Compare City Index vs IronFX - Online Brokerage Comparison

Compare City Index vs IronFX

City Index vs IronFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneMT4, AT Pro, Advantage Web, Web Trader12,000+FCA, ASIC, MAS
$100MT4200+FCA, ASIC, CySEC, FSCA

City Index and IronFX Comparison

City Index offers CFD trading and spread betting for a relatively wide range and large number of markets. IronFX offers less markets, but does provide a range of account types, covering both STP/ECN and other trading.

Both brokers offer MT4 (IronFX has more markets on this platform than City Index). City Index additionally provides AT Pro. IronFX offers a web trader based on MT4. City Index provides two web trading platforms.

Both brokers are regulated by the FCA in the United Kingdom and the ASIC in Australia. City Index is also regulated by the MAS in Singapore. IronFX is also regulated by the CySEC in Cyprus and the FSCA in South Africa.

Quick comparison

City Index offers a wide range and relatively large number of markets on three of its platforms, Advantage Web, Web Trader and AT Pro. IronFX provides MT4, as does City Index. City Index MT4 vs IronFX MT4, IronFX has somewhat more markets. Both provide support for discretionary and automated trading, though City Index offers AT Pro, which allows strategies to be built and IronFX has STP/ECN accounts.

Account types and minimum deposit

City Index does not have a minimum deposit. The minimum deposit for IronFX is $100 (STP/ECN minimum deposit is $500).

  • City Index offers CFD trading and spread betting. City Index provides a news feed, market reports and a Trading Academy.
  • IronFX offers a range of account types and services. These include a Micro account which has a minimum deposit of $100, a Premium account with a minimum deposit of $2,500 and a VIP account with a minimum deposit of $20,000. These three account types are available with fixed or variable spreads and the spreads can be tighter on higher account types. The minimum trade size is 0.01 lots except for the Premium and VIP accounts where it is 0.1 lots.
  • IronFX also offers a Zero Fixed Spread account. This provides zero spreads for some markets, with commissions charged. As well, IronFX offers STP/ECN accounts with or without commissions. It also has an STP/ECN Absolute Zero account, with spreads from zero, with no commission charge. For the Zero Fixed Spread account and the STP/ECN account, the minimum deposit is $500. The minimum deposit for the Absolute Zero account is upon request to the account manager.
  • All IronFX accounts offer a dedicated account manger, technical analysis reports, investor education tools and private one-on-one trading guidance. The Premium, VIP, STP/ECN No Commission and STP/ECN Zero Spread accounts also offer a dealing department transaction hotline.

Markets

  • City Index on Web Trader, Advantage Web and AT Pro offers Forex, Indices, Energy, Metals, Soft Commodities, Shares, Cryptocurrencies, Bonds, ETFs, Options, 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 offers Forex, Indices, Energy, Metals and Soft Commodities, with 110+ available.
  • On MT4, IronFX offers Forex, Indices, Energy, Metals, Soft Commodities, Shares and Cryptocurrencies, with 200+ available.

IronFX has more Currency Pairs available, with 120+ available versus 80+ for City Index (on MT4).

Cryptocurrency CFDs

  • City Index offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash (as CFDs or for spread betting).
  • IronFX offers Bitcoin, Ethereum, Litecoin, Ripple and ADA.

Leverage and spreads

City Index (FCA regulated) maximum leverage is . IronFX (FCA and CySEC regulated) maximum leverage is .

  • Spreads at City Index are variable and are from 0.5 for EUR/USD, 1 for UK100, 0.3 for Gold and 0.04 for US Oil.
  • IronFX's Micro account has a EUR/USD variable spread from 1.1 and a fixed spread from 2.2. The Premium account has a EUR/USD variable spread from 0.7 and a fixed spread from 1.8. The VIP account has a variable EUR/USD spread from 0.5 and a fixed spread from 1.6.
  • IronFX's Live Zero Fixed spread account has an EUR/USD spread of 0 (plus a commission charge). The ECN No Commission account has a variable EUR/USD spread from 1.7 and the ECN account with a commission charge has an EUR/USD spread from 0. The ECN Absolute Zero account has EUR/USD spreads from 0, without a commission charge. Gold spreads are from 0.5, UK100 spreads are from 0.8 and US Crude Oil spreads are from 0.04.

Commission charge

  • City Index does not charge commissions, except for Shares CFDs.
  • IronFX's commission charges are from $6.75 per lot per side for Forex.

Platform

Both brokers offer MT4, desktop and apps. City Index additionally offers two web trading platforms and AT Pro. IronFX also offers a web trader based on MT4.

Another quick comparison

IronFX is an MT4 broker, while City Index offers MT4, and a Web Trader and AT Pro with many more markets (on MT4, they have a comparable number).

Why IronFX or City Index ?

IronFX is for MT4 traders, who wish to trade a range of markets and use different types of accounts, including Premium and STP/ECN. City Index is a broker which can offer on its web traders many more markets and AT Pro, but on MT4, it has a comparable number. As well as CFD trading, which both brokers offer, City Index also provides spread betting in the UK.

Comparison summary

  • Both brokers offer CFD trading
  • City Index also offers spread betting
  • City Index has a wider range of and greater number of markets, except when comparing MT4
  • Both offer a range of Cryptocurrency CFDs
  • IronFX has STP/ECN accounts, with low spreads plus a commission charge
  • Both brokers also offer accounts which do not charge commissions for Forex trading
  • Each provides MT4
  • IronFX has more markets on MT4
  • City Index also offers AT Pro, which enables the trader to use or build trading signals on the chart
  • IronFX has a web trader based on MT4
  • City Index offers two web traders
  • Both are FCA and ASIC regulated

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