Forex Trading

Trade Forex like EUR/USD, AUD/USD and USD/JPY at City Index with fast execution and tight spreads.

Forex is the world's most liquid and heavily traded market with over $5 trillion traded daily.

  • Tight spreads from 0.5 points
  • Trade on 84 global FX pairs
  • FX margins from 2%
Enjoy tight spreads from 0.5pts on major FX pairs

Trade on 84 currency pairs

Choice of FX accounts

Trade FX with our CFD account or with an MT4 account

Tight spreads

From 0.5 points on EUR/USD, AUD/USD and 0.8 on GBP/USD

Major, minor and exotics

Offered as spot FX or CFD contracts

24 hour trading

FX markets are open 24 hours a day meaning greater flexibility and access

Trade wherever you are, on our fast, reliable platforms

Customisable charts

16 chart types with 80+ indicators designed to help you perform technical analysis

Powerful platforms

Our powerful technology is designed to suit you, whatever your level of trading expertise

Actionable trade ideas

Our research portal highlights trade ideas using fundamental and technical analysis

Trade anytime, anywhere

Follow the markets on native apps built specifically for your smartphone and tablet
City Index Trading Platform
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Indices

17 global Indices

Shares

4500+ global Shares

Forex

84 FX pairs

Commodities

26 global Commodities

Metals

5 global Metals

How to trade Forex

City Index offers two ways to trade Forex; as a CFD or spot Forex on MT4. The majority of our customers choose to trade FX as a CFD as our CFD accounts provide access to other asset classes such as Indices, Shares and Commodities. We recommend our spot Forex account only if you wish to trade on MT4 trading platform.

FX CFDs

Trade on
FX, Indices, Shares and Commodities & metals

Commission
Commission free apart from shares

Platform
Web, mobile and advanced platforms

Demo
Yes

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FX on MT4

Trade On
Spot FX and Indices

Commission
Commission free

Platform
MT4 desktop, mobile and tablet

Demo
Yes

Create Account
Compare our accounts.
Test drive a trading account
Trade Forex risk-free with a demo account

Why City Index?

With fast, reliable execution and tight spreads, here's why our clients choose
City Index
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Over 30 years' experience in Forex and CFD Trading
Regulated by the Monetary Authority of Singapore
Risk management tools to help protect your positions
Trade on multiple platforms and devices
Actionable buy/sell trade ideas from our research portal
Fast, easy payments and secure withdrawals
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Why trade Forex?

24 hour trading

FX markets are open 24 hours a day meaning greater flexibility and access

Trading opportunities

Forex can be volatile and is the world's most heavily traded market
Global Opportunities

Macro economics

Prices are driven by central banks, interest rates and geopolitical events

Tight spreads

High liquidity means you can trade Major FX pairs from 0.5 points

Short the markets

Trade on falling markets (going short) as well as rising markets

Trade anytime, anywhere

Trade on desktop, close on mobile, our accounts work on multiple devices
FX Trading with City Index

How to trade Forex

Currencies always trade in pairs – one against the other. If one appreciates in value it does so at the expense of the other.

If you believe that a currency pair such as the Euro will rise against the US Dollar you can place a buy trade on EUR/USD. If the prices rises, you will make a profit for every point that EUR appreciates against the USD. If the market falls, then you will make a loss for every point the price moves against you. Our trading platform tells you in real-time how much profit or loss you are making.

You can also profit from a falling currency. If you think that the Euro will fall in price, you place sell EUR/USD when you open the trade. Your position will stay open as long as you want it to, providing you have enough money in your account to cover the deposit.

How To Trade Forex

Learn how to trade Forex

What are CFDs?

Learn how to trade Forex using this CFD tutorial

CFD Trading

How to analyse markets

How to identify trading opportunities using City Index's research tools

Research tools

Managing risk

Learn techniques to improve your trading and manage risk effectively

Risks Of CFD Trading
Start trading Forex risk-free with a City Index demo account

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Pricing and charges

Pricing and Charges

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Pricing
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Economic calendar

Economic calendar

View upcoming trading opportunities for the weeks ahead

Economic calendar
City Index offers tight spreads on major FX pairs

Forex trading explained

Foreign exchange (forex) or FX trading involves trading the prices of global currencies, and at City Index it is possible to trade on the prices of a huge range of global currencies. Currency trading allows you to speculate on the movement of one currency against another, and is traded in pairs, for example the Euro against the US Dollar (EUR/USD).

A market that doesn’t sleep

Currency markets are open 24 hours a day. There is no central exchange for trading Forex: instead prices are determined by interbank trading, the exchange of currencies between banks on a constant basis, all over the world.

The currency market is much bigger than share markets. The daily volume of global forex markets is estimated at over $4 trillion.

Currency pairs

Currencies are traded in pairs – this means you can only trade one currency against another. You can’t trade a currency in isolation. Each currency has its own three letter code, for example, the US Dollar is abbreviated to USD.

Most currency trading features one of the following as part of a pair:

US Dollar

USD

Euro

EUR

Japanese Yen

JPY

British Pound

GBP

Canadian Dollar

CAD

Australian Dollar

AUD

Swiss Franc

CHF

Taking a typical currency quote, here we have the USD/JPY pair. This shows how many units of the currency on the right, in this case the Yen, you can buy with the currency on the left, namely the US Dollar.

If traders are positive on the prospects for the Yen, they would expect the number on the right to go down – i.e. the Yen would be getting stronger against the Dollar. Traders would be buying less Yen with a Dollar as the Yen got stronger. Similarly, if the Yen was expected to weaken, forex traders would expect the Yen number to go up, reflecting the fact that the dollar could buy more yen.

Currency markets never decline in absolute terms – for one currency to go up, there will be others weakening against it. All currencies cannot go up at the same time. There is always going to be a loser.

Who trades currency markets?

Currency markets are important to a broad range of participants, from banks, brokers, hedge funds and investor traders who trade FX. Any company that operates or has customers overseas will need to trade currency. Central banks can also be active in currency markets, as they seek to keep the currency they are responsible for trading within a specific range.

What moves currency markets?

  • Economic data
    This particularly affects critical areas of a country’s economy like inflation, unemployment numbers, foreign trade or payrolls.
  • Central banks
    These can have a big influence over the performance of currencies, for example by changing interest rates or printing more money. Central banks can also buy and sell their own currency in order to keep it trading within a certain level.
  • Political factors
    Increasingly, political uncertainty can drive currency markets. For example, the Swiss Franc has traditionally been seen as a safe haven currency. Something as banal as a speech by a finance minister can have a big impact on a currency.

Trading FX with City Index

  • When trading with City Index, you are not buying or selling actual currency – rather you are speculating on the price movement between FX pairs.
  • City Index offers prices on all the major currency pairs as well as many minor currencies.
  • Spreads start from 0.5pts on some major currency pairs.
  • You can trade FX with City Index through a CFD account or FX on MT4.