Forex

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    Fixed FX spreads - including EUR/USD from 1 pip and GBP/USD from 1.5 pips during our fixed spreads hours

    • Trade currency pairs as a spread bet, CFD or margined forex product
    • Trade FX via our full suite of platforms and apps including our 'enhanced' MT4 platform
    • Control your slippage with price tolerance

    At City Index, there are three ways in which you can trade FX with us. We offer a wide range of FX pairs via our spread bet, CFD and MT4 account, offering you the flexibility to choose a product that is best suited to your trading strategy.

    We offer tight spreads on currencies including sterling, US dollar, yen, euro, Swiss franc, Canadian and Australian dollars as well as a number of other currencies around the world.

    You can trade EUR/USD and USD/JPY with a 1 pip spread, GBP/USD with a 1.5 pip spread and EUR/GBP with a 1.3 pip spread during our fixed spread hours (8.00am to 6.30pm).

    We offer capped variable spreads outside our fixed spreads hours, so you can enjoy tight spreads even at times when underlying market spreads widen excessively. Our capped variable spreads include EUR/USD from 0.8 pips and GBP/USD from 1 pip.

    Trade currency pairs as margined FX (MT4 account)

    Currencies are one of the most widely traded market in the world. We offer tight spreads on a wide range of currency pairs including majors, minors and exotics.

    Our MT4 account offers all the benefits of the powerful MT4 platform, such as expert advisors, one-click dealing and a professional charting package. You can also enjoy customisable leverage and access your FX trades via our mobile and tablet apps – features that are available exclusively to City Index FX clients.

    Trade currency pairs as a spread bet or CFD (spread bet or CFD account)

    Our spread bet and CFD accounts enable you to take a position on thousands of individual markets, including currencies. You can trade EUR/USD from a 1 pip fixed spread and GBP/USD from 1.5 pips.

    We also offer daily options on a number of currency pairs, starting from just £1 per point on EUR/USD, GBP/USD and USD/JPY. Our expiry time for daily forex options is 8.00pm (London time). Find out more about daily FX options.

     

    Fixed spread market information

    You can trade the forex pairs in our table below with tight fixed spreads between 8.00am and 6.30pm (our fixed spreads hours). This means that even if underlying spreads widen to 3 pips on GBP/USD, you can still trade it with a fixed 1.5 pip spread during our fixed spreads hours.

    Commonly traded forex pairs are traditionally divided into two groups related to popularity and liquidity: majors and minors.

      Margin
    Forex Pair Fixed Spread Hours Spread Hours Spread Betting/CFD (from) MT4
    EUR/USD
    The euro against the US dollar
    8.00am - 6.30pm 1 pip 24 hrs / day 0.5% 20:1 - 200:1
    GBP/USD
    The British pound against the US dollar (also known as Cable)
    8.00am - 6.30pm 1.5 pip 24 hrs / day 0.5% 20:1 - 20:1
    USD/JPY
    The US dollar against the Japanese yen
    8.00am - 6.30pm 1 pip 24 hrs / day 0.5% 20:1 - 200:1
    EUR/JPY
    The euro against the Japanese yen
    8.00am - 6.30pm 1.5 pip 24 hrs / day 0.5% 20:1 - 200:1
    AUD/USD
    The Australian dollar against the US dollar (also known as Aussie)
    8.00am - 6.30pm 1.4 pip 24 hrs / day 0.5% 20:1 - 200:1
    EUR/GBP
    The euro against the British pound
    8.00am - 6.30pm 1.3 pip 24 hrs / day 0.5% 20:1 - 200:1
    USD/CAD
    The US dollar against the Canadian dollar (also known as Loonie)
    8.00am - 6.30pm 1.5 pip 24 hrs / day 0.5% 20:1 - 200:1
    NZD/USD
    The New Zealand dollar against the US dollar
    8.00am - 6.30pm 1.5 pip 24 hrs / day 0.5% 20:1 - 100:1

    Capped variable spreads

    Outside of our fixed spreads hours for the most popular FX pairs, we operate capped variable spreads. All FX pairs not included within our fixed spreads hours (as noted in the above table) operate as capped variable spreads 24 hours a day.

    We've listed below all of the key spreads and prices associated with our forex markets, including spreads, cap levels, minimum and maximum leverage ratios and minimum deal sizes.

      Margin
    Forex Pair Spread Pricing Our Lowest Spread Average Spreads Spread Betting/CFD (from) MT4
    AUD/CAD
    The Australian dollar against the Canadian dollar
    Capped Variable Spread  3.5 pips 4.6 pips 0.5% 20:1 - 100:1
    AUD/CHF
    The Australian dollar against the Swiss franc
    Capped Variable Spread  1.8 pips 2.9 pips 1% 20:1 - 50:1
    AUD/CNH
    The Australian dollar against the Chinese yuan
    Capped Variable Spread  10.0 pips 19.2 pips 5% 20:1 - 100:1
    AUD/JPY
    The Australian dollar against the Japanese yen
    Capped Variable Spread  2.2 pips 2.9 pips 0.5% 20:1 - 100:1
    AUD/NZD
    The Australian dollar against the New Zealand dollar
    Capped Variable Spread  3.7 pips 5.1 pips 1% 20:1 - 100:1
    AUD/SGD
    The Australian dollar against the Singapore dollar
    Capped Variable Spread  7.3 pips 9.0 pips 1% 20:1 - 100:1
    CAD/CHF
    The Canadian dollar against the Swiss franc
    Capped Variable Spread  2.0 pips 3.2 pips 1% 20:1 - 50:1
    CAD/JPY
    The Canadian dollar against the Japanese yen
    Capped Variable Spread  3.6 pips 4.3 pips 0.5% 20:1 - 50:1
    CHF/JPY
    The Swiss franc against the Japanese yen
    Capped Variable Spread  2.0 pips 3.2 pips 1% 20:1 - 50:1
    CNH/JPY
    The Chinese yuan against the Japanese yen
    Capped Variable Spread  100.0 pips 123.6 pips 5% 20:1 - 100:1
    EUR/AUD
    The euro against the Australian dollar
    Capped Variable Spread  3.1 pips 4.2 pips 0.5% 20:1 - 100:1
    EUR/CAD
    The euro against the Canadian dollar
    Capped Variable Spread  3.9 pips 5.1 pips 0.5% 20:1 - 100:1
    EUR/CHF
    The euro against the Swiss franc
    Capped Variable Spread 1.5 pips 2.4 pips 1% 20:1 - 100:1
    EUR/CNH
    The euro against the Chinese yuan
    Capped Variable Spread  10.0 pips 18.4 pips 5% 20:1 - 100:1
    EUR/CZK
    The euro against the Czech Koruna
    Capped Variable Spread  25.0 pips 31.8 pips 5% 20:1 - 50:1
    EUR/DKK
    The euro against the Danish krone
    Capped Variable Spread  14.0 pips 15.4 pips 5% 20:1 - 50:1
    EUR/HKD
    The euro against the Hong Kong dollar
    Capped Variable Spread  13.0 pips 15.4 pips 5% 20:1 - 100:1
    EUR/HUF
    The euro against the Hungarian forint
    Capped Variable Spread  20.0 pips 32.0 pips 5% 20:1 - 50:1
    EUR/MXN
    The euro against the Mexican peso
    Capped Variable Spread  150.0 pips 186.8 pips 1% 20:1 - 50:1
    EUR/NOK
    The euro against the Norwegian krone
    Capped Variable Spread  20.0 pips 40.5 pips 1% 20:1 - 100:1
    EUR/NZD
    The euro against the New Zealand dollar
    Capped Variable Spread  4.9 pips 7.7 pips 1% 20:1 - 100:1
    EUR/PLN
    The euro against the Polish zloty
    Capped Variable Spread  20.0 pips 29.0 pips 5% 20:1 - 50:1
    EUR/SEK
    The euro against the Swedish krona
    Capped Variable Spread  20.0 pips 36.3 pips 1% 20:1 - 100:1
    EUR/SGD
    The euro against the Singapore dollar
    Capped Variable Spread  6.0 pips 8.1 pips 1% 20:1 - 50:1
    EUR/TRY
    The euro against the Turkish lira
    Capped Variable Spread  15.0 pips 23.3 pips 1% 20:1 - 50:1
    EUR/ZAR
    The euro against the South African rand
    Capped Variable Spread  60.0 pips 103.3 pips 1% 20:1 - 100:1
    GBP/AUD
    The British pound against the Australian dollar
    Capped Variable Spread  3.5 pips 5.2 pips 0.5% 20:1 - 100:1
    GBP/CAD
    The British pound against the Canadian dollar
    Capped Variable Spread  6.0 pips 7.0 pips 0.5% 20:1 - 100:1
    GBP/CHF
    The British pound against the Swiss franc
    Capped Variable Spread  2.8 pips 4.5 pips 1% 20:1 - 100:1
    GBP/DKK
    The British pound against the Danish krone
    Capped Variable Spread  40.0 pips 49.1 pips 5% 20:1 - 50:1
    GBP/JPY
    The British pound against the Japanese yen
    Capped Variable Spread  2.7 pips 3.9 pips 0.5% 20:1 - 100:1
    GBP/MXN
    The British pound against the Mexican peso
    Capped Variable Spread 150 pips 219.2 pips 1% 20:1 - 50:1
    GBP/NOK
    The British pound against the Norwegian krone
    Capped Variable Spread  54.5 pips 104.6 pips 1% 20:1 - 100:1
    GBP/NZD
    The British pound against the New Zealand dollar
    Capped Variable Spread  5.0 pips 9.8 pips 1% 20:1 - 100:1
    GBP/PLN
    The British pound against the Polish zloty
    Capped Variable Spread  30.0 pips 53.8 pips 5% 20:1 - 50:1
    GBP/SEK
    The British pound against the Swedish krona
    Capped Variable Spread  55.0 pips 93.4 pips 1% 20:1 - 100:1
    GBP/SGD
    The British pound against the Singapore dollar
    Capped Variable Spread  8.0 pips 11.3 pips 1% 20:1 - 100:1
    GBP/ZAR
    The British pound against the South African rand
    Capped Variable Spread  200 pips 313.9 pips 1% 20:1 - 100:1
    NOK/SEK
    The Norwegian krona against the Swedish krona
    Capped Variable Spread  15.0 pips 19.9 pips 1% 20:1 - 100:1
    NZD/CAD
    The New Zealand dollar against the Canadian dollar
    Capped Variable Spread  3.0 pips 4.6 pips 1% 20:1 - 100:1
    NZD/CHF
    The New Zealand dollar against the Swiss franc
    Capped Variable Spread  4.8 pips 6.2 pips 1% 20:1 - 50:1
    NZD/JPY
    The New Zealand dollar against the Japanese yen
    Capped Variable Spread  2.9 pips 4.0 pips 1% 20:1 - 50:1
    SGD/HKD
    The Singapore dollar against the Hong Kong dollar
    Capped Variable Spread  30.0 pips 37.2 pips 5% 20:1 - 100:1
    SGD/JPY
    The Singapore dollar against the Japanese yen
    Capped Variable Spread  5.0 pips 6.0 pips 1% 20:1 - 50:1
    USD/CHF
    The US dollar against the Swiss franc (also known as dollar swissy)
    Capped Variable Spread 1.3 pips 2.2 pips 0.5% 20:1 - 200:1
    USD/CNH
    The US dollar against the Chinese yuan
    Capped Variable Spread  5.0 pips 7.1 pips 5% 20:1 - 200:1
    USD/CZK
    The US dollar against the Czech koruna
    Capped Variable Spread  35.0 pips 44.0 pips 5% 20:1 - 50:1
    USD/DKK
    The US dollar against the Danish krone
    Capped Variable Spread  17.8 pips 20.0 pips 5% 20:1 - 50:1
    USD/HKD
    The US dollar against the Hong Kong dollar
    Capped Variable Spread  13.0 pips 13.0 pips 5% 20:1 - 200:1
    USD/HUF
    The US dollar against the Hungarian forint
    Capped Variable Spread  20.0 pips 32.0 pips 5% 20:1 - 50:1
    USD/MXN
    The US dollar against the Mexican peso
    Capped Variable Spread  50.0 pips 72.2 pips 1% 20:1 - 200:1
    USD/NOK
    The US dollar against the Norwegian krone
    Capped Variable Spread  20.0 pips 39.1 pips 1% 20:1 - 100:1
    USD/PLN
    The US dollar against the Polish zloty
    Capped Variable Spread  20.0 pips 28.6 pips 5% 20:1 - 50:1
    USD/SEK
    The US dollar against the Swedish krona
    Capped Variable Spread  30.0 pips 45.7 pips 1% 20:1 - 100:1
    USD/SGD
    The US dollar against the Singapore dollar
    Capped Variable Spread  4.0 pips 4.7 pips 1% 20:1 - 50:1
    USD/TRY
    The US dollar against the Turkish lira
    Capped Variable Spread  15.0 pips 18.6 pips 1% 20:1 - 50:1
    USD/ZAR
    The US dollar against the South African rand
    Capped Variable Spread  100.0 pips 125.0 pips 1% 20:1 - 200:1

    Please note that the above table highlights our average daily spreads for the period of 3rd to 7th August 2015.

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