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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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.

IG Key Features


IG

Founded in 1974 by Stuart Wheeler as IG Index, IG are a publicly listed broker headquartered on Cannon Street in London. As of November 2017 IG was valued at over £2.4bn with an active client base (as of May 2017) of over 195,000. IG has offices in Dusseldorf, Geneva, Madrid, Milan, Paris, Stockholm, Shanghai, Melbourne, Singapore, Tokyo, Chicago, Johannesburg and Dubai.
IG Reviews IG Client Reviews
IG Expert Review
Exclusive Interview No - see other broker CEO interviews
Platforms IG Trading PlatformMT4, L2 Dealer & APIs
IG Updates Latest IG News, Views, Reviews & Guides
Min Deposit £250
Account Types Spread betting, CFDs, ForexStocks, ISA & SIPP, Prime Brokerage
Spread Types Fixed or variable
Funding Methods Cards, PayPal, Bank transfer
Customer Support Phone, email, livechat
Execution Type STP, Hedged, DMA, Internally matched
FTSE 100 Pricing 1 point
Germany 30 Pricing 1 point
Wall Street Pricing 1.6 points
Bitcoin Pricing 30 points
Ether Pricing 5 points
EURGBP Pricing 0.9 points
EURUSD Pricing 0.6 points
GBPUSD Pricing 0.9 points
Gold Pricing 0.3 points
Oil Pricing 3 points
Stock Pricing 0.10%
FCA Regulated Yes - See status
Year Established 1974
Active Clients 195,000
Markets available 15,000+
Retail Accounts Yes
Professional Accounts Yes
Listed PLC Yes (LSE) See IG share price
Country Founded UK
Inactivity Fee £12 per month after 24 months
Overnight Funding Rates 2.5% +/- Libor
Educational Material Yes
Office Locations 14
IG Alternatives IG Versus ETX Capital
IG Versus Core Spreads
IG Versus Plus 500
IG Versus Spreadex
IG Versus Saxo Capital Markets
IG Versus City Index
IG Versus Forex.com
IG Versus Pepperstone
IG Versus XTB
IG Versus eToro
IG Versus ayondo
IG Versus CMC Markets

City Index Key Features

City Index

City Index are one of the largest spread betting and CFD brokers in the UK. Although, they are now owned by the Americans. Michael Spencer, the City supremo who also founded ICAP and was once the treasurer to the Tory party set up City Index (or "City" to those in the know) back in 1984.  In 2014 it was sold to Gain Capital for $118m.

City Index Reviews City Index Client Reviews
City Index Expert Review
City Index Interview No - see other broker CEO interviews
City Index updates Latest City Index News, Views, Reviews & Guides
Platforms City Index Advantage Web, AT Pro, MT4
Min Deposit £100
Account Types Spread betting, CFDs, Forex
Spread Types Fixed and variable
Funding Methods Debit and credit card, Bank transfer
Customer Support Phone, email and livechat
Execution Type OTC
UK 100 Pricing 1 point
Germany 30 Pricing 1 point
Wall Street Pricing 2.8 point
Bitcoin Pricing 40
Ether Pricing 8
EURGBP Pricing 1.2 points
EURUSD Pricing 0.6 points
GBPUSD Pricing 1.4 points
Gold Pricing 0.3 points
Oil Pricing 4 points
Stock Pricing 0.1%
FCA Regulated Yes as Gain Capital - See status
Year Established 1983
Active Clients 20,000
Markets available 12,000
Retail Accounts Yes
Professional Accounts Yes
Listed PLC Yes as Gain Capital See share price
Country Founded UK
Inactivity Fee £12 after 12 months
Overnight Funding Rates 2.5% +/- Libor
Educational Material Yes
Office Locations 1
City Index Alternatives City Index Versus IG
City Index Versus ETX Capital
City Index Versus Core Spreads
City Index Versus Plus 500
City Index Versus Spreadex
City Index Versus Saxo Capital Markets
City Index Versus Forex.com
City Index Versus Pepperstone
City Index Versus XTB
City Index Versus eToro
City Index Versus ayondo
City Index Versus CMC Markets

IG Versus City Index - Side by Side Review

Wondering if you should stay with the great British spread betting broker IG versus City Index? Read through our quick summary of the key points to find out...

How long have they been around?

IG, remain the oldest and best spread betting broker.  Not my words, the words of Investment Trends.  Founded in 1974 by Stuart Wheeler they are a great British institution listed on the London Stock Exchange valued at over £2.5BN.  City Index was quite good when Michael Spencer set it up, but now it's owned by the Yanks (Gain Capital) so who knows what is going to happen.

How tight are their spreads?

City Index spreads are certainly competitive.  Not five star though.  IG don;t really compete on price.  They are the best spread betting broker and know it so use there position in the market to win new business rather than participate in a race to the bottom of the pricing barrel.

Trading platform choice

City Index's platform is pretty good.  It's been one of their strong points and backed up with experienced dealers offering decent execution for key clients.

IG, do however lead the way in terms of innovation and trader tools.  Their platform is built in-house and offers some of the most helpful tools in the market.  Try it out here.

How broad is the market range?

Both IG and City Index offer huge market range and there is really no determinable difference between the two offerings.  If you need to trade it both brokers should be able to cater to your needs.  If they don't offer something there is probably a good reason...

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