City Index
Axi
VS
Higher Rated
City Index
Capital at risk · T&Cs apply
Choosing between City Index and Axi depends on your trading style, preferred markets, and budget. City Index is headquartered in London, UK, while Axi operates from Sydney, Australia. City Index has the longer track record, established in 1983, compared to Axi which was founded in 2007. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
City Index
Axi
| City Index | Axi | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.6/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0.5 pips | 0 pips ✓ |
| Max Leverage | 1:200 | 1:500 ✓ |
| Regulation | FCA, ASIC, MAS ✓ | ASIC, FCA |
| Platforms | Proprietary Web, Proprietary Mobile, MT4 | MT4, Proprietary Mobile |
City Index is the better choice overall, scoring 4.1/5 vs 3.6/5 on BrokerRank's independent rating. On fees, Axi offers lower spreads (0 pips).
See full side-by-side comparison belowCity Index
WinnerAxi
City Index
Axi
City Index holds licences from FCA, ASIC, MAS. Axi is regulated by ASIC, FCA.
Both brokers offer access to Cfd, Forex, Stocks, Indices, Commodities markets.
On spreads, Axi is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.5 pips at City Index.
City Index supports Proprietary Web, Proprietary Mobile, MT4. Axi offers MT4, Proprietary Mobile. Both brokers are available on Proprietary Mobile, MT4.
City Index requires no minimum deposit, while Axi sets no minimum deposit. This makes City Index accessible to traders with any budget.
BrokerRank scores City Index at 4.06/5 and Axi at 3.62/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. City Index leads overall with a clear advantage.
City Index
4.1/5
Choose City Index if you want…
Axi
3.6/5
Choose Axi if you want…
City Index scores higher overall on our independent rating system. City Index holds a 4.1/5 rating vs Axi's 3.6/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
City Index offers spreads from 0.5 pips, while Axi starts at 0 pips. Check the fees section above for a full breakdown.
City Index requires a minimum deposit of $0. Axi requires $0.
City Index is regulated by FCA, ASIC, MAS, while Axi holds licences from ASIC, FCA.
City Index supports Proprietary Web, Proprietary Mobile, MT4. Axi supports MT4, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.