Written by ForexBrokers.com
In this head to head comparison of City Index vs IUX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
City Index, established in 1983, is a publicly traded online broker boasting a perfect Trust Score of 99 as per ForexBrokers.com. With 7 Tier-1 licenses, City Index is firmly positioned as a highly trusted choice for traders. Although not a bank, its high regulatory standing and long history in the industry provide clients with added confidence and security. Additionally, City Index holds 1 Tier-2 license, reinforcing its trusted status further.
On the other hand, IUX, founded in 2016, is a non-publicly traded broker with a Trust Score of 78, indicating an average risk according to ForexBrokers.com. IUX holds 1 Tier-1 license and 1 Tier-2 license, showing some level of regulatory compliance, but does not match the higher trust levels associated with City Index. As a newer, non-bank broker, IUX may appeal to some traders, but its regulatory profile suggests a need for more caution than with City Index.
| Feature |
City Index
|
IUX
|
|---|---|---|
| Year Founded | 1983 | 2016 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing online brokers City Index and IUX, both offer competitive options for traders, though their pricing structures vary in significant ways. City Index provides trading opportunities for CFDs, forex, and spread-betting products with pricing that aligns with the industry average. Utilizing City Index’s proprietary platforms or MetaTrader ensures the best possible pricing. Traders interested in exclusive perks can consider the Premium Trader account, which requires a deposit of over £10,000 and features exclusive pricing and dedicated customer service. With an average spread of 0.74 pips on the EUR/USD, City Index offers active traders rebates starting at £4 per million for volumes above £25 million per month. City Index ranks 14th out of 63 brokers on ForexBrokers.com for its commissions and fees, earning a 4.5-star rating.
IUX, on the other hand, provides a choice between standard and active trader accounts. With only a $10 minimum deposit, the Standard account offers lower spreads without promotional bonuses, whereas the Standard+ account allows for deposit bonus promotions but features wider spreads. For those trading more actively, IUX's Raw and Pro accounts require a $500 deposit, with the Raw account delivering the lowest spreads alongside a commission. The Pro account forgoes commissions entirely, operating on narrower spreads. IUX advertises average EUR/USD spreads of 0.7 pips for the Pro account and 0.6 pips for the Raw account when accounting for the commission’s pip equivalent. Although IUX does not distinguish itself as a low-cost leader, it offers competitive pricing for a smaller broker and has achieved a 4-star rating and a 48th place ranking on ForexBrokers.com.
For traders deciding between these two brokers, City Index appeals to those seeking industry-aligned costs with substantial support for active traders through rebates and discounts. Meanwhile, IUX offers flexible account structures catering to both standard and active traders, with competitive spread options for those prepared to meet the deposit thresholds. Selecting the right broker will depend on individual preferences for account types, spread and commission structures, and additional services offered.
| Feature |
City Index
|
IUX
|
|---|---|---|
| Minimum Deposit | £100.00 | 10 |
| Average Spread EUR/USD - Standard | 1.4 | 0.9 |
| All-in Cost EUR/USD - Active | 0.74 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing City Index and IUX in terms of their available range of investments, both brokers provide opportunities for forex trading via CFDs or spot contracts. However, City Index offers an impressive 13,500 tradeable symbols, significantly exceeding IUX's 152 symbols. Additionally, City Index provides access to 66 tradeable forex pairs compared to IUX's smaller selection of 34 pairs. While neither broker offers the ability to purchase exchange-traded securities on U.S. exchanges, IUX stands out by allowing clients to invest in international exchange-traded securities, such as shares on the London Stock Exchange, which is not an option with City Index.
In terms of advanced trading features, City Index includes copy trading options, a service not available with IUX. Both brokers facilitate trading in cryptocurrency derivatives, though neither allows for the direct purchase of actual cryptocurrencies. Given these aspects, City Index holds a stronger position with a 5-star rating for range of investments, ranking 8th out of 63 brokers according to ForexBrokers.com. In comparison, IUX is rated at 3.5 stars, ranking 60th. These distinctions highlight City Index as a more comprehensive choice for traders seeking a broader diversity of investment options.
| Feature |
City Index
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 152 |
| Forex Pairs (Total) | 66 | 34 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | 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). |
Dive deeper: Best Copy Trading Platforms.
City Index and IUX both provide a comprehensive trading experience with features appealing to a wide range of traders. Both brokers offer simulated trading through free virtual demo accounts and have developed proprietary platforms. They also provide Windows-based desktop and web-based trading platforms, ensuring versatility for users. However, City Index stands out for offering MetaTrader 4 (MT4) and copy trading options, whereas IUX focuses on the newer MetaTrader 5 (MT5) but lacks copy trading functionalities. While neither supports popular social trading platforms that include DupliTrade or ZuluTrade, they both allow direct trading from stock charts.
In terms of customization tools, City Index offers an extensive array of 239 drawing tools compared to IUX's 89, but IUX compensates with a richer watch list functionality with 46 columns versus City Index's 11. Both platforms perform well, but City Index demonstrates a slight edge with a higher ForexBrokers.com rank for trading platforms and tools, rated 11th out of 63 brokers, compared to IUX's 59th rank. City Index also receives a 4.5-star rating for its trading platforms and tools, surpassing IUX's 3.5 stars. These distinctions make City Index a preferred choice for traders seeking extensive toolsets and platform versatility.
| Feature |
City Index
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 106 |
| Charting - Drawing Tools (Total) | 239 | 89 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of City Index and IUX, both platforms offer functionality for iPhone and Android users, ensuring accessibility across popular devices. City Index stands out with features like stock and forex price alerts and watchlist symbol syncing, which allows users to keep their online account and mobile app watchlists consistent. On the other hand, IUX lacks these syncing capabilities and alert features, potentially affecting user experience for those who rely on constant updates and seamless integration.
City Index provides an impressive 88 technical studies for charting, slightly below IUX's offering of 106. However, City Index allows users to draw trendlines on charts—a feature not available in the IUX app. Both platforms support viewing multiple time frames and auto-saving of chart drawings, as well as creating watchlists with real-time quotes. Despite these similarities, City Index is rated higher for its mobile app performance with a 4.5-star rating compared to IUX's 3.5 stars. Moreover, City Index is ranked #9 by ForexBrokers.com, significantly outperforming IUX, which comes in at #60. This indicates a stronger endorsement for City Index's mobile trading experience.
| Feature |
City Index
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research offerings, City Index stands out compared to IUX. City Index provides daily market commentary and forex news from renowned sources like Bloomberg and Reuters, ensuring traders have access to timely information. In contrast, IUX does not offer daily market commentary nor does it provide forex news from top-tier sources. Furthermore, City Index enhances its research suite with tools from Trading Central, such as Technical Analytics, and offers a sentiment-based trading tool that displays the ratio of long or short positions across different instruments. IUX, however, does not provide these resources, offering traders less support in technical and sentiment analysis.
Both brokers offer an economic calendar to help traders keep track of global news events, but City Index's comprehensive research approach earns it impressive accolades. City Index is rated 4.5 out of 5 stars in research and ranks 10th among 63 brokers according to ForexBrokers.com. IUX, on the other hand, is given a lower rating of 3 stars and sits at 59th in the same research category rankings. This comparison illustrates that City Index provides a significantly more expansive and valued research experience for its users.
| Feature |
City Index
|
IUX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, City Index distinguishes itself from IUX in several key areas. City Index offers an expansive collection of more than ten educational pieces focused on forex and CFDs, ensuring that newcomers receive a comprehensive learning experience. They also provide online webinars at least once per month and offer a searchable archive of past webinars, enabling learners to access a wealth of recorded content. Additionally, beginners can benefit from at least ten videos tailored to their level of expertise. In contrast, IUX does not meet the same standard, lacking educational offerings in several critical areas like forex and CFDs education, webinars, and an archive of recorded sessions.
Beyond beginner resources, City Index continues to provide for advanced traders with over ten advanced educational videos, whereas IUX falls short in this domain. For those needing clarity on trading terminology, City Index's investor dictionary covers over 50 investing terms, which is not available through IUX. Reflecting these differences, City Index earns a commendable 4.5-star rating for education and ranks 9th out of 63 brokers for its educational resources according to ForexBrokers.com. In comparison, IUX carries a more modest 3-star rating and ranks 59th, highlighting the disparity in educational support between these two online brokers.
| Feature |
City Index
|
IUX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that City Index is better than IUX. City Index finished with an overall rank of #8, while IUX finished with an overall rank of #55.
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.
| Feature |
City Index
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IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 78 |
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Both City Index and IUX do not provide the option to purchase actual delivered cryptocurrency, but they both offer the ability to trade cryptocurrency derivatives instead.
In comparing online brokers City Index and IUX, City Index stands out with options for ACH or SEPA transfers, PayPal, Visa or Mastercard, and bank wires, whereas IUX provides options for Skrill, Visa or Mastercard, and bank wires, but lacks ACH, SEPA, and PayPal capabilities.
Please note:
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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0 of 5| Overall Rating | City Index | IUX | |
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| Trust Score | 99 | 78 | |
| Winner | check_circle | ||
| Review | City Index Review |
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| Regulation | City Index | IUX | |
|---|---|---|---|
| Trust Score | 99 | 78 | |
| Year Founded | 1983 | 2016 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | City Index | IUX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | City Index | IUX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | City Index | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 152 | |
| Forex Pairs (Total) | 66 | 34 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | 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). |
| Cost | City Index | IUX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.74 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | City Index | IUX | |
|---|---|---|---|
| Minimum Deposit | £100.00 | 10 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | City Index | IUX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | City Index | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 46 | |
| Charting - Indicators / Studies (Total) | 88 | 106 | |
| Charting - Drawing Tools (Total) | 239 | 89 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | City Index | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | City Index | IUX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | City Index | IUX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | City Index | IUX | |
|---|---|---|---|
| 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 | |
| Review | City Index Review |
| Overall | City Index | IUX | |
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| Trust Score | 99 | 78 | |
| Winner | check_circle | ||
| Review | City Index Review |
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