At City Index, there are two ways in which you can trade FX with us. We offer a wide range of FX 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 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 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.
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.
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City Index is a trading name of GAIN Capital Australia Pty Ltd.
The material provided herein is general in nature and does not take into account your objectives, financial situation or needs. While every care has been taken in preparing this material, we do not provide any representation or warranty (express or implied) with respect to its completeness or accuracy. This is not an invitation or an offer to invest nor is it a recommendation to buy or sell investments. GAIN Capital recommends you to seek independent financial and legal advice before making any financial investment decision. Trading CFDs and FX on margin carries a higher level of risk, and may not be suitable for all investors. The possibility exists that you could lose more than your initial investment further CFD investors do not own or have any rights to the underlying assets. It is important you consider our Financial Services Guide and Product Disclosure Statement (PDS) available at www.cityindex.com.au, before deciding to acquire or hold our products. As a part of our market risk management, we may take the opposite side of your trade. GAIN Capital Australia Pty Ltd (ACN 141 774 727, AFSL 345646) is the CFD issuer and our products are traded off exchange.