Pricing and Charges We are upfront about the costs of trading with us and our transparent pricing means you’ll always know our charges. Featured Site City Index Open FREE Account... more" />

Pricing and Charges

Pricing and Charges

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

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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 0.5%
Benchmark UK financing is LIBOR +-2.5%

Spreads and Margins

Spread Betting

Indices

Market name Min. spread (fixed) Min. spread hours (UK) Margin from
UK 100 1 point 08:00 – 16:30 0.5%
Wall St 1.6 points 14:30 – 21:15 0.5%
Germany 30 1 point 08:00 – 16:30 0.5%
Australia 200 1 point 21:15 – 05:30 0.5%
France 40 1 point 07:00 – 21:00 0.5%

Shares

Share Spread each side (DFT) Margin from
Barclays 0.1% 4%
Rio Tinto 0.1% 4%
Deutsche Bank 0.1% 5%
Apple Inc 4 cents 5%
Amazon 4 cents 5%

Forex

FX Pair Minimum spread Average spread Margin from
EUR/USD 0.5 0.69 0.5%
AUD/USD 0.5 0.73 0.5%
USD/JPY 0.5 0.77 0.5%
GBP/USD 0.8 1.22 0.5%
EUR/GBP 0.8 1.08 0.5%

Commodities

Market name Spread Spread pricing Margin from
US Crude Oil 0.4 points (around market) Around market spread 1%
UK Crude Oil 5 points Fixed 1%
Coffee 0.9 points Fixed 3%
Sugar 0.06 points Fixed 3%
Natural Gas 18 points Around market spread 3%

Metals

Market name Min. spread (around market spread) Min. spread hours (UK) Margin from
Gold 0.3 points 23:00 – 22:15 0.5%
Silver 2.0 points 23:00 – 22:15 0.5%
Copper 40 points 23:00 – 22:15 0.5%
Platinum 2.4 points 23:00 – 22:15 0.5%

Bonds

Market name  Min. spread (fixed) Min. spread hours (UK) Margin from
UK Long Gilt  .03 points 08:00 – 18:00 0.5%
Euro Bund  .03 points 07:00 – 21:00 1%
US T-Bond  .02 points 23:00 – 22:00 0.5%
US T-Note  .02 points 23:00 – 22:00 0.25%

Interest Rates

Market name  Min. spread (fixed) Min. spread hours (UK) Margin from
Short Sterling 3mnth .02 points 07:30 – 18:00 0.25%
Eurodollar .02 points 23:00 – 22:00 0.25%
Euribor 3mnth .02 points 01:00 – 21:00 0.25%

CFDs

Indices

Market name Min. spread (fixed) Min. spread hours (UK) Margin from
UK 100 1 point 08:00 – 16:30 0.5%
Wall St 1.6 points 14:30 – 21:15 0.5%
Germany 30 1 point 08:00 – 16:30 0.5%
Australia 200 1 point 21:15 – 05:30 0.5%
France 40 1 point 07:00 – 21:00 0.5%

Shares

Share CFD spread CFD commission / minimum Margin from
Barclays Market 0.1% / £10 4%
Rio Tinto Market 0.1% / £10 4%
Deutsche Bank Market 0.1% / €25 5%
Apple Inc Market 0.15% / $25 5%
Amazon Market 0.15% / $25 5%

Forex

FX Pair Minimum spread Average spread Margin from
EUR/USD 0.5 0.69 0.5%
AUD/USD 0.5 0.73 0.5%
USD/JPY 0.5 0.77 0.5%
GBP/USD 0.8 1.22 0.5%
EUR/GBP 0.8 1.08 0.5%

Commodities

Market name Spread Spread pricing Margin from
US Crude Oil 0.4 points Around market spread 1%
UK Crude Oil 5 points Fixed 1%
Coffee 0.9 points Fixed 3%
Sugar 0.06 points Fixed 3%
Natural Gas 18 points Around market spread 3%

Metals

Market name Min. spread (around market spread) Min. spread hours (UK) Margin from
Gold 0.3 points 23:00 – 22:15 0.5%
Silver 2.0 points 23:00 – 22:15 0.5%
Copper 40 points 23:00 – 22:15 0.5%
Platinum 2.4 points 23:00 – 22:15 0.5%

Bonds

Market name  Min. spread (fixed) Min. spread hours (UK) Margin from
UK Long Gilt  .03 points 08:00 – 18:00 0.5%
Euro Bund  .03 points 07:00 – 21:00 1%
US T-Bond  .02 points 23:00 – 22:00 0.5%
US T-Note  .02 points 23:00 – 22:00 0.25%

Interest Rates

Market name  Min. spread (fixed) Min. spread hours (UK) Margin from
Short Sterling 3mnth 20 points 07:30 – 18:00 0.25%
Eurodollar .02 points 23:00 – 22:00 0.25%
Euribor 3mnth .02 points 01:00 – 21:00 0.25%

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.

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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 margin and leverage as well as 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:

Spread Bet stake size CFD stake size Margin
£0-£10 0-1,000 5%
£10-£100 1,000-10,000 10%
£100-£500 10,000-50,000 15%
£500+ 50,000+ 20%

Order-aware margining

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.

Commission

We charge zero commission when you Spread Bet at City Index. There is also no commission charged for CFD Trading, the only exception being Shares CFD Trading.

See the table below for details of the commission we charge on Shares CFD Trading.

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Market name CFD Spread CFD Commission Minimum
UK shares Market 0.1% £10
European shares Market 0.1% €25
Australian shares Market 0.08% $5 AUD
Asian shares Market 0.08% $10 SGD
US shares Market 0.15% $25 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 LIBOR +2.5% LIBOR -2.5%
US LIBOR +2.5% LIBOR -2.5%
EU LIBOR +2.5% LIBOR -2.5%
Australia RBA IOCR +2.5% RBA IOCR -2.5%
Other international Contact Client Management Contact Client Management

FX overnight financing charge

Each night you will pay a small financing charge on the exposure of the Forex trade, including the amount that has been effectively borrowed in order to trade the full position.

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

Funding and withdrawal costs

Transactions involving debit card deposits and transfers do not incur any charges. We charge a 1.5% fee to process all credit card deposits. We do not make charges to withdraw money to your credit, debit card or a bank transfer using BACS. If you wish to receive same day payment using a CHAPS bank transfer, there will be a £25 charge.

Back to base/currency conversion charge

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

Spread betting accounts are not affected because all trades take place in one base currency, usually sterling.

Exchange data fees

We do not charge exchange data fees.

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: 3 times quantity
  • EUR/USD (per 0.0001) CFD: 4 times quantity
  • Barclays share CFD = 0.4% of trade value
  • US Crude Oil CFD: 4 times quantity

Futures Rollover discount

Receive a 50% spread discount if you automatically roll a futures contract at expiry. When you Spread Bet this can be done automatically in platform. CFD requests are by telephone only. For more information on Future Rollover discounts, visit our CFD Trading and Spread Betting costs page.

Dividend adjustments

CFDs and Spread Bets 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.

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.

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Central clearing

Individual Segregated Clearing Account (ISCA):

  • For an individual these charges are: £13,000 account opening fee, plus account maintenance and transaction charges
  • For a corporate entity these charges are: £200,000 account opening fee, plus account maintenance and transaction charges

For more information on OSCA and ISCA accounts, visit our Help and Support section.

Inactivity fees

A monthly inactivity fee of £25 (or equivalent to your cash balance if less than £25) will be applied to accounts that are inactive for 12 months or more.

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