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Compare City Index vs IG


Online brokers compared for fees, trading platforms, safety and more. See how City Index stacks up against IG!

City Index vs IG
overall rating
4.4 / 5.0
4.5 / 5.0
overall pros
  • Low forex fees
  • Diverse and high-quality research tools
  • Great customer support
  • Easy-to-use web trading platform
  • Helpful and reliable customer service
  • Great deposit and withdrawal tools
overall cons
  • High stock CFD fees
  • Limited product portfolio
  • Not user-friendly desktop platform
  • High trading fees
  • Limited product portfolio
  • Limited research tools
fees
3 stars
  • No withdrawal fee
  • Low financing rate
  • Inactivity fee
2 stars
  • Low financing rate
  • Transparent fee structure
  • High trading fees
  • Inactivity fee
account opening
4 stars
  • Fully digital account opening
  • No minimum account balance
  • Slow account opening
4 stars
  • Fast account opening
  • Fully digital account opening
  • No minimum deposit for bank transfer
  • The sales team is quite pushy, prompting you regularly to fund your account
deposit and withdrawal
4 stars
  • Credit/Debit card deposit and withdrawal
  • Free withdrawal
  • No deposit fee
  • Missing electronic wallets
  • Base currencies cannot be selected
5 stars
  • Credit/Debit card deposit and withdrawal
  • Several account base currencies
  • User-friendly
  • Not transparent on available base currencies
web trading platform
4 stars
  • User-friendly
  • Clear fee report
  • Good search function
  • No two-step (safe) login
5 stars
  • User-friendly
  • Two-step (safe) login
  • Good search function
  • Good customizability (for charts, workspace)
mobile trading platform
4 stars
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safe) login
5 stars
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safe) login
desktop trading platform
3 stars
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Available in several languages
  • Not user-friendly
  • No two-step (safe) login
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markets and products
2 stars
  • Forex
  • CFD
  • Crypto
3 stars
  • Forex
  • Options
  • CFD
  • Crypto
  • Equities for UK clients
  • Robo-advisory type of service in the UK
research
5 stars
  • Good interactive chart
  • Good quality news flow
  • User-friendly
  • Recommendations only for forex
3 stars
  • Good interactive chart
  • Good quality news flow
  • User-friendly
  • No fundamental data available
  • No/limited set of analytic tools
customer service
5 stars
  • Fast response time
  • Relevant answers
  • Great telephone support
  • Bad chatbot
5 stars
  • Live chat
  • Fast response time
  • Relevant answers
education
5 stars
  • Trading platform tutorial videos
  • Educational videos
  • Easy to understand
5 stars
  • Demo account
  • Educational videos
  • Easy to understand
  • Regulated by top tier financial authority
  • High level of investor protection
  • Parent company listed on stock exchange
  • Listed on stock exchange
  • Financial information is publicly available
  • Regulated by top-tier regulators, like FCA
  • No negative balance protection
recommended for CFD and forex traders looking for low forex fees and great research tools Traders with any experience level aiming for a great and easy-to-use trading platform