Which trading platform is best, IG or City Index?IG is objectively the better trading platform compared to City Index when judged on the criteria set out below. In fact, IG won in its head to head with City Index, in every category, except for the highest levels of margin. Compare these top two brokers IG Index and City Index side by side. See which brokers offer the best fees, trading platforms, features and prices for your trading.
73% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
IG Total Markets
IG Key Info
|Number Active Clients||313000|
|Inactivity Fee||£12 per month|
IG Account Types
|DMA (Direct Market Access)||✔️|
IG Average Fees
|IG Versus CMC Markets|
|IG Versus Pepperstone|
|IG Versus Saxo Markets|
|IG Versus City Index|
|IG Versus Spreadex|
|IG Versus ETX Capital|
|IG Versus Markets.com|
|IG Versus Capital.com|
|IG Versus eToro|
|IG Versus Plus 500|
Visit City Index
70% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
|City Index Reviews|
City Index Total Markets
City Index Key Info
|Number Active Clients||126000|
|Inactivity Fee||£12 per month|
City Index Account Types
|DMA (Direct Market Access)||❌|
City Index Average Fees
|US Stocks||$0.018 per share|
|Compare Alternatives||City Index Versus IG|
|City Index Versus CMC Markets|
|City Index Versus Pepperstone|
|City Index Versus Spreadex|
|City Index Versus Saxo Markets|
Which trading platform has the best customer reviews?
IG is the trading platform that has the best customer reviews under the Good Money Guide’s unique multi-factor ratings system. IG has a score of 4.05 out of a possible 5.0 points whilst City Index scored 3.40 points.
IG also outscored City Index in the Good Money Guide customer reviews and in those posted on TrustPilot as well.
Which trading platform offers the most markets?
IG is the trading platform that offers the most markets it has 17,000 instruments that its customers can trade, which compares to 12,000 markets available at City Index.
City Index offers a larger range of FX pairs with 84 markets compared to IG’s 51. However, IG also has the largest range of tradable commodities and equity indices.
Which trading platform offers the most platforms?
IG is the broker that offers the most trading platforms, with 5 dealings systems available to its clients. IG has a dedicated in house desktop trading platform, a so-called progressive web app, that can be opened and operated on any device, the Metaquotes MT4 platform, and a dedicated equity trading platform called L2 dealer.
City Index offers its own in-house trading platform in desktop and mobile variants as well as the Metaquotes MT4 software
Which trading platform offers the most different types of account?
IG is the trading platform offers the most different types of account it has dedicated CFD, FX and Spread Betting accounts but also offers share trading, investment accounts as well as prime brokerage and institutional services.
City Index offers an account for FX, for CFD trading, as well as a dedicated Spread Betting account, Clients can also trade on-exchange futures and options through City Index’s parent company the Stonex Group.
Which trading platform is a more established business?
IG is the more established business having been founded in 1974 it’s a quoted company listed on the LSE and a member of the FTSE 250 index.
City Index was founded in 1983 and has been through several changes of ownership, it is now part of the US listed Stonex Group.
Which trading platform has the lowest trading costs?
IG is the trading platform that has the lowest trading costs overall. However, City Index was cheaper in the 10 actively traded FX pairs that we sampled though IG was far cheaper in equity indices than City Index with an average spread of 2.28 index points compared to City index‘s 4.48 index points.
Which trading platform offers the most margin?
City Index is the trading platform that offers the most margin with leverage of up to 400:1 available to its professional clients compared to the maximum leverage, of 222:1, at IG Group.
Both brokers apply the FCA/ESMA margin restrictions to retail clients accounts these are the highest permissible levels of margin available to retail traders in the UK and Europe under current legislation
Which trading platform offers the lowest overnight financing rates?
IG offers the lowest overnight financing rates in those instruments where a direct comparison was possible, being cheaper in both FX and commodities. Though both companies charge exactly the same financing rates for UK and US equity positions, those charges are the appropriate LIBOR rate, +/- 2.50%.
Which trading platform offers the most added value?
IG is the broker that offers the most added value and it scores 6 out of 6 in this category compared to 5 out of 6 for City Index. The deciding factor is the client sentiment and positioning tools that IG offers to its customers something that City Index doesn’t currently provide.
However, both brokers offer a personal service to customers alongside educational resources, research and analysis, as well as news feeds and charting software.