City Index vs IG

City Index
IG

Compare City Index vs IG Side by Side

Trying to choose between City Index vs IG, but can’t decide which Broker is better Broker for your trading strategy? We made a detailed comparison between City Index vs IG Review, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.

Summary

FeatureCity IndexIG
Website//www.cityindex.co.uk//www.ig.com
Founded year19831974
HeadquarterUKUK
LicensesUK, Canada, Australia, Singapore, UAE, Japan, USUK, Australia, Switzerland, Singapore, UAE, Japan, US
Minimum Deposit100 US$300 US$
Trading PlatformsAdvantage Web, AT Pro, MT4IG Proprietary, MT4
Eurusd avg Spread0.5 pips0.6 pips

Licenses

FeatureCity IndexIG
Licenses Countries Info (short)
  • ASIC
  • IIROC
  • JFSA
  • MAS
  • DFSA
  • FCA
  • CFTC
  • CIMA
  • ASIC
  • JFSA
  • MAS
  • FINMA
  • FCA
  • CFTC

Both City Index vs IG brokers are regulated in US, UK, Australia and Japan, which makes their offers equally strong, adding some other top-tier licenses, such as Canadian one for City Index or Switzerland license for IG broker.

Broker Types

FeatureCity IndexIG
Broker types
  • Market Making
  • Market Making

Both Brokers operate Market Making model making them equal, both brokers execution is high speed with no rejections. Also, in comparison to the STP brokers, Market Makers have less volatile quote allocation with a smoother offering.

Trading Conditions

FeatureCity IndexIG
Trading Conditions
  • fixed spread
  • low spread
  • tight spread
  • expert advisor
  • hedging
  • scalping
  • beginners
  • low spread
  • expert advisor
  • hedging
  • scalping
  • social trading

There are certain similarities in trading conditions of City Index vs IG, as they both offer their traders trading possibilities like scalping and hedging, both provide Expert Advisors and low spreads. The only difference and we should say an advantage for IG is the social trading, which makes broker even more suitable for beginning traders.

Fees & Commissions

FeatureCity IndexIG
Inactivity Feemonth15 $18 $
Deposit fee0 $0 $
Withdrawal fee0 $0 $
Rollover fee eurusd buy 1 lot-0.817-2.5%
Rollover fee eurusd sell 1 lot+1.28+2.5%
Avg Eurusd standard acc0.5 pips0.6 pips
Gold0.330
Brent oil43
Bitcoin4065

Both City Index vs IG offer relatively low trading fees (charging only inactivity fee), and trading costs of both brokers are quite similar. For example, the EURUSD Spread from both City Index vs IG is lower than the average in the industry.

Account Types

FeatureCity IndexIG
Account types
  • Standard Account
  • Standard Account

While IG has only one Standard Account to offer, City Index traders can apply either for a financial spread betting or CFD trading account. Furthermore, there are options between three account types: Trader, Premium Trader and Professional Trader respectively, while all of them are featuring the same efficiency, utmost support and technology used, but vary by the level of the trader itself. This definitely gives a slight advantage to City Index.

Markets & Instruments

FeatureCity IndexIG
Forex80+200+
Indices2078
Commodities2945
Cryptocurrencies✔️8
Shares4,500+10,000+
Bonds12
Options
Binary options
Spread betting
Treasuries
Futures
Etfs6902,000+

The portfolios of both City Index and IG are quite similar, only that City Index additionally has Bonds to offer. At the same time, IG offers a bigger number of assets for each market group.

Trading Platforms

FeatureCity IndexIG
Platforms
  • own platform
  • MetaTrader 4
  • own platform
  • MetaTrader 4

Both City Index vs IG Brokers offer great proprietary Trading Platforms, and both additionally offer MetaTrader4. Basically, the proposals are very similar and those proprietary platforms are equally impressive, innovative and powerful with vast of tools and capabilities of the softwares.

Deposit & Withdrawal Methods

FeatureCity IndexIG
Payment methods
  • credit card
  • debit card
  • credit card
  • debit card
  • neteller
  • PayPal
  • skrill

City Index set of payment methods, compared to IG, is relatively “modest” as it is limited to bank transfers and debit/credit cards. While IG simply also offers several popular e-wallets, like PayPal, Neteller and Skrill.

Others

FeatureCity IndexIG
Others
  • Webinar
  • Video Tutorial
  • telephone
  • live chat
  • 24/5 availability
  • Webinar
  • telephone
  • live chat
  • 24/7 availability

Both City Index vs IG provide excellent customer support. As to the educational materials, both brokers stand out with strong professional interactive education, providing access to well-organized advanced learning centers.

Conclusion on City Index vs IG

Concluding City Index vs IG comparison we found both brokers are reliable and trustworthy with years of experience, reliable and regulated. Both brokers provide their own proprietary platforms, low spreads and trading fees and a wide range of trading instruments. However, the advantage goes to IG for providing access to social trading, making itself suitable not only for professionals, but also for beginners. Here is our final recommendation:

  • City Index – 🥇 Best Market Making CFD Broker for offering a separate CFD account to satisfy clients’ needs.
  • IG – 🥇Lowest Spread Forex Broker being comfortable for beginning traders.