Comparison of Alvexo and City Index
| Feature | Alvexo | City Index |
|---|---|---|
| Broker | ||
| Year Founded | 2014 | 1983 |
| Broker Type | STP | MM |
| Dealing | A-book | B‑book |
| Execution | Market | Market |
| Regulation | SFSA | FCA, ASIC, MAS, FSRA‑ADGM |
| Platforms | Alvexo WebTrader, Mobile | WebTrader, MetaTrader 4 (MT4), TradingView |
| Spread | ⬈ High | ⬊ Low |
| Maximum Leverage | 1:400 | 1:400 |
| Minimum Deposit | $500 | $1 |
| Base Currencies | USD, EUR | GBP, USD, EUR, AUD, SGD, CHF, PLN |
| Funding Methods | Bank Wire, Credit/Debit Cards, PayPal, Apple Pay, Google Pay, Skrill | Credit/Debit Card, Bank Transfer, PayPal |
| Inactivity Fee | Tiered up to $2 500/mo after 30 days idle | £12/month after 12 months of inactivity |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | - | FSCS |
| Protection Size | - | £85000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✔ |
| Copy Trading | ✖ | ✖ |
| VPS | ✖ | ✖ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✖ | ✖ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, Commodities, Cryptocurrencies, Bonds | Forex, Indices, Shares, Commodities, Cryptocurrencies |
| Review | Alvexo Review | City Index Review |
About Alvexo
Founded in 2014, Alvexo is a multi-asset CFD broker regulated by the Seychelles FSA. Traders get 450+ instruments across FX, stocks, indices, commodities and crypto, plus a proprietary WebTrader and full-featured mobile app. Four live account tiers (Classic to Elite) offer progressively tighter spreads and higher leverage. Education is a key focus: Alvexo Plus delivers daily signals, webinars and market commentary. Despite strong education and platform choice, entry costs are steep: the Classic account starts at $500 and spreads from 2.9 pips; meaningful price-quality improvements demand deposits of $10 000+. A $100 inactivity fee kicks in after one month, and overall pricing is less competitive than top-tier STP brokers.
Pros
- 450+ tradable instruments and multi-asset coverage
- Rich education and daily trading signals
Cons
- High minimum deposits for better pricing
- Wide spreads on Classic account
- Monthly inactivity fee after 1 month
- Offshore FSA licence
- No cent or PAMM/MAM accounts
About City Index
City Index is a broker owned by StoneX, founded in 1983. The company offers more than 13,000 markets, ranging from currency pairs and global indices to spread betting in the UK. Trading is available on web, desktop, and mobile platforms: MT4 and TradingView. Regulated by the FCA, ASIC, MAS, and ADGM, the broker offers low floating spreads from 0.7 pips, guaranteed stop losses, negative balance protection, and VIP rebates for active traders.
Pros
- Low minimum deposit and fast onboarding
- 80+ FX pairs plus 13000 CFDs & spread bets
- Tier‑1 regulation (FCA, ASIC, MAS) and FSCS cover
- Choice of WebTrader, MT4 and TradingView
- Guaranteed stop‑loss orders & negative‑balance protection
Cons
- Retail leverage capped at 1:30 in UK/EU
- No crypto deposits and no deposit bonuses
Alvexo & City Index Regulation
| Feature | Alvexo | City Index |
|---|---|---|
Companies | HSN Capital Group Ltd | StoneX Financial Ltd (UK), StoneX Financial Pty Ltd (AU), City Index Asia Pte Ltd (SG), StoneX Financial (ME) Ltd (UAE) |
Countries | Seychelles | United Kingdom, Australia, Singapore, United Arab Emirates |
Regulators | SFSA | FCA, ASIC, MAS, FSRA‑ADGM |
Investor Protection | - | FSCS |
Investor Protection Size | - | £85000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Alvexo | City Index |
|---|---|---|
Market Maker Account | ||
| Account Name | Classic | Standard |
| Min Deposit | $500 | $1 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 2.9 | 0.7 |
| Fee | No | No |
| Max Leverage | 1:100 | 1:400 |
| Stop Out | 40% | 50% |
| Margin Call | 75% | 100% |
STP Account | ||
| Account Name | Gold | — |
| Min Deposit | $10 000 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 2.2 | — |
| Fee | No | — |
| Max Leverage | 1:200 | — |
| Stop Out | 35% | — |
| Margin Call | 75% | — |
Fix Spread Account | ||
| Account Name | — | Fixed Spread |
| Min Deposit | — | $0 |
| Lot Size | — | 0.01 |
| Spread Type | — | Fixed |
| Execution | — | Instant |
| Min Spread | — | 1 |
| Fee | — | No |
| Max Leverage | — | 1:400 |
| Stop Out | — | 50% |
| Margin Call | — | 100% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | Alvexo | City Index |
|---|---|---|
Base currencies | USD, EUR | GBP, USD, EUR, AUD, SGD, CHF, PLN |
Deposit and withdrawal methods | Bank Wire, Credit/Debit Cards, PayPal, Apple Pay, Google Pay, Skrill | Credit/Debit Card, Bank Transfer, PayPal |
Inactivity fee | Tiered up to $2 500/mo after 30 days idle | £12/month after 12 months of inactivity |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | Alvexo | City Index |
|---|---|---|
Trading Platforms | Alvexo WebTrader, Mobile | WebTrader, MetaTrader 4 (MT4), TradingView |
Execution Speed | - | 20 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | high | low |
Trading Assets
| Asset | Alvexo | City Index |
|---|---|---|
Currencies | 58 | 84 |
Indices | 15 | 21 |
Stocks | 330 | 4500 |
Cryptocurrencies | 22 | 25 |
Bonds | 2 | 0 |
Metals | 5 | 8 |
Energies | 5 | 4 |
Soft Commodities | 4 | 9 |
ETFs | 12 | 100 |
Education and Analytics
| Feature | Alvexo | City Index |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | Alvexo | City Index |
|---|---|---|
Email | support@alvexo.com | support@cityindex.com |
Phone | +41449746327 | +442075508500 |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | ||
Twitter |
Which Broker is Better?
After comparing Alvexo and City Index, City Index comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.