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City Index vs IG 2020

ForexBrokers.com | January 17th, 2020

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Is City Index better than IG? After scoring the best forex brokers on nearly 100 different variables, IG is better than City Index. Regulated and trusted across the globe, IG offers traders an extensive list of tradable products, excellent trading and research tools, industry-leading education, and competitive rates. This fantastic all-round experience makes IG our No. 1 overall broker in 2019.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Overall Rating

Feature City Index IG
Overall 4 4.5
City Index Review IG Review
72% of retail CFD accounts lose money 68% 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 4 4.5
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 4.5 4.5
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 4 4.5
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 4 4
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 4 4.5
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 4 4
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 4 4.5
Winner check_circle
To find the top fx brokers, the team here at ForexBrokers.com collected over 2,200 data points during a several month review of the forex industry. In this fx broker comparison, we will compare City Index vs IG.

To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Both City Index and IG hold a 4.50 star rating.

Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Both City Index and IG are regulated in a major hub. City Index alongside IG are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. IG offers its clients access to 93 different currency pairs while City Index has 84 available pairs, a difference of 9.

To round out our comparison of City Index vs IG, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. City Index and IG both offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. City Index boasts an offering of 25 charting tools compared to IG's 19 available charting tools. City Index boasts an offering of 139 different indicators (for example, moving averages) compared to IG's 28 available indicators.

City Index Review
IG Review

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Trading CFDs, FX, and cryptocurrencies involve 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 01/15/2020 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.

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IG - 68% 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.

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