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City Index vs iFOREX 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of City Index vs iFOREX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

City Index
5/5 Stars Overall
  • Minimum Deposit: £100.00
  • Trust Score: 99
  • Tradeable Symbols (Total): 13500
iFOREX
3.5/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 75
  • Tradeable Symbols (Total): 750

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

City Index and iFOREX are both established players in the online brokerage industry, with City Index founded in 1983 and iFOREX in 1996. However, they differ significantly in regulatory standing and trust. City Index holds a high position with a ForexBrokers.com Trust Score of 99 out of 99, signifying it as a highly trustworthy platform. In contrast, iFOREX has a Trust Score of 75, placing it in the average-risk category. While City Index is publicly traded, giving it an additional layer of transparency, iFOREX is not listed on any stock exchange.

When it comes to regulatory licenses, City Index showcases its strong regulatory track record with seven Tier-1 licenses and one Tier-2 license. These licenses are considered highly trusted and trusted, respectively, by ForexBrokers.com. On the other hand, iFOREX holds just one Tier-1 license and no Tier-2 licenses. Neither of the brokers is a bank, but City Index's multiple regulatory approvals and public trading status provide users with a sense of security that is not as prominent with iFOREX.

Feature City Index logoCity Index
iFOREX logoiFOREX
Year Founded info 1983 1996
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 7 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

For commissions and fees, City Index comes out ahead of iFOREX. City Index earns 4.5 out of 5 stars and ranks #15 out of 63 brokers for pricing on ForexBrokers.com, while iFOREX earns 3 out of 5 stars and ranks #62 out of 63. City Index publishes clear spread data and typically charges in line with the industry average, whereas iFOREX does not provide average spread figures, making it harder to compare all-in trading costs.

City Index’s CFD, forex, and spread-betting pricing is competitive, with an average EUR/USD spread of 0.74 pips (July 2023). You’ll usually find the best pricing on City Index’s proprietary platforms or MetaTrader. High-balance clients can apply for the Premium Trader account (deposit over £10,000) to unlock exclusive pricing, events, content, and dedicated support. Active trader rebates are available: in the U.K., professional traders can earn £4 per million when monthly volume exceeds £25M, rising to £7.5 per million above £300M; in Australia, rebates range from AUD $4.5 to AUD $14.5 per million depending on tier.

iFOREX does not publish average spread data, so its exact costs for forex and CFD trading are not easily compared. Reflecting that, its Commissions and Fees score is 3/5 stars with a #62 of 63 ranking, versus City Index’s 4.5/5 and #15 of 63. Traders who prioritize transparent spreads, available rebates, and potential account-based discounts may find City Index the more cost-focused choice.

Feature City Index logoCity Index
iFOREX logoiFOREX
Minimum Deposit info £100.00 $100
Average spread (EUR/USD) - Standard account info 1.4 info N/A info
All-in Cost EUR/USD - Active info 0.74 info N/A info
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info Yes
Skrill (Deposit/Withdraw) info No
Bank Wire (Deposit/Withdraw) info Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

City Index vs iFOREX: both provide forex trading (via CFDs or spot contracts) and support crypto trading through CFDs, but neither lets you buy actual cryptocurrencies or exchange-traded shares on U.S. or international markets. City Index offers about 13,500 tradeable symbols, far more than iFOREX’s roughly 750. If you focus on currencies, iFOREX lists 88 forex pairs compared with City Index’s 66. City Index also offers copy trading, while iFOREX does not.

For range of investments, City Index is rated 5 stars and ranks #8 out of 63 brokers on ForexBrokers.com, while iFOREX holds 3.5 stars and ranks #42. Choose City Index if you want a wider selection and copy trading alongside CFD and forex access; pick iFOREX if a larger lineup of forex pairs within a smaller catalog fits your plans.

Feature City Index logoCity Index
iFOREX logoiFOREX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 750
Forex Pairs (Total) info 66 88
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

City Index and iFOREX both provide proprietary web platforms and let you place trades directly from charts. City Index stands out if you want a free demo (paper) account, copy trading, and more platform choice: it offers a Windows desktop app and supports MetaTrader 4 (MT4). iFOREX also uses an in-house web platform but does not offer a Windows download, copy trading, or MT4. Neither broker supports MetaTrader 5 (MT5).

For Trading Platforms and Tools, ForexBrokers.com rates City Index 4.5/5 stars (ranked #11 of 63) versus iFOREX at 4/5 stars (ranked #55 of 63). The exact counts of built-in technical indicators and watch-list fields weren’t specified. In short: choose City Index if you value a demo account, MT4, copy trading, and a Windows desktop option; pick iFOREX if a straightforward, browser-based experience is enough.

Feature City Index logoCity Index
iFOREX logoiFOREX
Virtual Trading (Demo) info Yes No
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info No No
Charting - Indicators / Studies (Total) info 88 57
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

City Index and iFOREX both offer mobile trading apps for iPhone and Android. For charting, City Index is the more feature-rich option: it includes 88 technical studies, lets you draw trendlines, and automatically saves your chart drawings. iFOREX does not list a study count and does not support trendline drawing or auto-saving chart annotations.

City Index also provides price alerts and watchlist syncing with your online account, while iFOREX offers neither. Reflecting these differences, City Index earns 4.5 stars for Mobile Trading Apps and ranks #9 out of 63 brokers at ForexBrokers.com, compared with iFOREX at 4 stars and #56. If you want strong chart tools, alerts, and synced watchlists, City Index is the clearer pick; if you only need a basic iPhone or Android app, iFOREX may still do the job.

Feature City Index logoCity Index
iFOREX logoiFOREX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes No
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 88 N/A
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Trendlines Autosave info Yes No

Dive deeper: Best Forex Trading Apps.

Market research

City Index and iFOREX both cover the basics for market research: daily market commentary, Trading Central tools (such as Technical Analytics), sentiment gauges that show long/short positioning, and an economic calendar. City Index goes further with integrated forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, while iFOREX does not. Neither broker includes Autochartist. City Index does not offer TipRanks or Acuity Trading tools; iFOREX’s access to TipRanks or Acuity Trading isn’t specified.

Based on ForexBrokers.com, City Index earns 4.5/5 stars for research and ranks #10 out of 63 brokers, whereas iFOREX scores 3.5/5 stars and ranks #49. If you want premium news alongside standard tools, City Index is the stronger pick; if you only need commentary, sentiment, and Trading Central, iFOREX covers those essentials.

Feature City Index logoCity Index
iFOREX logoiFOREX
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info No No
Trading Central info Yes Yes
Client sentiment data info Yes Yes
TipRanks info No
Acuity Trading info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

City Index vs iFOREX for beginner education: both brokers provide plenty of beginner-friendly videos, but City Index goes further for those who want to grow. City Index hosts online client webinars at least once a month and also offers at least 10 advanced trading videos, giving learners a clearer path from basics to more complex forex and CFD topics. iFOREX delivers at least 10 beginner videos, which is helpful for getting started, but it does not run monthly webinars and lacks a comparable library of advanced videos.

Independent ratings back up these differences. For Education, City Index scores 4.5 out of 5 stars and ranks #9 out of 63 brokers at ForexBrokers.com, while iFOREX earns 3.5 out of 5 stars and ranks #53. If you want ongoing webinars and more advanced material as you progress, City Index is the stronger choice; if you only need beginner videos, iFOREX can cover the basics.

Feature City Index logoCity Index
iFOREX logoiFOREX
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that City Index is better than iFOREX. City Index finished with an overall rank of #8, while iFOREX finished with an overall rank of #52.

Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.

Feature City Index logoCity Index
iFOREX logoiFOREX
Overall Rating info 5/5 Stars 3.5/5 Stars
Trust Score info 99 75
Range of Investments 5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with City Index or iFOREX?

In a City Index vs iFOREX comparison, neither broker lets you buy actual delivered cryptocurrencies, but both offer cryptocurrency CFD trading.

What funding options does each broker offer?

City Index vs iFOREX: City Index supports ACH/SEPA, PayPal, and bank wire deposits and withdrawals (but not Skrill), whereas iFOREX does not support ACH/SEPA and no details were provided for PayPal, Skrill, Visa/Mastercard, or bank wires.

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Overall Rating City Index iFOREX
Overall Rating info 5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3/5 Stars
Trust Score info 99 75
Winner check_circle
Review City Index Review
Broker Screenshots City Index iFOREX
Broker Gallery (click to expand) info
City Index MetaTrader 4 mobile trading app City Index web platform trading. City Index web platform research Trading Central City Index educational course advanced.
Regulation City Index iFOREX
Trust Score info 99 75
Year Founded info 1983 1996
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 7 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) City Index iFOREX
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) City Index iFOREX
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or SCA Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments City Index iFOREX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 750
Forex Pairs (Total) info 66 88
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost City Index iFOREX
Average spread (EUR/USD) - Standard account info 1.4 info N/A info
All-in Cost EUR/USD - Active info 0.74 info N/A info
Inactivity Fee info Yes No
Order execution: Agency info No No
Order execution: Market Maker info Yes Yes
Funding City Index iFOREX
Minimum Deposit info £100.00 $100
PayPal (Deposit/Withdraw) info Yes
Skrill (Deposit/Withdraw) info No
Bank Wire (Deposit/Withdraw) info Yes
Non-wire bank transfer info Yes No
Trading Platforms City Index iFOREX
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info No No
cTrader info No No
Trading Tools City Index iFOREX
Virtual Trading (Demo) info Yes No
Price Alerts info Yes No
Charting - Indicators / Studies (Total) info 88 57
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes No
Mobile Trading City Index iFOREX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes No
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 88 N/A
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Trendlines Autosave info Yes No
Mobile Research - Economic Calendar info Yes No
Research City Index iFOREX
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info No No
Trading Central info Yes Yes
TipRanks info No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education City Index iFOREX
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs City Index iFOREX
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review City Index Review
Overall City Index iFOREX
Overall Rating info 5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3/5 Stars
Trust Score info 99 75
Winner check_circle
Review City Index Review
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