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.
- No commissions on CFDs except shares
- Our margins start from 2%
- Tight spreads from 0.5 points on FX
|Market name||Min. spread (fixed)||Min. spread hours (SGT)||Margin from|
|Singapore Index||0.4 points||Around market spread
|Germany 30||1 point||14:59 - 23:29||5%|
|Wall Street||1.6 points||21:30 - 03:59||5%|
|US SP 500||0.4 points||21:30 - 03:59||5%|
|Hong Kong 50||10 points||Around market spread
|Share||CFD spread||CFD commission / minimum||Margin from|
|DBS Group Holdings||Market||0.08% / SGD 10||10%|
|Noble Group||Market||0.08% / SGD 10||20%|
|Keppel Corp||Market||0.08% / SGD 10||10%|
|Market||1.5 cents / USD 15||10%|
|Singapore Telecommunications||Market||0.08% / SGD 10||10%|
|FX Pair||Minimum spread||Average spread||Margin from|
*The 'average spread' is a time-weighted average taken from all quotes over the first quarter of 2017.Full pricing information
|Margin Rates||From 25%|
|Financing||0.08219% per night|
|Hours||06:00 SGT Monday – 06.00 SGT Saturday|
* May change due to market conditions.Bitcoin CFD Trading
|Market name||Spread||Spread pricing||Margin from|
|US Crude Oil||0.4 points||Around market spread||20%|
|UK Crude Oil||5 points||Fixed||20%|
|Sugar No 11.||0.06 points||Fixed||20%|
|Natural Gas||18 points||Around market spread||20%|
|Market name||Min. spread (around market spread)||Min. spread hours (SGT)||Margin from|
|Gold||0.5 points||06:00 - 05:15||20%|
|Silver||2.5 points||06:00 - 05:00||20%|
|Copper||0.4 points||06:00 - 05:15||20%|
|Platinum||0.83 points||06:00 - 05:15||20%|
|Palladium||0.83 points||06:00 - 05:15||20%|
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)
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:
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|
|Singapore shares||Market||0.08%||SGD 10|
|US shares||Market||1.5 cents per share||USD 15|
|UK shares||Market||0.10%||GBP 15|
|European shares||Market||0.10%||EUR 25|
|Australian shares||Market||0.08%||AUD 5|
|Hong Kong shares||Market||0.15%||HKD 15|
|Japanese shares||Market||0.05%||JPY 1,000|
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).
We calculate the Overnight Financing Fee as follows: F = V x I / b
• F = Daily Financing Fee
• V = Value of equivalent holding of the underlying instrument
• I = Applicable Financing Rate
• b = Day basis for currency (365 for GBP, AUD and SGD, 360 for all other currencies)
For further details on Overnight Financing Charges contact our Client Management team.
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.
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.
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.
Futures Rollover discount
Receive a 50% spread discount if you roll a futures contract at expiry. Rollover requests are by telephone only. For more information on Future Rollover discounts, visit our CFD Trading page.
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.
Borrowing cost for shorting CFDs
Very few markets will incur a borrowing charge, and to determine whether the market you wish to trade has borrowing costs or not, please contact Client Management.
Where no activity has occurred on your account for a period of 12 months or more, your account will be deemed inactive. A monthly inactivity fee of $25 (or equivalent to your cash balance if less than $25) will be applied for accounts that are inactive for 12 months or more.
Cryptocurrencies are not legal tender currency and trading of derivatives on cryptocurrencies are currently not covered under any regulatory regime in Singapore. Consequently, investors should be aware they do not have protection under the Securities and Futures Act (Cap. 289). Please ensure that you are fully aware of the risks.