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 5%
- 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||Typical spread||Margin from**|
*The “Typical spread” is a time weighted median taken from all quotes in Oct 2019.
**For Retail clients. Accredited Investor rates here.Full pricing information
|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
Should you hold a position overnight, there will be an overnight financing adjustment. We use swap points to calculate the daily overnight financing adjustment amount for FX pairs.
Please review the market information sheets in the Advantage Trader platforms for details on further financing charges on FX.
Funding and withdrawal costs
We charge 2% on funding via credit and debit cards. We do not charge on funding via bank transfers. However, foreign currency funding (other than SGD) may incur charges from your bank.
We do not charge any fees for withdrawals. Foreign currency withdrawals (other than SGD) may incur charges from your bank. For all telegraphic transfers overseas, all charges will be borne by you. USD denominated wire withdrawals will incur an interbank transfer fee determined by the transferring bank if your bank account is not associated with DBS or HSBC.
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.
Guaranteed Stop Loss Orders
You can place a Guaranteed Stop Loss Order (GSLO) on your trades. This will ensure your order is executed at the exact level, regardless of any gapping in the market. There is no upfront charge to place a Guaranteed Stop Loss Order. A premium will only be charged if your Guaranteed Stop Loss Order is triggered.
You can find more details on charges and available markets in the market information sheets on your trading platform.
Guaranteed stop-loss orders are not available on the MT4 platform.
Guide charges for the following popular markets:
and then converted to the base currency of the account
Read our FAQs for details of our Guaranteed Stop Loss Order.
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(s) for a period of 24 months or more, your account(s) will be deemed inactive. 'Activity' is defined as placing a trade and/or maintaining an open position during this period. Placing an order on an account without executing a trade will not qualify as ‘Activity’ for these purposes. A monthly inactivity fee of $15 (or currency equivalent) in aggregate (or your cash balance if less than $15) will be applied for accounts that are inactive for 24 months or more.
If your account has been inactive for 3+ years we'll need to reassess your trading experience and ensure that we have your up-to-date contact details. You will need to complete our account reactivation form and a member of our Account Management Team will be in touch to let you know if we need anything further from you or to let you know that your account(s) have been reactivated.
Italian Financial Transaction Tax
City Index complies with Italian law and we apply the Italian Financial Transaction Tax to all CFD trades on Italian Indices and Italian Equities where relevant. For more information on how this could affect your trading, please contact our Client Management Team.