City Index versus IG Index: Which is the Best Spread Betting Provider?
In the financial trading world, it is very important for investors to be able to compare spread betting brokers especially now that there are more than 15 different providers operating in the market.CityIndex is one of them.In a wide number of asset classes CityIndex offers a good range of market as it has been in the industry for about 25 years.A private holding company IPGL is the parent company of CityIndex.
Now for a bit of history. CityIndex acquired IFX Group in 2006. A range of new and innovative leveraged products, mainly foreign exchange and the global equity markets were provided to institutional and retail customers by IFX which was a London based business.During this time span CityIndex platform has raised to a different level.Being omnipresent in the market the IG Index seems to remain the market leader. It was founded 10 years earlier than CityIndex and there are some different features provided by IG Index.
Plus account and the Limited risk account are the two types of trading account offered by IG. Together with full PureDeal functionality, including the DealThru Charts, the one-click dealing for a faster execution and competitive margins, comes the Plus account with dealing spreads which are tight.
On the other hand, the Limited Risk Account would come with the guaranteed stops on all kind of trades.The amount originally invested in this way, is the maximum amount that traders and investors would potentially lose.By paying some more spread on each of the trades,spread traders can enjoy this kind of privilege
By putting and comparing the two providers side by side, you may find that the best spread betting provider depends on your trading style and whether you are a beginner or day trader in the spread betting world. What makes CityIndex great for starters is that it offers a demo simulator account which IG Index doesn’t. When in for the sheer range of markets though, the IG Index is likely to win hands down. City Index offers particularly competitive margins on a number of major markets though which are even better than IG & just because a provider offers you greater leverage doesn’t mean that he’s offering you a better deal.
The ability to switch from one to the other with ease comes from the fact that City Index offers CFD trading and spread betting on a single platform.IG Index’s flagship web platform PureDeal also offers CFD trading but IG in addition also offers dma dealing through its PureDMA dealing interface dubbed as IG Markets. iPhone and mobile spread betting is what both platforms offer although City Index managed to penetrate the market earlier here & so has taken the lead. An iPhone spread betting application in August 2010 is what IG also launched and which is promising as well.
USing one provider doesn’t mean that you necessarily need to open just one account & it is perfectly feasible to open an account with both IG Index and City Index. Conclusion that many spread betters tend to have multiple accounts, is what past research from research company Investment Trends has shown.
Find more info on IG Index Review and CityIndex.
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