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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
Trust rank #12 · Founded 2006
AvaTrade is a well-regarded forex and CFD broker offering multiple trading platforms, broad market access, and educational resources. It provides market research and risk management tools with an emphasis on platform reliability…
Read the AvaTrade review
Trust rank #16 · Founded 1983
City Index is a well-regarded, regulated forex broker offering forex and CFD trading across a broad range of markets via web and mobile platforms, supported by research, charting, and risk management tools.…
Read the City Index reviewAvaTrade (Ireland, founded 2006) holds 8 regulatory licences (ADGM FSRA, ASIC, BVI FSC, CBI, FFAJ…), 3 of them tier-1, offers MT4, MT5, Proprietary and sits in our low-fee bracket. City Index (United Kingdom, founded 1983) holds 2 regulatory licences (ASIC, FCA), 2 of them tier-1, offers MT4, Proprietary and sits in our low-fee bracket. The two overlap in 215 countries; AvaTrade is available in 1 countries where City Index is not, and City Index in 15 where AvaTrade is not.
Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
| Criteria | AvaTrade | City Index |
|---|---|---|
| Trust rank | #12 | #16 |
| Founded | 2006 | 1983 |
| Headquarters | Ireland | United Kingdom |
| Regulators | ADGM FSRA, ASIC, BVI FSC, CBI, FFAJ, FSCA, ISA, JFSA | ASIC, FCA |
| Broker type | Market Maker | Market Maker |
| Platforms | MT4, MT5, Proprietary | MT4, Proprietary |
| Instruments | Commodities, Cryptocurrencies, Forex, Indices, Metals | Commodities, Forex, Indices, Metals |
| Countries accepted | 216 countries | 230 countries |
| Fee level | Low | Low |
| Trading types | CFD Trading | CFD Trading, Spot Trading |
| Best-for use cases | Copy Trading, Retail Trading | Retail Trading |
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.
Available at both (215): Albania, American Samoa, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Burundi, Cabo Verde, Cambodia, Cameroon, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling) Islands, Colombia and 175 more.
Only AvaTrade (1): Canada.
Only City Index (15): Afghanistan, Algeria, Belgium, Guernsey, India, Iraq, Isle of Man, Jersey, Lebanon, Libya, New Zealand, Somalia, South Sudan, United Kingdom, Yemen.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
AvaTrade holds more regulatory licences: AvaTrade (ADGM FSRA, ASIC, BVI FSC, CBI, FFAJ, FSCA, ISA, JFSA) versus City Index (ASIC, FCA). Tier-1 licences: AvaTrade 3, City Index 2.
AvaTrade offers MT4, MT5, Proprietary; City Index offers MT4, Proprietary.
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
City Index is the older of the two, founded in 1983; AvaTrade was founded in 2006.
They overlap in 215 countries. AvaTrade is additionally available in 1 countries (Canada) and City Index in 15 countries (Afghanistan, Algeria, Belgium, Guernsey, India, Iraq and 9 more).
Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.