City Index vs Interactive Brokers
By Akash · Facts re-checked (UTC)
Here is how City Index and Interactive Brokers compare on regulation, costs and platforms. See the table for regulators, costs and platforms.
| City Index | Interactive Brokers | |
|---|---|---|
| Regulators | FCA | FCA, CBI, ASIC |
| Minimum deposit | £100 minimum initial deposit for MT4 / new cards (UK) | No account minimum |
| Spreads from | 0.5 pts on MT4; 0.8 pts on standard platform (UK) | – |
| Commission | None on MT4 except shares | 0.08 to 0.20 bps x trade size, tiered by monthly volume; minimum USD 2.00 per order at Tier I |
| Platforms | City Index Web Trader (TradingView charts), MetaTrader 4, TradingView | Trader Workstation (TWS), IBKR Mobile, Client Portal |
| Retail accounts losing money | 68% | 59.7% |
Full reviews: City Index review · Interactive Brokers review
Frequently asked questions
What is the minimum deposit at City Index and Interactive Brokers?
City Index: £100 minimum initial deposit for MT4 / new cards (UK). Interactive Brokers: No account minimum.
Are City Index and Interactive Brokers regulated?
City Index: FCA. Interactive Brokers: FCA, CBI, ASIC.
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 more