City Index vs IronFX 2026
By Akash · Facts re-checked (UTC)
Here is how City Index and IronFX 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.
IronFX is a multi-entity CFD broker whose Cyprus entity Notesco Financial Services Limited is CySEC-licensed (125/10), offering MT4, WebTrader and copy/PAMM tools.
Side by side
| City Index | IronFX | |
|---|---|---|
| Regulators | FCA | CySEC |
| Minimum deposit | £100 minimum initial deposit for MT4 / new cards (UK) | – |
| Spreads from | 0.5 pts on MT4; 0.8 pts on standard platform (UK) | 0 pips (Raw ECN, with commission); 1.2 pips average on Standard accounts |
| Commission | None on MT4 except shares | – |
| Platforms | ||
| Retail accounts losing money | 68% | – |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: City Index review · IronFX review.
Frequently asked questions
Are City Index and IronFX regulated?
City Index: FCA. IronFX: CySEC.
Which has tighter spreads, City Index or IronFX?
Published spreads start from 0.5 pts on MT4; 0.8 pts on standard platform (UK) at City Index and 0 pips (Raw ECN, with commission); 1.2 pips average on Standard accounts at IronFX; commission: City Index None on MT4 except shares, IronFX none listed.
More City Index comparisons
More IronFX 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