City Index vs IQ Option - Online Brokerage Comparison

City Index vs IQ Option | Trading Brokers Comparison

City Index vs IQ Option Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
NoneMT4, Web Trader, Advantage Web & Apps, AT Pro12,000+
$10Web Trader, Downloaded Platform, Apps300+

City Index vs IQ Option Comparison

City Index offers a range of online trading platforms, covering MT4, two web traders (including a user friendly one) and a downloaded platform for advanced traders (AT Pro). 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. Both offer CFD trading, but in the UK City Index can also provide spread betting. City Index does not have a minimum deposit requirement and IQ Option has a low minimum deposit. IQ Option does however let 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

There is no minimum deposit for City Index. The minimum deposit for IQ Option is $10.

  • City Index offers CFD trading and spread betting. City Index provides a news feed, market reports and a Trading Academy.
  • IQ Option has Analysis 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 12,000+ available. City Index Australia and City Index Singapore have less markets (5,000+), as they do not offer spread betting. On MT4, City Index has 100+ markets covering Forex, Indices, Energy, Metals and Soft Commodities.
  • IQ Option offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks, Soft Commodities, ETFs and Options, with 300+ available.

City Index has 80+ Forex pairs, IQ Option has 85+ Forex pairs.

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, DASH, EOS, Ethereum Classic, QTUM, Zcash, TRON and OmiseGO.

Leverage

Maximum leverage for City Index (FCA regulated) is . Maximum leverage for IQ Option (CySEC regulated) is .

Platforms

City Index provides MT4, a Web Trader, Advantage Web and AT Pro. 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 ?

For traders who wish to access a wide range of choice, then City Index arguably provides this, from different trading platforms, to markets to trade. For traders who want to have a wider range of markets, though considerably less in total, on a user friendly platform, then IQ Option offers this. City Index's Web Trader is also a particularly approachable trading platform. While City Index has no minimum deposit and IQ Option has a low minimum deposit, IQ Option also provides a low minimum order size thus making it feasible to trade with smaller account sizes.

Comparison summary

  • Both offer CFD trading
  • In the UK City Index also offers spread betting
  • City Index has considerably more markets to trade
  • IQ Option also has a relatively wide range of markets
  • City Index has a range of trading platforms including MT4
  • IQ Option offers its platform, developed to provide a user friendly interface
  • IQ Option has a low minimum deposit and order size
  • City Index has no minimum deposit requirement

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