ATFX and City Index meet in a tight, cross-border comparison of regulation, pricing, and platforms. The tension centers on instrument breadth versus platform depth.
Find out which broker best suits your trader profile.
Choose if…
Choose ATFX if you want no inactivity fee and multilingual support.
Choose if…
Choose City Index if you want a broad instrument universe, advanced charting, and a proprietary platform.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 4.2/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5 | 4.6 / 5▲ |
Pros
FCA (UK), CySEC (EU), and FSCA (SA) licensing
300+ instruments including ETF CFDs and bond CFDs
FSCS protection up to GBP 85,000 for UK clients
No minimum deposit, no inactivity fee
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | ATFX | City Index |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Fail |
ATFX and City Index share the same editorial score of 4.2/5. One concrete differentiator: City Index has tighter spreads from 0.5 pips.
City Index starts from 0.5 pips, tighter than ATFX's 1.8 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Neither ATFX nor City Index requires a minimum deposit, making both accessible regardless of starting capital.
Both ATFX and City Index hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
ATFX lists maximum leverage of 400:1, while City Index lists up to 30:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
ATFX supports MetaTrader 4, while City Index supports Proprietary Web/Mobile, TradingView, MetaTrader 4. Both provide MetaTrader 4. City Index has exclusive access to Proprietary Web/Mobile and TradingView.
City Index offers tighter spreads from 0.50 pips vs 1.80 pips for ATFX, reducing trading costs.
Equally matched as both offer major regulators and segregated client funds.
City Index is better suited for scalpers: tighter spreads from 0.50 pips.
City Index provides a proprietary platform alongside MT4/MT5.
ATFX offers no inactivity fee and MT4 access for ease.
Fees & Spreads 30% weight | 3.8 / 5 | 4.3 / 5▲ |
|---|
Platforms & Tools 20% weight | 3.7 / 5 | 4.2 / 5▲ |
|---|
Customer Support 10% weight | 4.2 / 5▲ | 4.1 / 5 |
|---|
| Founded | 2017 | 1983 |
|---|
| Headquarters | London, United Kingdom | London, United Kingdom |
|---|
| Min Deposit | No minimum | No minimum |
|---|
| Spreads From | 1.8 pips | 0.5 pips▼ lower |
|---|
| Commission / lot | N/A | N/A |
|---|
| Max Leverage | 400:1▲ higher | 30:1 |
|---|
| Inactivity Fee | None | $12/month (after 12 months) |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit cardPayPal |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transferCredit card |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | CySEC FCA FSCA | ASIC FCA MAS |
|---|
| Platforms | MetaTrader 4 | Proprietary Web/Mobile TradingView MetaTrader 4 |
|---|
| Active bonuses |
|---|
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
FCA-regulated since 1983, backed by Nasdaq-listed StoneX Group
13,500+ markets including UK spread betting
TradingView integration for chart-based order execution
EUR/USD from 0.5 pips, competitive for a spread-only desk
FSCS protection up to GBP 85,000 for UK clients
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Cons
MT4 only, no MT5, cTrader, or proprietary platform
Standard spreads from 1.8 pips are not ECN-competitive
Relatively young broker, founded 2017
No raw spread account option
Limited charting capabilities
Cons
Inactivity fee after 12 months of no trading
Not available to US residents
Proprietary platform visual design lags behind IG and Saxo
Research depth weaker than IG's Reuters/Morningstar environment
No raw spread account option
Support available in limited languages
ATFX and City Index are closely matched; the clearest differentiator is instrument breadth, with City Index offering about 13,500 markets versus ATFX’s 300.
Dig deeper into each broker’s features, fees, and regulation.
Score 4.2 / 5
Score 4.2 / 5
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