Comparison of Axi and City Index
| Feature | Axi | City Index |
|---|---|---|
| Broker | ||
| Year Founded | 2007 | 1983 |
| Broker Type | STP | MM |
| Dealing | A-book | B‑book |
| Execution | Market | Market |
| Regulation | SVGFSA, ASIC, NZ FMA, DFSA, FCA | FCA, ASIC, MAS, FSRA‑ADGM |
| Platforms | MetaTrader 4 (MT4), Axi Trading Platform | WebTrader, MetaTrader 4 (MT4), TradingView |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:500 | 1:400 |
| Minimum Deposit | $1 | $1 |
| Base Currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD | GBP, USD, EUR, AUD, SGD, CHF, PLN |
| Funding Methods | Bank Wire, Credit/Debit Cards (Visa/Mastercard), Skrill, Neteller, PayPal, Bpay, FasaPay, Alipay, Sofort, POLi, Bitcoin (BTC) | Credit/Debit Card, Bank Transfer, PayPal |
| Inactivity Fee | $10/month after 12 months of no trading activity | £12/month after 12 months of inactivity |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | FSCS | FSCS |
| Protection Size | £85 000 | £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, Shares (CFDs), Commodities, Cryptocurrencies | Forex, Indices, Shares, Commodities, Cryptocurrencies |
| Review | Axi Review | City Index Review |
About Axi
Axi is a multi-regulated broker founded in 2007 with a straightforward account setup: commission-free Standard or raw-spread Pro, and a VIP Elite tier. Traders can use MT4, MT5 (in selected regions), or the Axi Trading Platform, plus a dedicated Copy Trading app. The product list spans Forex, indices, commodities, 100+ share CFDs, ~30 crypto CFDs, and ETF CFDs. Add-ons include Autochartist, Trading Central, VPS, and the Axi Select funding program.
Pros
- Multi-entity regulation
- Elite VIP with ~$25k balance and $3.5 commission per lot
- Solid toolkit: Autochartist, Trading Central, VPS options
- Flexible funding incl. cards, e-wallets, and crypto; broad base currencies
Cons
- Inactivity fee after 12 months of no trading
- Share CFD universe is modest (~100 names) vs. largest competitors
- Elite requires high balance; not suitable for small 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
Axi & City Index Regulation
| Feature | Axi | City Index |
|---|---|---|
Companies | AxiTrader Limited (AxiTrader), AxiCorp Financial Services Pty Ltd (AFSPL), AxiCorp Financial Services Pty Ltd (DIFC Branch), Axi Financial Services (UK) | StoneX Financial Ltd (UK), StoneX Financial Pty Ltd (AU), City Index Asia Pte Ltd (SG), StoneX Financial (ME) Ltd (UAE) |
Countries | St. Vincent and the Grenadines, Australia, United Arab Emirates, United Kingdom | United Kingdom, Australia, Singapore, United Arab Emirates |
Regulators | SVGFSA, ASIC, NZ FMA, DFSA, FCA | FCA, ASIC, MAS, FSRA‑ADGM |
Investor Protection | FSCS | FSCS |
Investor Protection Size | £85 000 | £85000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
Axi
AxiTrader Limited (AxiTrader), AxiCorp Financial Services Pty Ltd (AFSPL), AxiCorp Financial Services Pty Ltd (DIFC Branch), Axi Financial Services (UK)
City Index
StoneX Financial Ltd (UK), StoneX Financial Pty Ltd (AU), City Index Asia Pte Ltd (SG), StoneX Financial (ME) Ltd (UAE)
Countries
Axi
St. Vincent and the Grenadines, Australia, United Arab Emirates, United Kingdom
City Index
United Kingdom, Australia, Singapore, United Arab Emirates
Regulators
Axi
SVGFSA, ASIC, NZ FMA, DFSA, FCA
City Index
FCA, ASIC, MAS, FSRA‑ADGM
Investor Protection
Axi
FSCS
City Index
FSCS
Investor Protection Size
Axi
£85 000
City Index
£85000
Publicly Traded
Axi
City Index
Segregated Accounts
Axi
City Index
Guaranteed Stop Loss
Axi
City Index
Negative Balance Protection
Axi
City Index
Account Types
| Account | Axi | City Index |
|---|---|---|
Market Maker Account | ||
| Account Name | — | Standard |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.7 |
| Fee | — | No |
| Max Leverage | — | 1:400 |
| Stop Out | — | 50% |
| Margin Call | — | 100% |
STP Account | ||
| Account Name | Standard | — |
| Min Deposit | $1 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.9 | — |
| Fee | No | — |
| Max Leverage | 1:500 | — |
| Stop Out | 20% | — |
| Margin Call | 100% | — |
Zero Account | ||
| Account Name | Pro | — |
| Min Deposit | $1 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.0 | — |
| Fee | $7 per 1 lot | — |
| Max Leverage | 1:500 | — |
| Stop Out | 20% | — |
| Margin Call | 100% | — |
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 | ||
Market Maker Account
Account Name
Axi
—
City Index
Standard
Min Deposit
Axi
—
City Index
$1
Lot Size
Axi
—
City Index
0.01
Spread Type
Axi
—
City Index
Floating
Execution
Axi
—
City Index
Market
Min Spread
Axi
—
City Index
0.7
Fee
Axi
—
City Index
No
Max Leverage
Axi
—
City Index
1:400
Stop Out
Axi
—
City Index
50%
Margin Call
Axi
—
City Index
100%
STP Account
Account Name
Axi
Standard
City Index
—
Min Deposit
Axi
$1
City Index
—
Lot Size
Axi
0.01
City Index
—
Spread Type
Axi
Floating
City Index
—
Execution
Axi
Market
City Index
—
Min Spread
Axi
0.9
City Index
—
Fee
Axi
No
City Index
—
Max Leverage
Axi
1:500
City Index
—
Stop Out
Axi
20%
City Index
—
Margin Call
Axi
100%
City Index
—
Zero Account
Account Name
Axi
Pro
City Index
—
Min Deposit
Axi
$1
City Index
—
Lot Size
Axi
0.01
City Index
—
Spread Type
Axi
Floating
City Index
—
Execution
Axi
Market
City Index
—
Min Spread
Axi
0.0
City Index
—
Fee
Axi
$7 per 1 lot
City Index
—
Max Leverage
Axi
1:500
City Index
—
Stop Out
Axi
20%
City Index
—
Margin Call
Axi
100%
City Index
—
Fix Spread Account
Account Name
Axi
—
City Index
Fixed Spread
Min Deposit
Axi
—
City Index
$0
Lot Size
Axi
—
City Index
0.01
Spread Type
Axi
—
City Index
Fixed
Execution
Axi
—
City Index
Instant
Min Spread
Axi
—
City Index
1
Fee
Axi
—
City Index
No
Max Leverage
Axi
—
City Index
1:400
Stop Out
Axi
—
City Index
50%
Margin Call
Axi
—
City Index
100%
Additional Features
Demo Account
Axi
City Index
VIP Account
Axi
City Index
Swap-Free Account
Axi
City Index
Copy Trading
Axi
City Index
VPS
Axi
City Index
PAMM/MAM Accounts
Axi
City Index
Funding and Fees
| Feature | Axi | City Index |
|---|---|---|
Base currencies | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD | GBP, USD, EUR, AUD, SGD, CHF, PLN |
Deposit and withdrawal methods | Bank Wire, Credit/Debit Cards (Visa/Mastercard), Skrill, Neteller, PayPal, Bpay, FasaPay, Alipay, Sofort, POLi, Bitcoin (BTC) | Credit/Debit Card, Bank Transfer, PayPal |
Inactivity fee | $10/month after 12 months of no trading activity | £12/month after 12 months of inactivity |
Interest on margin | ||
Withdrawal fee |
Base currencies
Axi
AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
City Index
GBP, USD, EUR, AUD, SGD, CHF, PLN
Deposit and withdrawal methods
Axi
Bank Wire, Credit/Debit Cards (Visa/Mastercard), Skrill, Neteller, PayPal, Bpay, FasaPay, Alipay, Sofort, POLi, Bitcoin (BTC)
City Index
Credit/Debit Card, Bank Transfer, PayPal
Inactivity fee
Axi
$10/month after 12 months of no trading activity
City Index
£12/month after 12 months of inactivity
Interest on margin
Axi
City Index
Withdrawal fee
Axi
City Index
Trading Platforms and Conditions
| Feature | Axi | City Index |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), Axi Trading Platform | WebTrader, MetaTrader 4 (MT4), TradingView |
Execution Speed | - | 20 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Platforms
Axi
MetaTrader 4 (MT4), Axi Trading Platform
City Index
WebTrader, MetaTrader 4 (MT4), TradingView
Execution Speed
Axi
-
City Index
20 ms
Scalping
Axi
City Index
Expert Advisors (EAs)
Axi
City Index
Depth of Market (DOM)
Axi
City Index
Spread
Axi
low
City Index
low
Trading Assets
| Asset | Axi | City Index |
|---|---|---|
Currencies | 69 | 84 |
Indices | 31 | 21 |
Stocks | 144 | 4500 |
Cryptocurrencies | 35 | 25 |
Bonds | 0 | 0 |
Metals | 8 | 8 |
Energies | 5 | 4 |
Soft Commodities | 3 | 9 |
ETFs | 0 | 100 |
Currencies
Axi
69
City Index
84
Indices
Axi
31
City Index
21
Stocks
Axi
144
City Index
4500
Cryptocurrencies
Axi
35
City Index
25
Bonds
Axi
0
City Index
0
Metals
Axi
8
City Index
8
Energies
Axi
5
City Index
4
Soft Commodities
Axi
3
City Index
9
ETFs
Axi
0
City Index
100
Education and Analytics
| Feature | Axi | City Index |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
Axi
City Index
Indicators
Axi
City Index
Robots
Axi
City Index
Signals
Axi
City Index
Autochartist
Axi
City Index
Expert Analytics
Axi
City Index
News Feed
Axi
City Index
Education Articles
Axi
City Index
Webinars
Axi
City Index
Seminars
Axi
City Index
Customer Support
| Contact | Axi | City Index |
|---|---|---|
Email | service@axi.com | support@cityindex.com |
Phone | +61 2 9965 5830 | +442075508500 |
Telegram | Telegram | — |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | ||
Twitter | ||
TikTok | TikTok | — |
Email
City Index
Phone
City Index
Telegram
Axi
City Index
—
TikTok
Axi
City Index
—
Which Broker is Better?
After comparing Axi 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.