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City Index fees and how they score

Cost is scored on what a trade actually costs all in, not on the headline spread. These are the figures behind City Index's cost score.

Facts last checked . Read the full City Index review.

What it costs to trade

Spread from
0.5 pips
EUR/USD spread
Approx. 0.7 pips
GBP/USD spread
Approx. 1.1 pips
Commission
$0 on forex
All-in cost, EUR/USD
Approx. 0.7 pips
Spread type
Variable
Overnight swap
Both: overnight financing may be charged or credited
Inactivity fee
£12 per month after 12 months of inactivity
Deposit fee
None internally
Withdrawal fee
Generally none internally
Currency conversion
0.5% on applicable realised P&L/charges

What this means

Cost is scored on what a trade actually costs all in, not on the headline spread.

Spreads from 0.5 pips suggest an all-in account, where the broker's fee is built into the price rather than charged separately. There is usually no commission on top, which makes the cost easier to predict.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

City Index lists a minimum deposit of $0. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Questions about City Index fees

What is the EUR/USD spread at City Index?

City Index records an average EUR/USD spread of approx. 0.7 pips on a variable pricing model.

Does City Index charge commission?

City Index's commission is $0 on forex. A commission account usually pairs with a tighter spread, so the two have to be read together.

What does City Index charge to hold a position overnight?

Overnight financing at City Index is recorded as both: overnight financing may be charged or credited.

Fees at brokers under the same regulator

More about City Index