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


Visit 69% of retail CFD accounts lose money.	Visit 69.23% of retail CFD accounts lose money.
Overview
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.	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.
Best For
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	Beginner traders looking for a simple web and mobile platform to get started Passive investors looking for real equity
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 4 Other Licenses 0 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 0 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
FCA (UK) ASIC (Australia) MAS (Singapore) ADGM (United Arab Emirates)	CySec (Cyprus)
The Good
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	Simple and friendly proprietary trading platform Intuitive overview of account analytics Wide variety of CFDs and real equities
The Bad
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)
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
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.
📍 Year Founded
1983	2013
💳 Minimum Deposit Range
$100	$500
💰 Payment Methods
Visa Mastercard Maestro Electron PayPal Bank Transfer	Credit Card Debit Card Wire Transfer Skrill Neteller FasaPay UnionPay Giropay QIWI Cryptocurrencies
💵 Account Base Currencies
8 - GBP, USD, EUR, AUD, JPY, PLN, HUF, CHF.	3 - EUR, USD, GBP.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, SY, IR.	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.
📊 STP Account
No	Yes
📊 DMA Account
No	Yes
📊 ECN Account
No	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
5,412	2,162
Exchange Access
0	25
📙 Real Stocks
0	1,000
📙 Stock CFDs
4,500	1,000
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
84	80
📗 Commodities
0	0
📗 Commodities CFDs
30	4
📕 Indices
0	0
📕 Indices CFDs
25	12
📔 ETFs
0	0
📔 ETFs CFDs
740	5
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
5	50
📒 Bonds
0	0
📒 Bonds CFDs
11	4
📓 Options
0	0
📓 Options CFDs
17	0
📗 Futures
0	0
📗 Futures CFDs
0	7
Trading Experience
📈 Minimum Stock Trade Size
Variable - Fractions Allowed	1 share
📉 Minimum ETFs Trade Size
Variable - Fractions Allowed	1 ETF
📈 Minimum Crypto Trade Size
Variable (eg: 0.01 BTC, 1 LTC)	Varies per Cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 lots)
📉 Minimum Bonds Trade Size
1 Unit	100 units
📈 Minimum Futures Trade Size
Unavailable	$1,000 (0.01 lots)
📉 Minimum Options Trade Size
1 Contract	Unavailable
💪 Retail Leverage
30	30
💪 Professional Leverage
500	500
✍ Customisable Leverage
No	Yes
🎲 Deleveraged Trading
No	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	No
📺 MetaTrader 5
No	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	No
💻 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	No
Fees
💰 Inactivity Fee
12£ monthly after 1 year of inactivity.	€15 after 3 months of inactivity.
💰 Deposit Fees
None	From 0.2% for cryptocurrency, credit and debit cards up to 5% for alternative payments. Direct wire transfers have a fee of €10.
💰 Withdrawal Fees
None	Wire transfers have a €10 fee.
💰 Commissions
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€.	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.
Spreads
📈 EUR/USD
Dynamic - From 0.8 Pips	Dynamic - From 2 Pips
📉 SP500
Dynamic - From 60 Pips	Dynamic - From 50 Pips
📈 GOLD
From 50 Pips	Dynamic - From 95 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Dynamic - From $0.21
📈 XLK (ETF - CFD)
Dynamic - Market Spread	Dynamic - From $0.01
📉 BTC
Dynamic - From $120	Dynamic - From $511
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	Yes
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	Yes
📡 Reuters Feed
Yes	No
📡 Educational Content
No	Yes
📡 Live Chat Support
Yes	No
📡 Video Tutorials
No	No
📡 Account Management
No	Yes
📡 Webinars
No	No