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City Index vs AxiTrader Review

Steven Hatzakis

By Steven Hatzakis / April 16th, 2019

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Is AxiTrader better than City Index? After assessing forex brokers on nearly 100 different variables, City Index is better than AxiTrader. 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
Regulation
Trust Score
Year Founded
Publicly-Traded Company (Listed)
Regulated in Major Hub
Regulated in Emerging Hub
CFTC Registered (USA)
Authorised in the European Union
FCA Authorised (UK)
FINMA Authorised (Switzerland)
ASIC Authorised (Australia)
MAS Authorised (Singapore)
IIROC Authorised (Canada)
SFC Authorised (Hong Kong)
FSA Authorised (Japan)
CySEC Authorised (Cyprus)
FMA Authorised (New Zealand)
Investments
Forex: Spot Trading
Currency Pairs (Total Forex pairs)
CFDs - Total Offered
Cryptocurrency traded as actual
Cryptocurrency traded as CFD
Offering of Investments
Winner
Cost
Average Spread EUR/USD - Standard
All-in Cost EUR/USD - Active
Active Trader or Premium/VIP
Commissions & Fees
Winner
Funding
Minimum Initial Deposit
Bank Wire (Deposit/Withdraw)
Visa/Mastercard (Credit/Debit)
PayPal (Deposit/Withdraw)
Skrill (Deposit/Withdraw)
UnionPay (Deposit/Withdraw)
Trading Platforms
Proprietary Platform
Desktop Platform (Windows)
Web Platform
Social Trading / Copy-Trading
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Trading Tools
Virtual Trading (Demo)
Alerts - Basic Fields
Watchlists - Total Fields
Charting - Indicators / Studies (Total)
Charting - Drawing Tools (Total)
Charting - Trade From Chart
Charting - Drawings Autosave
Order Type - Trailing Stop
Platform & Tools
Winner
Mobile Trading
Android App
Apple iOS App
Trading - Forex
Trading - CFDs
Alerts - Basic Fields
Watch List
Watch List Syncing
Charting - Indicators / Studies
Charting - Draw Trend Lines
Charting - Trend Lines Moveable
Charting - Multiple Time Frames
Charting - Drawings Autosave
Forex Calendar
Mobile Trading
Winner
Research
Daily Market Commentary
Forex News (Top-Tier Sources)
Weekly Webinars
AutoChartist
Trading Central (Recognia)
Delkos Research
Social Trading / Copy-Trading
Social Sentiment - Currency Pairs
Economic Calendar
Research
Winner
Education
Has Education - Forex
Has Education - CFDs
Client Webinars
Client Webinars (Archived)
Videos - Beginner Trading Videos
Videos - Advanced Trading Videos
Investor Dictionary (Glossary)
Tutorials/Guide (PDF or Interactive)
Education
Winner
Major Forex Pairs
GBPUSD (or USDGBP)
USDJPY (or JPYUSD)
EURUSD (or USDEUR)
USDCHF (or CHFUSD)
USDCAD (or CADUSD)
NZDUSD (or USDNZD)
AUDUSD (or USDAUD)
USDCNH (or CNHUSD)
USDSGD (or SGDUSD)
Overall
Overall
Winner
4
70% of retail CFD accounts lose money
 
92
1983
Yes
Yes
No
No
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
No
No
 
Yes
84
4500
No
Yes
4
check_circle
 
0.77 (as of Q3 2018)
0.77 (as of Q3 2018)
Yes
4.5
check_circle
 
£100.00
Yes
Yes
No
No
No
 
Yes
Yes
Yes
Yes
Yes
No
No
 
Yes
Yes
18
139
25
Yes
Yes
Yes
4
check_circle
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
7
Yes
No
Yes
No
Yes
4
check_circle
 
Yes
Yes
No
Yes
Yes
No
Yes
No
Yes
4
check_circle
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
4
check_circle
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
 
4
check_circle
3.5
74-89% of retail CFD accounts lose money
 
75
2007
No
Yes
Yes
No
Yes
Yes
No
Yes
No
No
No
No
No
Yes
 
Yes
80
65
No
Yes
3
 
1.24 (as of Feb 17)
1.14 (as of Feb 17)
Yes
3.5
 
$0.00 - $1000
Yes
Yes
No
Yes
Yes
 
No
Yes
Yes
Yes
Yes
No
No
 
Yes
Yes
7
51
31
Yes
Yes
Yes
2.5
 
Yes
Yes
Yes
Yes
Yes
Yes
No
30
Yes
No
Yes
No
No
3
 
Yes
Yes
No
Yes
No
No
Yes
Yes
Yes
3.5
 
Yes
Yes
Yes
No
Yes
No
No
Yes
3
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
After spending several months and hundreds of hours researching 28 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 2,200 data points. For this review, we will compare AxiTrader vs City Index.

To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. City Index is a better option with a 4.50 star rating over AxiTrader's 3.50 star rating.

Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Both AxiTrader and City Index are regulated in a major hub. City Index is a publicly traded company while AxiTrader is not. As far as how many currency pairs are available for trading, here's the answer. City Index boasts an offering of 84 different currency pairs compared to AxiTrader's 53 available pairs.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Both AxiTrader and City Index offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. AxiTrader boasts an offering of 31 charting tools compared to City Index's 25 available charting tools. City Index offers its clients access to 139 different indicators (for example, volume) while AxiTrader has 51 available indicators, a difference of 88.

AxiTrader 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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