To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare City Index vs IG Group.
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 Group hold a 4.5 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. City Index alongside IG Group are regulated in a major hub. Both City Index and IG Group are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. IG Group offers its clients access to 91 different currency pairs while City Index has 84 available pairs, a difference of 7.
To round out our comparison of City Index vs IG Group, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. City Index alongside IG Group 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 offers its clients access to 25 charting tools while IG Group has 17 charting tools, a difference of 8. City Index offers its clients access to 139 different indicators (for example, volume) while IG Group has 22 available indicators, a difference of 117.
Overall, IG Group boasts 4.5 stars versus City Index's 4 stars. And, when it comes to individual category awards, IG Group was rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2018, while City Index was rated none of these.