IG Index and CityIndex - Top Financial Spread Betting Firms


Many people whom are heavy into investing in the United Kingdom are undoubtedly familiar with the top dogs of the brokerage industry. In the Financial Spread Betting market two of the top competitors are CityIndex and IG. Both are highly regarded for the feature rich software programs, up to date monitoring system, and fast customer service response.

One thing both of these companies have in common is that they are both regulated by the FCA (Financial Conduct Authority); both spread betting companies will only accept traders that are permanent residents of the United Kingdom.

IG and CityIndex offer their customers numerous markets including; Currencies, Commodities, Bond Futures, different International markets as well as the UK, Europe and US markets. Both allow spread betting on Stock Indices as well as on individual shares. IG does offer more markets than City Index however, such as House prices and s and spread bets on Rolling Daily Indices.

Both companies offer different trading platforms which will meet just about all spread betting investors needs. Both brokerages offer online trading as well as mobile trading. IG offers mobile alerts and telephone trading if a trader requires this method.

Other important areas where the two companies offer similar functionality for their traders is they both offer the same financing fees for (+2.5 Long -2.5 Short LIBOR), as well providing their clients with real time market news as well as charts and historical data. Real time trading is an option that both of these top dogs offer. Real time trading generally will display real time data across streaming media allowing the spread bettor to monitor market data.

One thing that City Index does offer which IG does not is virtual accounts. This type of account is also known by many as a demo account. These virtual accounts can be a handy tool for the newcomer to financial spread betting or cfd trading. This allows the trader to not place any of their actual capital in the account, yet they get to trade and bet as if it were real.

It is not our place to tell you which company we recommend, as each offers their own strengths and weaknesses. You will find mixed reviews on both of these companies, however, both have been in business for over twenty-five years and are solid choices if you wish to start in the exciting and rewarding market of financial spread betting.

Independent Investor

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