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 (founded 1983) and IUX (founded 2016) are online brokers with different regulatory footprints. City Index is publicly traded, while IUX is not; neither is a bank. According to ForexBrokers.com, City Index holds 7 Tier-1 licenses and 1 Tier-2 license, compared with IUX’s 1 Tier-1 and 1 Tier-2 license—indicating broader oversight for City Index by top-tier regulators.
Trust ratings echo this gap: City Index scores 99/99 on the ForexBrokers.com Trust Score (highly trusted: 90–99), while IUX scores 76/99 (average risk: 70–79). For context, 80–89 is trusted, 60–69 is high risk, and below 59 is not trusted. If safety and regulation are priorities, City Index offers higher third-party trust and wider regulatory coverage than IUX.
| 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 |
City Index and IUX are both rated 4.5 out of 5 stars for commissions and fees, but City Index ranks a little higher overall, coming in at #16 out of 36 brokers compared with IUX at #19 out of 36. In simple terms, both brokers offer pricing that can work well for many traders, but their fee structures are built a bit differently.
City Index keeps CFD, forex, and spread-betting pricing close to the industry average, with the best rates usually available on its own platforms or MetaTrader. Its EUR/USD average spread was 0.74 pips as of July 2023, and active traders may also qualify for rebates, discounts, or a Premium Trader account with extra perks after depositing more than £10,000. This makes City Index a solid choice for traders who want fair pricing and added benefits as trading volume grows.
IUX uses a more account-based pricing model, with standard accounts starting at a $10 minimum deposit and active-trader accounts like Raw and Pro requiring $500. The Standard and Standard+ accounts are spread-only, while the Raw account adds a $6 commission per 100,000 units and the Pro account offers lower spreads without commission. IUX can be cost-effective, especially on its Pro account, but it is more about choosing the right account type than getting the lowest market-wide pricing.
| Feature |
City Index
|
IUX
|
|---|---|---|
| Minimum Deposit | £100.00 | $50 |
| Average spread (EUR/USD) - Spread-only account | 1.4 | 0.86 |
| All-in Cost EUR/USD - Raw spread account | 0.9 | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
City Index offers a much wider range of investments than IUX, making it the stronger choice if variety matters to you. City Index provides access to 13,500 tradeable symbols and 66 forex pairs, while IUX offers 152 tradeable symbols and 34 forex pairs. Both brokers support forex trading as CFDs, and both let clients trade cryptocurrency CFDs, but neither allows you to buy actual cryptocurrency. City Index also stands out for copy trading, which IUX does not offer.
When it comes to shares, neither broker lets you buy U.S.-listed exchange traded securities outright, but IUX does offer access to international exchange traded securities, while City Index does not. These differences are reflected in expert ratings as well: City Index earns 5 stars for Range of Investments and ranks #8 out of 36 brokers on ForexBrokers.com, compared with IUX at 3.5 stars and #36. Overall, City Index is the better fit for traders who want more markets and more ways to diversify.
| Feature |
City Index
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 152 |
| Forex Pairs (Total) | 66 | 34 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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 give traders a wide range of platform choices, including free demo accounts, a proprietary trading platform, web-based access, and a Windows desktop download. Both brokers also let you trade directly from charts, which is useful for moving quickly when you spot an opportunity. In terms of overall platform quality, City Index is rated 4.5 out of 5 stars for Trading Platforms and Tools and ranks #11 out of 36 brokers at ForexBrokers.com, while IUX is rated 3.5 stars and ranks #36.
The biggest differences come down to extra features and platform support. City Index offers copy trading and MetaTrader 4 (MT4), while IUX does not; IUX offers MetaTrader 5 (MT5), while City Index does not. For traders who want more platform flexibility and a stronger set of tools, City Index has the edge. IUX still covers the basics well, but City Index stands out for offering more choices overall.
| Feature |
City Index
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 88 | 106 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
City Index and IUX both offer mobile trading apps for iPhone and Android, so traders on either platform can manage trades on the go. City Index stands out for its extra tools, including stock and forex price alerts, watchlist symbol syncing with the online account, and the ability to draw trendlines on charts. Its app also auto-saves chart drawings, making it easier to pick up where you left off. In ForexBrokers.com’s mobile app rankings, City Index is rated 4.5 out of 5 stars and placed #9 out of 36 brokers.
IUX also supports iPhone and Android trading, and it offers more technical studies in its mobile charting tools, with 106 compared with City Index’s 88. However, it does not offer price alerts, watchlist syncing, or trendline drawing in the app, which may matter for traders who want more control and convenience. IUX does auto-save chart drawings, but its overall mobile app score is 3.5 out of 5 stars, and it ranks #36 out of 36 brokers in ForexBrokers.com’s mobile trading apps category.
| Feature |
City Index
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
City Index comes out ahead of IUX for market research tools and news coverage. It offers daily market commentary, forex news from top sources like Bloomberg and Reuters, Trading Central research, and a sentiment tool that shows how traders are positioned. It also includes an economic calendar, giving users a handy way to track key global events. By comparison, IUX does not provide daily commentary, top-tier forex news, Trading Central, or a sentiment tool, although it does offer an economic calendar.
These differences show in the ratings and rankings too. City Index is rated 4.5 out of 5 for research and is ranked #10 out of 36 brokers by ForexBrokers.com in this category, while IUX is rated 3 out of 5 and ranked #36. For traders who want more market insight and trading ideas, City Index offers a much wider set of research features than IUX.
| Feature |
City Index
|
IUX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for trading education, City Index has the edge over IUX. City Index offers forex and CFDs education, runs online educational client webinars at least once a month, and provides 10+ beginner videos as well as 10+ advanced videos for traders who want to keep learning. That wider range of learning tools helps make it a stronger choice if you want step-by-step support as you build your skills. It also shows in its Education score of 4.5 out of 5 and its #9 ranking out of 36 brokers by ForexBrokers.com.
IUX does offer 10+ beginner videos and meets the basic mark for forex or CFDs education, but it falls short in a few key areas that matter to newer traders who want more guidance. It does not offer monthly educational webinars, and it does not provide 10+ advanced videos for more experienced learners. With an Education rating of 3 out of 5 and a #36 ranking out of 36, IUX appears to give beginners fewer learning options than City Index.
| Feature |
City Index
|
IUX
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | 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 #36.
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 |
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IUX
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| Overall Rating |
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| Trust Score | 99 | 76 |
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City Index vs IUX: neither broker supports buying actual (delivered) cryptocurrencies, but both offer cryptocurrency CFD trading.
City Index vs IUX: For deposits and withdrawals, City Index supports ACH/SEPA, PayPal, and bank wire transfers (not Skrill), while IUX supports Skrill and bank wire transfers (not ACH/SEPA or PayPal); Visa/Mastercard availability is not specified for either broker.
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 | 76 | |
| Winner | check_circle | ||
| Review | City Index Review | IUX Review |
| Broker Screenshots | City Index | IUX | |
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| Regulation | City Index | IUX | |
|---|---|---|---|
| Trust Score | 99 | 76 | |
| 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 (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | 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 | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | City Index | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 152 | |
| Forex Pairs (Total) | 66 | 34 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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) - Spread-only account | 1.4 | 0.86 | |
| All-in Cost EUR/USD - Raw spread account | 0.9 | 0.6 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | City Index | IUX | |
|---|---|---|---|
| Minimum Deposit | £100.00 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| Trading Platforms | City Index | IUX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | City Index | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 88 | 106 | |
| 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 Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | City Index | IUX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | City Index | IUX | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | City Index | IUX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | City Index Review | IUX Review |
| Overall | City Index | IUX | |
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| Trust Score | 99 | 76 | |
| Winner | check_circle | ||
| Review | City Index Review | IUX Review |
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