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 Options Trading Review
Name: City Index Options Trading
Description: 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.
70% of retail investor accounts lose money when trading CFDs with this provider.
Summary
- Options markets available: 40+
- Options costs: OTC (built into the spread)
- Minimum deposit: £100
- Account types: CFDs & spread betting
Pros
- Smart Signals
- Performance analytics
- Easy to use options trading platform
Cons
- No US customers
- No DMA options
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Pricing
(4)
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Market Access
(3.5)
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Online Platform
(4)
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Customer Service
(4)
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Research & Analysis
(4.5)
Overall
4- Expert opinion: City Index reviewed & rated
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
