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City Index vs IG Markets: Comparison and Analysis

Trying to figure out whether to use City Index or IG Markets? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of City Index and IG Markets side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
70% of retail CFD accounts lose money
City Index review
Open Account
69% of retail CFD accounts lose money
IG Markets review

Overall Ratings


Rated
78
Rated
90

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • City Index
  • IG Markets

Security 94
Security 98

Cost 58
Cost 62

Trading 77
Trading 100

Education 69
Education 84

Company Info


Foundation
1983
1974
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en
en, ar, dan, de, es, fr, ne, nor, po, ru, swe, it, swi

Leverage


Non-EU Leverage ?
500:1
200:1
European Leverage ?
30:1
30:1
Australian Leverage ?
30:1
200:1
US Leverage ?
0
50:1
Canadian Leverage ?
0
0

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
CIRO ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
393439
8985
SimilarWeb - Total Visits
9340000
Facebook Likes
10120
107634
Twitter Likes
12500
25000
Instagram Likes

Deposit and Withdrawal


Minimum Deposit ?
50 USD
300 USD
Minimum Withdraw ?
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
Deposit Waiting Time ?
2-3 business days
instant
Withdraw Waiting Time ?
2-3 business days
1 business day
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
AUD, EUR, USD
AUD, EUR, GBP, USD, ZAR, AED, CHF, JPY, NZD, SGD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
0.4
2.8
Natural Gas ?
18.0
Silver ?
2.5
2.0
Platinum ?
2.4
Copper ?
4.0
Soybeans ?
1.0
Corn ?
0.8
Gold ?
0.5
0.3

Forex Fixed Spreads


EUR/GBP Spread
EUR/USD Spread
USD/JPY Spread
GBP/USD Spread
USD/CHF Spread
AUD/USD Spread
USD/CAD Spread
NZD/USD Spread

Forex Variable Spreads


EUR/USD Average Spread
0.8
0.7
USD/JPY Average Spread
0.8
1.19
USD/CHF Average Spread
2.3
2.07
GBP/USD Average Spread
1.8
1.52
USD/CAD Average Spread
2.6
AUD/USD Average Spread
0.9
0.6
NZD/USD Average Spread
2.8
EUR/GBP Average Spread
1.7
0.9

Fees on Stocks


Apple
0.04
Facebook
0.04
Alphabet
0.04
Snapchat
0.04
BP
Tesco
Barclays
Lloyds

Fees on Indices


FTSE100
1.00
1.0
S&P500
0.4
0.4
Dow Jones
1.6
Nasdaq
1.0
1.0
CAC40
1.0
1.0
DAX30
1.0
2.0
Nikkei 225
8.0
7.0
Euro Stoxx 50
2.0
2.0

Fees on Cryptocurrencies


Bitcoin
1
1
Ethereum
1.2
1.2
Ripple
0.6
0.30
Litecoin
0.5
0
Bitcoin Cash
2.0
2.0
Dash
0
0
Monero
0
0
Neo
0
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, ar, de, es, pol, chi
en, de, es, fr, po
Watchlist Mobile ?

Available Markets


Forex Pairs ?
84
90
Crypto ?
20
90
Commodities ?
26
34
Stocks ?
4500
12000
Indices ?
21
37
ETF ?
20
Futures ?
45
5
Options ?
20
Bonds ?
12
12
Metal ?
5
5
Agricultural ?
15
Energies ?
9
6
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
1
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
0.001 lots
0.01 lots
Maximum Trade Size ?
100 lots
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
139
22
Number Chart Drawing Tools ?
25
17
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en
en, ar, dan, de, es, fr, ne, nor, po, ru, swe, it, swi

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

City Index vs IG Markets: A Comparison Summary

When it comes to choosing a broker, investors need to consider a wide range of factors, including security, trading fees, markets available, and customer care. In this comparison summary, we will compare two popular brokers: City Index and IG Markets, based on their security, demo accounts, account opening, social-copy trading, markets, trading fees, platforms, education, and customer care.

Security

Both City Index and IG Markets are regulated by several reputable financial authorities worldwide, including the FCA, ASIC, and MAS. IG Markets, however, has a broader range of regulatory coverage, including the NFA in the US and several other countries’ regulators, which makes it a more global broker. IG Markets also has a higher security rating of 98, compared to City Index’s 94.

Demo Accounts

City Index offers a demo account with a duration of 12 weeks and virtual funds of $10,000, which can be restored by contacting customer support. On the other hand, IG Markets offers an unlimited demo account with virtual funds of $30,000, which can also be restored through customer support.

Account Opening

City Index requires a minimum deposit of $100, depending on the trader’s country of residence. It offers ten account currencies and various payment methods, including wire transfers, credit/debit cards, and e-wallets. City Index offers several account types, including MT4, standard, CFD, spread betting, and professional accounts. IG Markets requires a minimum deposit of $300 for most countries and offers three account currencies and similar payment methods as City Index. IG Markets offers a broader range of account types, including standard, limited risk, spread betting, option, Turbo24, share dealing, Islamic, professional, and select accounts.

Social-Copy Trading

Neither City Index nor IG Markets offers social or copy trading features.

Markets

City Index offers 84 forex pairs, 26 commodities, 21 indices, 20 crypto assets, and over 4,500 stocks, with no ETFs. IG Markets, on the other hand, offers 90 forex pairs, 35 commodities, 80+ indices, 12 crypto assets, over 16,000 stocks, and 5,400+ ETFs, along with futures and options trading. IG Markets is more suitable for short-term investments, as it offers a broader range of CFD assets.

Trading Fees

City Index offers both variable and fixed spreads, with spreads starting from 0.5 pips on forex, depending on the account type chosen. IG Markets offers only variable spreads, with spreads starting from 0.6 pips on forex, in line with the market average. IG Markets also offers commission-free trading on US stocks for FCA, ASIC, DFSA, JFSA traders.

Platforms

Both brokers offer the MetaTrader 4 platform, with City Index also offering it on mobile devices. IG Markets has a proprietary platform available via web and desktop, along with the L2 Dealer for stockbroking and the ProRealTime platform for advanced chart analysis.

Education/Customer Care

Both City Index and IG Markets offer clients access to educational materials, including webinars, video tutorials, educational articles, and market analysis. City Index has customer care available in five languages, while IG Markets has customer care available in over 13 languages, along with an Academy App.

Conclusion

Both City Index and IG Markets are well-regulated brokers with a broad range of markets available for trading. However, IG Markets offers more account types, broader regulatory coverage, an unlimited demo account, more markets, and a higher security rating. On the other hand, City Index offers fixed spreads, a more extended demo account, and a broader range of account currencies. Ultimately, the decision of which broker to choose will depend on individual preferences and requirements. Traders who are looking for a more global broker with a broader range of markets and account types may prefer IG Markets, while traders who prioritise fixed spreads and a more extended demo account may prefer City Index. Regardless of the choice, both brokers offer a reliable trading experience with excellent customer care and educational resources to help traders make informed investment decisions.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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2FC Financial Srl
Via Filippo Argelati, 10,
Milan, Italy
20143

VAT No. IT10004450960
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