Trade Bitcoin with
City Index

Trade Bitcoin with a Spread Betting or CFD Trading account.

Take advantage of Bitcoin volatility without owning it.

  • Go long or short on Bitcoin
  • Trade from 10p a point
  • $70 Fixed spreads and competitive financing
Trade Now
Not quite ready? Try a demo account.
Trade Now
Not quite ready? Try a demo account.

Create an account in minutes

APPLY

complete our application form

FUND

using your card or bank transfer

TRADE

on our fast, powerful platforms
Create an Account

Why Trade Bitcoin with City Index?

Go long or short

Short the market to profit from falling prices

Trade on Bitcoin volatility

No need to own it or have an exchange account

Tax efficient trading

Pay no UK Capital Gains Tax or Stamp Duty*

Trade on leverage

Trade Bitcoin with a relatively small initial investment
Spread Bet Bitcoin from 10p a point.

How to Trade Bitcoin

Chose a product type
You can trade Bitcoin at City Index as a Spread Bet or CFD.

Decide when to Buy or Sell
When you trade Bitcoin at City Index you do not own any underlying Bitcoin assets. You are speculating on the price movements between Bitcoin and the USD.

Manage you risk exposure
Add a Stop Loss Order to protect your position should the market suddenly move against you.

Monitor and close your trade
Once you have placed your trade your profit and loss will update in real time and you can close your trade by clicking "Close trade".

Learn More
Test drive a trading account
Trade Bitcoin risk-free with a demo account

Risk of Bitcoin trading

Bitcoin is a highly volatile market. The heightened volatility brings opportunity, but also a greater degree of risk, so understanding the market and managing your risk carefully with the use of stops and limits is crucial when trading Bitcoin. Like with any market, make sure you do your research and understand how and why the price of Bitcoin moves before you start trading.

What is the City Index policy on Bitcoin forking?

In the event that the current bitcoin splits into two, new bitcoins are created, this is known as a hard fork. We will generally follow the bitcoin that has the majority consensus of cryptocurrency users and will therefore use this as the basis for our prices. In addition we will also consider the approach adopted by the exchanges we deal with, which will help determine the action we take.

We reserve the right to determine which cryptocurrency unit has the majority consensus behind them.

As the hard fork results in a second cryptocurrency, we reserve the right to create an equivalent position on client accounts to reflect this. However, this action is taken at our absolute discretion, and we have no obligation to do so.

If the second cryptocurrency is tradeable on major exchanges, which may or may not include the exchanges we deal with, we may choose to represent that value, but have no obligation to do so. We may do this by making the product available to close based on the valuation, or by booking a cash adjustment on client accounts.

If, within a reasonable timeframe, the second cryptocurrency does not become tradeable, then we may void positions that had previously been created at no value on client accounts.

Over periods of substantial price volatility around fork events, and we may take any action as we consider necessary in accordance with our terms and conditions including suspending trading throughout if we deem not to have reliable prices from the underlying market.