image Investors Intelligence VISIT INVESTORS INTELLIGENCE image Darwinex VISIT DARWINEX image City Index VISIT CITY INDEX
About

Investors Intelligence is regulated by the Financial Conduct Authority. Investors Intelligence have provided Forex trading services since 1947.

Darwinex is regulated by the Financial Conduct Authority. Darwinex have provided Forex, Spread betting trading services since 2012.

City Index is regulated by the Financial Conduct Authority. City Index have provided Forex trading services since 1983.

Why choose them?
  • Yes Over 71 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 6 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 35 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, ASIC and MAS
Headquarters London, UK London, UK London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes No Yes
CFD Yes No Yes
Spread Betting Yes Yes Yes
Social Trading No Yes No
MARKETS & INSTRUMENTS
Forex (currency pairs) 66 40 84
Commodities Offered 10 26
Stocks Offered 4500
Bitcoin No No Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes No Yes
Penny stocks No No Yes
Energies No No Yes
Metals Yes Yes Yes
Agriculturals Yes No Yes
FTSE Yes Yes Yes
Dow Jones Yes No Yes
Dax Yes Yes Yes
Nikkei Yes Yes Yes
ETFs No No Yes
IPO No No No
See all instruments

Losses can exceed deposits

See all instruments

Losses can exceed deposits

See all instruments

Losses can exceed deposits

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 No Yes Yes
MT5 No No No
MT4 Mac No No No
WebTrader Yes Yes Yes
Mirror Trader No No No
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM No Yes Yes
Custom Platforms Investors Intelligence Spread Betting trading app Social Trading AT Pro, Advantage Web

APPS

iOS image Yes No Yes
Android image Yes Yes Yes
Windows image No No Yes
Available Languages

English

English, Spanish, Chinese, and French

English, Spanish, German, Arabic, Polish, and Chinese

See platform & features

Losses can exceed deposits

See platform & features

73% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

72% of retail investor accounts lose money when trading CFDs with this provider

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by Investors Intelligence and Darwinex

Demo account Yes Yes Yes
Mini account No Yes Yes
Micro account No No Yes
Standard account Yes Yes Yes
ECN Account Yes No No
Islamic account No No No
Zero spread account No No No
VIP account No No Yes
Fixed spreads Yes No Yes
Variable spreads Yes Yes Yes
See account options

Losses can exceed deposits

See account options

73% of retail investor accounts lose money when trading CFDs with this provider

See account options

72% of retail investor accounts lose money when trading CFDs with this provider

TRADING CONDITIONS

Scalping No Yes No
Hedging Yes Yes Yes
Expert advisors (EAs) No Yes Yes
Virtual private server No Yes No
Direct market access Yes Yes No
STP broker Yes Yes Yes
Market maker Yes Yes Yes
Min trade £1 per point 0.01 Lot 1 Lot
Max trade None None Varies
Min deposit $1 $500 $25

RISK MANAGEMENT

Stop losses No Yes Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops No Yes Yes
Price alerts Yes Yes Yes
Signal trading No No Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No No
Neteller No No No
Skrill No No No
Payment processing time Varies 1-3 business days 2-3 business days
Withdrawal processing time Varies 1-3 business days 2-3 business days
See all funding options

Losses can exceed deposits

See all funding options

73% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

72% of retail investor accounts lose money when trading CFDs with this provider

DETAILED INFO

Excluded countries US US US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW
Contact email Send Email Send Email Send Email
Phone number 0207 349 2141 44 20 7193 1232 0845 355 0801
Live Chat No Yes Yes
Website http://www.investorsintelligence.co.uk/ https://www.darwinex.com www.cityindex.co.uk
Spreads:
EUR/USD (Average: 0.7 pips) 0.1 pips Not offered 0.5 pips
GBP/USD (Average: 1.1 pips) 0.1 pips Not offered 0.5 pips
USD/JPY (Average: 1.1 pips) 0.1 pips Not offered 1.6 pips
AUD/USD (Average: 0.8 pips) 0.1 pips Not offered 0.5 pips
USD/CHF (Average: 2.3 pips) 0.1 pips Not offered 1.6 pips
USD/CAD (Average: 2.9 pips) 0.1 pips Not offered 0.5 pips
NZD/USD (Average: 3.6 pips) 0.1 pips Not offered 2.3 pips
EUR/GBP (Average: 2.4 pips) 0.1 pips Not offered 0.5 pips
View all spreads

Losses can exceed deposits

View all spreads

73% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

72% of retail investor accounts lose money when trading CFDs with this provider

FEES

Inactivity Fee No No Yes
Commission No Yes 0.0015
Deposit Fee Varies No Varies
Withdrawal Fee No Yes Varies
View All Fees

Losses can exceed deposits

View All Fees

73% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

72% of retail investor accounts lose money when trading CFDs with this provider

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Last update

All information collected from http://www.investorsintelligence.co.uk/. Last updated on 01/07/2019.

All information collected from https://www.darwinex.com. Last updated on 01/07/2019.

All information collected from www.cityindex.co.uk. Last updated on 01/07/2019.

Company

Investors Intelligence is a broker that is leading the way in research and data and is one of the only spread betting and derivatives trading providers that provide daily trading signals to help their traders make the most informed trading decisions.

Since 1947 they have been a leading provider of trading intelligence and their proprietary indicators are often used in the most respected publications including The FT, Barrons, The Wall Street Journal, CNBC, NY Times and Market Watch. They have been pioneers in investment reporting and paved the way for the use of point & figure charting in the 1950s and have set the industry standard in many analytical tools including the NYSE Bullish %.

As a leading source of independent analysis on the financial markets Investors Intelligence is a trusted source of information and a trusted service provider of spread betting and derivatives, especially for experienced traders looking for extra market analysis tools and resources.

For more information about trading with Investors Intelligence, we have put together an indepth Investors Intelligence review with all the pros and cons about this broker.

Darwinex is an online forex trading service provider who are regulated by the Financial Conduct Authority. To open an account with Darwinex, minimum deposits start from $/£500.

With Darwinex you can trade Forex, indices, and commodities. If you like to trade on the go, Darwinex have iPhone and Android apps so you can trade from anywhere on your phone.

Darwinex offer MT4, MT4 mobile, MT4 iOS and MT4 Android platforms to make your trades and support 3 different languages.

They also offer traders free educational material to better understand the markets and trading strategies.

The spreads offered by Darwinex for the most popular instruments are:
0.38 EUR/USD, 0.8 FTSE 100, 0.12 GOLD,
0.43 GBP/USD, n/a DOW/JONES, n/a Crude Oil,
see all the spreads here.

Since establishing themselves as one of the first spread betting providers in the UK. , City Index have grown to a global company in over 50 countries completing over two million trades every month. City Index provide some of the most competitive spreads across thousands of markets including indices, shares, currencies, commodities and many more.

City Index have continued to innovate and were the first to provide a downloadable Android and iPhone app for spread betting and CFD trading and with over 30 years experience in the industry, you know you can trust Cityindex to handle your trades.

For more information about trading with City Index, we have put together an indepth City Index review with some of the pros and cons about this broker.

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Investors Intelligence or Darwinex?

ECN execution or access to MT4?

If you’re a trader looking for a broker that offers ECN execution (as opposed to a market maker), Investors Intelligence is likely the better choice. However, if you want a broker that offers MetaTrader4 as a trading platform, Darwinex may be more suitable.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider Investors Intelligence to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

Investors Intelligence and Darwinex are both regulated by Financial Conduct Authority

As the Financial Conduct Authority are one of the most stringent regulators in the world, both Investors Intelligence and Darwinex will have very strict guidelines to follow to ensure they protect their retail trader clients.

City Index are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

Investors Intelligence has been around for 72 years, while Darwinex have been around for 7 years. Our third alternative broker, City Index, have been around for 36 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Investors Intelligence uses tier one banks as their banking partner.Darwinex does not use tier one banks as their banking partner.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on Investors Intelligence or Darwinex in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Investors Intelligence is a publicly listed company, while on the other hand Darwinex is still a privately owned company.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

Both Investors Intelligence and Darwinex are based in London, UK .

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both Investors Intelligence and Darwinex offer forex trading. Investors Intelligence have a slightly larger variety of currency pairs with 66 pairs, compared to 40 offered by Darwinex. Also, if you’re looking to trade cryptocurrencies,

If you’re looking to trade commodities like gold, silver or oil, Investors Intelligence may be a better fit as Darwinex does not offer commodity trading.

Darwinex also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

Platforms & Account Types

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. City Index, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

Investors Intelligence does not allow scalping but allows hedging. While Darwinex also allows scalping and hedging. You can't trade with EAs (expert advisors) on Investors Intelligence but you can trade EAs (expert advisors) with Darwinex.

In terms of risk management tools, neither Investors Intelligence or Darwinex offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

Investors Intelligence accept Payoneer while Darwinex accept Payoneer.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, Investors Intelligence charges points, while Darwinex charges 0.20 points. Therefore, Investors Intelligence is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: Investors Intelligence or Darwinex?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Investors Intelligence is more reliable based on our criteria above. Investors Intelligence has a wider range of instruments to trade. Investors Intelligence offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.