Written by ForexBrokers.com
In this head to head comparison of City Index vs IUX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
City Index, established in 1983, is a publicly traded online broker boasting a perfect Trust Score of 99 as per ForexBrokers.com. With 7 Tier-1 licenses, City Index is firmly positioned as a highly trusted choice for traders. Although not a bank, its high regulatory standing and long history in the industry provide clients with added confidence and security. Additionally, City Index holds 1 Tier-2 license, reinforcing its trusted status further.
On the other hand, IUX, founded in 2016, is a non-publicly traded broker with a Trust Score of 78, indicating an average risk according to ForexBrokers.com. IUX holds 1 Tier-1 license and 1 Tier-2 license, showing some level of regulatory compliance, but does not match the higher trust levels associated with City Index. As a newer, non-bank broker, IUX may appeal to some traders, but its regulatory profile suggests a need for more caution than with City Index.
| Feature |
City Index
|
IUX
|
|---|---|---|
| Year Founded | 1983 | 2016 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
City Index and IUX both offer competitive pricing, but they cater to different needs. City Index earns 4.5 out of 5 stars and ranks #16 of 63 for Commissions and Fees at ForexBrokers.com, while IUX scores 4 out of 5 stars and ranks #19 of 63. City Index’s costs for CFDs, forex, and spread betting sit around the industry average, with its best rates available on its own platforms or MetaTrader. IUX’s pricing depends on the account you choose and can be attractive, especially on its Pro and Raw options, though it doesn’t quite match the very lowest-cost leaders.
For City Index, the average EUR/USD spread was 0.74 pips (July 2023), keeping overall costs near the market norm. Active traders who deposit more than £10,000 may qualify for the Premium Trader account, which adds exclusive pricing, events, and dedicated service. High-volume professionals can also access rebates: in the U.K., about £4 to £7.5 per million traded depending on monthly volume, and in Australia, roughly AUD 4.5 to 14.5 per million.
At IUX, the Standard and Standard+ accounts each require just a $10 minimum; Standard+ supports deposit bonuses but with wider spreads, while the Standard account keeps spreads lower without promotions. For active traders, the Pro and Raw accounts each require a $500 minimum. Pro is spread-only and lists an average EUR/USD spread of 0.7 pips (lower than Standard’s 0.9 pips), while the Raw account charges a $6 commission per 100,000 units and delivers the tightest pricing, with an effective average around 0.6 pips after factoring in commission. In short, IUX is cost-competitive, especially on Pro and Raw, but City Index remains a strong all-rounder with solid perks for high-volume traders.
| Feature |
City Index
|
IUX
|
|---|---|---|
| Minimum Deposit | £100.00 | 10 |
| Average spread (EUR/USD) - Standard account | 1.4 | 0.86 |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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Regulated in 7 jurisdictions
City Index offers a far wider selection of markets than IUX, with 13,500 tradeable symbols versus IUX’s 152. For forex, City Index lists 66 currency pairs compared with 34 at IUX, and both brokers support forex trading via CFDs or spot. Both also allow trading cryptocurrency through CFDs (not the underlying coins). A key difference is copy trading: City Index supports it, while IUX does not.
Neither broker provides access to U.S.-listed shares as actual exchange-traded securities (non-CFDs). However, IUX does let clients buy international exchange-traded shares, while City Index does not. Reflecting the broader product lineup, City Index earns 5 stars and ranks #8 out of 63 brokers for Range of Investments on ForexBrokers.com, whereas IUX scores 3.5 stars and ranks #35. In short, pick City Index for breadth; choose IUX if you need access to international exchange-traded shares.
| Feature |
City Index
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 152 |
| Forex Pairs (Total) | 66 | 34 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
City Index and IUX both check the core boxes for trading platforms and tools. Each broker provides a free demo account for paper trading, an in-house proprietary platform, a Windows desktop download, and a web-based platform. Both also let you place trades directly from charts, making it easier to go from analysis to execution without extra clicks.
Key differences stand out in platform choices and extras. City Index supports MetaTrader 4 (MT4) and offers copy trading, while IUX does not offer copy trading but supports MetaTrader 5 (MT5) instead. In independent evaluations, City Index earns 4.5 out of 5 stars for Trading Platforms and Tools and ranks #11 of 63 at ForexBrokers.com. IUX scores 3.5 out of 5 stars and ranks #35 of 63. If you want MT4 and copy trading, City Index is the natural fit; if MT5 is a must, IUX is the way to go.
| Feature |
City Index
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 88 | 106 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
City Index and IUX both offer mobile trading apps for iPhone and Android, so getting started on either platform is easy. According to ForexBrokers.com, City Index earns 4.5 out of 5 stars and ranks #9 out of 63 brokers for Mobile Trading Apps, while IUX scores 3.5 stars and ranks #35. That higher rating and ranking suggest City Index delivers a more polished mobile experience overall.
Feature-wise, City Index supports price alerts and watchlist syncing with your online account; IUX offers neither. For charting, IUX includes more built-in technical studies (106 vs. City Index’s 88), but City Index lets you draw trendlines on charts, which IUX does not. Both apps auto-save chart drawings. If you want alerts, synced watchlists, and drawing tools, City Index is the better fit. If you prioritize a larger set of indicators, IUX has the edge there.
| Feature |
City Index
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
City Index vs IUX for market research: City Index clearly offers more. It delivers daily market commentary and built-in forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones. City Index also adds Trading Central analysis plus a sentiment tool that shows long and short positioning across instruments. Both brokers provide an economic calendar, while neither includes Autochartist, TipRanks, or Acuity Trading tools.
Independent ratings back up the difference: City Index scores 4.5/5 stars for Research and ranks #10 out of 63 brokers at ForexBrokers.com, while IUX earns 3/5 stars and ranks #35. If you want a platform with news, commentary, Trading Central, and a sentiment gauge in one place, City Index is the stronger choice; if a basic calendar is enough, IUX can cover the essentials.
| Feature |
City Index
|
IUX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
City Index is a strong choice for beginner traders seeking forex and CFD education. It offers monthly educational webinars, plus a deep video catalog that includes at least 10 beginner-friendly lessons and 10+ advanced videos—helpful if you want to progress from basics to more complex strategies. Independent ratings back this up: City Index earns 4.5 out of 5 stars for Education and ranks #9 out of 63 brokers on ForexBrokers.com.
IUX provides at least 10 beginner videos that cover core trading topics, making it suitable if you want straightforward, self-paced learning. However, it does not run monthly educational webinars and does not offer 10 or more advanced videos, which limits learning paths as you grow. Reflecting this, IUX holds a 3-star Education rating and ranks #35 out of 63 with ForexBrokers.com. For live learning and a clearer path from beginner to advanced, City Index has the edge; for basic video lessons, IUX can do the job.
| Feature |
City Index
|
IUX
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that City Index is better than IUX. City Index finished with an overall rank of #8, while IUX finished with an overall rank of #35.
Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.
| Feature |
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IUX
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| Trust Score | 99 | 78 |
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City Index vs IUX: neither broker supports buying actual (delivered) cryptocurrencies, but both offer cryptocurrency CFD trading.
City Index vs IUX: For deposits and withdrawals, City Index supports ACH/SEPA, PayPal, and bank wire transfers (not Skrill), while IUX supports Skrill and bank wire transfers (not ACH/SEPA or PayPal); Visa/Mastercard availability is not specified for either broker.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | City Index | IUX | |
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| Trust Score | 99 | 78 | |
| Winner | check_circle | ||
| Review | City Index Review | IUX Review |
| Broker Screenshots | City Index | IUX | |
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| Regulation | City Index | IUX | |
|---|---|---|---|
| Trust Score | 99 | 78 | |
| Year Founded | 1983 | 2016 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | City Index | IUX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | City Index | IUX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | City Index | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 152 | |
| Forex Pairs (Total) | 66 | 34 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | City Index | IUX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.4 | 0.86 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | City Index | IUX | |
|---|---|---|---|
| Minimum Deposit | £100.00 | 10 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | City Index | IUX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | City Index | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 88 | 106 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | City Index | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | City Index | IUX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | City Index | IUX | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | City Index | IUX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | City Index Review | IUX Review |
| Overall | City Index | IUX | |
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| Trust Score | 99 | 78 | |
| Winner | check_circle | ||
| Review | City Index Review | IUX Review |
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