IC Markets Vs. City Index - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 76.27% of retail CFD accounts lose money.	Visit 69% of retail CFD accounts lose money.
Overview
IC Markets is an Australian broker with a global presence specialising in Forex trading. One of their greatest advantages is providing RAW spread accounts with interbank pricing.	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.
Best For
Professional traders looking for Interbank rates High volume traders that will save great amounts of costs with their low spreads and commissions	Intermediate and experienced traders looking for a great asset variety on CFDs Experienced traders looking to trade options over 17 asset classes Share and ETF traders looking for a comprehensive offering
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 1 Other Licenses 2 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 4 Other Licenses 0 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
ASIC (Australia) CySec (Cyprus) FSA (Seychelles)	FCA (UK) ASIC (Australia) MAS (Singapore) ADGM (United Arab Emirates)
The Good
Customisable leverage per asset before opening trades Interbank rates and low commissions Great platform variety	All assets are CFDs, there is no possibility to buy real stocks or ETFs Cryptocurrency offering is below most of its competitors (only 5) While easy to execute a trade, platform is difficult for a novice to navigate
The Bad
Avaliable assets are limited (Also No ETFs) No ability to purchase real stocks or cryptocurrencies, only CFDs	All assets are CFDs, there is no possibility to buy real stocks or ETFs Cryptocurrency offering is below most of its competitors (only 5) While easy to execute a trade, platform is difficult for a novice to navigate
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 day	1 day
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2007	1983
💳 Minimum Deposit Range
$200	$100
💰 Payment Methods
Visa Mastercard Bank Transfer Bitcoin Sofort Paypal Neteller Skrill	Visa Mastercard Maestro Electron PayPal Bank Transfer
💵 Account Base Currencies
10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD.	8 - GBP, USD, EUR, AUD, JPY, PLN, HUF, CHF.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, IL.	US, CA, SY, IR.
📊 STP Account
Yes	No
📊 DMA Account
No	No
📊 ECN Account
Yes	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
1,737	5,412
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
1,600	4,500
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
61	84
📗 Commodities
0	0
📗 Commodities CFDs
22	30
📕 Indices
0	0
📕 Indices CFDs
25	25
📔 ETFs
0	0
📔 ETFs CFDs
0	740
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
18	5
📒 Bonds
0	0
📒 Bonds CFDs
11	11
📓 Options
0	0
📓 Options CFDs
0	17
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable	Variable - Fractions Allowed
📉 Minimum ETFs Trade Size
Unavailable	Variable - Fractions Allowed
📈 Minimum Crypto Trade Size
Varies by Cryptocurrency (Eg: 0.01 BTC)	Variable (eg: 0.01 BTC, 1 LTC)
📉 Minimum FX Trade Size
$1,000 - 0.01 Lots	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 - 0.01 Lots	$1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable	1 Unit
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	1 Contract
💪 Retail Leverage
30	30
💪 Professional Leverage
500	500
✍ Customisable Leverage
Yes	No
🎲 Deleveraged Trading
No	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	No
📺 cTrader
Yes	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	Yes
💻 Proprietary Platform
No	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	No
👫 Social Trading
Yes	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	Yes
Fees
💰 Inactivity Fee
None	12£ monthly after 1 year of inactivity.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
No commissions in standard accounts but rather a 1 Pip spread markup on interbank prices received. For Raw spreads accounts, $7 per lot round turn.	Spread betting markets have no commission CFDs or FX trading has no commission as well (except equities: shares & ETFs) Equity commissions depend on the market’s location (eg: UK and Europe have a 0.08% of transaction value fee, US equities and Asian ones have different percentages as well) The minimum equity commission rates are $10, £10 or 10€.
Spreads
📈 EUR/USD
Dynamic - From 0 to 0.6 Pips	Dynamic - From 0.8 Pips
📉 SP500
Dynamic - From 20 to 45 Pips	Dynamic - From 60 Pips
📈 GOLD
Dynamic - From 30 Pips	From 50 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Dynamic - Market Spread
📈 XLK (ETF - CFD)
Unavailable	Dynamic - Market Spread
📉 BTC
Dynamic - From $8.7 to $42	Dynamic - From $120
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	Yes
📡 Reuters Feed
No	Yes
📡 Educational Content
Yes	No
📡 Live Chat Support
Yes	Yes
📡 Video Tutorials
No	No
📡 Account Management
No	No
📡 Webinars
No	No