City Index vs Axi 2026: Which Broker is Better?
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 vs Axi: Key Differences
City Index
WinnerAxi
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Fees Comparison
City Index
Axi
Regulation & Trust
City Index holds licences from FCA, ASIC, MAS. Axi is regulated by ASIC, FCA.
Markets & Assets
Both brokers offer access to Cfd, Forex, Stocks, Indices, Commodities markets.
Fees & Spreads
On spreads, Axi is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.5 pips at City Index.
Trading Platforms
City Index supports Proprietary Web, Proprietary Mobile, MT4. Axi offers MT4, Proprietary Mobile. Both brokers are available on Proprietary Mobile, MT4.
Minimum Deposit
City Index requires no minimum deposit, while Axi sets no minimum deposit. This makes City Index accessible to traders with any budget.
Overall Ratings
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.
BrokerRank Verdict
Who Should Choose Which?
City Index
4.1/5
Choose City Index if you want…
- Higher overall rating (4.1/5)
- No per-trade commission
- More regulatory licences (3)
- More established (est. 1983)
Axi
3.6/5
Choose Axi if you want…
- Tighter spreads (from 0 pips)
- Higher leverage (up to 1:500)
- More market types (6)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both City Index & Axi are available in
Frequently Asked Questions
1Is City Index better than Axi?
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.
2Which has lower fees, City Index or Axi?
City Index offers spreads from 0.5 pips, while Axi starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for City Index vs Axi?
City Index requires a minimum deposit of $0. Axi requires $0.
4Which broker is safer, City Index or Axi?
City Index is regulated by FCA, ASIC, MAS, while Axi holds licences from ASIC, FCA.
5What trading platforms do City Index and Axi support?
City Index supports Proprietary Web, Proprietary Mobile, MT4. Axi supports MT4, Proprietary Mobile.
6Can I use both City Index and Axi?
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.
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