City Index vs IG Index
City Index or IG Index – which is better for UK traders 2024? Compare City Index and IG Index in this detailed breakdown of their platforms, features and fees.
City Index | IG Index |
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City Index is ranked #11 among CFD brokers. | IG Index is ranked #19 among CFD brokers. |
City Index is an established and award-winning forex, CFD and spread betting broker with top-tier global regulation, including in the UK (FCA) and Australia (ASIC). With 30+ years in the industry, 13,500+ instruments and 24/5 customer support, City Index is a solid pick for aspiring traders. | Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders. |
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. |
Pros | |
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Cons | |
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Awards | |
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FCA Regulated | |
Yes | Yes |
Instruments | |
CFDs, Forex, Stocks, Options, Commodities, Bonds | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $0 |
Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
ASIC, FCA, MAS | FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA |
Mobile Apps | |
Yes | iOS & Android |
Trading App | |
IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user-friendly layout, access to full charting and a stable and reliable application. It also offers guaranteed stops – an important risk management tool not available on many apps we’ve tested. |
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iOS App Rating | |
Android App Rating | |
Margin Trading | |
No | Yes |
Margin Rate | |
2.5% | 2.5% |
MetaTrader 4 | |
Yes | Yes |
MetaTrader 5 | |
No | No |
cTrader | |
No | No |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
Yes | No |
Autochartist | |
No | Yes |
eSignal | |
No | No |
Trading Central | |
Yes | Yes |
STP Account | |
Yes | No |
ECN Account | |
No | No |
DMA Account | |
Yes | Yes |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | Yes |
Negative Balance Protection | |
Yes | Yes |
Market Maker | |
No | Yes |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
Smart Signals | Yes |
VPS Hosting | |
No | Yes |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | Yes |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
Yes | Yes |
Inactivity Fee | |
£12 | $12 |
Islamic Account | |
No | No |
Account Currencies | |
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Commodities | |
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CFD | |
Trade 5,000+ CFDs from a single account with no hidden fees and free live market data. The suite of markets is impressive vs alternatives, including access to shares, indices, commodities and bonds. | IG offers a huge selection of 17,000+ CFDs, providing more trading opportunities than most CFD brokers. Traders can go long or short on popular markets like stocks, currencies, commodities and cryptos, while custom price alerts and the IG Academy continue to enhance the trading experience. |
Leverage | |
1:30 (Retail), 1:50 (Accredited Investor), 1:200 (Sophisticated Investor), 1:300 (Wholesale Investor), 1:400 (Professional Trader). Varies with jurisdiction. | 1:30 (Retail), 1:222 (Pro) |
FTSE Spread | |
1 pt | 1.0 |
GBPUSD Spread< | |
0.8 pips | 0.9 |
Oil Spread | |
0.4 | 2.8 |
Stocks Spread | |
Variable | 0.02 |
Forex | |
Trade a wide selection of 80+ currency pairs with spreads from 0.5 pips and industry-favorite platforms. City Index has 40+ years experience in forex trading with liquidity from tier-one banks. | IG offers an above-average suite of 80+ currency pairs on its proprietary web platform, mobile app or MetaTrader 4, with more advanced charts and forex analysis tools available on the ProRealTime software. Forex spreads are competitive based on tests, starting from 0.1 pips on majors like the EUR/USD. |
Assets | |
84 | 80+ |
GBPUSD Spread | |
0.8 | 0.9 |
EURUSD Spread | |
0.5 | 0.8 |
EURGBP Spread | |
0.8 | 0.9 |
Currency Indices | |
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City Index | IG Index |
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. |
More Comparisons | |
City Index vs |
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