Day Trading with 50% lower margins and 20% lower spreads.

City Index has launched ‘Day Trades’, a new product which will give 50% reduced margins and 20% lower spreads compared to standard City Index shares spread bet products on its 20 leading FTSE listed equities.

‘Day Trades’ is specifically designed to appeal to day traders.

It is a new spreads product that is available to trade throughout the day from 8:00am and closed at market levels at 16:28pm every trading day. Note that you cannot rollover these trades to the next day.

Joshua Raymond at City Index, said: “Day Trades will provide a fast, reliable and value-added service to customers wishing to trade on an intra-day basis.

The launch of Day Trades is reflects how we are increasing our range of products to cater for all client needs; long term investors, short term speculators or day traders.

We have found that day traders typically like to place multiple trades throughout the day. By reducing our spreads and margin levels for specific markets, we are reducing the typical trading costs a day trader would normally incur.”

Also see the City Index.

Spread betting, CFDs and forex trading and carry a high level of risk to your capital with the possibility of losing more than your initial investment and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary.

Article approved and/or supplied by City Index Limited which is Authorised and Regulated by the Financial Services Authority (FSA). FSA Register Number: 113942.