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City Index vs Axi 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of City Index vs Axi, 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
Axi
4/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 82
  • Tradeable Symbols (Total): 175

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 Axi are both well-known online brokers, but they differ in terms of trust and regulation. Founded in 1983, City Index has a long-standing presence in the industry and is publicly traded, enhancing its credibility. It boasts an impressive Trust Score of 99 out of 99 from ForexBrokers.com, reflecting its reputation as a highly trusted platform. City Index holds 7 Tier-1 licenses, making it a top choice for traders who prioritize security. In addition, it holds 1 Tier-2 license, further emphasizing its commitment to compliance and reliability.

In comparison, Axi was founded in 2007 and is not publicly traded. With a Trust Score of 82, Axi is considered a trusted option among users but falls short of City Index's exemplary standing. Axi possesses 2 Tier-1 licenses, indicating a solid level of trustworthiness, along with 1 Tier-2 license. While Axi is a dependable choice for traders, those seeking the highest regulatory credentials might lean towards City Index, given its extensive licensing and top Trust Score rating.

Feature City Index logoCity Index
Axi logoAxi
Year Founded info 1983 2007
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 7 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

When it comes to commissions and fees, City Index offers a competitive structure for trading CFDs, forex, and spread-betting products, aligning closely with industry standards. City Index customers can take advantage of better pricing by using the company's proprietary platforms or MetaTrader. Notably, City Index provides an enticing option for active traders with its Premium Trader account, available to those with deposits exceeding £10,000. This account offers a suite of benefits, including access to exclusive pricing and dedicated customer service. For standard CFD accounts, City Index maintains an average spread of 0.74 pips on EUR/USD, which places it at par with the industry average, although it still trails leaders like Tickmill and FP Markets. Additionally, City Index provides rebates to professional traders in the U.K. and Australia based on monthly trading volume, ranging from £4 to £7.5 per million and AUD $4.5 to AUD $14.5 per million, respectively.

In contrast, Axi does not publicly provide average spread data, making direct comparisons more challenging. Despite this lack of detailed fee information, Axi still manages to maintain a rating of 4 out of 5 stars for its commissions and fees. This contrasts with City Index's higher rating of 4.5 stars, reflecting its more detailed and potentially more favorable fee structure for traders who prioritize rebates and multiple account options.

In terms of rankings for commissions and fees, City Index stands at the 14th position out of 63 brokers listed by ForexBrokers.com. Axi ranks lower at 43rd. These rankings underscore City Index's slightly more advantageous pricing and fee offerings within the industry, bolstered by their active trader incentives and average spread transparency.

Feature City Index logoCity Index
Axi logoAxi
Minimum Deposit info £100.00 $0
Average Spread EUR/USD - Standard info 1.4 info N/A info
All-in Cost EUR/USD - Active info 0.74 info N/A info
Active Trader or VIP Discounts info Yes Yes
ACH or SEPA Transfers info Yes No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing the range of investments at City Index and Axi, there are distinct differences that might influence an investor's choice. City Index offers an impressive 13,500 tradeable symbols, significantly surpassing Axi's 175 symbols. Both brokers provide forex trading options in the form of CFDs or spot contracts, with City Index slightly edging out Axi by offering 66 tradeable forex pairs compared to Axi's 65. Neither of the brokers provide exchange-traded securities on U.S. or international exchanges, meaning clients won't be able to buy shares directly, such as Apple or Vodafone shares. Similarly, neither City Index nor Axi allows clients to buy actual cryptocurrencies, but both offer cryptocurrency derivatives as investment options.

In terms of added functionality, both brokers feature a copy trading option, which can be appealing to those new to trading or looking to follow more experienced investors. City Index takes a clear lead with a 5-star rating for Range of Investments, placing it at rank #8 out of 63 brokers on ForexBrokers.com, while Axi holds a 3.5-star rating and is ranked #56. These ratings reflect City Index's broader scope of tradeable symbols and investment opportunities, making it potentially more attractive for those seeking a wider variety of investment options.

Feature City Index logoCity Index
Axi logoAxi
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 175
Forex Pairs (Total) info 66 65
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) 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

When comparing City Index and Axi, both brokers provide a free virtual demo account, enabling traders to dip their toes into the platform with simulated trading. City Index takes an edge with its proprietary platform, offering a unique trading experience developed in-house, as opposed to Axi, which relies on external platforms. Both brokers provide platforms for Windows-based desktop downloads and browser-based trading, making them versatile for different user preferences. Both also offer the ubiquitous MetaTrader 4 (MT4), but neither support its successor, MetaTrader 5 (MT5). For those looking into social trading, both brokers include copy trading features, but only Axi integrates with ZuluTrade.

When it comes to charting tools, City Index provides a significant advantage with 239 drawing tools, compared to Axi's 15, although the exact number of technical indicators offered by each remains unspecified. Both brokers allow trading directly from charts, facilitating immediate actionable insights. In terms of watch list customization, City Index also leads with 11 column fields versus Axi's 7. This comprehensive offering reflects in their ratings, with City Index earning 4.5 stars for trading platforms and tools, ranking 11th out of 63 brokers, while Axi follows with a 3.5-star rating, positioned at 63rd. Such distinctions highlight City Index's stronger performance in delivering a richer trading experience.

Feature City Index logoCity Index
Axi logoAxi
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No No
DupliTrade info No No
ZuluTrade info No Yes
Charting - Indicators / Studies (Total) info 88 30
Charting - Drawing Tools (Total) info 239 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 11 7

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

Forex trading apps

When comparing mobile trading apps from City Index and Axi, both platforms provide iPhone and Android applications, making them accessible to a wide range of users. Both apps offer stock or forex price alerts and enable users to draw trendlines and view multiple time frames on charts. However, City Index holds an edge with several additional features not available in Axi's app. City Index supports watchlist symbol syncing, ensuring your watchlists are consistent across devices. This feature is absent in Axi's offering. Furthermore, City Index boasts 88 technical studies for charting, compared to Axi's 30, offering more tools for in-depth analysis. The City Index app also auto-saves chart drawings, a convenience that Axi does not provide.

Both platforms allow users to create watchlists with real-time quotes, enhancing their ability to monitor asset performance. User ratings reflect the differences between the two, with City Index receiving 4.5 stars for its mobile trading app compared to Axi's 3.5 stars. On ForexBrokers.com, City Index stands out with a ranking of #9 out of 63 brokers for mobile trading apps, while Axi is ranked #59. Overall, City Index's mobile trading app offers a more comprehensive and user-friendly experience for traders who value detailed analytics and syncing across devices.

Feature City Index logoCity Index
Axi logoAxi
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 88 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When comparing City Index and Axi for their market research offerings, City Index provides a slightly more comprehensive service. City Index stands out with daily market commentary and offers forex news from top-tier sources like Bloomberg and Reuters, similar to Axi. Additionally, City Index includes technical analysis tools from Trading Central and a sentiment-based trading tool, equipping traders with insightful data. While both brokers have economic calendars to track global events, City Index does not offer Autochartist tools, unlike Axi. However, neither offers research from TipRanks or Acuity Trading's tools.

Evaluating user experience, City Index is rated 4.5 stars for research, significantly higher than Axi's 3 stars. Reflecting this, City Index places 10th out of 63 in the research category on ForexBrokers.com, whereas Axi is ranked 55th. City Index's higher ranking showcases its superiority in providing users with reliable, varied research tools compared to Axi, making it a preferred choice for those seeking detailed market insights.

Feature City Index logoCity Index
Axi logoAxi
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for aspiring traders, City Index and Axi both offer a wide range of forex and CFD learning materials, ensuring beginners can get started with confidence. Both platforms provide over ten educational pieces each, spanning articles, videos, and webinars, making them solid choices for those looking to learn the ropes of trading. Additionally, each broker hosts online educational webinars monthly, which is a great way for traders to engage and learn in a dynamic setting. Also, both City Index and Axi cater to visual learners with educational videos designed for beginners.

However, City Index stands out with several added features. It offers a searchable archive of past webinars, allowing learners to revisit crucial learning sessions anytime. Additionally, City Index provides over ten advanced educational videos tailored for experienced traders, which Axi currently does not. Both platforms offer an investor dictionary with definitions of at least 50 investing terms, but City Index emerges as the more comprehensive option for educational resources. This is reflected in their ratings, with City Index scoring 4.5 stars for education compared to Axi’s 3 stars, and their respective rankings out of 63 brokers, where City Index ranks 9th and Axi 27th according to ForexBrokers.com.

Feature City Index logoCity Index
Axi logoAxi
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes

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 Axi. City Index finished with an overall rank of #8, while Axi finished with an overall rank of #49.

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
Axi logoAxi
Overall Rating info 5/5 Stars 4/5 Stars
Trust Score info 99 82
Range of Investments 5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 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 Axi?

Both City Index and Axi do not offer the ability to buy actual delivered cryptocurrencies, but they do provide the option to trade cryptocurrency derivatives.

What funding options does each broker offer?

City Index provides more flexible payment options compared to Axi, as it supports ACH/SEPA transfers and PayPal for depositing and withdrawing funds, alongside Visa, Mastercard, and bank wires, while Axi also accepts Visa, Mastercard, and bank wires but differs by offering Skrill as an option instead of ACH/SEPA transfers and PayPal.




announcementPlease note:

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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Compare

0 of 5
Overall Rating City Index Axi
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 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 82
Winner check_circle
Review City Index Review
Broker Screenshots City Index Axi
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation City Index Axi
Trust Score info 99 82
Year Founded info 1983 2007
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 7 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) City Index Axi
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info No No
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 No info
Tier-2 Licenses (Trusted) City Index Axi
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info Yes Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments City Index Axi
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 175
Forex Pairs (Total) info 66 65
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) 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 Axi
Average Spread EUR/USD - Standard info 1.4 info N/A info
All-in Cost EUR/USD - Active info 0.74 info N/A info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info Yes No
Execution: Agency Broker info No Yes
Execution: Market Maker info Yes Yes
Funding City Index Axi
Minimum Deposit info £100.00 $0
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes No
Trading Platforms City Index Axi
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No No
cTrader info No No
DupliTrade info No No
ZuluTrade info No Yes
Trading Tools City Index Axi
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 11 7
Charting - Indicators / Studies (Total) info 88 30
Charting - Drawing Tools (Total) info 239 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading City Index Axi
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 88 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes No
Research City Index Axi
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education City Index Axi
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs City Index Axi
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review City Index Review
Overall City Index Axi
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 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 82
Winner check_circle
Review City Index Review
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