IC Markets vs City Index
An in-depth comparison to help you choose the right broker for your trading journey.
QUICK VERDICT
Who Wins?
VS
HEAD-TO-HEAD 
Side-by-Side Comparison
Feature
Overall Rating
4.6/5
4.2/5
Minimum Deposit
$200
£100
Spreads From
0.0 pips
0.5 pips
Max Leverage
Up to 500:1
Up to 30:1 (EU)
Instruments
2,250+
13,500+
Fees Score
4.9/5
3.9/5
Platforms Score
4.7/5
4.4/5
Education Score
3.5/5
4.2/5
Safety Score
4.5/5
4.7/5
Platforms
MetaTrader 4, MetaTrader 5, cTrader, TradingView
City Index Platform, MetaTrader 4, TradingView
Founded
2007
1983
Headquarters
Sydney, Australia
London, United Kingdom
ANALYSIS
Open IC Markets Account
Open City Index Account
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
RECOMMENDATION
Which Broker Should You Choose?
Choose
If you:
- High-volume traders
- Scalpers
- Algorithmic traders
- Professional traders
FREE TOOLS
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