IC Markets vs City Index, Updated for 2025

Compare IC Markets vs City Index

Each online trading platforms will have certain ups and downs, so any comprehensive IC Markets and City Index review would not be regarded as thorough without having a fair assessment.

Examine City Index and IC Markets in order to understand just how they compare with one another prior to you create an account. Performing a comparative analysis will bring aspects in perspective in order that you're cognizant of what you should anticipate.

So you are looking for an online trading platform and are choosing between IC Markets or City Index. Who is better in 2025?

This IC Markets vs City Index comparison contains the latest information so you can easily compare City Index against IC Markets.

If you're a new entrant in the world of trading and brokerages, so many facts will be confusing for you. Getting into the world of trading requires expert analyzing skills and thorough understanding. You'll get proficient at all of the concepts of brokerage as you keep trading. For starters, you have to choose the right broker who will be clear with you constantly.

In this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment program has the potential to create hefty returns. IC Markets and City Index are two such trading platforms that will take you and your investment to great heights. It is important that you compare IC Markets vs City Index until you trust them with your cash.

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 everything you need to learn about trading with either IC Markets or City Index. A good broker can multiply your initial investments and give you positive profits. If you want to earn profits, you must trade with a broker service that aligns with your investment goals.

There is no sure-fire way to ensure profits; therefore, you must carefully assess your agent before you choose them. It's a common misconception that all agents are exactly the same, but that's not true. Wrong judgment, in the beginning, can put your investments in danger.

IC Markets and City Index are both brokers that have paved their way successfully to the broker world. In this review, we've tried to collate a number of the important aspects of both IC Markets and City Index. This review can allow you to understand whether either City Index or IC Markets is a good match for your investments or not. We've tried to breakdown all of the features and fees 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 has around 232 on their platform.

The more instruments you can trade on the IC Markets and City Index trading 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 should 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 your broker simply is important. IC Markets and City Index have the following contact details and social medias that you can use.

City Index and IC Markets Mobile App Comparison

It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.

In this part of our comparison of IC Markets and City Index we'll check whether either of their mobile apps tick all the boxes.

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.

Search Functions

While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin 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 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 head office 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 honest trading onto their own platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).

As per their individual privacy regulations, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.

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 companies of online trading platforms are scaled much better. That is, an internet broker isn't necessarily affected by the number of clients they have.

However, this does not mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily 3 types of fees for this purpose.

The first sort of fees to look out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you're charged trading fees. In such cases, you are spending a spread, financing rate, or even a commission. The kinds of trading fees and the rates vary from broker to broker.

Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the difference between the buying and selling price. Funding or overnight rates are people who are billed when you maintain a leveraged position for longer than daily.

Apart from trading fees, online brokers also bill non-trading fees. These are dependent on the activities you undertake in your account. They are billed for operations like depositing money, not investing for lengthy periods, or withdrawals.

Generally, neither IC Markets or City Index charge high fees in comparison to other online agents. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for people who often trade, such as daily or weekly trading.

But, non-trading fees billed by IC Markets and City Index are relatively competitive. Consequently, you are billed more for non-trading actions in your trading accounts, like withdrawal and deposits. These aren't about the sale and purchase of assets.

This IC Markets vs City Index review for 2025 breaks down each of the relevant non-trading fees 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 communicate completely with your trading broker is a key way of comparing trading platforms to find the best broker. Not only for support but to be sure you completely understand everything on their website and inside their app as it is a key factor to success when trading forex.

Below 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 known and trusted. It is important to work with a broker that is reputable and one of the most simple ways of understanding this is by knowing how many clients are using their services.

Below you will find details of how many users IC Markets and City Index are active on their platform

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.