Trading Indices Online

Stock Indices
INSTRUMENT Country Currency Exchange Expiration Typical Spread (Pips) Margin Standard Contract Size Trading Hours GMT
S&P 500 US USD CME Mar,Jun,Sep,Dec 23 2.00% 50 23:01-21:15 & 21:30-21:59
NASDAQ 100 US USD CME Mar,Jun,Sep,Dec 25 2.00% 20 23:01-21:15 & 21:30-21:59
Dow US USD CBOT Mar,Jun,Sep,Dec 35 2.00% 5 23:01-21:15 & 21:30-21:59
CAC 40 France EUR EURONEXT Mar,Jun,Sep,Dec 35 2.00% 10 07:01-20:59
DAX 30 Germany EUR EUREX Mar,Jun,Sep,Dec 35 2.00% 25 07:02-20:59
FTSE 100 UK GBP ICE EUR Mar,Jun,Sep,Dec 35 2.00% 10 01:01-20:59
RUSSELL2000 US USD ICE US Mar,Jun,Sep,Dec 52 2.00% 100 MON 01:01-22:00 TUE-FRI 22:00-22:59 & 01:01-22:00
DJXX EU EUR EUREX Mar,Jun,Sep,Dec 60 2.00% 10 07:01-20:59
ASX Australia AUD Mar,Jun,Sep,Dec 60 2.00% 100 22:51-05:29-06:11-20:59
JSE SA ZAR JSE Mar,Jun,Sep,Dec 35 2.00% 50 06:31-15:29
SMI Switzerland CHF EUREX Mar,Jun,Sep,Dec 70 2.00% 10 07:01-20:59
HANG Hong Kong HKD HKFE Monthly 60 2.00% 50 01:16-04:00 & 05:00-08:30 & 09:15-16:59
TOPIX Japan JPY TSE Mar,Jun,Sep,Dec 50 2.00% 1000 00:46-07:10 & 08:30-21:24
IBEX Spain EUR EUREX Monthly 90 2.00% 10 08:01-18:59
AEX Amsterdam EUR EUREX Mar,Jun,Sep,Dec 51 2.00% 200 07:01-20:59
NK Tokyo USD SGX Mar,Jun,Sep,Dec 80 2.00% 5 23:01-21:15 & 21:30-21:59
SPMIB Italy EUR EUREX Mar,Jun,Sep,Dec 100 2.00% 2 20:01-16:39

* Overnight Interest both buy and sell are -0.0028%

Explanation of Terms from Table headings

 

Instrument- The FX currency pair or underlying asset of the CFD product to be traded.

Country- The country that the equity or bond is based in.

Standard Contract size- The lot size traded on each platform (Note: CM Trading in MT4 represents the standard lot size).

Standard Spread- The difference between the BID & the ASK price quote for each instrument under normal market conditions.

Margin Per Lot- The required margin to open a single lot of each instrument (Note: It is shown in notional terms).

Overnight Interest Sell/Buy- The overnight interest debited/credited in daily % terms for each instrument.

Trading Hours- The time that trading is available for the specified instrument.

Exchange- The exchange of the underlying asset.

Risk Warning:
Trading CFD’s on margin carries a high level of risk, and may not be suitable for all investors.

Stock Indices Spread Calculation

 

The Stock Indices Trading Conditions display the ‘Spread Over Market’ for Stock Index Instruments unless otherwise stated. The ‘Spread Over Market’ is the Mark-up CM TRADING adds to the Current Market Spread.

Spread Cost Formula: Spread x Trade Size = Spread Charge in Currency Instrument is denominated in.

Example 1

For a 1 index S&P500 Trade, with a Spread of 75 Pips ($0.75), the calculation is as follows:

0.75 X 1 = $0.75*

CM TRADING is compensated through the Bid-Ask spread, except when otherwise stated.

CM TRADING does not charge commissions on any trade.

Stock Indices Margin Calculation

 

All Instruments are traded on Margin allowing you to Leverage your positions. The Stock Indices Trading Conditions display Margin Amounts as a Percentage (%).

Percentage Margin Formula: Position Size x Current Price x Margin (%) = Margin Required*

* Margin Required is calculated in the Currency the Instrument is Denominated in.

Example

For a 1 Index S&P500 Trade, with a Market Price of $1400 and a Margin Requirement of 0.50%, the calculation is as follows:

Percentage Margin Requirement: 1 x 1, 400 x 0.005 = $7.00*

During Indices Roll Over week if a new position on the new contract is opened whilst holding an old contract, margin will be equal to holding 2 positions

Stock Indices Buy Sell Overnight Interest Calculation

 

The Stock Indices Trading Conditions display the Over-Night (O/N) Interest Rates Charged/Paid on a daily basis for holding a position open past the End of Day time. These are displayed in the “Overnight Interest – Buy” and “Overnight Interest – Sell” columns. End of Day is 22:00 GMT except during Daylight Savings when it changes to 21:00 GMT.

You can use the following formula to calculate your Overnight Interest amount:

Swap calculation = No Of nights * Swap (buy or sell) *No of Lots*Point value

Example

For a 1 lot NASDAQ trade, with a Daily Swap Buy Rate of -97.55 and subject to charge for 1 day the calculation is as follows:

SWAP = 1x-97.55x1x0.2 = -19.51 USD

Notes:

• Point value = Contract size *No of Decimals in the Pair.

For NASDAQ , the price is denominated in 2 decimals.
Point value = 20(contract size) * 0.01 (number of decimals) so the point value for is NASDAQ 0.2
For DAX the price is denominated in 2 decimals.
Point value = 25 (contract size) * 0.01(number of decimals) so the point value for DAX is 0. 250

• Overnight Interest Charged/Paid is calculated in the Currency the Instrument is Denominated in.

Trading Conditions

 

Spreads:

All Spreads are Over Market.
FX Standard Spreads are as stated under Normal Market Conditions.
Gold & Silver spreads may be wider than stated from approx 22:00 – 02:00 GMT.
Crude & Brent Oil spreads may be wider than stated from approx 22:00 – 05:00 GMT.
Crude Oil & Natural Gas spreads may be wider during Weekly Inventories.
PIP FX Pairs = 0.0001; 1 PIP JPY FX Pairs = 0.01.
FX Floating: Typical Spreads are an indication only and may widen due to volatile market conditions
FX Floating: Typical Spreads are derived from the median value of the respective spreads during trading hours (07.00-18.00 GMT) from a previous quarter.

Overnight Interest Rates:

All Overnight Interest Rates are indicative and subject to change.
CMTrading calculates swap once for each day of the week , while on Wednesday night swap is charged 3 times to account for the weekend.
For Stocks CMTrading calculates swap once for each day of the week , while on Friday night swap is charged 3 times to account for the weekend.

Margin:

Margin requirements can increase based on position size.

Maximum Trades/Orders:

MetaTrader Minimum Nominal Trade Size = 0.01
Trading Hours may change due to Daylight Savings Time.

Powercash21 Ltd.

CM Trading is the Brand name of Global Capital Markets Trading 

The website is operated by CMT Processing Limited. 

 

HIGH RISK WARNING:
Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.

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