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 60 spot and futures currency pairs, including major, minor and exotic currency pairs. 

    We offer tight spreads on over 40 spot currency pairs, as well as over 20 futures currency pairs, including sterling/dollar, dollar/yen, euro/dollar and more. 

    Our most popular markets are GBP/USD, EUR/USD and USD/JPY. We offer fixed tight spreads from 1 pip for some of the major FX pairs during our most actively traded market hours and capped variable spreads, so you can trade with our tightest possible spreads. Details of the spreads can be found under Forex Trading / Forex Markets and Spreads.

    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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