CFD commissions and pricing

City Index CFDs offer you a cost-effective way to access the markets of your choice. In every market we cover, City Index offers highly competitive spreads and charges.

Spreads

The spread is the gap between the prices at which you go long or short on a particular market. If you are offered a spread on the ASX 200 Index of 4150/4155, that 2-point gap separates the price above which you will profit from a rise if you go long from the one below which you will profit from a fall if you go short. Go long, and you will profit from every point that the ASX 200 reaches above 4155. Go short, and you will profit from every point that it falls below 4150.

City Index quotes narrow spreads across all the index markets it covers, offering you the maximum opportunity to profit from your predictions for market movements, whether you are going long or short.

Dividend adjustments

The ASX 200 CFD and other cash 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 ASX 200 Index will (everything else being equal) open at a lower level on this date as some of the constituent members go ex-dividend. A dividend adjustment is credited to long CFD positions and debited from short CFD positions.

Commission on equity CFDs

Our equity prices mirror the underlying market prices of the shares themselves. Because there is no spread beyond the market bid / offer prices, we charge a small commission on each equity CFD trade. Specific costs for these can be found in the Product Disclosure Statement.

Financing charges

Overnight financing charges are applied on rolling positions – positions that have no set expiry and close only when you choose. As with our spreads, these charges are set to maximise your investment potential.

On Australian equities positions, for example, overnight long rolling positions will be debited a financing charge of RBA IOCR + 2%, while short rolling positions will be credited finance of RBA IOCR - 2%. Similarly competitive rates are applied across all markets.

Further Information

More information can be found in our Product Disclosure Statement.

City Index Limited (ABN 33 072 653 468) holds the Australian Financial Services Licence number 336957.
You should read and consider our Product Disclosure Statement (PDS) before making any decision to deal in City Index products, which are derivatives. Derivatives can be highly leveraged; they can carry a high level of risk, and are not suitable for all investors.