Stock Indices

Stock index CFDs are beneficial if you do not have a view about specific shares but feel that the market as a whole will move in a certain direction.

If you think a particular market will rise you can buy a stock index CFD (long position). However, if you think a market will fall you may wish to sell a stock index CFD (short position).

All the normal benefits of CFD trading apply:

No Stamp Duty - As CFDs are a derivative, there is no stamp duty to pay on trading UK sectors, however tax laws may change.
Margin Rates - Low margin requirement enables you to take a position with exposure to a market and initially only be required to put up a small percentage of the value of the position. This means that you are able to take far larger positions in the CFD than you would be able to in the underlying instrument.
Dividend Adjustments - City Index will make ex-dividend adjustments for stock index CFDs held at the close of business on the day before an ex-dividend event of constituent index. For long CFD positions an adjustment is credited to your account. For short CFD positions an adjustment is debited from your account.
Transparent Pricing Policy - click here for detailed information on how we price our CFDs.
Commission free trading - our stock index CFDs are commission free - the only charge is the City Index spread and the GSL premium.

City Index offer Limited Risk Account holders access to the Stock Index CFDs below.

Max Total Exposure	Market	CFD Base Currency	Value per index point of one CFD	City Index hours	City Index Minimum Stop Level (Points)	City Index GSL Premium (points)

£25	FTSE CFD	GBP	GBP 1	07.00 - 21.15	40	2

$25	Wall Street CFD	US $	US $ 1	07.00 - 21.15	70	3

$250	S&P CFD	US $	US $ 1	07.00 - 21.15	7	0.3

Euro 40	Dax CFD	EUR	EUR 1	07.00 - 21.15	40	2

Euro 40	CAC CFD	EUR	EUR 1	07.00 - 21.15	40	2

$80	NAS CFD	US $	US $ 1	07.00 - 21.15	20	0.7

Notes

There is no commission to pay on City Index Stock Index CFDs - the only charge is the City Index spread and the GSL Premium.
FTSE 100 CFDs will be subject to a dividend adjustment for positions held at the close of business on the day before an ex-dividend date (usually, this applies to positions held at close of business on a Tuesday). This is to reflect the fact that the FTSE 100 Index will open on a lower level on this date as the constituent members go ex-dividend. A dividend adjustment is credited to long CFD positions and debited from short CFD positions held at the close of business on the day before the ex-dividend date. Payment is credited or debited to your account over the ex-dividend date.

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