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City Index vs AvaTrade 2019

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Is AvaTrade better than City Index? After grading forex brokers on nearly 100 different variables, City Index is better than AvaTrade. Beyond its extensive range of products, multi-asset traders can confidently choose City Index for competitive spreads, premium research tools, and versatile charting including mobile, all under the backing of GAIN Capital, which is one of the largest retail brokers globally.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Overall Rating

Feature City Index AvaTrade
Overall 4 3
City Index Review AvaTrade Review
70% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature City Index AvaTrade
Trust Score 91 82
Year Founded
1983 2006
Publicly Traded (Listed)
Yes No
Bank
No No
Tier-1 Licenses
6 2
Tier-2 Licenses
0 1
Tier-3 Licenses
0 2
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature City Index AvaTrade
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
Yes Yes
SFC Authorised (Hong Kong)
Yes No
FSA Authorised (Japan)
Yes Yes
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes No
CFTC Registered (USA)
No No

Tier-2 Licenses

Feature City Index AvaTrade
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
No No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
No No
CBR Authorised (Russia)
No No
FSB Authorised (South Africa)
No Yes
SEC Authorised (Thailand)
No No
DFSA / Central Bank Authorised (UAE)
No No

Tier-3 Licenses

Feature City Index AvaTrade
FSC Authorised (British Virgin Islands)
No Yes
FSC Authorised (Mauritius)
No No
Offshore Authorised
No Yes

Investments

Feature City Index AvaTrade
Forex: Spot Trading
Yes Yes
Currency Pairs (Total Forex pairs)
84 60
CFDs - Total Offered
4500 171
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 4 3
Winner check_circle

Cost

Feature City Index AvaTrade
Average Spread EUR/USD - Standard
0.77 (as of Q3 2018) 0.7 (as of Q3 2018)
All-in Cost EUR/USD - Active
0.77 (as of Q3 2018) N/A
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4.5 3.5
Winner check_circle

Funding

Feature City Index AvaTrade
Minimum Initial Deposit
£100.00 $100.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No Yes
Skrill (Deposit/Withdraw)
No Yes
UnionPay (Deposit/Withdraw)
No No

Trading Platforms

Feature City Index AvaTrade
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No No
cTrader
No No

Trading Tools

Feature City Index AvaTrade
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
18 7
Charting - Indicators / Studies (Total)
139 51
Charting - Drawing Tools (Total)
25 31
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4 3.5
Winner check_circle

Mobile Trading

Feature City Index AvaTrade
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes No
Charting - Indicators / Studies
7 30
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
No Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
Yes No
Mobile Trading 4 3
Winner check_circle

Research

Feature City Index AvaTrade
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes No
Weekly Webinars
No No
AutoChartist
Yes Yes
Trading Central (Recognia)
Yes No
Delkos Research
No No
Social Trading / Copy-Trading
Yes Yes
Social Sentiment - Currency Pairs
No No
Economic Calendar
Yes Yes
Research 4 3
Winner check_circle

Education

Feature City Index AvaTrade
Has Education - Forex
Yes Yes
Has Education - CFDs
Yes No
Client Webinars
Yes No
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes
Tutorials/Guide (PDF or Interactive)
Yes Yes
Education 4 4
Winner check_circle

Major Forex Pairs

Feature City Index AvaTrade
GBPUSD (or USDGBP)
Yes Yes
USDJPY (or JPYUSD)
Yes Yes
EURUSD (or USDEUR)
Yes Yes
USDCHF (or CHFUSD)
Yes Yes
USDCAD (or CADUSD)
Yes Yes
NZDUSD (or USDNZD)
Yes Yes
AUDUSD (or USDAUD)
Yes Yes
USDCNH (or CNHUSD)
No Yes
USDSGD (or SGDUSD)
Yes Yes

Overall

Feature City Index AvaTrade
City Index Review AvaTrade Review
Overall 4 3
Winner check_circle
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare AvaTrade 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 4.50 star rating over AvaTrade's 3.50 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. Both AvaTrade and City Index are regulated in a major hub. City Index is a publicly traded company, AvaTrade isn't. How many currency pairs are available to trade? City Index boasts an offering of 84 different currency pairs compared to AvaTrade's 60 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. Both AvaTrade and 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. City Index trails AvaTrade by 6 total charting tools, with AvaTrade offering 31 and City Index offering 25. City Index boasts an offering of 139 different indicators (for example, moving averages) compared to AvaTrade's 51 available indicators.

AvaTrade Review
City Index Review


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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