City Index vs Interactive Brokers
Side-by-side comparison of regulation, trading costs, platforms, and account types for City Index and Interactive Brokers.
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.
Interactive BrokersTrust 8.9/10
CFTC-NFA
FCA
ASIC
MAS
Nasdaq-listed institutional-grade broker with the broadest market access of any retail-accessible broker — 150+ markets across 33 countries. Trader Workstation is the industry yardstick for power users.
Quick verdict
- Trust: Interactive Brokers has the higher trust score.
- EUR/USD spread: Interactive Brokers is tighter on EUR/USD.
Side-by-side comparison
| Feature | City Index | Interactive Brokers |
|---|---|---|
| Trust score | 8.6 | 8.9 |
| Regulators | FCA, ASIC | CFTC-NFA, FCA, ASIC, MAS, IIROC, FMA-NZ, CySEC |
| Headquarters | United Kingdom | United States |
| Founded | 1983 | 1978 |
| Min deposit | $0.00 | $0.00 |
| Max leverage | 1:30 | 1:50 |
| EUR/USD spread | 0.50 pips | 0.20 pips |
| Commission per lot | $0.00 | $4 |
| 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 | Bank Wire, ACH |
| Withdrawal methods | Bank Wire, Credit/Debit Card, PayPal | Bank Wire, ACH |
| Withdrawal speed | 24h | 48h |
| Base currencies | USD, EUR, GBP, AUD | USD, EUR, GBP, AUD, NZD, JPY, CAD, CHF, HKD, SGD |
City Index is best for
Day traders
Swing traders
Stock CFD traders
Interactive Brokers is best for
High-volume traders
Algo traders
Stock CFD traders