IC Markets vs City Index, for 2024
IC Markets Rating
City Index Rating
Losses can exceed deposits
74% of retail investor accounts lose money when trading CFDs with this provider
IC Markets vs City Index Guide
Read our In-Depth IC Markets vs City Index Review - 2024 Update
Our IC Markets vs City Index review has been revised for 2024 from knowledgeable insiders boasting considerable financial experience across CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs City Index does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
City Index Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs City Index
Every trading platforms feature a few ups and downs, so any comprehensive review of IC Markets and City Index cannnot be regarded as thorough without embracing an objective perspective.
Examine IC Markets and City Index to understand how these platforms line up to one another before you choose to create an account. A comprehensive comparison helps to put things into perspective in order that you're informed about what you should anticipate.
So you are looking for a professional broker and are choosing between IC Markets or City Index. Who is better in 2024?
This IC Markets vs City Index comparison contains the most recent information so you can easily compare City Index against IC Markets.
If you're a new entrant in the world of trading and brokers, so many nuances will be perplexing for you. Getting into the world of trading demands expert analyzing skills and comprehensive understanding. You'll acquire adept at all of the concepts of brokerage since you keep trading. For starters, you need to choose the right agent who'll be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. IC Markets and City Index are two such platforms that will take you and your investment to great heights. It's crucial that you compare IC Markets vs City Index before you trust them with your money.
Our IC Markets vs City Index comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and City Index side by side.
Our entire IC Markets vs City Index Review covers all you will need to learn about trading with either IC Markets or City Index. A good agent can multiply your initial investments and give you positive profits. If you would like to earn profits, you should trade with a broker service that contrasts with your investment objectives.
There's absolutely no sure-fire way to guarantee profits; thus, you must carefully analyze your broker before you select them. It is a frequent misconception that all brokers are exactly the same, but that's not true. Wrong judgment, in the beginning, can set your investments in danger.
IC Markets and City Index are both brokers that have found their way successfully into the brokerage world. In this review, we've tried to collate some of the important aspects of both IC Markets and City Index. This review can help you to know whether either City Index or IC Markets is a good match for your investments or not. We have tried to breakdown all the qualities and charges for your convenience.
Benefits of IC Markets and City Index Compared
IC Markets has a minimum deposit of $200 while City Index has a $25 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and City Index compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
IC Markets allows you to trade around 232 financial instruments whilst City Index allows you to trade around 232 available.
The more financial instruments you can trade on the IC Markets and City Index platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of IC Markets or City Index.
IC Markets and City Index Contact Details
Being able to contact an online trading platform simply is a sign of a professional broker. IC Markets and City Index have the following contact details and social medias that you can use.
|+248 467 19 76
|+44 20 7107 7020
|Level 4, 50 Carrington Street, Sydney NSW 2000
|Devon House, 58 St Katharine's Way, St Katharine's & Wapping, London, Greater London E1W 1JP
|IC Markets Twitter Account
|City Index Twitter Account
|IC Markets Facebook Page
|City Index Facebook Page
|IC Markets Instagram Account
|City Index Instagram Account
|IC Markets LinkedIn Page
|City Index LinkedIn Page
|IC Markets YouTube Channel
|City Index YouTube Channel
|Find Out More
City Index and IC Markets Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing IC Markets and City Index will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of the apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
IC Markets vs City Index - Awards
IC Markets have won many industry awards over the time they have been running as an online trading platform. We show the most recognised awards for IC Markets here.
|At the time of writing this City Index review, and despite City Index’s impressive offering, the company has surprisingly not garnered any awards to date.
|Find Out More
IC Markets vs City Index - Frequently Asked Questions
IC Markets vs City Index - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
City Index was founded in 1983 and has its headquaters in UK.
What is the minimum deposit for City Index or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for City Index is $25.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both IC Markets and City Index are a good choice.
IC Markets vs City Index - Regulation And Licencing In More Detail
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
City Index is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS).
Both IC Markets and City Index have a strong collection of rules for ensuring fair trading on their platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their individual privacy policies, customer information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare IC Markets vs City Index Commission And Fees
IC Markets and City Index are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled much better. That is, an internet broker is not necessarily influenced by the amount of customers they have.
But this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are primarily 3 types of penalties for this purpose.
The first sort of fees to keep an eye out for are trading fees. Whenever you make a genuine trade, like buying a stock or an ETF, you're billed trading fees. In such instances, you are paying a spread, funding speed, or even a commission. The sorts of trading fees and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread denotes the difference between the buying and selling cost. Funding or overnight rates are those who are charged when you hold a leveraged position for more than a day.
Apart from trading charges, online agents also charge non-trading fees. These are determined by the actions you undertake on your account. They are billed for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither IC Markets or City Index charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for people who often trade, for example daily or weekly trading.
However, non-trading fees billed by IC Markets and City Index are relatively greater. As a result, you're billed more for non-trading activities in your trading accounts, such as withdrawal and deposits. These are not related to the sale and purchase of resources.
This IC Markets vs City Index review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And City Index
What Languages Do IC Markets And City Index Support?
Being able to chat completely with your trading broker is a key way of comparing brokers to find the best trading partner. Not only for support but to be sure you understand everything on their website and inside their app as it is a key factor to success when trading online.
Here you will find the languages that both IC Markets and City Index support.
How Many Clients Do IC Markets and City Index Have?
Both IC Markets and City Index are well established with their customer base. It is really important to work with a broker that is professional and one of the easiest ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many customers IC Markets and City Index are working with
|Clients / Users
|Find Out More
What Payment Methods Do IC Markets and City Index Accept?
IC Markets and City Index both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at IC Markets and City Index
What Can You Trade With IC Markets and City Index?
IC Markets offers 232 trading instruments and City Index offers 12,500.
Below you will find a full breakdown of what both IC Markets and City Index offer.
IC Markets Review
IC Markets vs City Index:
Table Of Contents
- Compare IC Markets vs City Index
- Benefits of IC Markets and City Index Compared
- City Index and IC Markets Mobile App Comparison
- IC Markets vs City Index - Awards
- IC Markets vs City Index - Frequently Asked Questions
- What is the minimum deposit for City Index or IC Markets
- IC Markets vs City Index - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And City Index
- What Languages Do IC Markets And City Index Support?
- How Many Clients Do IC Markets and City Index Have?
- What Payment Methods Do IC Markets and City Index Accept?
- What Can You Trade With IC Markets and City Index?