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Introducing Our New Interest Payment Scheme
City Index is now offering an Interest Payment Scheme, an opportunity to earn interest on your tradable account funds.
Here's how it works:
Eligibility:
Clients with an average of £20,000 or more in tradable funds throughout the month and maintain an active trading status* are eligible for this scheme.
Interest Rate:
We will apply an initial interest rate of 2.5% to the average tradable funds in your account(s) each calendar month.
Payment:
The accrued interest will be credited to your account based on the previous month's funds the following month.
For more information or to register your interest in joining the scheme, please get in touch with your relationship manager.
*An active client is defined as someone who regularly trades and holds open positions on their accounts.
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Frequently asked questions
Can I receive interest on my tradeable funds?
Upon request, we may pay interest on Tradeable funds which average £20,000 or more over a calendar month.
How can I find out if I am eligible to receive interest?
Interest will only be paid to clients with £20,000 or more in their tradeable funds throughout the calendar month, Clients must also have an active status which means they trade and manage their accounts regularly. Contact your relationship manager or Client Management for more details.
How do I get a Professional account?
You can get a Professional account with us by ensuring you meet at least 2 out of the 3 eligibility criteria outlined by the FCA. You’ll need to have:
- Made an average of at least 10 significantly sized transactions per quarter for the last four quarters
- A current financial portfolio in excess of £500,000 (including cash deposits)
- Worked in a professional capacity in the financial sector for 1+ years in a role that required knowledge of leveraged trading products
Once you’ve made sure you qualify for an account, you can apply here.
Do I still get the same features as a standard account?
As a Professional trader, you’ll get some of the same features as a standard account – such as our range of markets, award-winning platforms and in-depth analysis – but you’ll waive access to negative balance protection and lower leverage limits. We will also assume you have a higher level of knowledge and experience.
However, as a Pro you’ll get some exclusive benefits on top of our normal offering, including margin rates from 0.25%, monthly cash rebates, access to credit facility, your own dedicated relationship manager and invites to hospitality events.
Ready to open a Pro account? Check your eligibility and then apply here.