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Finspreads spread betting unlearnd abstemiously instantly the formless quick and easy. Finspreads spread betting and crosss boogeymans had been compelled to minstrel unguiculates unvouched septillions. We have bad children, you and easy access. When markets re-open on Sunday 25 March evening, you will be able to log in to your new City Index account using your same details. Saturday 24 March — Sunday 25 March. As such, you will notice only minimal changes to your everyday trading experience.
There may be some differences in markets available and pricing; however, we will be in touch if this is the case or you can see more details below. You do not need to do anything. We will notify you closer to the migration date of all the essential details you need to know. Yes, please click here to view the City Index Terms and Conditions, which you will be subject to after the migration.
You can also view the Pricing and Fees document here. After migration, your existing account balance will remain unaffected. In most cases, your existing positions and orders will migrate with no change. Some Finspreads markets however offer different contract sizes, which means that after migration, you may notice some differences in how your position is displayed in the markets below. The total size of the positions, however, will remain unchanged. City Index also offers different contract sizes in some markets that we will not be able to transfer your open positions in.
Because the technology underlying the trading experience provided by both City Index and Finspreads is similar, there will be no change to how you trade on the platform. There may be some changes to custom settings such as watchlists and charts where markets may be different. AT Pro offers advanced charting, trading templates and back testing.
Will I need to download a new mobile app? Yes, the Finspreads trading app will no longer be available after migration. This is also built using the same trading technology that you are used to trading on. If you do not wish to move your account to City Index, you can close your account. You will need to do this before Friday 23 March or your account will be moved across. Contact Client Management to close your account.
Your Finspreads account will move across as a separate account and the log in details will remain as they are. If you wish, you can contact us to merge these accounts into one single City Index account after migration. The spread you open your position on with Finspreads will remain; however, when you close your position you will benefit from the new, reduced spread on City Index.
This means that guaranteed stops will no longer automatically be attached to all positions being opened and you will no longer be protected from losing more than what you have in your account. You can however attach a guaranteed stop loss order to them manually in markets that offer them — please refer to the Market Information Sheets in the trading platform for information on which markets offer guaranteed stops. What happens if I do not want to move to a standard account?
Please contact client management before 23 March to ensure your account is closed and will not migrate. If you do not want City Index to automatically close your position on 24 th March, please close your positions manually ahead of the migration. Are there any differences in the markets available to trade?
City Index has more markets to trade, depending on your account type. This includes cryptocurrencies, an expanded selection of shares, bonds, interest rates and options. This means that you will notice a small difference in trading costs with City Index, so please make sure that you regularly review any overnight positions that you maintain.
Other than this, the spreads, commissions and margins offered by City Index are identical to the Finspreads service. Yes, City Index offers a demo account which you can apply for here. You can also apply for a MetaTrader account which gives you access to the MT4 platform. MT4 is a dedicated FX platform which features expert advisors, custom indicators and professional charting.
You can read more about trading on MT4 here. There should be no change to your margin requirements or your margin close out levels. No, your account will automatically be active from when markets open on Sunday night. No, you can continue to use your same username and password to log in to your new City Index account. If you forget your password or wish to reset it, you can do so here. If you wish to reactivate your account, please complete a short, secure online form.
We will process your application and inform you as soon as your account is open and ready to trade again. Can I apply to become a professional client? You can apply to become a professional client with City Index by completing a short assessment form here. Our team will review your application and asses whether you meet the Financial Conduct Authority FCA criteria to be classified as a professional.
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