Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
---|---|---|---|---|
City Index | $150 Minimum Deposit | MT4, Web Trader Trading Platforms | 6300+ Markets To Trade | City Index provides a wide range of markets to trade on a user friendly Web Trader and offers MT4 About |
IronFX | $50 Minimum Deposit | MT4 Trading Platforms | 200+ Markets To Trade | IronFX is an MT4 broker with a wide range of account types including variable and fixed spreads and a Cent account and has social and copy trading About |
City Index and IronFX Comparison
City Index offers trading in a relatively wide range and large number of markets. IronFX offers less markets, but does provide a range of account types, including fixed spreads, variable spreads, STP/ECN and Premium.
Both brokers offer MT4. IronFX offers a web trader based on MT4. City Index provides its user friendly Web Trader with a wide range of markets to trade.
Quick comparison
City Index offers a wide range and relatively large number of markets on its user friendly Web Trader. IronFX provides MT4, as does City Index.
Account types and minimum deposit
The minimum deposit for City Index is $150. The minimum deposit for IronFX is $50.
- 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.
- IronFX offers a range of account types and services. These include a Standard account which has a minimum deposit of $50, 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. There is additionally a Cent account, which offers small trade sizes and has a minimum deposit of $50. Social and copy trading is provided via Myfxbook AutoTrade and TradeCopier. The minimum trade size is 0.01 lots except for the Premium and VIP accounts where it is 0.1 lots and the Cent account where it is 0.0001 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 accounts, 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 Manager, 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 offers Forex, Indices, Energy, Metals, Soft Commodities, Shares, Cryptocurrencies, Bonds, ETFs, Options, IPOs and Interest Rates, with 6300+ CFDs available.
- IronFX offers Forex, Indices, Energy, Metals, Soft Commodities, Shares and Cryptocurrencies, with 200+ CFDs available.
Broker | Trading Platforms | Description |
---|---|---|
IronFX Broker | MT4 Trading Platforms | IronFX provides a wide range of account types for MT4, including ECN and fixed and variable spreads Description |
City Index Broker | MT4, Web Trader Trading Platforms | City Index provides a wide range of markets to trade on its user friendly Web Trader, a wide range of trading tools and MT4 Description |
Cryptocurrency CFDs
- City Index offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash CFDs.
- IronFX offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Cardano, EOS, Dogecoin, Polkadot, Stellar, Uniswap, Iota, Ethereum Classic, Solana, Tron, OmiseGO, Internet Computer Protocol and IOST CFDs.
Spreads
City Index offers Forex spreads from 0.5 without a commission charge. IronFX provides Forex spreads from 0 with or without a commission charge.
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.
Online trading platforms
Both brokers offer MT4, desktop and apps. City Index additionally offers its user friendly Web Trader.
Another quick comparison
IronFX is an MT4 broker, while City Index offers MT4, and its user friendly Web Trader with many more markets (on MT4, they have a comparable number).
Why IronFX or City Index ?
Traders who want to trade on MT4 may do so at either broker. However IronFX focuses on this platform and provide a wide range of account types, including fixed spread, Premium, Cent and STP/ECN. Trader who want to trade from a wide range of market can consider City Index as it offer 6300+ CFD market on its user friendly Web Trader (with 1000s on Stocks CFDs). Those who want to social and copy trade can do this at IronFX.
Comparison summary
- Both provide CFD trading
- Each offers MT4
- City Index additionally provides its Web Trader
- City Index has considerably more markets to trade
- IronFX provides social and copy trading platforms