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City Index vs Markets.com 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is City Index better than Markets.com? In our analysis of 23 international regulators across 39 of the best forex brokers, City Index is considered low-risk, with an overall Trust Score of 99 out of 99. Markets.com is considered low-risk, with an overall Trust Score of 98 out of 99. Learn more about Trust Score.

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Overall RatingCity IndexMarkets.comIG
Overall Rating5 Stars4.5 Stars5 Stars
Commissions & Fees4.5 Stars3.5 Stars5 Stars
Offering of Investments5 Stars4 Stars5 Stars
Platform & Tools4.5 Stars4 Stars5 Stars
Mobile Trading5 Stars4 Stars5 Stars
Research4.5 Stars4 Stars5 Stars
Education4.5 Stars3.5 Stars5 Stars
Trust Score999899
Winnercheck_circle
ReviewCity Index ReviewMarkets.com ReviewIG Review
RegulationCity IndexMarkets.comIG
Trust Score999899
Year Founded198319991974
Publicly Traded (Listed)YesYesYes
BankNoNoYes
Tier-1 Licenses327
Tier-2 Licenses222
Tier-3 Licenses111
Authorised in European UnionYesYesYes
About RegulationA “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)City IndexMarkets.comIG
ASIC Authorised (Australia)YesYesYes
IIROC Authorised (Canada)YesNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)YesNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesNoYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)City IndexMarkets.comIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoYesYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)YesNoYes
Tier-3 Licenses (Low Trust)City IndexMarkets.comIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)YesNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoYesNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsCity IndexMarkets.comIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)13500217919537
Forex Pairs (Total)8457100
U.S. Stock Trading (Non CFD)NoNoYes
Int'l Stock Trading (Non CFD)NoNoYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).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).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).
CostCity IndexMarkets.comIG
Average Spread EUR/USD - Standard1.0 (July 2022)1.9 (as of Oct 2019)0.86 (September 2022)
All-in Cost EUR/USD - Active1.0 (July 2022)1.9 (as of May 2019)0.5957 (September 2022)
Active Trader or VIP DiscountsYesYesYes
Execution: Agency BrokerNoNoYes
Execution: Market MakerYesYesYes
FundingCity IndexMarkets.comIG
Minimum Initial Deposit£100.00$100£250.00
PayPal (Deposit/Withdraw)YesNoYes
Skrill (Deposit/Withdraw)NoYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsCity IndexMarkets.comIG
Proprietary PlatformYesYesYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)NoYesNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolsCity IndexMarkets.comIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesNoYes
Watchlists - Total Fields11614
Charting - Indicators / Studies (Total)888933
Charting - Drawing Tools (Total)81420
Charting - Trade From ChartYesNoYes
Charts can be savedYesYesYes
Mobile TradingCity IndexMarkets.comIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingYesYesYes
Mobile Charting - Indicators / Studies88(default on MT4, none on Markets app)33
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesNoYes
Mobile Charting - Drawings AutosaveYesNoYes
Forex CalendarYesNoYes
ResearchCity IndexMarkets.comIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)YesYesYes
AutochartistNoNoYes
Trading Central (Recognia)YesNoNo
Social Sentiment - Currency PairsYesYesYes
Economic CalendarYesYesYes
EducationCity IndexMarkets.comIG
Has Education - Forex or CFDsYesNoYes
Client WebinarsYesYesYes
Client Webinars (Archived)YesNoYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosYesYesYes
Investor Dictionary (Glossary)YesNoYes
Major Forex PairsCity IndexMarkets.comIG
GBP/USDYesNoYes
USD/JPYYesNoYes
EUR/USDYesNoYes
USD/CHFYesNoYes
USD/CADYesNoYes
NZD/USDYesNoYes
AUD/USDYesNoYes
ReviewCity Index ReviewMarkets.com ReviewIG Review
OverallCity IndexMarkets.comIG
Overall Rating5 Stars4.5 Stars5 Stars
Commissions & Fees4.5 Stars3.5 Stars5 Stars
Offering of Investments5 Stars4 Stars5 Stars
Platform & Tools4.5 Stars4 Stars5 Stars
Mobile Trading5 Stars4 Stars5 Stars
Research4.5 Stars4 Stars5 Stars
Education4.5 Stars3.5 Stars5 Stars
Trust Score999899
Winnercheck_circle
ReviewCity Index ReviewMarkets.com ReviewIG Review
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City Index vs Markets.com Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare City Index vs Markets.com.

Does City Index or Markets.com 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 Markets.com safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. City Index holds 3 global Tier-1 licenses, while Markets.com holds 2. Both City Index and Markets.com hold 2 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, City Index earned a higher Trust Score than Markets.com.

Which trading platform is better: City Index or Markets.com?

To compare the trading platforms of both City Index and Markets.com, 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. Both City Index and Markets.com offer MetaTrader 4 (MT4).City Index and Markets.com both offer copy trading.

How many forex pairs and CFDs are available to trade?

City Index provides traders 84 currency pairs (e.g., EUR/USD) compared to Markets.com's 57 available pairs. Forex pairs aside, City Index offers traders access to 13500 CFDs while Markets.com has 2179 available CFDs, a difference of 11321.

Can I trust City Index?

City Index is publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). City Index is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Monetary Authority of Singapore (MAS), and the Financial Conduct Authority (FCA).

Can I trust Markets.com?

Markets.com is publicly traded, does not operate a bank, and is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). Markets.com is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Is City Index good?

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.

Is Markets.com good?

Thanks to its web-based MarketsX platform, Markets.com is easy to use and new trader friendly. However, Markets.com is pricey and lacks the feature-rich trading tools required to compete with the best trading platforms.

Overall winner: IG

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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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