IC Markets Vs City Index

How IC Markets and City Index Compare in 2024

IC Markets or City Index who is better?

Compare IC MARKETS Versus CITY INDEX and Roboforex broker accounts.


Compare IC Markets Vs City Index Side by Side

So you are looking for a broker, IC Markets or City Index who should you choose?

When trading on financial markets you will want to know all about who IC Markets or City Index are, and how they compare. You will naturally want to know how long IC Markets and City Index have been in business and what reputation IC Markets and City Index have. On top of this, you will need to discover if IC Markets and City Index match your trading needs.

Having a reputable and dependable broker is crucial to your trading. The reason for this is quite a simple one You need to be sure in the knowledge that your money is in a segregated bank account with a financially regulated broker. Let us see how IC Markets and City Index compare.

Well in our side by side comparison we make it easier for you to see what is right for you. As with anything the final decision on which broker to trade with should ultimately be based on what and how you going to trade.

Our comparison will help you judge the effectiveness, price, ease of use and support trustworthiness of IC Markets and City Index side by side.

If you're itching to start trading, we can assist you in making a well-informed decision when comparing IC Markets and City Index. By comprehensively comparing IC Markets and City Index features and services, you can choose a trading platform that best suits your needs and preferences. We aim to equip you with the knowledge to make an educated decision and feel confident in your trading journey with IC Markets, City Index or an alternative broker.

Our Comparebrokers.co team has painstakingly spent months assessing different brokers accounts. We collected over 1200 data points on IC Markets and City Index. To simplify things, we analyzed everything for you and provide the main points in relevant blocks on this page.

Regulation alongside currency availability is important when deciding upon a broker. It is very important when selecting a broker like the IC Markets platform or City Index that they are regulated. To finish off our comparison, let's look at the popular tools and features traders prefer side by side.


IC Markets

(4/5)
Benefits of IC Markets?
  • Established in 2007
  • IC Markets have been in business for 17 years.
  • Head quarters in Australia.
  • Live Chat
  • Segregates clients funds
  • IC Markets Min deposit $200
IC Markets screenshot IC Markets sign up here
Losses can exceed deposits
Reputation Support
Good
Good

IC Markets Regulation

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).

Excluded Countries

US, IR, CA, NZ, JP

IC Markets Fees

Deposit fee Varies
Commission Yes
Inactivity fee No
Withdrawal fee No
Min trade 0.01 Lot
Max trade None
Min deposit $200
View all spreads
& fees here
Losses can exceed deposits

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies
See all IC Markets
funding options here
Losses can exceed deposits

IC Markets Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

IC Markets Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

IC Markets Languages

English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more

See IC Markets
features here
Losses can exceed deposits

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See IC Markets
instruments here
Losses can exceed deposits

IC Markets Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the IC Markets website. Our records were last updated on .

Visit IC Markets today
Losses can exceed deposits

City Index

(3/5)
Benefits of City Index?
  • Established in 1983
  • City Index have been in business for 41 years.
  • Head quarters in UK.
  • Live Chat
  • Segregates clients funds
  • City Index Min deposit $25
City Index screenshot City Index sign up here
73% of retail investor accounts lose money when trading CFDs with this provider
Reputation Support
Good
Great

City Index Regulation

City Index is regulated by the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS).

Excluded Countries

US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW

City Index Fees

Deposit fee Varies
Commission 0.0015
Inactivity fee Yes
Withdrawal fee Varies
Min trade 1 Lot
Max trade Varies
Min deposit $25
View all spreads
& fees here
73% of retail investor accounts lose money when trading CFDs with this provider

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
2-3 business days

Withdrawal processing time
2-3 business days
See all City Index
funding options here
73% of retail investor accounts lose money when trading CFDs with this provider

City Index Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

City Index Platforms

MT4, Web Trader, Tablet & Mobile apps

City Index Languages

English, Spanish, German, Arabic, Polish, and Chinese

See City Index
features here
73% of retail investor accounts lose money when trading CFDs with this provider

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See City Index
instruments here
73% of retail investor accounts lose money when trading CFDs with this provider

City Index Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the City Index website. Our records were last updated on .

Visit City Index today
73% of retail investor accounts lose money when trading CFDs with this provider

Roboforex

(4/5)
Benefits of Roboforex?
  • Established in 2009
  • Roboforex have been in business for 15 years.
  • Head quarters in Belize.
  • Live Chat
  • Segregates clients funds
  • Roboforex Min deposit $10
Roboforex screenshot Roboforex sign up here
Losses can exceed deposits
Reputation Support
Good
Good

Roboforex Regulation

Roboforex is regulated by the RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund.

Excluded Countries

AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH

Roboforex Fees

Deposit fee No
Commission No
Inactivity fee No
Withdrawal fee Yes
Min trade 0.01 Lot
Max trade 100 Lot
Min deposit $10
View all spreads
& fees here
Losses can exceed deposits

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies
See all Roboforex
funding options here
Losses can exceed deposits

Roboforex Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

Roboforex Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Roboforex Languages

English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian

See Roboforex
features here
Losses can exceed deposits

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See Roboforex
instruments here
Losses can exceed deposits

Roboforex Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the Roboforex website. Our records were last updated on .

Visit Roboforex today
Losses can exceed deposits

IC Markets Vs City Index Table of Contents

IC Markets and City Index in Detail

IC Markets Review Screenshot

The IC Markets online trading platform gives traders from all over the world access to over 2,250 financial instruments including over 12,500 available instruments. There are over 180,000+ registered customers that have taken advantage of the IC Markets platform.

IC Markets are regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).

IC Markets Review Screenshot

City Index is a renowned UK financial trading brokerage established in 1983.

City Index serves customers globally and are regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS). Depending on the country you are trading from IC Markets may serve you from a different business entity to comply with its financial regulators.

City Index is not listed on any stock market, does not disclose its yearly report on its website. This is not terribly unusual for a broker, but you will want to check all of this out before you continue. Financial regulation is the most important thing to consider. IC Markets is not listed as a PLC.

City Index is a popular well known financial trading platform serving over 14,000 customers.

Benefits of IC Markets and City Index Compared

Below, we will give you a summary of the benefits IC Markets and City Index offer side by side.

IC Markets offers a minimum deposit of 200 while City Index have a 25 minimum deposit.

Why smaller trading deposits are good and how IC Markets and City Index compare

One primary and self-evident factor to remember is that you must only deposit an amount that fits your financial capacity with either IC Markets or City Index. If you have limited financial resources, the broker with the most affordable deposit option will be more appealing. IC Markets requires a minimum deposit of 200, whereas City Index mandates a minimum deposit of 25. One additional factor to consider while venturing into more precarious yet potentially lucrative financial instruments is to limit your speculation to a modest proportion of your designated trading funds. It's advisable not to be deterred by a broker's higher minimum deposit, whether it's IC Markets or City Index, and instead focus on the comprehensive trading features offered by their platform. Frequently, a higher minimum deposit provides access to a wider range of financial assets and research tools on the trading platform.

IC Markets allows traders to trade up to 2,250 financial instruments while City Index have around 12,500 on their trading platform.

The more instruments available on IC Markets and City Index trading platforms the more potential financial instruments you can buy or sell for your portfolio. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of IC Markets or City Index.

The IC Markets trading platform has 2,100 stocks listed while City Index has 4,500 stocks listed.

IC Markets allows retail traders to trade the following assets Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies on the IC Markets MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android trading platforms.

Alternatively City Index allows retail traders to trade Forex, CFDs, Spread Betting on the City Index MT4, Web Trader, Tablet & Mobile apps trading platforms.

Compare IC Markets and City Index in more detail below.

Drawbacks of IC Markets and City Index Compared

Below we compare what drawbacks IC Markets and City Index have side by side.

Various potential downsides can be associated with certain brokers, including IC Markets and City Index. One primary drawback is the potential restrictions that may be imposed. Generally, the more diverse investment options available, the more favourable the situation. Another critical aspect to consider is the trading fees and commissions charged by IC Markets compared to City Index. High trading fees and commissions can significantly impact potential profits. Additionally, essential factors to consider are the quality of trading research tools, educational resources, and the overall user-friendliness of IC Markets versus City Index.

Broker IC Markets City Index Roboforex
Inactivity Fees No Yes No
Withdrawl Fees No Varies Yes
Withdrawal Processing Time Varies 2-3 business days Varies
Min Deposit 200 25 10
Social Trading Yes No No
Excluded Countries US, IR, CA, NZ, JP US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH

IC Markets Vs City Index Available Financial Markets

The saying 'Variety is the spice of life' holds for financial markets. It is always advisable to have a diversified investment portfolio whether trading with IC Markets or City Index. A diversified portfolio with IC Markets or City Index can safeguard your investments from significant downturns in any particular market. For instance, when one stock rises, others may follow suit.

Conversely, when the market takes a downturn, it can be disastrous for your investments. The most effective investment portfolios cover potential risks and encompass many businesses and stocks. When creating a diverse investment portfolio with brokers like IC Markets or City Index, it is recommended to have access to a variety of tradable assets, commodities, and securities on different trading platforms such as IC Markets and City Index.

Broker IC Markets City Index Roboforex
Instruments Available 2250 12500 100
Offers share dealing Yes No No
Number of Shares 2,100 4,500 0
Offers US Stocks Yes Yes Yes
Offers UK Stocks Yes Yes Yes
Offers German Stocks Yes Yes Yes
Offers Japanese Stocks Yes Yes Yes
Offers Indices Trading Yes Yes Yes
Number of Commodities 20 26 21
Offers Metals Commodities Yes Yes Yes
Offers Energy Commodities Yes Yes No
Offers Agricultural Commodities Yes Yes No
Offers Forex Trading Yes Yes Yes
Number of Forex Pairs 61 100 35
Offers Major Forex Pairs Yes Yes Yes
Offers Minor Forex Pairs Yes Yes Yes
Offers Exotic Forex Pairs Yes Yes Yes
Offers CFD Trading Yes Yes Yes
Offers Social Trading Yes No No

IC Markets Vs City Index Cryptocurrency Trading

Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both IC Markets and City Index, and it's not difficult to see why. Cryptocurrencies have the potential to turn modest investments into millions, although this is a rare occurrence. This feat is hard to achieve compared to other financial instruments like stocks and shares. Both IC Markets and City Index offer some form of cryptocurrency trading.

Bitcoin is the most popular cryptocurrency, but thousands of altcoins could experience a similar rise. Altcoins follow the same trajectory as Bitcoin, similar to how stocks rise and fall with the market.

Investing in cryptocurrencies with IC Markets or City Index is considered a high-risk venture. The prices of cryptocurrencies can experience extreme highs and lows. If you choose to invest in cryptocurrencies, allocating only a fraction of your portfolio or trading budget to it is essential. Crypto trading with IC Markets or City Index could lead to one of the most exciting trades you've ever made, depending on the market. Please remember that cryptocurrency availability on IC Markets, City Index, and all brokers are subject to regulation.

We compare IC Markets vs City Index Crypto options below side by side.

Broker IC Markets City Index Roboforex
Allows Cryptocurrency Trading (availability subject to regulation) Yes Yes No
Cryptocurrencies Offered BTC, BCH, ETH, LTC, DASH, XRP, EOS, EMC, NMC, PPC BCH, BTC, ETH, LTC, XRP

IC Markets Vs City Index Commission and Fees

knowing your trading and commission fees with IC Markets vs City Index is extremely important. For the majority of the IC Markets 2,250 financial instruments and City Index 12,500 available financial instruments .

The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with IC Markets and City Index. The bigger the fee, the bigger the issue is. Most alarmingly, some financial assets charge you to hold on to the asset overnight or over the weekend. Some commodities and stocks you are using leverage on may have overnight charges. Please check your fees with IC Markets and City Index before you invest because you must know what you are paying.

You ideally want to choose a broker like IC Markets or City Index that does not charge too much for withdrawal fees. High trading fees and commissions will eat into your profits. The fees will be noticeable if you have a low budget and do not intend to invest so much with IC Markets or City Index. You want the withdrawal fee to be less than one per cent of what you are withdrawing but, more ideally, $5 to $10.

Your location or residence will have an impact on your potential IC Markets and City Index fees, of course. Make sure you do your research and check the commission and fees with both IC Markets and City Index before you invest anything.

Some brokers will charge inactivity fees. As the name suggests, this occurs when you have been inactive on your account for a certain period. Also, with IC Markets or City Index be aware of or 3rd party payment provider fees and currency conversion fees.

IC Markets does not charge inactivity fees, while City Index does charge inactivity fees.

Numerous notifications are usually sent to you as a reminder of dormant IC Markets and City Index accounts, giving you sufficient time to decide on the appropriate course of action. You can opt to continue using your IC Markets or City Index account, or choose to close it.

Usually, the associated fees for dormant IC Markets or City Index accounts are quite minimal, and there is no need to panic, particularly when the issue can be easily resolved. It's always advisable to keep track of your live IC Markets or City Index trading account activity to avoid any unnecessary fees or charges.

When you deposit money to a broker like IC Markets or City Index you might need to pay deposit fees. The lower, the better. Most preferably, you would have to pay IC Markets or City Index nothing for this. If this is the case, it can be a big problem. Constant deposits will eat into your profit, so this will take some consideration before you sign up.

Let's see how IC Markets vs City Index compare side by side for commissions and fees.

Broker IC Markets City Index Roboforex
Min Deposit 200 25 10
Inactivity Fees No Yes No
Withdrawal Fees No Varies Yes
Deposit Fees Varies Varies No

IC Markets Vs City Index Trading Platforms

We live in an accessible world these days. Therefore, your trading platform has to consider this. The ability to trade with the click of a button is essential and allows you to make trading decisions on the IC Markets and City Index platforms when convenient. Without this, you cannot take advantage of every situation that may or may not occur in the financial markets.

Some brokers offer bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You must test this yourself with an IC Markets or City Index demo account.

Broker IC Markets City Index Roboforex
Offers MT4 Yes Yes Yes
Offers MT5 Yes No Yes
Offers cTrader Yes No No

IC Markets Vs City Index Mobile Trading

Trading on your mobile with IC Markets and City Index can be very useful. Why is this? Well, the stock market sees market movement every second. If you are not near your desktop computer, you will probably be near and have access to your phone and IC Markets and City Index mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with IC Markets or City Index. For example, a stock might move to an all-time low when you are out. In this instance, having access to mobile trading with IC Markets or City Index can help limit your risk and trade on the move.

If you own an iPhone, having an IOS Apple mobile trading app with IC Markets or City Index is essential. Likewise, if you have an android phone, it's crucial to verify if IC Markets or City Index broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if IC Markets and City Index have trading apps compatible with your device.

Broker IC Markets City Index Roboforex
Web Platform Yes Yes Yes
IOS Trading App Yes Yes Yes
Android Trading App Yes Yes No
Microsoft Trading App Yes Yes No

IC Markets Vs City Index Trading Account Types Offered

IC Markets Vs City Index Demo Account

A demo account with IC Markets or City Index is extremely useful for people without trading experience. This way, you risk none of your money and test your trading skills in a safe environment. For people with next to no knowledge of trading, we recommend fully signing up with an IC Markets and City Index demo account.

IC Markets Vs City Index Micro Account

Micro accounts are trading accounts used by Forex traders that allow them to trade with smaller amounts of capital than standard trading accounts. Micro accounts require a smaller minimum deposit, usually ranging from $1 to $500, and offer smaller trade sizes than standard accounts, allowing traders to manage their risk more effectively.

If you need a micro account check if IC Markets or City Index offer micro trading accounts in your region.

Overall, micro accounts provide a flexible and cost-effective way for Forex traders to enter the market and gain valuable trading experience while minimizing risks. However, traders need to remember that Forex trading carries significant risks, and they should always approach trading with caution and sound risk management strategies.

IC Markets does not offer clients Micro accounts, while City Index does offer clients Micro accounts.

IC Markets Vs City Index Standard Account

A standard account is available on IC Markets and City Index to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these retail investor accounts, users must trade with at least $100. Standard trading accounts are what the majority of people will seek to use.

Both IC Markets and City Index do offer clients Standard accounts.

IC Markets Vs City Index MAM Account

A MAM (Multi-Account Manager) account is typically used by professional traders. It allows a trader to manage multiple individual trading accounts from a single master account, making it easier to execute trades and manage risk across multiple clients. MAM accounts can help streamline the trading process and improve efficiency for trader and their clients. If you need a MAM account check if MAM accounts are available with IC Markets or City Index or alternative.

IC Markets does offer clients MAM accounts, while City Index does not offer clients MAM accounts.

IC Markets Vs City Index ECN Account

The primary purpose of ECN accounts is to provide traders with faster execution speeds and better pricing by connecting them directly to the market. ECN accounts allow traders to exploit the tightest spreads and access the deepest liquidity pools.

ECN accounts are used for fast and efficient trading, with lower transaction costs and greater transparency. While they may not be suitable for all traders, those with the necessary experience and expertise can benefit greatly from using an ECN account.

If you need a ECN account check they are available with IC Markets or City Index or alternative.

IC Markets and City Index do not offer clients ECN accounts.

IC Markets Vs City Index Islamic Account

An Islamic account is for people who respect the Quran and want to invest in the Islamic stock market. Islamic trading accounts might seem very niche, but it is essential for those concerned as it follows certain ethics concerning the principles of Islam. They are also referred to as swap-free accounts.

If you need a Islamic account check they are available with IC Markets or City Index or alternative.

IC Markets and City Index do not offer clients Islamic accounts.

IC Markets Vs City Index STP Account

Straight Through Processing or STP is where a requested client's trade orders are sent directly to the markets. STP brokers aim to reduce all conflicts of interest. STP is a non-dealing desk trading method aimed mainly at Forex traders.

If you need a STP account check they are available with IC Markets or City Index or alternative.

IC Markets and City Index do not offer clients STP accounts.

IC Markets Vs City Index Managed Account

A managed account is a type of investment account where a professional manager or investment firm is responsible for making investment decisions on behalf of the account owner. The account owner typically retains ownership of the underlying assets but delegates responsibility for managing those assets to the manager.

While some managed accounts require significant investment minimums to access the services of a professional manager, many brokers now offer variations of managed accounts that can be accessed with smaller investment amounts. It's important to note that the fees associated with managed accounts can vary widely depending on the level of service the manager provides and the investment strategy employed. Investors should carefully evaluate the costs and benefits of managed accounts before making an investment decision.

IC Markets does not offer clients Managed accounts, while City Index does offer clients Managed accounts.

Broker IC Markets City Index Roboforex
Offers Demo Accounts Yes Yes Yes
Offers Micro Accounts No Yes Yes
Offers Standard Accounts Yes Yes Yes
Offers MAM Accounts Yes No Yes
Offers ECN Accounts No No Yes
Offers Islamic Accounts Yes No Yes
Offers STP Accounts No Yes Yes
Offers Managed Accounts No Yes No

IC Markets Vs City Index Withdrawal and Funding Methods

IC Markets and City Index have multiple deposit and withdrawal options. Funding and withdrawing from your IC Markets and City Index accounts to your chosen payment method should be straightforward. Lets see how IC Markets and City Index compare with each other. Be aware that depending on your payment method, there may be additional processing fees from your payment provider or bank for processing and converting your funds. Not all potential fees will come from IC Markets or City Index.

Broker IC Markets City Index Roboforex
Payment Methods Credit cards, Debit Cards, PayPal, Wire Transfer, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Thai Internet Banking, RapidPay, Klarna, Vietnamese Internet Banking, Online Digital Wallets, USDT (Tether), Credit cards, MasterCard, Debit cards, VISA, Maestro, Electron, Bank Transfer, MasterCard, Paypal, Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,

IC Markets Vs City Index Customer Support Compared

Customer support is essential when trading. Even professional traders will eventually need the help of IC Markets or City Index support. Customer support is especially important for traders starting with little knowledge. If you are starting out, you will want to ensure the IC Markets and City Index support is always available when needed. IC Markets and City Index customer support is not just useful. broker customer support is crucial to your trading success!

IC Markets Vs City Index Live Chat

Live chat is important for several reasons. When you encounter a problem with IC Markets or City Index trading platforms, it is nice to know that the problem has the potential to be sorted out then and there. Also, speaking to someone live is much less frustrating than speaking to someone through several emails.

Both IC Markets and City Index offer livechat support.

IC Markets Vs City Index Email Support

When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either IC Markets or City Index you will find Email support is also very useful. Sometimes you might have a more complex question requiring a specific part of the IC Markets or City Index support team to answer satisfactorily. Email support with IC Markets and City Index will be needed.

Both IC Markets and City Index offer email support.

IC Markets Vs City Index Phone Support

Although most queries can be resolved with the need of a phone call, it is nice when we can explain ourselves with a live human being at either IC Markets or City Index. We can get straight to the point, saving us time and frustration.

IC Markets do not offer phone support. On the other hand City Index do offer phone support.

Lets see how IC Markets and City Index customer support compare side by side.

Broker IC Markets City Index Roboforex
Offers Live Chat Yes Yes No
Languages English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, German, Arabic, Polish, and Chinese English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
Support Email [email protected] [email protected] [email protected]
Phone No 0845 355 0801 357 25 262660

IC Markets Vs City Index Regulation and Licensing

Never trade on a market that is not sufficiently regulated. Only submit your bank card information or invest money on financially regulated websites. It would help if you made sure with certainty that your money is held with a regulated brokerage. Checking whether IC Markets and City Index are regulated is not a hard task. The more reputable and mainstream brokers will proudly display their regulation certificates on their site, and if you cannot see that IC Markets or City Index have these in place, please be extremely cautious before you proceed with them.

We compare IC Markets Vs City Index financial regulation and licensing side by side below.

Broker IC Markets City Index Roboforex
FCA Regulation No Yes No
CySEC Regulation Yes No No
MiFID Regulation No No No
ASIC Regulation Yes Yes No
FSCA Regulation No No No
DFSA Regulation No No No
MAS Regulation No Yes No

IC Markets Vs City Index Risk Management Features

When trading with either IC Markets or City Index you will want to understand and make full use of all the risk management features on your IC Markets or City Index trading platforms.

We compare side by side the trading risk management features offered by IC Markets and City Index below.

IC Markets Vs City Index Hedging

What is hedging? Have you ever heard of the expression 'to hedge ones bets'? Hedging means not speculating solely on the outcome of one event, as holding all your assets in one place could be risky. Hedging in finance means being able to trade to protect yourself from huge risks by limiting risk using diversification. Hedging can be done, for example, by speculating on a stock to rise and against it to rise by using different amounts or different amounts of leverage.

Both IC Markets and City Index do offer clients hedging.

IC Markets Vs City Index Stop Loss

Stop loss orders are very useful for more volatile investments, especially when speculating on a stock or Forex currency pair. In a normal trade, you cannot lose more than what you invested, but this is not the case when you are using leverage. Under these terms, it is always good to set a stop loss to protect yourself from any vicious results.

Both IC Markets and City Index do offer clients stop losses. Stop Loss and Take Profit are not guaranteed on IC Markets or City Index. You must still monitor any live trades and your financial exposure and financial risk.

IC Markets Vs City Index Limit Orders

Every broker should allow users to place a limit order. Limit orders are when you have the order to buy a financial instrument at a specific price. Your trade will be executed when the financial asset hits a set price. Limit orders are extremely useful as they allow you to buy stock at a better price! It would be very time-consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what helping limit orders can be in your trading career.

Both IC Markets and City Index do offer clients limit orders.

IC Markets Vs City Index Negative Balance Protection

Negative balance protection is there to protect its customers. Customers need protection as trading can be volatile, and not everybody who invests knows the full consequences of their trade.

Negative balance protection works like this: Say you invest $50, but your trade can lose $125 because you have used leverage. You will need $125 available in your account to do this trade. Negative balance protection is essential, as it would be unfortunate if you received an unexpected bill from a broker one day.

Both IC Markets and City Index do offer clients negative balance protection.

Broker IC Markets City Index Roboforex
Offers Hedging Yes Yes Yes
Negative Balance Protection Yes Yes Yes
Guaranteed Stop Loss No Yes No
Offers Limit Orders Yes Yes Yes
Offers Trailing Stops Yes Yes Yes

IC Markets Vs City Index Verdict

We hope this IC Markets Vs City Index guide has helped you decide who is best to trade with out of IC Markets and City Index.

When choosing a broker like IC Markets or City Index for trading, it's important to ensure your money is held in a segregated bank account. Your live trading funds with IC Markets or City Index are kept separate from the broker's funds and can be returned to you if the broker faces financial difficulties or insolvency when signing up with brokers such as IC Markets or City Index, it's crucial to verify that they offer this safeguard. By doing so, you can have greater peace of mind and confidence in the safety of your funds as you engage in trading activities with IC Markets or City Index.

Also, before you sign up with online brokers like IC Markets or City Index, make sure you know what you are doing. Simple advice, we admit, but we know from experience how many people decide to start trading and then ask questions later. Please know what you are doing with IC Markets or City Index before investing money into something.

Beware of the risks that come with trading with IC Markets or City Index. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all IC Markets and City Index educational resources and financial research tools. If you are new to trading, sign up for a demo account with IC Markets and City Index to find which suits you and your trading style.

Some of you might be thinking about what we mean when we say 'trading style'. Here are a few examples. A day trader using IC Markets or City Index will look to open positions and close them on the same day. Day trading in this way will require a broker that specialises in this. To do this with some brokers would be a bad idea because of the commission and fees involved. Check if IC Markets and City Index fees match your trading requirements.

Alternatively, you could be on the end of this scale and decide to wait years before you close your investments with IC Markets or City Index if your investment strategy is more long-term.

IC Markets and City Index Alternatives

If IC Markets and City Index are not what you are not quite what you are looking for we list some of the best IC Markets and City Index alternatives below.

Other IC Markets and City Index Vs Comparisons

If you are still looking for an alternative to IC Markets and City Index and want to see how IC Markets or City Index compares Vs other brokers check out the IC Markets Vs and City Index Vs list below.

IC Markets Vs Alternatives

Still not happy have a look at some of our alternative IC Markets Vs side by side comparisons below

City Index Vs Alternatives

Still not happy have a look at some of our alternative IC Markets Vs side by side comparisons below

IC Markets Vs City Index Frequently Asked Questions

We answer some of the most frequently asked IC Markets Vs City Index questions below.

Is IC Markets any Good?

Knowing that a broker is legit is the first thing you should check before signing up with a broker. Is IC Markets legit? - IC Markets are regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) and have been in business since 2007

Is City Index any Good?

City Index are regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) and have been in business since 1983.

Which is better IC Markets or City Index?

IC Markets has a good rating, while City Index has a good rating.

Is IC Markets a con?

IC Markets is regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) and have been in business since 2007. IC Markets is most definitely not a con as they are regulated by major financial regulators.

Is City Index a con?

City Index is regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) and have been in business since 1983. City Index is most definitely not a con as they are regulated by major financial regulators.

What happens if IC Markets or City Index go bust?

IC Markets and City Index are regulated, which means that as part of their regulatory obligations IC Markets and City Index have to offer a certain level of financial protection to their clients. IC Markets and City Index should by law keep client funds separate from IC Markets and City Index funds. If either IC Markets or City Index goes bankrupt, they should not have access to your money. Customer accounts should be segregated. A financial services compensation scheme differs from country to country, so check this on the IC Markets and City Index websites and regulators.

Are IC Markets or City Index good for beginners?

IC Markets and City Index offer low deposits and access to a selection of market insights and news resources. Both IC Markets and City Index offer demo accounts. Demo trading accounts are a big plus for IC Markets and City Index as it shows they are interested in their customers.


Learn more Learn more about IC Markets.
Losses can exceed deposits