Forex

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

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

    At City Index, there are two ways in which you can trade forex with us. We offer a wide range of Forex pairs via our 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 (5.00pm to 3.30am).

    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 forex (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 Forex trades via our mobile and tablet apps – features that are available exclusively to City Index clients.

    Trade currency pairs as a CFD (CFD account)

    Our 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.

     

    Fixed spread market information

    You can trade the forex pairs in our table below with tight fixed spreads between 5.00pm and 3.30am (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.

    Forex Pair Fixed Spread Hours Spread Minimum Leverage Ratio Maximum Leverage Ratio Minimum Trade Size
    EUR/USD
    The euro against the US dollar
    5.00pm - 3.30am 1 pip 20:01 up to 200.1 1,000
    GBP/USD
    The British pound against the US dollar (also known as Cable)
    5.00pm - 3.30am 1.5 pip 20:01 up to 200.1 1,000
    USD/JPY
    The US dollar against the Japanese yen
    5.00pm - 3.30am 1 pip 20:01 up to 50.1 1,000
    EUR/JPY
    The euro against the Japanese yen
    5.00pm - 3.30am 1.5 pip 20:01 up to 200.1 1,000
    AUD/USD
    The Australian dollar against the US dollar (also known as Aussie)
    5.00pm - 3.30am 1.4 pip 20:01 up to 200.1 1,000
    EUR/GBP
    The euro against the British pound
    5.00pm - 3.30am 1.3 pip 20:01 up to 200.1 1,000
    USD/CAD
    The US dollar against the Canadian dollar (also known as Loonie)
    5.00pm - 3.30am 1.5 pip 20:01 up to 200.1 1,000

    Capped variable spreads

    Outside of our fixed spreads hours for the most popular forex 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.

    Forex Pair Spread Our Lowest Spread Maximum Capped Spread Minimum Leverage Ratio Maximum Leverage Ratio Minimum Trade Size
    AUD/CAD
    The Australian dollar against the Canadian dollar
    Capped Variable Spread 3.5 pips 3.9 pips 20:01 100:1 1,000
    AUD/CHF
    The Australian dollar against the Swiss franc
    Capped Variable Spread 3.5 pips 3.9 pips 20:01 50:1 1,000
    AUD/CNH
    The Australian dollar against the Chinese yuan
    Capped Variable Spread  10.0 pips 23.0 pips 20:01 100:1 1,000
    AUD/JPY
    The Australian dollar against the Japanese yen
    Capped Variable Spread  2.2 pips 3.7 pips 20:01 100:1 1,000
    AUD/NZD
    The Australian dollar against the New Zealand dollar
    Capped Variable Spread  7.4 pips 8.9 pips 20:01 100:1 1,000
    AUD/SGD
    The Australian dollar against the Singapore dollar
    Capped Variable Spread  7.3 pips 10.3 pips 20:01 100:1 1,000
    CAD/JPY
    The Canadian dollar against the Japanese yen
    Capped Variable Spread  3.6 pips 3.8 pips 20:01 50:1 1,000
    CHF/JPY
    The Swiss franc against the Japanese yen
    Capped Variable Spread  2.8 pips 3.8 pips 20:01 50:1 1,000
    CNH/JPY
    The Chinese yuan against the Japanese yen
    Capped Variable Spread  20.0 pips 54.9 pips 20:01 50:1 1,000
    EUR/AUD
    The euro against the Australian dollar
    Capped Variable Spread  3.1 pips 4.2 pips 20:01 100:1 1,000
    EUR/CAD
    The euro against the Canadian dollar
    Capped Variable Spread  4.9 pips 6.9 pips 20:01 100:1 1,000
    EUR/CHF
    The euro against the Swiss franc
    Capped Variable Spread 1.5 pips 2.8 pips 20:01 100:1 1,000
    EUR/HKD
    The euro against the Hong Kong dollar
    Capped Variable Spread  8.0 pips 19.0 pips 20:01 100:1 1,000
    EUR/NZD
    The euro against the New Zealand dollar
    Capped Variable Spread  9.9 pips 12.7 pips 20:01 100:1 1,000
    EUR/PLN
    The euro against the Polish zloty
    Capped Variable Spread  20.0 pips 28.7 pips 20:01 50:1 1,000
    EUR/SGD
    The euro against the Singapore dollar
    Capped Variable Spread  14.0 pips 18.0 pips 20:01 50:1 1,000
    GBP/AUD
    The British pound against the Australian dollar
    Capped Variable Spread  6.7 pips 7.9 pips 20:01 100:1 1,000
    GBP/CAD
    The British pound against the Canadian dollar
    Capped Variable Spread  6.0 pips 7.5 pips 20:01 100:1 1,000
    GBP/CHF
    The British pound against the Swiss franc
    Capped Variable Spread  3.0 pips 4.2 pips 20:01 100:1 1,000
    GBP/JPY
    The British pound against the Japanese yen
    Capped Variable Spread  2.7 pips 3.8 pips 20:01 100:1 1,000
    GBP/PLN
    The British pound against the Polish zloty
    Capped Variable Spread  20.0 pips 28.7 pips 20:01 50:1 1,000
    GBP/SGD
    The British pound against the Singapore dollar
    Capped Variable Spread  8.0 pips 11.2 pips 20:01 50:1 1,000
    HKD/JPY
    The Hong Kong dollar against the Japanese yen
    Capped Variable Spread  10.0 pips 26.7 pips 20:01 50:1 1,000
    NZD/CHF
    The New Zealand dollar against the Swiss franc
    Capped Variable Spread  4.8 pips 6.3 pips 20:01 50:1 1,000
    NZD/JPY
    The New Zealand dollar against the Japanese yen
    Capped Variable Spread  3.8 pips 4.4 pips 20:01 50:1 1,000
    NZD/USD
    The New Zealand dollar against the US dollar
    Capped Variable Spread  2.1 pips 2.1 pips 20:01 100:1 1,000
    SGD/JPY
    The Singapore dollar against the Japanese yen
    Capped Variable Spread  5.0 pips 6.0 pips 20:01 50:1 1,000
    USD/CHF
    The US dollar against the Swiss frank
    Capped Variable Spread  1.3 pips 2.4 pips 20:01 200:1 1,000
    USD/CNH
    The US dollar against the Chinese yuan
    Capped Variable Spread  5.0 pips 10.1 pips 20:01 200:1 1,000
    USD/HKD
    The US dollar against the Hong Kong dollar
    Capped Variable Spread  3.0 pips 3.2 pips 20:01 200:1 1,000
    USD/PLN
    The US dollar against the Polish zloty
    Capped Variable Spread  25.0 pips 25.8 pips 20:01 50:1 1,000
    USD/SGD
    The US dollar against the Singapore dollar
    Capped Variable Spread  4.0 pips 4.9 pips 20:01 50:1 1,000
    USD/ZAR
    The US dollar against the South African rand
    Capped Variable Spread  100.0 pips 119.0 pips 20:01 50:1 1,000

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