IC Markets vs CityIndex
| IC Markets Review 2023 | CityIndex Review 2023 |
|---|---|
4.8
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4.4
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 Traders from US not accepted
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Traders from US not accepted
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IC Markets is a respected multi-asset broker offering premium trading technology, highly competitive pricing and 24/7 customer support. The broker provides various social trading features for beginners whilst experienced traders can enjoy advanced charting and analysis tools. Over 180,000 clients from more than 200 countries have signed up with the heavily regulated and trustworthy brand. |
City Index is an established and award-winning forex, CFD and spread betting broker with top-tier global regulation, including in the UK (FCA) and Australia (ASIC). With 30+ years in the industry, 13,500+ instruments and 24/5 customer support, City Index is a solid pick for aspiring traders. |
| Comment by Reviewer | |
| "IC Markets offers a top-class environment for traders of all experience levels and strategies. Industry-leading platforms, superior pricing and flexible accounts will meet the needs of both beginners and active day traders." | "City Index is best for new and intermediate traders looking for a wide selection of assets on user-friendly platforms." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | Stocks, Spreadbetting, Options, CFD, Forex, Crypto |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $200 | $0 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| ASIC, CySEC, FSA | ASIC, FCA, MAS |
| Margin Trading | |
| Yes | No |
| Margin Rate | |
| 2.5% | |
| STP Account | |
| No | Yes |
| ECN Account | |
| No | No |
| DMA Account | |
| Yes | Yes |
| MAM Account | |
| Yes | No |
| PAMM Account | |
| Yes | No |
| LAMM Account | |
| Yes | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Mobile Apps | |
| iOS, Android & Windows | Yes |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| Yes | No |
| Copy Trading Platform | |
| The IC Social app is easy-to-use and allows traders to learn, share and mirror positions in a few clicks. The app also hosts risk management tools and facilitates direct messaging and dedicated trading groups. Alternatively, IC Markets provides access to popular third-party copy trading tools - ZuluTrade and Myfxbook. | |
| Social Trading | |
| No | No |
| Trade Signals | |
| Yes (Via Robot Feature) | Smart Signals |
| VPS Hosting | |
| Yes | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | Yes |
| Inactivity Fee | |
| $0 | |
| Islamic Account | |
| Yes | No |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| Trade CFDs 24/5 on popular markets including forex, commodities, indices, stocks and bonds. IC Markets offers deep liquidity, raw spreads and high leverage. | Trade 5,000+ CFDs from a single account with no hidden fees and free live market data. The suite of markets is impressive vs alternatives, including access to shares, indices, commodities and bonds. |
| Leverage | |
| 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) | 1:30 (Retail), 1:50 (Accredited Investor), 1:200 (Sophisticated Investor), 1:300 (Wholesale Investor), 1:400 (Professional Trader). Varies with jurisdiction. |
| FTSE Spread | |
| 1 | 1 pt |
| GBPUSD Spread | |
| 0.5 | 0.8 pips |
| Oil Spread | |
| 0.03 | 0.4 |
| Stocks Spread | |
| 0.02 | Variable |
| Forex Trading | |
| Trade currencies with 0.0 pip spreads at one of the world's leading forex brokers. IC Markets is a great choice for serious traders with superior execution and low fees. | Trade a wide selection of 80+ currency pairs with spreads from 0.5 pips and industry-favorite platforms. City Index has 40+ years experience in forex trading with liquidity from tier-one banks. |
| Forex App | |
IC Markets deliver mobile apps for both their cTrader and MT5 platforms. Both have been developed on android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. The speed of execution synonymous with IC Markets is retained across their apps. |
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| GBPUSD Spread | |
| 0.5 | 0.8 |
| EURUSD Spread | |
| 0.1 | 0.5 |
| EURGBP Spread | |
| 0.5 | 0.8 |
| Assets | |
| 55+ | 84 |
| Currency Indices | |
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| Cryptocurrency | |
| IC Markets offer a diverse range of cryptos, with super small spreads. They also offer many cryptocurrencies not available elsewhere, without the need of a virtual wallet. | Go long or short on popular digital currencies with ultra-tight spreads and fast order executions. Leverage also allows traders to magnify their purchasing power. |
| Spread | |
| BTC 0.4%, ETH 1% | BTC 0.5%, ETH 1% |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
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