City Index vs 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.
|Licenses||UK, Canada, Australia, Singapore, UAE, Japan, US||UK, Australia, Switzerland, Singapore, UAE, Japan, US|
|Minimum Deposit||100 US$||300 US$|
|Trading Platforms||Advantage Web, AT Pro, MT4||IG Proprietary, MT4|
|Eurusd avg Spread||0.5 pips||0.6 pips|
|Licenses Countries Info (short)|
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.
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.
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
|Inactivity Feemonth||15 $||18 $|
|Deposit fee||0 $||0 $|
|Withdrawal fee||0 $||0 $|
|Rollover fee eurusd buy 1 lot||-0.817||-2.5%|
|Rollover fee eurusd sell 1 lot||+1.28||+2.5%|
|Avg Eurusd standard acc||0.5 pips||0.6 pips|
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.
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
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.
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
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.
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.