We’ve taken one of the world’s most popular trading platforms, MetaTrader 4 (MT4), and enhanced it with more trading tools and features to give City Index FX clients an even more powerful trading experience.
Forex trading is the act of simultaneously buying one currency while selling another, primarily for the purpose of speculation.
Speculate on currencies by buying or selling the exchange rate of one country's currency against another with the aim of making a profit.
It is easy to place your first forex trade with City Index. Find out how you can open an account today in three easy steps.
Forex- also known as foreign exchange or FX- is the world's most widely traded market, turning over $4 trillion each and every day. FX traders try to profit from fluctuations in the exchange rates between currencies, speculating on whether one currency's value, like the pound sterling, will go up or down in relation to another, such as the US dollar.
What makes the FX market so attractive to traders is its high liquidity and dynamic nature. Unlike other markets, FX isn't restricted to physical exchange hours, so the market is open 24-hours a day. At any given time traders worldwide are active in the market, creating an agile marketplace capable of responding quickly to local or global events.
Exchange rates are affected by a whole host of factors, with some of the key considerations being:
All of this means that there are always plenty of opportunities for trading on the FX market. Traders can take up and close multiple positions quickly thanks to the fast pace and unrivalled popularity of the forex market.
your losses are magnified in exactly the same way as your gains if the market moves against
you and can result in losses exceeding your initial outlay. Please ensure you fully understand the risks involved.
*Spread betting and CFD trading are exempt from UK stamp duty. Spread betting is also exempt from UK Capital Gains Tax. However, tax laws are subject to change and depend on individual circumstances. Please seek independent advice if necessary.
+Margin Factor is shown here as a guide only. For the current margin factor applicable to your position please refer to the Market Information on our Trading Platform.
†1 point spreads available on the FTSE 100, Wall Street, Germany 30, France 40 and Australia 200 during market hours on daily funded trades & daily future spread bets and CFDs (excluding futures).
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