Yes, you can trade options with City Index, however, you are limited to trading them as a financial spread bet or a CFD. You can also only trade options on some of the most popular shares (like Tesla) and major indices (like the FTSE or DJIA). This should be enough for the majority of traders who want to take corresponding options positions against their long/short trades. However, for more sophisticated options traders Interactive Brokers or Saxo Markets offer direct market access on a wider range of equity options (but no financial spread betting for tax efficient trading).
City Index offer options trading via spread bets and CFDs, the benefit of the course of trading options as a spread bet for UK customers is that profits are free from capital gains tax. Phone trading is one feature that sets City Index apart from other retail options brokers. They provide personal service and can assist with complex options execution strategies.
You can trade options on the major indices and stocks with City Index, and whilst this is fairly limited compared to other options trading platforms, one of the key advantages is that you can trade options as a spread bet.
Compare City Index to other Options brokers below:
| Options Trading Platform | Options Available | DMA or OTC | Minimum Deposit | GMG Rating | More Info | Risk Warning |
|---|---|---|---|---|---|---|
 | 40+ | OTC | £100 | See Platform | 69% of retail investor accounts lose money when trading CFDs with this provider | |
 | 10,000 | DMA | £1 | See Platform | 60% of retail investor accounts lose money when trading CFDs with this provider | |
 | 5+ | OTC | £1 | See Platform | 64% of retail investor accounts lose money when trading CFDs with this provider | |
 | 100+ | CFD | £100 | See Platform | 80% of retail investor accounts lose money when trading CFDs with this provider. | |
 | 1,000+ | OTC | £250 | See Platform | 69% of retail investor accounts lose money when trading CFDs and spread bets with this provider. | |
 | 1,200 | DMA | £1 | See Platform | 65% of retail investor accounts lose money when trading CFDs with this provider | |
 | 40+ | OTC | £1 | See Platform | 74% of retail investor accounts lose money when trading CFDs with this provider. | |
 | 6 | OTC | £1 | See Platform | 68% of retail investor accounts lose money when trading CFDs with this provider |
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