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.

ig review
Visit IG
73% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
IG Reviews
IG Total Markets
17000
Forex Pairs51
Commodities38
Indices34
UK Stocks3925
US Stocks6352
ETFs2000
IG Key Info
Number Active Clients313000
Minimum Deposit250
Inactivity Fee£12 per month
Founded1974
Public Company✔️
IG Account Types
CFD Trading✔️
Forex Trading✔️
Spread Betting✔️
DMA (Direct Market Access)✔️
Futures Trading
Options Trading
Investing Account✔️
IG Average Fees
FTSE 1001
DAX 301.2
DJIA2.4
NASDAQ1
S&P 5000.4
EURUSD0.6
GBPUSD0.9
USDJPY0.7
Gold0.3
Crude Oil0.28
UK Stocks0.001
US Stocks0.001
IG Alternatives
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
Table last updated: 17th November 2021 3:55 pm


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
12000
Forex Pairs84
Commodities25
Indices21
UK Stocks3500
US Stocks1000
ETFs
City Index Key Info
Number Active Clients126000
Minimum Deposit100
Inactivity Fee£12 per month
Founded1983
Public Company✔️
City Index Account Types
CFD Trading✔️
Forex Trading✔️
Spread Betting✔️
DMA (Direct Market Access)
Futures Trading
Options Trading
Investing Account
City Index Average Fees
FTSE 1001
DAX 301.2
DJIA3.5
NASDAQ1
S&P 5000.4
EURUSD0.5
GBPUSD0.9
USDJPY0.6
Gold0.8
Crude Oil0.3
UK Stocks0.008
US Stocks$0.018 per share
Compare AlternativesCity 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.

Find out why customer reviews are important

 

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.

Find out why market access is important

 

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

Find out why trading platforms are important

 

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.

Find out why account types are important

 

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.

Find out why a trading platforms history is important

 

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.

Find out why trading costs are important

 

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

Find out why leverage and margin are important

 

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%.

Find out why overnight financing rates are important

 

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.

Find out why added value is important

Scroll to Top