PaxForex Vs City Index

How PaxForex and City Index Compare in 2021

PaxForex or City Index who is better?

Compare PAXFOREX Versus CITY INDEX and eToro broker accounts.

Compare PaxForex Vs City Index Side by Side

So you are looking for a broker, PaxForex or City Index who should you choose?

When trading on financial markets you will want to know all about who PaxForex or City Index are, and how they compare. You will naturally want to know how long PaxForex and City Index have been in business and what reputation PaxForex and City Index have. On top of this you will need to discover if PaxForex and City Index match your trading needs.

Having a reputable and dependable broker is crucial to your trading. The reason for this is quite a simple one You need to be safe in the knowledge that your money is in safe hands. Lets see how PaxForex and City Index compare.

Well in our PaxForex vs City Index side by side comparison we make it easier for you to see what is right for you. As with anything the final decision which broker to trade with should ultimately be based on what and how you going to trade.

Our PaxForex vs City Index comparison will help you judge the effectiveness, price, ease of use and support, trust worthiness of PaxForex and City Index side by side.

You are eager to start trading so let us help you make a more informed descision.

Our Comparebrokers.co team have painstakingly spent months assessing different brokers accounts. We collected over 1200 data points on PaxForex and City Index. To simplify things, we analyzed everything for you and provide the main points in relevant blocks on this page.

Regulation alongside currency availability is important when deciding upon a broker. It is very important when selecting a broker like PaxForex or City Index, you can trust with your money with them. To finish off our comparison, let's look at the popular tools and features traders prefer side by side.


paxforex

(4/5)
Benefits of PaxForex?
  • Established in 2010
  • PaxForex have been in business for 11 years.
  • Head quarters in Saint Vincent and the Grenadines.
  • Live Chat
  • PaxForex Min deposit $10
PaxForex screenshot paxforex sign up here
Your capital is at risk
Reputation Support
Good
Good

PaxForex Regulation

PaxForex is regulated by the Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825.

Excluded Countries

PaxForex Fees

Deposit fee No for deposits over $300
Commission No
Inactivity fee No
Withdrawal fee 10
Min trade varies
Max trade varies
Min deposit $10
View all spreads
& fees here
Your capital is at risk

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies
See all PaxForex
funding options here
Your capital is at risk

PaxForex Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Tight Fixed spreads
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

PaxForex Platforms

Web,iPad,mac,Desktop,iPhoneiOS

PaxForex Languages

English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

See PaxForex
features here
Your capital is at risk

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin
Metals
Agriculturals
Energies
See PaxForex
instruments here
Your capital is at risk

PaxForex Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the PaxForex website. Our records were last updated on .

Visit PaxForex today
Your capital is at risk

City Index

(4/5)
Benefits of City Index?
  • Established in 1983
  • City Index have been in business for 38 years.
  • Head quarters in UK.
  • Live Chat
  • Segregates clients funds
  • City Index Min deposit $25
City Index screenshot City Index sign up here
75% of retail investor accounts lose money when trading CFDs with this provider
Reputation Support
Good
Great

City Index Regulation

City Index is regulated by the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS).

Excluded Countries

US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW

City Index Fees

Deposit fee Varies
Commission 0.0015
Inactivity fee Yes
Withdrawal fee Varies
Min trade 1 Lot
Max trade Varies
Min deposit $25
View all spreads
& fees here
75% of retail investor accounts lose money when trading CFDs with this provider

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
2-3 business days

Withdrawal processing time
2-3 business days
See all City Index
funding options here
75% of retail investor accounts lose money when trading CFDs with this provider

City Index Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Tight Fixed spreads
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

City Index Platforms

MT4, Web Trader, Tablet & Mobile apps

City Index Languages

English, Spanish, German, Arabic, Polish, and Chinese

See City Index
features here
75% of retail investor accounts lose money when trading CFDs with this provider

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin
Metals
Agriculturals
Energies
See City Index
instruments here
75% of retail investor accounts lose money when trading CFDs with this provider

City Index Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the City Index website. Our records were last updated on .

Visit City Index today
75% of retail investor accounts lose money when trading CFDs with this provider

eToro

(4/5)
Benefits of eToro?
  • Established in 2006
  • eToro have been in business for 15 years.
  • Head quarters in Cyprus, UK.
  • Live Chat
  • Segregates clients funds
  • eToro Min deposit $200
eToro screenshot eToro sign up here
71% of retail investor accounts lose money when trading CFDs with this provider.
Reputation Support
Great
Great

eToro Regulation

eToro is regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC).

Excluded Countries

IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN,

eToro Fees

Deposit fee No
Commission No
Inactivity fee Yes
Withdrawal fee Yes
Min trade $25
Max trade 20% of equity
Min deposit $200
View all spreads
& fees here
71% of retail investor accounts lose money when trading CFDs with this provider.

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies
See all eToro
funding options here
71% of retail investor accounts lose money when trading CFDs with this provider.

eToro Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Tight Fixed spreads
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

eToro Platforms

Web Trader, Tablet & Mobile apps

eToro Languages

English, German, Spanish, French, Italian

See eToro
features here
71% of retail investor accounts lose money when trading CFDs with this provider.

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin
Metals
Agriculturals
Energies
See eToro
instruments here
71% of retail investor accounts lose money when trading CFDs with this provider.

eToro Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the eToro website. Our records were last updated on .

Visit eToro today
71% of retail investor accounts lose money when trading CFDs with this provider.

PaxForex Vs City Index Table of Contents

PaxForex and City Index in Detail

PaxForex Review Screenshot

The PaxForex online trading platform gives traders from all over the world access to over 188 financial instruments including over 12,500 available instruments. There are over 350 customers that have taken advantage of the PaxForex platform.

PaxForex are regulated by Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825.

PaxForex Review Screenshot

City Index is a renowned UK financial trading brokerage established in 1983.

City Index serves customers globally and are regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS). Depending on the country you are trading from PaxForex may serve you from a different business entity to comply with its financial regulators.

City Index is not listed on any stock market, does not disclose its yearly report on its website. This is not terribly unusual for a broker, but you will want to check all of this out before you continue. Safety is the most important thing to consider. PaxForex is listed as a publically traded company so are a reputable broker.

City Index is a popular well known financial trading platform serving over 14,000 customers.

Benefits of PaxForex and City Index Compared

Below we will give you a brief summary of the benefits PaxForex and City Index offer side by side.

PaxForex offers a minimum deposit of 10 while City Index have a 25 minimum deposit.

Why small deposits before trading are good and how PaxForex and City Index compare

The first obvious reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.

PaxForex allows traders to trade up to 188 financial instruments while City Index have around 12,500 on their trading platform.

The more instruments you can trade on the PaxForex and City Index trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of PaxForex or City Index.

The PaxForex trading platform has 42 stocks listed while City Index has 4,500 stocks listed.

PaxForex allows retail traders to trade the following assets Forex trading, CFD trading, on the PaxForex Web,iPad,mac,Desktop,iPhoneiOS trading platforms.

Alternatively City Index allows retail traders to trade Forex, CFDs, Spread Betting on the City Index MT4, Web Trader, Tablet & Mobile apps trading platforms.

Compare PaxForex and City Index in more detail below.

Drawbacks of PaxForex and City Index Compared

Below we compare what drawbacks PaxForex and City Index have side by side.

There are many potential drawbacks with some brokers. The first one being the potential limitations PaxForex and City Index have. Generally speaking, the more things, you can invest in the better. The second thing is the fees and commissions you are paying with PaxForex vs City Index. The higher the fees you pay will have more of an impact on any potential profits. Another important factor are the trading research tools, educational resources and the general usability of PaxForex vs City Index.

Broker paxforex City Index eToro
Inactivity Fees No Yes Yes
Withdrawl Fees 10 Varies Yes
Withdrawal Processing Time Varies 2-3 business days Varies
Min Deposit 10 25 200
Social Trading No No Yes
Excluded Countries US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN,

PaxForex Vs City Index Available Financial Markets

Variety is the spice of life and that certainly applies to financial markets. A diverse investment portfolio is always recommended. If your investment portfolio is diverse, it helps to protect your investments overall from huge downswings that can occur in one potential market. For example, when an airplane stock goes up, other airplane stocks usually follow suit. This of course is the positive side of putting all your eggs in one basket.

When the opposite happens this could spell disaster! The best portfolios cover for potential danger and involve businesses and stocks from all walks of life. Having more financial instruments, commodities and assets available to you on the PaxForex and City Index platforms will help you build a more diverse investment portfolio.

Broker paxforex City Index eToro
Instruments Available 188 12500 2000
Offers share dealing No No Yes
Number of Shares 42 4,500 2,042
Offers US Stocks Yes Yes Yes
Offers UK Stocks No Yes Yes
Offers German Stocks No Yes Yes
Offers Japanese Stocks No Yes Yes
Offers Indices Trading Yes Yes Yes
Number of Commodities 40 26 31
Offers Metals Commodities Yes Yes Yes
Offers Energy Commodities No Yes Yes
Offers Agricultural Commodities No Yes Yes
Offers Forex Trading Yes Yes Yes
Number of Forex Pairs 62 100 50
Offers Major Forex Pairs Yes Yes Yes
Offers Minor Forex Pairs Yes Yes Yes
Offers Exotic Forex Pairs Yes Yes Yes
Offers CFD Trading Yes Yes Yes
Offers Social Trading No No Yes

PaxForex Vs City Index Cryptocurrency Trading

Crypto currencies have been booming since the invention of Bitcoin and with good reason. Crypto currencies have turned double digit investments into millions. Extreme examples of course but this can be rarely said of any stock that exists.

Bitcoin is by far the most famous example of cryptocurrency but there are thousands of altcoins that are on the market that have the potential to rise in a similar fashion. Like stock markets if Bitcoin rises, then altcoins follow suit.

Cryptocurrency can easily be labelled as a higher risk investment. This is because cryptocurrencies fluctuate often with extreme highs and extreme lows. If cryptocurrencies represent a fraction of your portfolio or you want to invest a small fraction of your trading budget to see what happens it could potentially be one of your most exciting trades ever depending on how the markets are. Please note that cryptocurrency availability with PaxForex, City Index and all brokers is subject to regulation.

We compare PaxForex vs City Index Crypto options below side by side.

Broker paxforex City Index eToro
Allows Cryptocurrency Trading (availability subject to regulation) Yes Yes Yes
Cryptocurrencies Offered BTC, ETH, LTC, XRP BCH, BTC, ETH, LTC, XRP BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, EOS, NEO, XLM, IOTA, TRX, ZEC, BNB, XTZ

PaxForex Vs City Index Commission and Fees

knowing your trading and commission fees with PaxForex vs City Index is extremely important. For the majority of the PaxForex 188 financial instruments and City Index 12,500 available financial instruments.

The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with both PaxForex and City Index. The bigger the fee, the bigger the issue this is. Most alarmingly though some financial assets occur a charge for you to hold on to the asset over night or over the weekend. This is usually true with commodities and stocks that you are using leverage on. Please check what your fees are with PaxForex and City Index before you invest because it is crucial that you know exactly what you are paying.

You ideally want to choose a broker that does not charge to much for withdrawal fees. This is simply because this will eat into your profits. This is especially true if you have a low budget and do not intend to invest so much. You want the withdrawal fee to be less than one percent of what you are withdrawing but more ideally a set fee of around 5 USD. Your location or residence will have an impact on your potential PaxForex and City Index fees of course. Make sure you do your research and check the commission and fees with both PaxForex and City Index before you invest anything.

Some brokers will charge inactivity fees. As the name suggests this occurs when you have been inactive on your account for a certain period.

PaxForex does not charge inactivity fees, while City Index does charge inactivity fees.

You should receive plenty of notifications warning you about any potential deadlines and you can make a decision to act accordingly, continuing to use your account or closing it. Usually the fees are very small so there is no need to be alarmed especially when the problem is easily avoided.

When you deposit money to a broker like PaxForex or City Index you might need to pay deposit fees. The lower the better. Most preferably of course you would have to pay nothing for this. If this is the case it can be a big problem. Constant deposits will eat into your profit so this will take some considering before you sign up.

Let’s see how PaxForex vs City Index compare side by side for commissions and fees.

Broker paxforex City Index eToro
Min Deposit 10 25 200
Inactivity Fees No Yes Yes
Withdrawal Fees 10 Varies Yes
Deposit Fees No for deposits over $300 Varies No

PaxForex Vs City Index Trading Platforms

We live in an accessible world these days. Therefore, your trading platform has to consider this. Having the ability to trade with the click of a button is essential and allows you to make trading decisions on the PaxForex and City Index platforms when it is convenient to you. Without this you will not have the opportunity to take advantage of every situation that may or may not occur in the financial markets.

Some brokers offer there own bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You will need to test this out yourself with a PaxForex or City Index demo account.

Broker paxforex City Index eToro
Offers MT4 No Yes No
Offers MT5 No No No
Offers cTrader No No No

PaxForex Vs City Index Mobile Trading

Being able to trade on your mobile can be very useful. Why is this? Well, the stock market sees market movement every second, if you are not near your desktop computer you will probably be near and have access to your phone. This way you will be able to take advantage of all the opportunities present themselves. For example, a stock might move to an all-time low when you are out. In this instance you would have missed out on some profit.

If you have an iPhone you will need an IOS Apple mobile trading app. Thankfully these are very common and if a broker has an application, they are almost always available on an iPhone.

Similarly if your phone requires an android app it is good to check if the broker offers an app that supports Android devices.

If you use Microsoft Windows tablets or phones you will also need to check if the PaxForex and City Index have trading apps that are compatible.

Broker paxforex City Index eToro
Web Platform Yes Yes Yes
IOS Trading App Yes Yes
Android Trading App Yes Yes
Microsoft Trading App Yes No

PaxForex Vs City Index Trading Account Types Offered

PaxForex Vs City Index Demo Account

A demo account is an extremely useful account for people with no trading experience. This way you are risking none of your money and testing out your trading skills in a safe environment. For people who have next to no knowledge of trading we recommend signing up with a PaxForex and City Index demo account fully.

PaxForex Vs City Index Micro Account

A micro account allows traders to place money on the Forex market. This is best for people who like to make risk averse trades and focuses mostly on foreign exchange currency. This is usually used by beginners.

Both PaxForex and City Index do offer Micro accounts.

PaxForex Vs City Index Standard Account

A standard account is available to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these accounts’ users will have to trade with at least $100. This is the account the m1ajority of people will seek to use.

Both PaxForex and City Index do offer clients Standard accounts.

PaxForex Vs City Index MAM Account

What is a MAM account? MAM stands for a Multi Account Manager Account. This is very useful for serious traders who want to use one account to place all of their trades. It is a sophisticated software tool that allows a single trader to execute block trades on all accounts operating under a master account.

PaxForex and City Index do not offer clients MAM accounts.

PaxForex Vs City Index ECN Account

An ECN account stands for Electronic Communications Network. This is an account for pure order-matching execution. This is a very sophisticated piece of software and please only try this after much research. The account provider will charge a fee as their commission for executing each trade as an alternative to increasing the raw spread artificially as a revenue method.

PaxForex does offer clients ECN accounts, while City Index does offer clients ECN accounts.

PaxForex Vs City Index Islamic Account

An Islamic account is for people who respect the Quran and would like to invest in the Islamic stock market. This might seem very niche, but it is essential for those concerned as it follows certain ethics in relation to the principles of Islam. They are also referred to swap free accounts.

PaxForex does offer clients Islamic accounts, while City Index does offer clients Islamic accounts.

PaxForex Vs City Index STP Account

Straight Through Processing or STP is where a requested clients trade orders are sent directly to the markets. STP brokers aim to reduce all conflicts of interest. STP is a non dealing desk trading method aimed mainly at Forex traders.

Both PaxForex and City Index offer clients STP accounts.

PaxForex Vs City Index Managed Account

A managed account is an investment that is owned by a single investor. However, the money-making decisions are in somebody else’s hands. These have become extremely popular in the last decade or so and with good reason. The money needed to invest in such accounts are usually larger as you must consider the fee for the finance professional. However, there are certain brokers that offer variations of managed accounts where you can pay as little as $200.

PaxForex does not offer clients Managed accounts, while City Index does offer clients Managed accounts.

Broker paxforex City Index eToro
Offers Demo Accounts Yes Yes Yes
Offers Micro Accounts Yes Yes No
Offers Standard Accounts Yes Yes Yes
Offers MAM Accounts No No No
Offers ECN Accounts Yes No No
Offers Islamic Accounts Yes No Yes
Offers STP Accounts Yes Yes Yes
Offers Managed Accounts No Yes No

PaxForex Vs City Index Withdrawal and Funding Methods

PaxForex and City Index have multiple deposit and withdrawal options. Funding and withdrawing from your PaxForex and City Index account to your chosen payment method should be straight forward. Lets see how PaxForex and City Index compare with each other. Be aware that depending on the payment method you decide upon there may be additional processing fees from your payment provider or bank for processing and converting your funds. Not all potential fees will come from PaxForex or City Index.

Broker paxforex City Index eToro
Payment Methods Credit cards, Debit cards, Bank Transfer, Neteller, Skrill, Perfect Money, WebMoney, QIWI, FasaPay, Bitcoin, Ethereum, Credit cards, MasterCard, Debit cards, VISA, Maestro, Electron, Bank Transfer, MasterCard, Paypal, Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,

PaxForex Vs City Index Customer Support Compared

Customer support is essential when trading. Even professional traders will eventually need the help of PaxForex or City Index support. This is especially true of traders who are starting from a position of little knowledge. If you are starting out you will want to make sure the PaxForex and City Index support are always available when you need them. PaxForex and City Index customer support is not just useful. It is crucial to your trading success!

PaxForex Vs City Index Live Chat

Live chat is important for several reasons. This is because when you encounter a problem it is nice to know that the problem has the potential to be sorted out then and there. Also speaking to a person live is much less frustrating than speaking to someone over the course of several emails.

PaxForex offers live chat while City Index does not offer live chat support.

PaxForex Vs City Index Email Support

when trading with either PaxForex or City Index you will find Email support is also very useful. Sometimes you might have a more complex question that requires a specific part of the PaxForex or City Index support team to give a satisfactory answer to. This is where email support with PaxForex and City Index will be needed.

Both PaxForex and City Index offer email support.

PaxForex Vs City Index Phone Support

Although most queries can be resolved with the need of a phone call, it is nice when we can actually explain ourselves with a live human being at either PaxForex or City Index. We can get straight to the point and this can save us from a lot of time and frustration.

Both PaxForex and City Index offer phone support.

Lets see how PaxForex and City Index customer support compare side by side.

Broker paxforex City Index eToro
Offers Live Chat Yes Yes Yes
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Spanish, German, Arabic, Polish, and Chinese English, German, Spanish, French, Italian
Support Email [email protected] [email protected] [email protected]
Phone +44 2035040387 0845 355 0801 44-866-350-0881

PaxForex Vs City Index Regulation and Licensing

Never trade on a market that is not sufficiently regulated. This should go without saying when submitting your bank card information or investing money on any website. You need to make sure with certainty that your money is in safe hands. Checking to see if PaxForex and City Index are highly regulated is not a hard task. The more reputable and mainstream brokers will proudly display their regulation certificates on their site and if you cannot see that PaxForex or City Index have these in place please be extremely cautious before you proceed with them.

We compare PaxForex Vs City Index financial regulation and licensing side by side below.

Broker paxforex City Index eToro
FCA Regulation No Yes Yes
CySEC Regulation No No Yes
MiFID Regulation No No Yes
ASIC Regulation No Yes Yes
FSCA Regulation No No No
DFSA Regulation No No No
MAS Regulation No Yes No

PaxForex Vs City Index Risk Management Features

When trading with either PaxForex or City Index you will want to understand and make full use of all the risk management features on your PaxForex or City Index trading platforms.

We compare side by side the trading risk management features offered by PaxForex and City Index below.

PaxForex Vs City Index Hedging

What is hedging? Have you ever heard of the expression ‘to hedge one’s bets’? This basically means to not speculate solely on the outcome of one event as it could be potentially risky holding all your assets in one place. Hedging in finance means being able to tactically trade in such a way as you are protecting yourself from huge risk. This can be done for example by betting for a stock to rise and betting against it to rise by using different amount or different amounts of leverage.

PaxForex does not offer clients hedging, while City Index does offer clients hedging.

PaxForex Vs City Index Stop Loss

Stop loss orders are very useful for more volatile investments. Especially when you are speculating on a stock or Forex currency pair. In a normal trade you cannot lose more than what you invested but when you are using leverage this is not the case. Under these terms it is always good to set a stop loss so you can protect yourself from having any vicious results.

Both PaxForex and City Index do offer clients stop losses.

PaxForex Vs City Index Limit Orders

Every broker should give its users an opportunity to place a limit order. This is when you have an order in place to buy a financial instrument at a specific price. When the financial asset hits a set price your trade will be executed. This is extremely useful as it will give you the opportunity to buy a stock at a better price! It would be very time consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what help limit orders can be in your trading career.

Both PaxForex and City Index do offer clients limit orders.

PaxForex Vs City Index Negative Balance Protection

Negative balance protection is there to protect its customers. Customers do indeed need protecting as trading can be a volatile business and not everybody who invests knows the full consequences of their trade.

The way negative balance protection works is like this: Say you invest $50 but your trade has the potential to lose $125 because you have used leverage. To do this trade you will need $125 available in your account. This is great as it would be very unfortunate if you recieved an unexpected bill from a broker one day.

Both PaxForex and City Index do offer clients negative balance protection.

Broker paxforex City Index eToro
Offers Hedging No Yes No
Negative Balance Protection Yes Yes Yes
Guaranteed Stop Loss Yes Yes No
Offers Limit Orders Yes Yes
Offers Trailing Stops Yes Yes

PaxForex Vs City Index Verdict

We hope this PaxForex Vs City Index guide has helped you decide who is best to trade with out of PaxForex and City Index.

Firstly when you are looking to trade it is essential that you can guarantee that your money is in safe hands. Therefore, please bear this in mind when you sign up with PaxForex or City Index.

Also, before you sign up to any broker make sure you know what you are doing. Simple advice we admit but we know from experience how many people decide to start trading and then ask questions later. To put it in the simplest terms possible before you invest any money into something please take note of exactly what you are doing.

Beware of the risks that come with trading. The financial markets can be volatile and investments can go down as well as up. Educate yourself, make full use of all PaxForex and City Index educational resources and financial research tools. If you are new to trading sign up for a demo account with PaxForex and City Index find which suits you and your trading style.

Some of you might be thinking what we mean when we say ‘trading style’. Here are a few examples. A day trader will look to open positions and close them on the same day. This will require a broker that specialises in this. To do this with some brokers would be a bad idea because of the commission and fees involved. Check if PaxForex and City Index fees match you trading requirements.

Alternatively, you could be on the extreme end of this scale and decide to wait years before you close your investments, if your investment strategy is more long term.

PaxForex and City Index Alternatives

If PaxForex and City Index are not what you are not quite what you are looking for we list some of the best PaxForex and City Index alternatives below.

Other PaxForex and City Index Vs Comparisons

If you are still looking for an alternative to PaxForex and City Index and want to see how PaxForex or City Index compare Vs other brokers check out the PaxForex Vs and City Index Vs list below.

PaxForex Vs Alternatives

Still not happy have a look at some of our alternative PaxForex Vs side by side comparisons below

City Index Vs Alternatives

Still not happy have a look at some of our alternative PaxForex Vs side by side comparisons below

PaxForex Vs City Index Frequently Asked Questions

We answer some of the most frequently asked PaxForex Vs City Index questions below.

Is PaxForex any Good?

Knowing that a broker is legit is the first thing you should check before signing up to a broker. Is PaxForex legit? – PaxForex are regulated by Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 and have been in business since 2010

Is City Index any Good?

City Index are regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) and have been in business since 1983.

Which is better PaxForex or City Index?

Both PaxForex and City Index have an excellent reputation and to make a decision regarding which one is better is not an easy one. Take the time to examine the trading features that PaxForex and City Index offer. See which broker best suits your investment strategy.

Is PaxForex a con?

PaxForex is regulated by Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 and have been in business since 2010. We recommend looking at a PaxForex alternative that has more financial regulation.

Is City Index a con?

City Index is regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) and have been in business since 1983. City Index is most definitely not a con as they are regulated by major financial regulators.

What happens if PaxForex or City Index go bust?

PaxForex and City Index are regulated which means that as part of their regulatory oblig ations PaxForex and City Index have to offer a certain level of financial protection to their clients. PaxForex and City Index should by law keep client funds separate from PaxForex and City Index funds. If either PaxForex or City Index go bankrupt they should not have access to your money. Customers accounts should be segregated. The investor compensation schemes differ country to country so check this on the PaxForex and City Index websites and regulators.

Are PaxForex or City Index good for beginners?

Do PaxForex or City Index give courses?

PaxForex and City Index offer low deposits and access to a selection of educational resources. This is especially useful for beginners and people who want to improve their trading skills. This is a big plus for PaxForex and City Index as it shows on they have an interest in their customers.