Account Types

There are two types of account available for clients wishing to spread bet - a deposit account and a limited risk account.

The key features of each account are below to help you decide which most suits your trading requirements.

Deposit Account

A deposit account is one where you will not normally be expected to provide proof of funds before opening but you will be required to deposit funds into the account before trading. The amount that you deposit will determine the total size of any trade on the account and will not be considered as your ultimate financial liability.

If your positions move against you, you may need to make a margin payment to maintain your position. This is because in addition to the initial margin required to create the position, you must also meet the full value of all running losses from your positions.

•  Access to a wide range of instruments including UK, US, and European Equities, Indices, Sectors, FX, Commodities, Precious Metals and Bonds and Interest rates.
• It is possible to lose more than your initial investment.
• Optional Guaranteed Stop Losses available on more liquid markets on payment of additional premium (GSL Premium).
• All profits are free from UK Capital Gains Tax and UK Stamp Duty for the vast majority of individuals, however tax laws can change.
• Funds must be deposited in advance of trade (Margin Requirement) and running losses must be met in accordance with the Terms & Conditions.

Limited Risk Account

A Limited Risk Account requires you to have sufficient funds deposited in your account to cover the maximum possible loss before you are able to trade. This is managed by placing a guaranteed stop loss (for which you will be charged a premium) - you choose where you want your trade to be closed should the market move against you. We guarantee that your bet will be closed at exactly this price, even if the market gaps the chosen level.

• Access to larger capitalisation UK, US and European shares only plus major global indices.
• Your liability is restricted to what you deposit into the account.
• All trades will automatically be opened with a guaranteed stop loss order set at the City Index minimum stop loss distance. An additional premium (GSL Premium) will be charged for this service.
• All profits are free from UK Capital Gains Tax and UK Stamp Duty for the vast majority of individuals, however tax laws can change.
• Funds to cover all potential losses must be deposited before a trade is accepted