City Index vs IC Markets
Side-by-side comparison of regulation, trading costs, platforms, and account types for City Index and IC Markets.
City IndexTrust 8.6/10
FCA
ASIC
Long-established UK broker (operating since 1983) now part of NYSE-listed StoneX Group. Mature proprietary AT Pro platform alongside MT4 and TradingView, with FCA and ASIC oversight.
IC MarketsTrust 9.3/10
ASIC
CySEC
FSA-Seychelles
One of the largest forex brokers globally. Famous for ultra-tight spreads, deep liquidity, and excellent execution. Top choice for high-volume and algorithmic traders.
Quick verdict
- Trust: IC Markets has the higher trust score.
- EUR/USD spread: IC Markets is tighter on EUR/USD.
Side-by-side comparison
| Feature | City Index | IC Markets |
|---|---|---|
| Trust score | 8.6 | 9.3 |
| Regulators | FCA, ASIC | ASIC, CySEC, FSA-Seychelles |
| Headquarters | United Kingdom | — |
| Founded | 1983 | — |
| Min deposit | $0.00 | $200 |
| Max leverage | 1:30 | 1:500 |
| EUR/USD spread | 0.50 pips | 0.10 pips |
| Commission per lot | $0.00 | $7 |
| Raw spread account | ||
| Standard account | ||
| Swap-free account | ||
| cTrader | ||
| MT4 | ||
| MT5 | ||
| TradingView | ||
| Scalping allowed | ||
| EAs / algo allowed | ||
| Hedging allowed | ||
| Copy trading | ||
| Deposit methods | Bank Wire, Credit/Debit Card, PayPal | — |
| Withdrawal methods | Bank Wire, Credit/Debit Card, PayPal | — |
| Withdrawal speed | 24h | — |
| Base currencies | USD, EUR, GBP, AUD | — |
City Index is best for
Day traders
Swing traders
Stock CFD traders
IC Markets is best for
Algo traders
Scalpers
High-volume traders
cTrader users