CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Indices
Point Value
Tick Value
Margin Requirement
Hedged
Max Leverage
GER30
1 EUR
0.01 EUR
- EUR
- EUR
1:20
FRA40
1 EUR
0.01 EUR
- EUR
- EUR
1:20
UK100
1 GBP
0.01 GBP
- GBP
- GBP
1:20
USA500
1 USD
0.01 USD
- USD
- USD
1:20
USAIND
1 USD
0.01 USD
- USD
- USD
1:20
USATEC
1 USD
0.01 USD
- USD
- USD
1:20
EURO50
1 EUR
0.01 EUR
- EUR
- EUR
1:20
ESP35
1 EUR
0.01 EUR
- EUR
- EUR
1:10

 

Maintaining Positions

Long positions held overnight will be debited with swaps, calculated based on 3-month interbank rate plus 1.75%.

Short positions held overnight will be credited with swaps, calculated based on 3-month interbank rate minus 1.75%.

In case 3-month rate is less than 1.75%, short positions will be debited the resulting swap calculation.

Please note that the Cash indices may be subject to dividend adjustments in order to reflect the cash payments of the constituent stocks within the index. These payments cause the value of the index to drop as its price is calculated from the value of the stocks within it.
The dividend adjustments will be applied 1 hour before the market open on the ex-dividend date in order to take into account the downward price movement of the underlying cash index. We will apply Dividend points as estimated by Bloomberg, rounded to the nearest hundredth, and recalculate the amount on a standard Lot (Contract) basis.
The dividend adjustments will be positive for clients holding long positions and negative for those holding short. The calendar with the expected daily adjustments will be published in the Dividend Adjustments section on our Cash Indices page (herein).

Close-out level for Retail client accounts is set at 50%


The margin can be derived by multiplying the price level of the index or commodity with its point value (see our contract specifications table). This total is the contract value to which the leverage is applied. Then the total is converted into the account’s currency (with the current exchange rate).

Indices
Point Value
Tick Value
Margin Requirement
Hedged
Max Leverage
GER30
1 EUR
0.01 EUR
- EUR
- EUR
1:20
FRA40
1 EUR
0.01 EUR
- EUR
- EUR
1:20
UK100
1 GBP
0.01 GBP
- GBP
- GBP
1:20
USA500
1 USD
0.01 USD
- USD
- USD
1:20
USAIND
1 USD
0.01 USD
- USD
- USD
1:20
USATEC
1 USD
0.01 USD
- USD
- USD
1:20
EURO50
1 EUR
0.01 EUR
- EUR
- EUR
1:20
ESP35
1 EUR
0.01 EUR
- EUR
- EUR
1:10

Maintaining Positions

Long positions held overnight will be debited with swaps, calculated based on 3-month interbank rate plus 1.75%.

Short positions held overnight will be credited with swaps, calculated based on 3-month interbank rate minus 1.75%.

In case 3-month rate is less than 1.75%, short positions will be debited the resulting swap calculation.

Please note that the Cash indices may be subject to dividend adjustments in order to reflect the cash payments of the constituent stocks within the index. These payments cause the value of the index to drop as its price is calculated from the value of the stocks within it.
The dividend adjustments will be applied 1 hour before the market open on the ex-dividend date in order to take into account the downward price movement of the underlying cash index. We will apply Dividend points as estimated by Bloomberg, rounded to the nearest hundredth, and recalculate the amount on a standard Lot (Contract) basis.
The dividend adjustments will be positive for clients holding long positions and negative for those holding short. The calendar with the expected daily adjustments will be published in the Dividend Adjustments section on our Cash Indices page.(herein)

Close-out level for Retail client accounts is set at 50%

Please note that for customers carrying larger net positions on the cash instruments, we reserve the right to multiply the above margin requirements as follows:

Intraday:

100-250 LOTS > 250 LOTS
X2 X4

Overnight(*):

10-25 LOTS > 25 LOTS
X2 X4

The number of lots is based on the contract size of the underlying Future contract. For Cash Indices this number is adjusted accordingly.

(*) Applicable 1 hour before the closing.

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Our new cash indices allow clients to trade the current cash value of the underlying stock indices without any commissions at very tight spreads, which are among the lowest in the industry. Unlike the futures contracts, the cash indices have no expiry date, allowing traders to save from rolling costs and are suitable for both short and long-term strategies. The cash indices are structured as a CFD and aim to replicate the cash price of the underlying stock market indices. The products are offered with an extended trading session matching the working hours of the futures market.

Spreads

Symbol Point Value Target Spreads (In Points) Average Spreads (In Points) Limit & Stop Levels (In Points)
GER30 € 1 0.45 1
UK100 £1 0.45 1.5
USA500 $ 1 0.23 0.50
USAIND $ 1 0.9 2
USATEC $ 1 0.23 0.75
FRA40 € 1 0.45 1.5
EURO50 € 1 0.90 2
ESP35 € 1 0.95 5

 

Timetable

Symbol Related Market Dealing Hours (CET)
GER30 DAX 30 01:15–22:00
UK100 FTSE 100 02:00-22:00
USA500 S&P 500 00:00-22:15, 22:30-23:00
USAIND Dow Jones Industrial 00:00–22:15, 22:30-23:00
USATEC NASDAQ 100 00:00–22:15, 22:30-23:00
FRA40 CAC 40 08:00–22:00
EURO50 EURO STOXX 50 08:00–22:00
ESP35 IBEX 35 08:00–20:00

Dividend Adjustments

...
Symbol Description Dividend Points Dividend per lot Currency
UsaInd Dow Jones Industrial Cash Index - - USD
Usa500 S&P 500 Cash Index - - USD
UsaTec NASDAQ 100 Cash Index - - USD
UK100 FTSE100 Cash Index - - GBP
Fra40 CAC40 Cash Index - - EUR
Euro50 EURO STOXX 50 Cash Index - - EUR
Esp35 IBEX 35 Cash Index - - EUR
...
Symbol Description Dividend Points Dividend per lot Currency
UsaInd Dow Jones Industrial Cash Index - - USD
Usa500 S&P 500 Cash Index - - USD
UsaTec NASDAQ 100 Cash Index - - USD
UK100 FTSE100 Cash Index - - GBP
Fra40 CAC40 Cash Index - - EUR
Euro50 EURO STOXX 50 Cash Index - - EUR
Esp35 IBEX 35 Cash Index - - EUR
...
Symbol Description Dividend Points Dividend per lot Currency
UsaInd Dow Jones Industrial Cash Index - - USD
Usa500 S&P 500 Cash Index - - USD
UsaTec NASDAQ 100 Cash Index - - USD
UK100 FTSE100 Cash Index - - GBP
Fra40 CAC40 Cash Index - - EUR
Euro50 EURO STOXX 50 Cash Index - - EUR
Esp35 IBEX 35 Cash Index - - EUR
...
Symbol Description Dividend Points Dividend per lot Currency
UsaInd Dow Jones Industrial Cash Index - - USD
Usa500 S&P 500 Cash Index - - USD
UsaTec NASDAQ 100 Cash Index - - USD
UK100 FTSE100 Cash Index - - GBP
Fra40 CAC40 Cash Index - - EUR
Euro50 EURO STOXX 50 Cash Index - - EUR
Esp35 IBEX 35 Cash Index - - EUR
...
Symbol Description Dividend Points Dividend per lot Currency
UsaInd Dow Jones Industrial Cash Index - - USD
Usa500 S&P 500 Cash Index - - USD
UsaTec NASDAQ 100 Cash Index - - USD
UK100 FTSE100 Cash Index - - GBP
Fra40 CAC40 Cash Index - - EUR
Euro50 EURO STOXX 50 Cash Index - - EUR
Esp35 IBEX 35 Cash Index - - EUR