Indices Fact Sheet

Indices products reflect the underlying futures contract, offering exposure to the movement of stock indices and suit traders who do not wish to take a stance on a specific stock but a market in general.

AUS200

The AUS200’s underlying instrument is the ASX SPI 200 Future, The S&P/ASX 200 measures the performance of the 200 largest index-eligible stocks listed on the Australian Stock Exchange by float-adjusted market capitalization.

Margin Requirements
1%

Trading Hours (GMT)
Trading Hours: Daily (from Sun) 23.50 – 21:00 (Friday Close 20.45)
Break Time: Daily 06.30 – 07.10

Currency
AUD

Max Contract Size
The maximum number of contracts per click (trade) for the AUS200 is 200.

Minimum Pip Cost (Value)
The AUS200 has a minimum value of AUD 1 per point.
25 AUS200 Contracts are currently equivalent to one ASX/SPI 200 Index Future.

US100

The US100’s underlying instrument is the E-Mini Nasdaq 100 Future. The Nasdaq 100 index includes 100 companies from a broad range of industries with the exception of those that operate in the financial industry.

Margin Requirements
1%

Trading Hours (GMT)
Trading Hours: Sun 22.00 – Fri 20.15
Break Time: Daily from 20.15 to 20.30 and from 21.00 until 22.00

Currency
USD

Max Contract Size
The maximum number of contracts per click (trade) for the NAS100 is 200.

Minimum Pip Cost (Value)
The US100 has a minimum value of 1 USD per point
20 US100 Contracts are currently equivalent to one NASDAQ 100 E-Mini Future.

US500

The US500 underlying instrument is the E-Mini S&P 500 Future. The S &P 500 stock market index, comprises 500 large-cap American companies covering about 75 percent of the American equity market by capitalization.

Margin Requirements
1%

Trading Hours (GMT)
Trading Hours: Sun 22.00 – Fri 20.15
Break Time: Daily from 20.15 to 20.30 and from 21.00 until 22.00

Currency
USD

Max Contract Size
The maximum number of contracts per click (trade) for the SPX500 is 200

Minimum Pip Cost (Value)
The US500 has a value of $1 USD per point.
50 US500 Contracts are currently equivalent to one E-mini S&P Future.

US30

The US30’s underlying instrument is the E-Mini Dow Future. The Dow Jones Index Consists of 30 major American companies.

Margin Requirements
1%

Trading Hours (GMT)
Trading Hours: Sun 22.00 – Fri 20.15
Break Time: Daily from 20.15 to 20.30 and from 21.00 until 22.00

Currency
USD

Minimum Pip Cost (Value)
The US30 has a value of $1 USD per point
5 US30 contracts are currently equivalent to one mini Dow Future

UK100

The UK100’s underlying instrument is the FTSE 100 index future. This FTSE 100 is an index of the 100 companies listed on the London Stock Exchange with the highest market capitalization.

Margin Requirements
1%

Trading Hours (GMT)
6:00 – 20:00 Daily

Currency
GBP

Minimum Pip Cost (Value)
The UK100 has a value of £1 GBP per point
10 UK100 contracts are equivalent to one FTSE 100 Future

EURO50

The EURO50’s underlying instrument is the Euro Stoxx 50 Future. The Euro Stoxx 50 is an index of European listed shares and contains the largest companies in Europe.

Margin Requirements
1%

Trading Hours (GMT)
6:00 – 20:00 Daily

Currency
EUR

Minimum Pip Cost (Value)
The EUR50 has a value of €1 EUR per point
10 EURO50 contracts are equivalent to one EURO STOXX Future

GER30

The GER30’s underlying instrument is the DAX index future. The DAX is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.

Margin Requirements
1%

Trading Hours (GMT)
6:00 – 20:00 Daily

Currency
EUR

Minimum Pip Cost (Value)
The GER30 has a value of €1 EUR per point
25 GER30 contracts are currently equivalent to one DAX Future

HK50

The HKG33’s underlying instrument is the Hang Seng future. The Hang Seng Index is the benchmark stock market index of Hong Kong.

Margin Requirements
1%

Trading Hours (GMT)
1:15 – 08:15 Daily
Break time: 04:00-05:00 Daily

Currency
HKD

Minimum Pip Cost (Value)
The HK50 has a value of 1 HKD per point
50 HK50 contracts are currently equivalent to one HSI Future

JP225

The JPN225’s underlying instrument is the Nikkei 225 future. This Nikkei 225 is the benchmark stock market index for the Tokyo Stock Exchange.

Margin Requirements
1%

Trading Hours (GMT)
Sun 23.00 – Fri 20.15

Currency
JPY

Minimum Pip Cost (Value)
The JP225 has a value of ¥10 per point
500 JP225 contracts are currently equivalent to one Yen Denominated Nikkei Future

Financing / Swap cost

Swap rates are charged as a rollover financing cost. This is the interest paid for holding a position and therefore varies on the size of your holding.

The formula for financing cost is as follows:

[Closing Price of the Index * [(the relevant 3-month Bank rate/100) +- FPM’s Markup]/Number of Days] * Trade Size +- Dividends

On Fridays, to account for holding a position into the weekend, swap is 3X times as usual.

To avoid swap charge, you can close your position before 5PM EST (7am AEST) and the charge would not apply.

Dividends

When a large constituent of the underlying index pays a divided, this can impact the swap rate. If you are long an Index CFD, you are credited a dividend adjustment. If you are short, you will be debited a dividend adjustment.

For example, if you have a short position on US500 and hold that position past 5pm EST on the eve of the ex-dividend date of a stock relating to that particular index, the index price will generally move in your favour and to offset that you will be debited a swap fee that may be larger than normal.

Similarly, if you are long coming into the ex-dividend date, the index will generally move against you and you will be credited with a swap fee. Keep in mind that there are other factors that affect the index price and the index may drop more or less than the exact amount of the dividend adjustment.