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 with a 1.2 pip spread and USD/JPY with a 1 pip spread, GBP/USD with a 1.8 pip spread and EUR/GBP with a 1.6 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 1.2 pip fixed spread and GBP/USD from 1.8 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 1.8 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.
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.
Please note that the above table highlights our average daily spreads for the period of 27th June to 3rd July 2016.
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