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IG vs City Index 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is IG better than City Index? In our analysis of 23 international regulators across 39 of the best forex brokers, IG is considered low-risk, with an overall Trust Score of 99 out of 99. City Index is considered low-risk, with an overall Trust Score of 99 out of 99. Learn more about Trust Score.

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Overall RatingIGCity Index
Overall Rating5 Stars5 Stars
Commissions & Fees5 Stars4.5 Stars
Offering of Investments5 Stars5 Stars
Platform & Tools5 Stars4.5 Stars
Mobile Trading5 Stars5 Stars
Research5 Stars4.5 Stars
Education5 Stars4.5 Stars
Trust Score9999
Winnercheck_circle
ReviewIG ReviewCity Index Review
RegulationIGCity Index
Trust Score9999
Year Founded19741983
Publicly Traded (Listed)YesYes
BankYesNo
Tier-1 Licenses73
Tier-2 Licenses22
Tier-3 Licenses11
Authorised in European UnionYesYes
About RegulationA “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)IGCity Index
ASIC Authorised (Australia)YesYes
IIROC Authorised (Canada)NoYes
SFC Authorised (Hong Kong)NoNo
CBI Authorised (Ireland)NoNo
FSA Authorised (Japan)YesNo
MAS Authorised (Singapore)YesYes
FINMA Authorised (Switzerland)YesNo
FCA Authorised (U.K.)YesYes
CFTC Registered (USA)YesNo
FMA Authorised (New Zealand)YesNo
Tier-2 Licenses (Average Trust)IGCity Index
CBRC Authorised (China)NoNo
CySEC Authorised (Cyprus)NoYes
SEBI Authorised (India)NoNo
ISA Authorised (Israel)NoNo
CBR Authorised (Russia)NoNo
FSCA Authorised (South Africa)YesNo
SEC Authorised (Thailand)NoNo
DFSA / Central Bank Authorised (UAE)YesYes
Tier-3 Licenses (Low Trust)IGCity Index
SCB Authorised (Bahamas)NoNo
IFSC Authorised (Belize)NoNo
CIMA Authorised (Cayman Islands)NoYes
BMA Authorised (Bermuda)YesNo
FSC Authorised (British Virgin Islands)NoNo
FSC Authorised (Mauritius)NoNo
VFSC Authorised (Vanuatu)NoNo
InvestmentsIGCity Index
Forex Trading (Spot or CFDs)YesYes
Tradeable Symbols (Total)1953713500
Forex Pairs (Total)10084
U.S. Stock Trading (Non CFD)YesNo
Int'l Stock Trading (Non CFD)YesNo
Social Trading / Copy TradingYesYes
Cryptocurrency (Physical)NoNo
Cryptocurrency (CFD)YesYes
DisclaimersNote: 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).
CostIGCity Index
Average Spread EUR/USD - Standard0.86 (September 2022)1.0 (July 2022)
All-in Cost EUR/USD - Active0.5957 (September 2022)1.0 (July 2022)
Active Trader or VIP DiscountsYesYes
Execution: Agency BrokerYesNo
Execution: Market MakerYesYes
FundingIGCity Index
Minimum Initial Deposit£250.00£100.00
PayPal (Deposit/Withdraw)YesYes
Skrill (Deposit/Withdraw)NoNo
Visa/Mastercard (Credit/Debit)YesYes
Bank Wire (Deposit/Withdraw)YesYes
Trading PlatformsIGCity Index
Proprietary PlatformYesYes
Desktop Platform (Windows)YesYes
Web PlatformYesYes
Social Trading / Copy TradingYesYes
MetaTrader 4 (MT4)YesYes
MetaTrader 5 (MT5)NoNo
cTraderNoNo
DupliTradeNoNo
ZuluTradeNoNo
Trading ToolsIGCity Index
Virtual Trading (Demo)YesYes
Alerts - Basic FieldsYesYes
Watchlists - Total Fields1411
Charting - Indicators / Studies (Total)3388
Charting - Drawing Tools (Total)2081
Charting - Trade From ChartYesYes
Charts can be savedYesYes
Mobile TradingIGCity Index
Android AppYesYes
Apple iOS AppYesYes
Mobile Alerts - Basic FieldsYesYes
Mobile WatchlistYesYes
Watchlist SyncingYesYes
Mobile Charting - Indicators / Studies3388
Mobile Charting - Draw TrendlinesYesYes
Mobile Charting - Multiple Time FramesYesYes
Mobile Charting - Drawings AutosaveYesYes
Forex CalendarYesYes
ResearchIGCity Index
Daily Market CommentaryYesYes
Forex News (Top-Tier Sources)YesYes
AutochartistYesNo
Trading Central (Recognia)NoYes
Social Sentiment - Currency PairsYesYes
Economic CalendarYesYes
EducationIGCity Index
Has Education - Forex or CFDsYesYes
Client WebinarsYesYes
Client Webinars (Archived)YesYes
Videos - Beginner Trading VideosYesYes
Videos - Advanced Trading VideosYesYes
Investor Dictionary (Glossary)YesYes
Major Forex PairsIGCity Index
GBP/USDYesYes
USD/JPYYesYes
EUR/USDYesYes
USD/CHFYesYes
USD/CADYesYes
NZD/USDYesYes
AUD/USDYesYes
ReviewIG ReviewCity Index Review
OverallIGCity Index
Overall Rating5 Stars5 Stars
Commissions & Fees5 Stars4.5 Stars
Offering of Investments5 Stars5 Stars
Platform & Tools5 Stars4.5 Stars
Mobile Trading5 Stars5 Stars
Research5 Stars4.5 Stars
Education5 Stars4.5 Stars
Trust Score9999
Winnercheck_circle
ReviewIG ReviewCity Index Review
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IG vs City Index Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare IG vs City Index.

Does IG or City Index offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is IG or City Index safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. IG holds 7 global Tier-1 licenses, while City Index holds 3. Both IG and City Index hold 2 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, IG and City Index earned the same Trust Score.

Which trading platform is better: IG or City Index?

To compare the trading platforms of both IG and City Index, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both IG and City Index offer MetaTrader 4 (MT4).IG and City Index both offer copy trading.

How many forex pairs and CFDs are available to trade?

IG provides traders 100 currency pairs (e.g., EUR/USD) compared to City Index's 84 available pairs. Forex pairs aside, IG offers traders access to 19537 CFDs while City Index has 13500 available CFDs, a difference of 6037.

Can I trust IG?

IG is a publicly traded company, operates a regulated bank, and is authorised by seven tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). IG is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), Financial Markets Authority (FMA), and the Commodity Futures Trading Commission (CFTC).

Can I trust City Index?

City Index is publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). City Index is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Monetary Authority of Singapore (MAS), and the Financial Conduct Authority (FCA).

Is IG good?

IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.

Is City Index good?

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.

Overall winner: IG

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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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