City Index vs IC Markets 2026
By Akash · Facts re-checked (UTC)
Here is how City Index and IC Markets compare on regulation, costs and platforms.
City Index is a trading name of StoneX Financial Ltd, regulated by the FCA (446717), offering spread bets and CFDs on its Web Trader with TradingView charts and MT4.
68% of retail CFD accounts lose money with this provider.
IC Markets is a CFD broker offering MetaTrader 4, MetaTrader 5, cTrader and TradingView with Standard and Raw Spread accounts; its global site is operated by Raw Trading Ltd, licensed by the FSA Seychelles.
73.46% of retail CFD accounts lose money with this provider.
Side by side
| City Index | IC Markets | |
|---|---|---|
| Regulators | FCA | FSA Seychelles |
| Minimum deposit | £100 minimum initial deposit for MT4 / new cards (UK) | USD 200 (or currency equivalent) |
| Spreads from | 0.5 pts on MT4; 0.8 pts on standard platform (UK) | from 0.0 pips (Raw Spread) |
| Commission | None on MT4 except shares | – |
| Platforms | ||
| Retail accounts losing money | 68% | 73.46% |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: City Index review · IC Markets review.
Frequently asked questions
What is the minimum deposit at City Index and IC Markets?
City Index: £100 minimum initial deposit for MT4 / new cards (UK). IC Markets: USD 200 (or currency equivalent).
Are City Index and IC Markets regulated?
City Index: FCA. IC Markets: FSA Seychelles.
Which has tighter spreads, City Index or IC Markets?
Published spreads start from 0.5 pts on MT4; 0.8 pts on standard platform (UK) at City Index and from 0.0 pips (Raw Spread) at IC Markets; commission: City Index None on MT4 except shares, IC Markets none listed.
More City Index comparisons
More IC Markets comparisons
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read the full risk warning