Stock Indices

Indices provide insights into the performance of the stock market and are some of the most popular assets across the financial markets. Find out which indices are currently available and our contract specifications below.

InstrumentNew InstrumentMin. Price FluctuationSize of 1 lotAv. Spread in PointsLeverageSwap Long in PointsSwap Short in PointsTrading hours (GMT+3)
Instrument:AEXNew Instrument:AMSTERDAM25Min. Price Fluctuation:0.01Size of 1 lot:200Av. Spread in Points:285Leverage:50:1Swap Long in Points:-24.3441Swap Short in Points:-22.5969Trading hours (GMT+3):Mon-Fri 09:01-22:59
Instrument:ASXNew Instrument:AU200Min. Price Fluctuation:0.01Size of 1 lot:100Av. Spread in Points:900Leverage:50:1Swap Long in Points:-24.3441Swap Short in Points:-22.5969Trading hours (GMT+3):Mon-Fri 01:51-08:30, 09:10-22:59
Instrument:CACNew Instrument:FRANCE40Min. Price Fluctuation:0.01Size of 1 lot:10Av. Spread in Points:1725Leverage:50:1Swap Long in Points:-560.988208Swap Short in Points:-560.697976Trading hours (GMT+3):Mon-Fri 09:01-22:59
Instrument:COPPNew Instrument:COPPERMin. Price Fluctuation:0.0001Size of 1 lot:250Av. Spread in Points:150Leverage:50:1Swap Long in Points:-421.2Swap Short in Points:-246.7Trading hours (GMT+3):Mon-Fri 01:01-23:59
Instrument:DAXNew Instrument:GERMANY30Min. Price Fluctuation:0.01Size of 1 lot:25Av. Spread in Points:475Leverage:50:1Swap Long in Points:-191.6208Swap Short in Points:-289.1624Trading hours (GMT+3):Mon-Fri 03:15-22:59
Instrument:DOWNew Instrument:US30Min. Price Fluctuation:0.01Size of 1 lot:5Av. Spread in Points:375Leverage:50:1Swap Long in Points:-555.413084Swap Short in Points:-396.1856Trading hours (GMT+3):Mon-Fri 01:00-24:00
Instrument:FTSENew Instrument:UK100Min. Price Fluctuation:0.01Size of 1 lot:10Av. Spread in Points:425Leverage:50:1Swap Long in Points:-398.649096Swap Short in Points:-398.4477Trading hours (GMT+3):Mon-Fri 03:01-22:59
Instrument:HANGNew Instrument:HK50Min. Price Fluctuation:0.01Size of 1 lot:50Av. Spread in Points:1200Leverage:50:1Swap Long in Points:-299.12454Swap Short in Points:-209.02206Trading hours (GMT+3):Mon- Fri 04:16-07:00, 08:00-11:30, 12:15-21:59
Instrument:IBEXNew Instrument:SPAIN35Min. Price Fluctuation:0.01Size of 1 lot:10Av. Spread in Points:1375Leverage:50:1Swap Long in Points:-90.31698Swap Short in Points:-124.58017Trading hours (GMT+3):Mon-Fri 10:01-20:59
Instrument:JSENew Instrument:JSE40Min. Price Fluctuation:0.01Size of 1 lot:50Av. Spread in Points:2300Leverage:50:1Swap Long in Points:-682.08Swap Short in Points:-290.173Trading hours (GMT+3):Mon-Fri 09:31-18:29
Instrument:NKNew Instrument:JAPAN225Min. Price Fluctuation:0.01Size of 1 lot:5Av. Spread in Points:1175Leverage:50:1Swap Long in Points:-193.62304Swap Short in Points:-195.8931Trading hours (GMT+3):Mon-Fri 01:01-23:15, 23:30-23:59
Instrument:NSDQNew Instrument:USTECHMin. Price Fluctuation:0.01Size of 1 lot:20Av. Spread in Points:375Leverage:50:1Swap Long in Points:-137.551948Swap Short in Points:-83.849328Trading hours (GMT+3):Mon -Fri 01:00-24:00
Instrument:PALLADNew Instrument:PALLADIUMMin. Price Fluctuation:0.01Size of 1 lot:100Av. Spread in Points:565Leverage:50:1Swap Long in Points:-40.3049Swap Short in Points:-34.4622Trading hours (GMT+3):Mon-Fri 01:05-23:59
Instrument:PLATNew Instrument:PLATINUMMin. Price Fluctuation:0.01Size of 1 lot:50Av. Spread in Points:265Leverage:50:1Swap Long in Points:-28.8885Swap Short in Points:-26.3699Trading hours (GMT+3):Mon-Fri 01:01-23:59
Instrument:SPNew Instrument:US500Min. Price Fluctuation:0.01Size of 1 lot:50Av. Spread in Points:150Leverage:50:1Swap Long in Points:-40.693069Swap Short in Points:-22.462908Trading hours (GMT+3):Mon-Fri 01:00-24:00
Instrument:SPMIBNew Instrument:ITALY40Min. Price Fluctuation:0.01Size of 1 lot:2Av. Spread in Points:1675Leverage:50:1Swap Long in Points:-2500.3835Swap Short in Points:-3800.9725Trading hours (GMT+3):Mon-Fri 10:01-21:29
Instrument:USNDXNew Instrument:USNDXMin. Price Fluctuation:0.001Size of 1 lot:1000Av. Spread in Points:65Leverage:50:1Swap Long in Points:-10Swap Short in Points:-10Trading hours (GMT+3):Mon 01:01-23:59, Tue 03:01-Fri 23:59
Instrument:VIXNew Instrument:VIXMin. Price Fluctuation:0.01Size of 1 lot:1000Av. Spread in Points:280Leverage:5:1Swap Long in Points:-10Swap Short in Points:-10Trading hours (GMT+3):Mon-Fri 10:15-23:15
Instrument:MSCISNew Instrument:MSCISMin. Price Fluctuation:0.01Size of 1 lot:200Av. Spread in Points:1695Leverage:50:1Swap Long in Points:-1.3889Swap Short in Points:-0.881Trading hours (GMT+3):Mon-Fri 03:31-12:20, 12:50-23:59

What is indices trading?

A stock index tracks and quotes the price of a combination of stocks, where each stock’s value in the index is averaged out according to its market capitalization.

Highly valuable stocks typically represent enjoy more weight in the index valuation, however, changes in the value of a stock index are typically the result of price swings affecting the majority of the companies that make up the index itself.

Stock indices may consist of the best-performing stocks in a country or region, or may comprise the stocks of companies from a specific industry such as mining, technology or agriculture.

Popular stock indices include the Dow Jones and S&P 500 in the U.S as well as DAX and Nikkei in Europe and Asia Pacific respectively.

Indices trading advantages

  • Diversification and lower risk profile
  • Buy or sell capability
  • Higher profit potential with up to 100:1 leverage

What affects the value of indices?

As stated above, the value of an index depends on the average price of the stocks included in the index. When the overall price of the stocks that comprise the index goes up, so does the value of the index.

 

On the other hand, when the companies in the index aren’t faring well, the price of their stock will go down and subsequently so will the value of the index.

 

Therefore, traders who aim to succeed in trading indices need to monitor closely the companies that the index tracks and their performance on the world stage. Economic news and political events that may impact the overall economy of a country or region are equally important to index traders as indices have proven to be an accurate indicator of the economy as a whole.

MORE INFO:

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: CMTrading 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.

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.

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

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 Daily 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 4 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.

Note:

Positions that are held open over Wednesday night will incur a triple swap charge. This is to account for the settlement of trades over the weekend, where no swap rates are charged since the market is closed.

Did you know?

Trading indices is highly popular among conservative investors who prefer lower-risk market opportunities because, due to the weight distribution of each stock in the index, volatility is greatly decreased.

 

Also, since indices are generally composed of large and well-performing companies, they tend to appreciate over time and are therefore highly stable and lucrative investment vehicles.

 

One of the most popular and widely traded indices across the global equity markets is the Dow Jones or Dow Jones Industrial Average Index (DJIA 30). While it used to consist of the mainly industrial stocks, today it tracks 30 of the best-performing companies in the U.S.

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