IC Markets vs City Index
An in-depth comparison to help you choose the right broker for your trading journey.
Who Wins Each Category?
Our scores for IC Markets and City Index, side by side, across the categories that decide your costs and safety.
Who Wins?
IC Markets wins on overall score (4.6/5 vs 4.2/5). IC Markets is the pick if you value high-volume traders; choose City Index if you value uk spread bettors. The tables below show where each actually wins.
Who this is for: IC Markets suits traders who prioritise high-volume traders; City Index suits traders who prioritise uk spread bettors.
Side-by-Side Comparison
What Actually Differs
The numbers that matter when choosing between IC Markets and City Index.
Pros & Cons
Pros
- Industry-leading raw spreads from 0.0 pips
- True ECN execution with no dealing desk
- $1 trillion+ monthly trading volume
- Multiple platforms including TradingView
- Excellent for high-frequency and algo trading
- Deep institutional liquidity
Cons
- $200 minimum deposit
- Limited educational content
- No proprietary platform
- Basic research tools
Pros
- 40+ years established
- FCA regulated
- Spread betting (tax-free UK)
- TradingView integration
- Extensive markets
Cons
- UK/AU focused
- Higher spreads on some assets
- No cryptocurrency trading
Which Broker Should You Choose?
IC Markets vs City Index: FAQ
Which is better, IC Markets or City Index?
Overall, IC Markets scores 4.6/5 and City Index scores 4.2/5. The right pick depends on what you value: IC Markets for high-volume traders, City Index for uk spread bettors.
Which is cheaper, IC Markets or City Index?
On our fees score, IC Markets is 4.9/5 and City Index is 3.9/5. IC Markets advertises spreads from 0.0 pips, City Index from 0.5 pips. Check the fee rows above for the full picture, because headline spreads are not the bill.
Which is safer, IC Markets or City Index?
IC Markets holds 3 licence(s), including ASIC, CySEC, FSA. City Index holds 2 licence(s), including FCA, ASIC. More Tier 1 regulators means more client protection schemes. Verify any licence at the regulator register before depositing.
Which has more markets, IC Markets or City Index?
IC Markets offers 2,250+, City Index offers 13,500+. Choose the range that covers what you actually trade.
Calculate Your Trading Costs
Use our free tools to compare broker costs and calculate position sizes before you trade.
Other Broker Matchups
Trading Terms Explained
New to some of the jargon in this comparison? These explainers cover the concepts that decide your costs and risk.