City Index
Ingot Brokers
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
City Index was founded in 1983 and is headquartered in UK, while Ingot Brokers was established in 2004 and is based in Australia. City Index holds licences including Financial Conduct Authority (FCA), while Ingot Brokers is regulated by Australian Securities and Investment Commission (ASIC) among others. City Index serves 14,000+ clients worldwide; Ingot Brokers has 10,000+. The minimum deposit is $25 at City Index and $1000 at Ingot Brokers.
| Feature | City Index | Ingot Brokers |
|---|---|---|
| Min. Deposit | $25 | $1000 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) | Australian Securities and Investment Commission (ASIC) |
| Founded | 1983 | 2004 |
| Country | UK | Australia |
| Clients | 14,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between City Index and Ingot Brokers, directly affecting your bottom line as a trader. Ingot Brokers has a lower barrier to entry with a minimum deposit of $1000 (vs $25 at City Index). City Index charges withdrawal fees while Ingot Brokers does not, a notable advantage for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. City Index charges deposit fees; Ingot Brokers does not. Overall, City Index scores higher on fees in our assessment.
| Feature | City Index | Ingot Brokers |
|---|---|---|
| Min. Deposit | $25 | $1000 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | Yes |
Platforms
City Index offers MT4, MT5, cTrader, while Ingot Brokers supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. City Index supports social and copy trading features, which Ingot Brokers does not offer. The two brokers are closely matched on platform offering.
| Feature | City Index | Ingot Brokers |
|---|---|---|
| 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, 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 Ingot Brokers compare. Ingot Brokers has a video library; City Index does not. Ingot Brokers integrates third-party research tools (Autochartist); City Index does not. Ingot Brokers scores higher overall in education and research.
| Feature | City Index | Ingot Brokers |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | Yes |
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 Ingot Brokers supports 2 (bank transfer, credit/debit card). City Index uniquely supports PayPal among the two brokers. City Index scores higher on deposit and withdrawal flexibility.
| Feature | City Index | Ingot Brokers |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| 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 Ingot Brokers offer live chat support. Both provide phone support. Email support is available at both brokers. City Index supports 6 languages and Ingot Brokers supports 2, giving City Index broader global reach. Both brokers are comparable on support quality.
| Feature | City Index | Ingot Brokers |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, German, Arabic, Polish, and Chinese | English, and Chinese |