You can trade CFDs on the two main currencies and currency
markets.
| Market |
CFD Base
Currency |
Value Per Point of 1
CFD |
City Index
Hours |
Minimum Trade
Size |
City Index Spread
(Points) |
City Index GSL Premium
(Points) |
| |
|
|
|
|
|
|
| GBP/USD |
USD |
US $ 1 |
06.30 - 21.15 |
US $ 5 |
4 |
2 |
| |
|
|
|
|
|
|
| EUR/USD |
USD |
US $ 1 |
06.30 - 21.15 |
US $ % |
4 |
2 |
Financing Example
If you had bought GBP/USD CFD, then the daily financing charge is
the GBP one day deposit rate vs the USD one day borrowing rate e.g.
4.74 - 1.53 = 3.21 %.
GBP/USD exchange rate = 1.7950
Financing = 1.7950 * -0.0321 = 1.76 points
As you had bought the currency with the higher interest rate you
would receive these 1.76 points as a credit. If you had sold it
then it would be a debit. (If you had bought 5 GBP/USD CFDs, then
the daily financing credit would be 5 x 1.76 = $8.80)