Forex

Spread betting on forex

Spread bet on forex pairs like EUR/USD, GBP/USD and USD/JPY with fast execution and tight spreads. Speculate on global FX on our award-winning platform and take advantage of tax-efficient trading*.

  • Competitive spreads

    Tight spreads from 0.5 points

  • Range of markets

    Spread bet on 84+ global FX pairs

  • Award-winning

    Best CFD Provider - ADVFN International Financial Awards 2024

Why spread bet on forex?

Spread betting is our most popular way to trade FX. With City Index you get 24 hours trading on 80+ forex currency pairs.

  • Money saving

    Tax free trading

    No UK stamp duty or Capital Gains Tax to pay*, and margins from just 3.33%.
  • Coins

    Market leading spreads

    Spreads on major FX pairs from 0.5 points.
  • Markets

    Multiple ways to trade

    Choice of daily funded trades, forwards and options, plus, trade on falling rates.

*Spread Betting is exempt from UK stamp duty and UK Capital Gains Tax. However, tax laws are subject to change and depend on individual circumstances. Please seek independent advice if necessary.

*Spread Betting is exempt from UK stamp duty and UK Capital Gains Tax. However, tax laws are subject to change and depend on individual circumstances. Please seek independent advice if necessary.

 

Trade major forex pairs from 0.5 points

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Live spread betting prices

Our performance in numbers

0 m+
account holders*
0 k+
markets
0 s
average execution speed
0 %
of trades successfully executed

*StoneX retail trading live and demo accounts globally in the last 2 years.

Forex DFTs vs forwards

City Index offers two popular ways to spread bet forex: Daily Funded Trades (DFTs) and forwards.

Forex DFTs
Forex forwards
Ideal for
Shorter-term trading
Longer-term trading
Spreads
Tightest spreads of all FX pairs
Wider spreads, as financing is incorporated in the price
Expiry dates
None
Fixed monthly/quarterly expiry date
Financing charge
Incurs a finance charge for positions held overnight
No overnight financing charge applied as contained within price
Adjustments
No overnight adjustments other than financing
Positions may be rolled over to next month/quarter
Profit and loss
P&L crystallised only when positions are closed or partially closed
P&L realised when trade closed, partially closed or expiry date

Mobile trading app

Seize trading opportunities with our most easy-to-use mobile app to date, with simple one-swipe dealing, advanced charting, and seamless execution. Available on Android and iOS.

TradingView charts

Complete with one-swipe trading, custom indicators, alerts and drawing tools.

Trading Central

Harness the power of technical analysis and access real-time trade ideas on our most popular markets.

Performance Analytics

Gain deeper insight into your trading and discover how you could improve your performance.

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Why choose City Index?

Over one million account holders* use us to trade the financial markets. Here's why.

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*StoneX retail trading live and demo accounts globally in the last 2 years.

Experience
Reliability
With 24/5 dedicated customer support, we're always on hand to help – and 99.99% of all trades are executed by our market-leading trading technology.
Platforms
Speed
Speed
Over 99% of trades are executed in less than a second. If the price moves in your favour while the order is being processed, we'll execute your order at the better price.
Execution
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Experience
We're backed by Nasdaq-listed StoneX, a Fortune 100 company with over a century in the financial markets. Combined with our four decades of heritage, you're in good hands.
About us
Tools
Tools and insight
From personalised Performance Analytics to expert market analysis, you have a wealth of exclusive tools at your disposal to maximise your trading potential.
Our tools

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Forex spread betting FAQ

How do you account for the spread in forex trading?

To account for the spread in forex trading, you simply need to include the difference between your chosen market’s buy and sell prices when calculating a trade’s outcome. In order for a trade to become profitable, you’ll need your FX pair to move beyond the price of the spread.

For instance, if EUR/USD is trading at 1.1348, it might have a sell price of 1.1347 and a buy price of 1.1349 – a spread of 2 points. To go long, you’d trade at the buy price of 1.1349, which means you’d need the sell price to move above 1.1349 before you can execute at profit.

If you close your trade when Eurodollar rises to 1.1402, with a spread of 1.1401/1.1402, you would sell at 1.1401 so your profit would be 52 points multiplied by your stake size.

Learn more about how to trade forex.

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Is spread betting good for forex day trading?

Spread betting is a popular way to day trade forex. Like traditional forex trading, spread betting gives you access to leverage and enables you to go short on FX pairs as well as long – but it comes with some additional powerful benefits.

Firstly, all profits from spread betting are entirely tax free in the UK.* You won’t have to pay any capital gains tax or income tax. Plus, spread bets are always in your base currency, so there’s no currency conversion required to trade global currencies.

Learn more about the benefits of spread betting.

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Is forex trading classed as spread betting?

No, forex trading isn’t classed as spread betting. Forex trading is the buying and selling of currency pairs, spread betting is a derivative product that enables you to speculate on a range of different asset classes.

You can use spread betting to go long and short on forex pairs, but it works a little bit differently to spot FX trading. Instead of selling the quote currency to buy the base currency, you’re betting on the future price direction of the pair.

Say, for example, that you bet £5 per point that EUR/USD is going to rise from its current price of 1.1348. You’ll make £5 for every point that EUR/USD goes up and lose £5 for every point it falls.

You might notice a couple of differences to forex trading here. Chiefly, your profit or loss is calculated in GBP, not USD. That’s because you’re betting a set number of pounds per point, so you don’t have to worry about currency conversion.

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If you have more questions visit the FAQ section or start a chat with our support.