Updated May 13 2022
Overview | |
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City Index is a global broker founded in 1983 that holds 4 financial licenses and offers advanced trading platforms, mobile apps, diverse market research tools and an extensive range of markets. |
IG is a global broker established in 1974 that holds 10 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account. |
Best For | |
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Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 4 Other Licenses 0 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 7 Other Licenses 1 Provided by |
🏛 Financial Regulators | |
The Good | |
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The Bad | |
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Status | |
Operational | Operational |
Recent News | |
N/A | N/A |
Key Data | |
⌛ Account Opening Time | |
1 Day | 1 Day |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
1983 | 1974 |
💳 Minimum Deposit | |
$, €, £ - 100 | 0 for Bank Transfers, 300 € for Paypal and Debit / Credit cards. |
💰 Payment Methods | |
💵 Account Base Currencies | |
8 - GBP, USD, EUR, AUD, JPY, PLN, HUF, CHF. | 6 - AUD, EUR, GBP, HKD, SGD, USD. |
🗽 Available to U.S Citizens | |
No | Yes (excluding CFDs) |
❌ Restricted Countries | |
US, CA, SY, IR. | SY, IR. |
📊 STP Account | |
No | No |
📊 DMA Account | |
No | Yes |
📊 ECN Account | |
No | Yes | Assets |
📚 Available Assets | |
📙 Stocks | |
4,500+ | 10,000+ CFDs / Offering from 8 exchanges worldwide for real stocks |
📘 Currency Pairs | |
84 | 210 |
📗 Commodities | |
30 | 37 |
📕 Indices | |
25 | 76 |
📔 ETFs | |
740 | 2,000 + both CFDs and real ETFs |
💸 Cryptocurrencies | |
5 | 15 |
📒 Bonds | |
11 | 19 |
📓 Options | |
Yes, option chains over 17 different products | Availability only for select countries. |
📗 Futures | |
N/A | Several contracts in commodities and indices with various expiration dates. |
📝 Notes: | |
City index offers both CFDs and spread betting.< |
IG provides both CFD trading and real equity. US traders cannot trade CFDs. |
Trading Experience |
📈 Minimum Stock Trade Size | |
Varies per share starting from fractional share trading (eg: 0.1 shares) | 1 Share |
📉 Minimum ETFs Trade Size | |
Varies per ETFs starting from fractional ETFs trading (eg: 0.1 ETFs) | 1 ETF |
📈 Minimum Crypto Trade Size | |
Varies per cryptocurrency - (eg: 0.01 BTC, 1 LTC) | 0.01 Contracts (IG Provides a standard contract containing a particular quantity of an asset, for example, ADA’s contract has 100 ADA coins) |
📉 Minimum FX Trade Size | |
$1,000 (0.01 Lots) | 1 Contract (IG Provides a standard contract containing a particular quantity of an asset, for example, 1 EUR / USD standard contract has 10,000 units) |
📈 Minimum Commodities Trade Size | |
Varies per commodity | 1 Contract |
📉 Minimum Bonds Trade Size | |
Varies per bond | 1 Contract |
📈 Minimum Futures Trade Size | |
N/A | 1 Contract |
📉 Minimum Options Trade Size | |
Varies per option | Varies per option (usually 1 contract) |
💪 Retail Leverage | |
Up to 1:30 | Up to 1:30 |
💪 Professional Leverage | |
Up to 1:500 | Up to 1:500 |
✍ Customisable Leverage | |
No | No |
🎲 Deleveraged Trading | |
No | No |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
Yes | Yes |
📺 MetaTrader 5 | |
No | No |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
Yes | No |
💻 Proprietary Platform | |
Yes | Yes |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
No | No |
👫 Social Trading | |
No | No |
🔑 Guaranteed Stop-loss | |
No | Yes |
🔨 Trailing Stop-loss | |
Yes | Yes | Fees |
💰 Inactivity Fee | |
Yes, 12£ monthly after 1 year of inactivity |
After 24 months of inactivity, IG charges an $18 monthly fee. |
💰 Deposit Fees | |
No | No |
💰 Withdrawal Fees | |
No | No |
💰 Commissions | |
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Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out. |
Spreads |
📈 EUR/USD | |
Dynamic - From 0.8 Pips | Dynamic - From 0.9 Pips |
📉 SP500 | |
Dynamic - From 60 Pips | Dynamic - From 150 Pips |
📈 GOLD | |
From 50 Pips | Dynamic - From 50 Pips |
📉 TSLA (Stock CFD) | |
Dynamic - Market Spread | Dynamic - From $1.03 |
📈 XLK (ETF - CFD) | |
Dynamic - Market Spread | Dynamic - From 0 Pips |
📉 BTC | |
Dynamic - From $120 | Dynamic - From $140 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
Yes | Yes |
📡 Reuters Feed | |
Yes | Yes |