City Index vs IG 2019
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Since 1974, join 195,000 traders worldwide, listed on the FTSE 250 Visit Site
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Overall Rating
Feature | City Index | IG |
Overall | ||
City Index Review | IG Review | |
72% of retail CFD accounts lose money | 75% of retail CFD accounts lose money |
Regulation
Feature | City Index | IG |
Trust Score | 93 | 99 |
Year Founded |
1983 | 1974 |
Publicly Traded (Listed) |
Yes | Yes |
Bank |
No | Yes |
Tier-1 Licenses |
3 | 6 |
Tier-2 Licenses |
0 | 3 |
Tier-3 Licenses |
1 | 0 |
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
Feature | City Index | IG |
ASIC Authorised (Australia) |
Yes | Yes |
IIROC Authorised (Canada) |
No | No |
SFC Authorised (Hong Kong) |
No | No |
FSA Authorised (Japan) |
No | Yes |
MAS Authorised (Singapore) |
Yes | Yes |
FINMA Authorised (Switzerland) |
No | Yes |
FCA Authorised (UK) |
Yes | Yes |
CFTC Registered (USA) |
No | Yes |
Investments
Feature | City Index | IG |
Forex: Spot Trading |
Yes | Yes |
Social Trading / Copy-Trading |
Yes | Yes |
Currency Pairs (Total Forex pairs) |
84 | 93 |
CFDs - Total Offered |
4500 | 17535 |
Cryptocurrency traded as actual |
No | No |
Cryptocurrency traded as CFD |
Yes | Yes |
Offering of Investments | ||
Winner | check_circle |
Cost
Feature | City Index | IG |
Average Spread EUR/USD - Standard |
0.8 (Oct 19) | 0.7 (as of May 19) |
All-in Cost EUR/USD - Active |
0.8 (Oct 19) | 0.363 (as of Mar 16) |
Active Trader or VIP Discounts |
Yes | Yes |
Commissions & Fees | ||
Winner | check_circle |
Funding
Feature | City Index | IG |
Minimum Initial Deposit |
£50.00 | £250.00 |
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
Visa/Mastercard (Credit/Debit) |
Yes | Yes |
PayPal (Deposit/Withdraw) |
Yes | Yes |
Skrill (Deposit/Withdraw) |
No | No |
Trading Platforms
Feature | City Index | IG |
Proprietary Platform |
Yes | Yes |
Desktop Platform (Windows) |
Yes | Yes |
Web Platform |
Yes | Yes |
Social Trading / Copy-Trading |
Yes | Yes |
MetaTrader 4 (MT4) |
Yes | Yes |
MetaTrader 5 (MT5) |
No | No |
cTrader |
No | No |
Trading Tools
Feature | City Index | IG |
Virtual Trading (Demo) |
Yes | Yes |
Alerts - Basic Fields |
Yes | Yes |
Watchlists - Total Fields |
18 | 14 |
Charting - Indicators / Studies (Total) |
139 | 28 |
Charting - Drawing Tools (Total) |
25 | 19 |
Charting - Trade From Chart |
Yes | Yes |
Charting - Drawings Autosave |
Yes | No |
Order Type - Trailing Stop |
Yes | Yes |
Platform & Tools | ||
Winner | check_circle |
Mobile Trading
Feature | City Index | IG |
Android App |
Yes | Yes |
Apple iOS App |
Yes | Yes |
Trading - Forex |
Yes | Yes |
Trading - CFDs |
Yes | Yes |
Alerts - Basic Fields |
Yes | Yes |
Watch List |
Yes | Yes |
Watch List Syncing |
Yes | Yes |
Charting - Indicators / Studies |
74 | 28 |
Charting - Draw Trend Lines |
Yes | Yes |
Charting - Trend Lines Moveable |
No | Yes |
Charting - Multiple Time Frames |
Yes | Yes |
Charting - Drawings Autosave |
No | Yes |
Forex Calendar |
Yes | Yes |
Mobile Trading | ||
Winner | check_circle |
Research
Feature | City Index | IG |
Daily Market Commentary |
Yes | Yes |
Forex News (Top-Tier Sources) |
Yes | Yes |
Weekly Webinars |
No | Yes |
AutoChartist |
Yes | Yes |
Trading Central (Recognia) |
Yes | No |
Delkos Research |
No | No |
Social Sentiment - Currency Pairs |
Yes | Yes |
Economic Calendar |
Yes | Yes |
Research | ||
Winner | check_circle |
Education
Feature | City Index | IG |
Has Education - Forex |
Yes | Yes |
Has Education - CFDs |
Yes | Yes |
Client Webinars |
Yes | Yes |
Client Webinars (Archived) |
Yes | Yes |
Videos - Beginner Trading Videos |
Yes | Yes |
Videos - Advanced Trading Videos |
Yes | Yes |
Investor Dictionary (Glossary) |
Yes | Yes |
Education | ||
Winner | check_circle |
Major Forex Pairs
Feature | City Index | IG |
GBP/USD |
Yes | Yes |
USD/JPY |
Yes | Yes |
EUR/USD |
Yes | Yes |
USD/CHF |
Yes | Yes |
USD/CAD |
Yes | Yes |
NZD/USD |
Yes | Yes |
AUD/USD |
Yes | Yes |
Overall
Feature | City Index | IG |
City Index Review | IG Review | |
Overall | ||
Winner | check_circle |
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Both City Index and IG are rated 4.50 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Both City Index and IG are regulated in a major hub. City Index alongside IG are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. IG boasts an offering of 93 different currency pairs compared to City Index's 84 available pairs.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. City Index and IG both offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. City Index boasts an offering of 25 charting tools compared to IG's 19 available charting tools. City Index offers its clients access to 139 different indicators (for example, volume) while IG has 28 available indicators, a difference of 111.
City Index Review
IG Review
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. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
IG - 76% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk of losing your money.