AAATrade Vs. City Index - Compare Trustworthiness, Capabilities, Fees and Legitimacy

AAATrade is a Cyprus based broker established in 2013, that offers a variety of financial instruments including contracts for difference (CFDs), forex, stock, commodities, cryptocurrencies and others.

City Index is a global broker founded in 1983 that holds 4 financial licenses and offers advanced trading platforms, mobile apps, diverse market research tools and an extensive range of markets.

• Beginner traders looking for a simple web and mobile platform to get started
• Passive investors looking for real equity

• Intermediate and experienced traders looking for a great asset variety on CFDs
• Experienced traders looking to trade options over 17 asset classes
• Share and ETF traders looking for a comprehensive offering

• CySec (Cyprus)

• FCA (UK)
• ASIC (Australia)
• MAS (Singapore)
• ADGM (United Arab Emirates)

• Simple and friendly proprietary trading platform
• Intuitive overview of account analytics
• Wide variety of CFDs and real equities

• All assets are CFDs, there is no possibility to buy real stocks or ETFs
• Cryptocurrency offering is below most of its competitors (only 5)
• While easy to execute a trade, platform is difficult for a novice to navigate

• Above-average FX spreads
• High fees (depending on the deposit / withdrawal methods)
• High deposit requirements for advanced services ($25,000 , $100,000)

• All assets are CFDs, there is no possibility to buy real stocks or ETFs
• Cryptocurrency offering is below most of its competitors (only 5)
• While easy to execute a trade, platform is difficult for a novice to navigate

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• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Credit Card
• Debit Card
• Wire Transfer
• Skrill
• Neteller
• FasaPay
• UnionPay
• Giropay
• QIWI
• Cryptocurrencies

• Visa
• Mastercard
• Maestro
• Electron
• PayPal
• Bank Transfer

US, AS, AI, BB, FJ, GU, PW, PA, WS, SC, TT, VU, AL, BS, BW, KH, GH, JM, MU, MM, NI, PK, UG, SY, YE, ZW, IR, KR, AF, IQ, MN.

US, CA, SY, IR.

€15 after 3 months of inactivity.

12£ monthly after 1 year of inactivity.

From 0.2% for cryptocurrency, credit and debit cards up to 5% for alternative payments. Direct wire transfers have a fee of €10.

Wire transfers have a €10 fee.

• No commissions on novice accounts.
• Commission free trading for stock ETFs on Experienced accounts
• FX commissions are $4-$8 per lot depending whether the pair is major, minor or exotic.

• Spread betting markets have no commission
• CFDs or FX trading has no commission as well (except equities: shares & ETFs)
• Equity commissions depend on the market’s location (eg: UK and Europe have a 0.08% of transaction value fee, US equities and Asian ones have different percentages as well)
• The minimum equity commission rates are $10, £10 or 10€.