We know that one of the most important aspects of forex trading is spreads. That’s why at City Index we are dedicated to offering you the tightest spreads possible from just 0.5 pts.
We want to offer our FX traders the tightest possible FX spreads around the clock. We believe that the best way to offer tight FX spreads is by offering variable spreads. That's why we offer tight variable spreads for the most popular traded currency pairs such as AUD/USD, EUR/USD and USD/JPY.
Tight variable spreads for our range of FX pairs mean that our clients can trade with peace of mind, knowing that even in the most volatile market conditions, where spreads can widen excessively, they can continue to enjoy the same spreads. Equally, traders of minor or exotic FX pairs can trade with the knowledge that for these specific pairs, our forex spreads will be capped at specific levels, even during periods of low market liquidity.
Slippage is common in the forex markets, particularly when prices are moving quickly. One of the downsides of slippage is that if a price moves by the time your trade is placed into the market, your execution price could be slightly worse.
What is Slippage? The difference between the expected opening price of a trade and the price at which the trade actually executes is called slippage. Slippage, also known as market gapping, often occurs during periods of higher volatility, when market orders are used, and also when large orders are executed when there may not be enough interest at the desired price level to maintain the expected price of trade.
Making the Most of Slippage: At City Index, our Price Improvement Technology makes it possible for us to give you a better price, where possible, so you can use slippage to your advantage whenever it occurs. Price Improvement Technology enables us to execute trades at better levels if prices move in your favour by the time your trade is placed.
For example, if the EUR/USD bid or sell price is 1.3235 when the trade is executed and the price improves to 1.3236 (one pip improvement), the trade will be executed at the improved price of 1.3236 to give you another distinct advantage over other retail forex traders.
The City Index Advantage Web online forex trading platform, Advantage Trader downloadable platform and trading apps for Android mobiles and tablets have been designed to give you the fighting edge over other forex traders. Find out more about our forex trading platforms.
Get $100 credit with your first CFD trade*.*T&Cs apply.
City Index is a trading name of GAIN Capital Australia Pty Ltd.
*$100 credit off Terms & Conditions.
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.