AAATrade
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83.72% of retail CFD accounts lose money

Vs.

City Index
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67% of retail CFD accounts lose money.

AAATrade Vs. City Index - Compare and Choose the Right One

Updated Dec 22 2021

Visit

83.72% of retail CFD accounts lose money

Visit

67% of retail CFD accounts lose money.

Overview

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.

Best For
  • 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
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TTBTrust

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The Good
  • Simple and friendly proprietary trading platform
  • Intuitive overview of account analytics
  • Wide variety of CFDs and real equities
  • Very intuitive order placement panelEasy to execute a trade through various markets
  • Professional web platform with customisable workspaces
  • Integrated Reuters news feed directly in the platform
The Bad
  • 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
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 Day 1 Day
📋 Documents Required
  • 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.

🏛 Financial Regulators
  • CySec (Cyprus)
  • FCA (UK)
  • ASIC (Australia)
  • MAS (Singapore)
  • ADGM (United Arab Emirates)
📍 Year Founded
2013 1983
💳 Minimum Deposit
$500 $, €, £ - 100
💰 Payment Methods
  • Credit Card
  • Debit Card
  • Wire Transfer
  • Skrill
  • Neteller
  • FasaPay
  • UnionPay
  • Giropay
  • QIWI
  • Cryptocurrencies
  • Visa
  • Mastercard
  • Maestro
  • Electron
  • PayPal
  • Bank Transfer
💵 Account Base Currencies
3 - USD, EUR, GBP. 8 - GBP, USD, EUR, AUD, JPY, PLN, HUF, CHF.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
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.
📊 STP Account
Yes No
📊 DMA Account
Yes No
📊 ECN Account
No No
Assets
📚 Available Assets
  • Real stocks and ETFs
  • CFDs on stocks, ETFs, currencies, cryptocurrencies, commodities, indices and futures.

CFDs on stocks, ETFs,, currencies, commodities, cryptocurrencies, indices and bonds.

📙 Stocks
1,000+ 4,500+
📘 Currency Pairs
80+ 84
📗 Commodities
4 30
📕 Indices
12 25
📔 ETFs
5 740
💸 Cryptocurrencies
50+ 5
📒 Bonds
4 11
📓 Options
N/A Yes, option chains over 17 different products
📗 Futures
7 N/A
📝 Notes:

Almost all assets are CFDs, except for 45 blue chip stocks

City index offers both CFDs and spread betting.<

Trading Experience
📈 Minimum Stock Trade Size
1 Share Varies per share starting from fractional share trading (eg: 0.1 shares)
📉 Minimum ETFs Trade Size
1 ETF Varies per ETFs starting from fractional ETFs trading (eg: 0.1 ETFs)
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC) Varies per cryptocurrency - (eg: 0.01 BTC, 1 LTC)
📉 Minimum FX Trade Size
$1,000 (0.01 lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 lots) Varies per commodity
📉 Minimum Bonds Trade Size
!00 Units Varies per bond
📈 Minimum Futures Trade Size
$1,000 (0.01 lots) N/A
📉 Minimum Options Trade Size
N/A Varies per option
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:200 Up to 1:500
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
No Yes
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee

Yes, €15 after 3 months of inactivity.

Yes, 12£ monthly after 1 year of inactivity

💰 Deposit Fees

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

No
💰 Withdrawal Fees

No for debit/credit card and e-payment. Wire transfer has a €10 fee.

No
💰 Commissions
  • 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€.
Spreads
📈 EUR/USD
Dynamic - From 2 Pips Dynamic - From 0.8 Pips
📉 SP500
Dynamic - From 50 Pips Dynamic - From 60 Pips
📈 GOLD
Dynamic - From 95 Pips From 50 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.21 Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - From $0.01 Dynamic - Market Spread
📉 BTC
Dynamic - From $511 Dynamic - From $120
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
Yes (Partial) No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
Yes Yes

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