CFD Currencies

  • FX trading is one of the most widely traded markets in the world and with City Index, you can take a position on over 65 global currency pairs, including major, minor and exotic currency pairs.

    We offer tight spreads from just 0.5pts on Major FX pairs like EUR/USD, AUD/USD and USD/JPY. Other majors including GBP/USD and EUR/GBP are prices just 0.8pts.

    Currencies CFD Trading Example

    Let's say our current GBP/USD CFD price is 1.5021/1.5023 (sell price/buy price). Note GBP/USD CFD tick value is 0.0001.

    Going Long

    You expect sterling to strengthen (sterling appreciates) against the US dollar and decide to buy (go long) 2 CFDs 1.5023.

    You were right: As you anticipated, sterling strengthens against the dollar, and when it reaches 1.5210 you decide to cash in your profits. Our new GBP/USD CFD price is 1.5210/1.5212 and you sell 2 CFDs at 1.5210.

    Result: You bought at 1.5023 and sold at 1.5210, a rise of 187 points (pips), which at 2 CFDs nets you a profit of $374 (1.5210 – 1.5023 x 2 CFDs).

    Alternative scenario: If however, sterling had weakened (sterling depreciates) against the US dollar to 1.4836, you would net a $374 loss (1.5023 - 1.4836 x 2 CFDs).

    Going Short

    You expect sterling to weaken (sterling depreciates) against the US dollar and decide to sell (go short) 2 CFDs at 1.5020.

    You were right: As you anticipated, sterling weakens against the dollar, and when it reaches 1.4860 you decide to cash in your profits. Our new price is 1.4858/1.4860 and you buy back 2 CFDs at 1.4860.

    Result: You sold at 1.5020 and bought back at 1.4860, a fall of 160 points (pips), which at 2 CFDs nets you a profit of $320 (1.5020 – 1.4860 x 2 CFDs).

    Alternative scenario: If however, sterling had strengthened (sterling appreciates) against the US dollar to 1.5180, you would net a $320 loss (1.5180 - 1.5020 x 2 CFDs).

    For the purpose of simplicity, commission, financing charges and payments have been omitted from these illustrations. Find out more about our financing charges.

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