Tier-2 Licenses info 1 2
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) City Index ATFX
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No Yes
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) City Index ATFX
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA, FSRA, or SCA Authorised) info Yes Yes info
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No
Investments City Index ATFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 150
Forex Pairs (Total) info 66 44
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost City Index ATFX
Average spread (EUR/USD) - Standard account info 1.4 info N/A info
All-in Cost EUR/USD - Active info 0.74 info N/A info
Inactivity Fee info Yes No
Order execution: Agency info No No
Order execution: Market Maker info Yes Yes
Funding City Index ATFX
Minimum Deposit info £100.00 $500
PayPal (Deposit/Withdraw) info Yes
Skrill (Deposit/Withdraw) info No
Bank Wire (Deposit/Withdraw) info Yes
Non-wire bank transfer info Yes No
Trading Platforms City Index ATFX
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
Trading Tools City Index ATFX
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 88 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading City Index ATFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 88 7
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research City Index ATFX
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info No Yes
Trading Central info Yes Yes
TipRanks info No
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education City Index ATFX
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs City Index ATFX
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review City Index Review
Overall City Index ATFX
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score info 99 85
Winner check_circle
Review City Index Review
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