AvaTrade
City Index
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Forex and CFD traders looking for an option to use MetaTrader platforms
Recommended for Forex and CFD traders looking for low forex fees and great research tools
Ireland
UK
Fees
Low trading fees, average non-trading fees, high inactivity fee
Low trading and average non-trading fees, high stock CFD fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
7
3
Deposit type
Withdrawal type
Account opening
$100
$0
1 day
1 day
Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / credit card statement
Trading platform
Markets and products
Disclaimer: 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Disclaimer: 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Great
Great
Customer service
Security
€20,000 for EU clients, no protection for other clients
£85,000 for clients under FCA, no investor protection for other clients
2006
1983
Ireland, Australia, Japan, South Africa, Abu Dhabi, British Virgin Islands, Israel
UK, Australia, Singapore
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
AvaTrade's service is on par with City Index's and a comparison of their fees shows that AvaTrade's fees are similar to City Index's.
Account opening takes about the same effort at AvaTrade compared to City Index, deposit and withdrawal processes are about the same quality at AvaTrade, while customer service quality is somewhat better than City Index's.
Our experts rated the trading platform of AvaTrade as being of the same quality as the platform of City Index, found that clients have access to about the same number of markets and products with AvaTrade, while City Index provides just about the same quality of research and education.