City Index
IG
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Overview
City Index was founded in 1983 and is headquartered in UK, while IG was established in 1974 and is based in UK. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. City Index serves 14,000+ clients worldwide; IG has 178,500+. The minimum deposit is $25 at City Index and $200 at IG.
| Feature | City Index | IG |
|---|---|---|
| Min. Deposit | $25 | $200 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) |
| Founded | 1983 | 1974 |
| Country | UK | UK |
| Clients | 14,000+ | 178,500+ |
Fees
Fees are a critical factor when choosing between City Index and IG, directly affecting your bottom line as a trader. IG has a lower barrier to entry with a minimum deposit of $200 (vs $25 at City Index). City Index charges withdrawal fees while IG does not, a notable advantage for frequent withdrawers. City Index applies inactivity fees on dormant accounts; IG does not. City Index charges deposit fees; IG does not. The two brokers are broadly comparable on fee structure.
| Feature | City Index | IG |
|---|---|---|
| Min. Deposit | $25 | $200 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
City Index offers MT4, MT5, cTrader, while IG supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | City Index | IG |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how City Index and IG compare. IG runs regular live webinars; City Index does not. IG has a video library; City Index does not. IG publishes daily market commentary; City Index does not. IG integrates third-party research tools (Trading Central); City Index does not. IG maintains an archive of past webinars for on-demand viewing. IG scores higher overall in education and research.
| Feature | City Index | IG |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. City Index accepts 3 of the tracked payment methods (bank transfer, credit/debit card, PayPal), while IG supports 3 (bank transfer, credit/debit card, PayPal). Both brokers support the same set of payment methods.
| Feature | City Index | IG |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both City Index and IG offer live chat support. Both provide phone support. Email support is available at both brokers. City Index supports 6 languages and IG supports 5, giving City Index broader global reach. Both brokers are comparable on support quality.
| Feature | City Index | IG |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, German, Arabic, Polish, and Chinese | English, French, German, Spanish, and Portuguese |