| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| City Index | $150 Minimum Deposit | MT4, Web Trader, Apps Trading Platforms | 6300+ Markets To Trade | City Index offers a wide range of trading tools and markets to trade About |
| IQ Option | $10 Minimum Deposit | Web Trader, Downloaded Platform, Apps Trading Platforms | 300+ Markets To Trade | IQ Option offers a user friendly platform with a low minimum trade size ($1) About |
City Index vs IQ Option Comparison
City Index offers MT4 and a user friendly Web Trader. IQ Option offers its user friendly trading platform, as a web trader and a downloaded platform. City Index can provide more markets to trade overall, though IQ Option, like City Index has a relatively wide range of markets to trade. IQ Option has a low minimum deposit. IQ Option also lets the broker trade with low minimum order sizes, down to $1.
Quick comparison
City Index has a range of platforms, a large number of market and no minimum deposit requirement. IQ Option has a user friendly platform, a relatively wide range of markets and a low minimum deposit and order size.
Minimum deposit and key account features
The minimum deposit for City Index is $150. The minimum deposit for IQ Option is $10.
- City Index provides SMART Signals (which analyses markets to look for trading opportunities), News & Analysis, Trading View analysis, Performance Analytics from Chasing Returns (to analyse trader's performance), an Economic Calendar and SMS Volatility Alerts.
- IQ Option has Market Analysis, News, a Forex Calendar, an Earnings Calendar and a Crypto Calendar on its trading platform. The minimum order size is $1.
Markets
- City Index offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks, Soft Commodities, ETFs, Options, Bonds, IPOs and Interest Rates, with 6300+ CFDs available.
- IQ Option offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks, Soft Commodities, ETFs and Options, with 300+ CFD available.
City Index has 80+ Forex pairs, IQ Option has 40+ Forex pairs.
| Broker | Trading Platforms | Description |
|---|---|---|
| IQ Option Broker | Web Trader & Apps Trading Platforms | IQ Option provides a user friendly platform with integrated fundamental (and technical) analysis tools and has a low minimum order size ($1) and deposit ($10) Description |
| City Index Broker | MT4, Web Trader Trading Platforms | City Index provides MT4 (allowing automated trading) and offers a wide range of markets to trade on its user friendly Web Trader Description |
Cryptocurrency CFDs
- City Index provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple (as a CFD or for spread betting).
- IQ Option offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Stellar, Dash, EOS, Ethereum Classic, QTUM, Zcash, TRON and OmiseGO.
Leverage
Maximum leverage for City Index is . Maximum leverage for IQ Option (CySEC regulated) is .
Online trading platforms
City Index provides MT4 and a Web Trader. IQ Option offers a web trader and a downloaded version of it. Both have apps for tablet and mobile.
Why City Index or IQ Option ?
Traders who want to trade on a user friendly platform may do so at either broker. Traders who want to trade a relatively wide range and large number of markets may do so at City Index. Traders who want to trade with a relatively small minimum order size and minimum deposit can do so at IQ Option. Traders who want to apply automated trading strategies can do so on MT4 at City Index.
Comparison summary
- Both offer CFD trading
- Each provides a user friendly platform
- City Index has more markets to trade
- City Index additionally provides MT4
- City Index allows automated trading
- IQ Option has a low minimum deposit ($10) and order size ($1)
