Is City Index better than IG? After testing 30 of the best forex brokers over five months, IG is better than City Index. Regulated and trusted across the globe, IG offers traders an extensive list of tradeable products, excellent trading and research tools, industry-leading education, and competitive rates. This fantastic all-round experience makes IG the best overall broker in 2020.
ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure
IG vs City Index 2020
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.
|
|
|
|
Since 1974, join 195,000 traders worldwide, listed on the FTSE 250 Visit Site
|
||
| Visit Site |
Overall Rating
| Feature | IG | City Index |
| Overall | ||
| IG Review | City Index Review | |
| 76% of retail CFD accounts lose money | 71% of retail CFD accounts lose money |
Regulation
| Feature | IG | City Index |
| Trust Score | 99 | 93 |
|
Year Founded |
1974 | 1983 |
|
Publicly Traded (Listed) |
Yes | Yes |
|
Bank |
Yes | No |
|
Tier-1 Licenses |
6 | 3 |
|
Tier-2 Licenses |
3 | 0 |
|
Tier-3 Licenses |
1 | 1 |
|
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | IG | City Index |
|
ASIC Authorised (Australia) |
Yes | Yes |
|
IIROC Authorised (Canada) |
No | No |
|
SFC Authorised (Hong Kong) |
No | No |
|
FSA Authorised (Japan) |
Yes | No |
|
MAS Authorised (Singapore) |
Yes | Yes |
|
FINMA Authorised (Switzerland) |
Yes | No |
|
FCA Authorised (UK) |
Yes | Yes |
|
CFTC Registered (USA) |
Yes | No |
Investments
| Feature | IG | City Index |
|
Forex: Spot Trading |
Yes | Yes |
|
Social Trading / Copy-Trading |
Yes | Yes |
|
Currency Pairs (Total Forex pairs) |
93 | 84 |
|
CFDs - Total Offered |
17535 | 4500 |
|
Cryptocurrency traded as actual |
No | No |
|
Cryptocurrency traded as CFD |
Yes | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | IG | City Index |
|
Average Spread EUR/USD - Standard |
0.7 (as of May 19) | 0.8 (Oct 19) |
|
All-in Cost EUR/USD - Active |
0.363 (as of Mar 16) | 0.8 (Oct 19) |
|
Active Trader or VIP Discounts |
Yes | Yes |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | IG | City Index |
|
Minimum Initial Deposit |
£250.00 | £50.00 |
|
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 | IG | City Index |
|
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 | IG | City Index |
|
Virtual Trading (Demo) |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watchlists - Total Fields |
14 | 18 |
|
Charting - Indicators / Studies (Total) |
28 | 139 |
|
Charting - Drawing Tools (Total) |
19 | 25 |
|
Charting - Trade From Chart |
Yes | Yes |
|
Charting - Drawings Autosave |
No | Yes |
|
Order Type - Trailing Stop |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Mobile Trading
| Feature | IG | City Index |
|
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 |
28 | 74 |
|
Charting - Draw Trend Lines |
Yes | Yes |
|
Charting - Trend Lines Moveable |
Yes | No |
|
Charting - Multiple Time Frames |
Yes | Yes |
|
Charting - Drawings Autosave |
Yes | No |
|
Forex Calendar |
Yes | Yes |
| Mobile Trading | ||
| Winner | check_circle |
Research
| Feature | IG | City Index |
|
Daily Market Commentary |
Yes | Yes |
|
Forex News (Top-Tier Sources) |
Yes | Yes |
|
Weekly Webinars |
Yes | No |
|
AutoChartist |
Yes | Yes |
|
Trading Central (Recognia) |
No | Yes |
|
Delkos Research |
No | No |
|
Social Sentiment - Currency Pairs |
Yes | Yes |
|
Economic Calendar |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Education
| Feature | IG | City Index |
|
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 | IG | City Index |
|
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 | IG | City Index |
| IG Review | City Index Review | |
| Overall | ||
| Winner | check_circle |
Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare City Index vs IG.
Does City Index or IG 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 City Index or IG safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. IG holds 6 global Tier-1 licenses, while City Index holds 3. IG holds 3 global Tier-2 licenses, while City Index holds 0. All regulators considered, IG has a Trust Score of 99.00, while City Index's Trust Score is 93.00.
Which trading platform is better: City Index or IG?
To compare the trading platforms of both City Index and IG, 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. City Index and IG both offer copy trading. Both City Index and IG offer MetaTrader 4 (MT4).
How many forex pairs and CFDs are available to trade?
IG provides traders 93 currency pairs (e.g., EUR/USD) compared to City Index's 84 available pairs. Forex pairs aside, IG offers traders access to 17535 CFDs while City Index has 4500 available CFDs, a difference of 13,035.
Overall, between City Index and IG, IG is the better forex broker.
City Index ReviewIG Review
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 01/20/2020 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.
The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.
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.
