Pricing and Charges

We are upfront about the costs of trading with us and our transparent pricing means you'll always know our charges.

View a full list of pricing and charges at City Index across all of the markets we offer.

  • We offer fixed and variable spreads
  • Our margins start from 3.33%
  • Benchmark financing on Australian markets is Reuters Deposit Rate +/- 2.5%.

Our Trading Charges

Spreads, commissions and margins

City Index is transparent and open about the details of all of our related trading costs so that you know exactly how much you pay when you trade with us.

Spreads (fixed and variable)

We offer both fixed and variable spreads depending on the market you wish to trade. For a list of the spreads available on our most popular markets, see the table above.

Fixed spreads don't change according to market conditions such as volatility or liquidity. Fixed spreads may either be offered for a defined period of the day, or throughout trading hours.

Variable spreads may fluctuate throughout the day according to different factors such as underlying liquidity or market volatility. With variable spreads, City Index will quote you the minimum spread it could be, plus an average spread for a defined historical period of time.

Visit our Help and Support section for more information.

Margin (Step margin)

Margin is the amount of money you need in order to open a position on a market with us. You can find out more about the benefits of trading on margin in our Education section.

The larger the trade size, the higher the risk level associated with the trade. Therefore we may increase our margin requirements for larger size trades or any additional trades in that instrument. Below is an example of how this may work:

CFD quantity Margin
0-1,000 5%
1,000-10,000 10%
10,000-50,000 15%
50,000+ 20%

Order-aware margining

For Professional account holders, some markets on the Advantage Trader platform benefit from orders-aware margining, which means that placing a Stop Loss Order on an open position will reduce the margin required to maintain that position. Information on whether a market includes orders aware margining can be found within the market information sheet.


With the exception of Shares CFDs, all of our CFDs are commission free.

Share CFDs are subject to commission charges which vary by market - see table below:

Market name CFD Spread CFD Commission Minimum
UK shares Market 0.1% £10
European shares Market 0.1% €25
Australian shares Market 0.09% $5 AUD
US shares Market 2 cents $15 USD

Financing charges

Financing is a fee that you pay in order to hold a position open overnight. The daily financing fee will be applied to your account each day that you hold an open position (including weekend days). The financing rates are set at benchmark regional interest rate of +/- 2.5%. The financing rates we charge by territory are:

Country Financing on long positions Financing on short positions
UK SONIA +2.5% SONIA -2.5%
US SOFR +2.5% SOFR -2.5%
EU €STR +2.5% €STR -2.5%
Australia Deposit +2.5% Deposit -2.5%
Other international Contact Client Management Contact Client Management

FX overnight financing

Should you hold a position overnight, there will be an overnight financing adjustment. We use swap points to calculate the daily overnight financing adjustment amount for FX pairs.

Please review the market information sheets in the Advantage Trader platforms for details on further financing charges on FX.

Bitcoin overnight financing charge

Each night you will pay a small financing charge on the exposure of the Bitcoin trade. Please see the Bitcoin FAQ for an example of how changes are calculated.

Funding and withdrawal costs

Transactions involving debit or credit card deposits and transfers will not incur any charges from City Index.

Overseas wire transfers may apply but this will be subject to your own bank's fee schedule.

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Back to base/currency conversion charge

We will apply commercially reasonable rates for Back to Base (Currency Conversions). Conversions and the rates applied will be disclosed on your contract notes and statements.

Guaranteed Stop Loss Orders

There is a charge for placing Guaranteed Stop Loss Orders. GSLOs are not available on all markets. Information on charges and available markets can be found within the markets information sheets on your platform. The exact cost associated with a GSLO will be displayed in platform before you place a trade.

As a guide:

  • UK 100 CFD: 3x quantity of CFDs charged in base currency
  • EUR/USD (per 0.0001) CFD: 4 x quantity of CFDs charged in base currency
  • Barclays share CFD = 0.25% of notional trade value
  • US Crude Oil CFD: 4 x quantity of CFDs charged in base currency

For an in-depth overview of our Guaranteed Stop loss Order offering, please visit our FAQ section.

Futures Rollover discount

Receive a 50% spread discount if you automatically roll a futures contract at expiry. Rollover requests requests are by telephone only. For more information on Future Rollover discounts, visit our CFD Trading page.

Dividend adjustments

CFDs are subject to corporate actions including dividend adjustments. We may make dividend adjustments if a dividend is scheduled to be paid to the holders of the underlying instrument. These adjustments are normally made on the ex-dividend date. Long positions receive adjustments net of tax, whereas short positions are charged the declared amount of gross tax, where applicable.

For more information on US withholding tax on US equity derivative markets, please visit our page on US code section 871(m).

Borrowing cost for shorting CFDs

Borrowing costs are incurred when you short a shares CFD position, and reflect a charge incurred in the underlying market when the underlying asset is borrowed in order to sell and return at a later date. Very few markets will incur a borrowing charge, and to determine whether the market you wish to trade has borrowing costs or not, please check the relevant market information sheet.

Inactivity fees

Where no activity has occurred on your account(s) for a period of 24 months or more, your account(s) will be deemed inactive. 'Activity' is defined as placing a trade and/or maintaining an open position during this period. Placing an order on an account without executing a trade will not qualify as ‘Activity’ for these purposes. A monthly inactivity fee of $15 (or currency equivalent) in aggregate (or your cash balance if less than $15) will be applied for accounts that are inactive for 24 months or more.

If your account has been inactive for 3+ years we'll need to reassess your trading experience and ensure that we have your up-to-date contact details. You will need to complete our account reactivation form and a member of our Account Management Team will be in touch to let you know if we need anything further from you or to let you know that your account(s) have been reactivated.

Italian Financial Transaction Tax

City Index complies with Italian law and we apply the Italian Financial Transaction Tax to all CFD trades on Italian Indices and Italian Equities where relevant. For more information on how this could affect your trading, please contact our Client Management Team.

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