CFD Index

CFD Index Product Sheet and Trading Terms
Product Symbol Contract Unit/ Lot Standard Margin Tick Size Tick Value
DAX 30 GER30u 20 1% 0.1 2.0 EUR
Hang Seng Index HK50u 50 1% 0.1 5.0 HKD
Japan Nikkei 225 JPN225u 500 1% 0.1 50.0 JPY
Nasdaq 100 NAS100u 50 1% 0.01 0.5 USD
US S&P 500 SPX500u 100 1% 0.01 1.0 USD
FTSE 100 UK100u 50 1% 0.01 0.5 GBP
US Wall Street 30 US30u 20 1% 0.1 2.0 USD
Dollar Index USDXu 1,000 1% 0.001 1.0 USD
Brent Crude Oil UKOILu 1,000 2% 0.001 1.0 USD
US Crude Oil USOILu 1,000 2% 0.001 1.0 USD
China A50 XINA50u 20 1% 0.1 2.0 USD
Leverage
The above standard margin will be the leverage ratio of CFD Index Product. Leverage ratio of trading accounts does not apply to CFD index product.
The margin hedge is 10% of the new open position margin, which means the sum of one buy and one sell of the hedge position is 20% of one new open position margin
Time Zone and Trading Session
Trading Platform Time Zone: GMT+2 (Daylight Saving Time GMT+3)
GER30u GMT+2/+3 Monday 09:00 to Friday 22:59, weekday break session: 23:00-08:59
HK50u GMT+2 Monday to Friday: 03:15-05:59 / 07:00-10:29 / 11:15-17:45
JPN225u GMT+2/+3 Monday 01:01 to Friday 23:40, weekday break session: 00:00-00:59
NAS100u GMT+2/+3 Monday 01:01 to Friday 23:40, weekday break session: 00:00-00:59
SPX500u GMT+2/+3 Monday 01:01 to Friday 23:40, weekday break session: 00:00-00:59
UK100u GMT+2/+3 Monday 09:00 to Friday 22:59, weekday break session: 23:00-08:59
US30u GMT+2/+3 Monday 01:01 to Friday 23:40, weekday break session: 00:00-00:59
USDXu GMT+2/+3 Monday 03:01 to Friday 23:40, weekday break session: 00:00-02:59
UKOILu GMT+2/+3 Monday 03:01 to Friday 23:40, weekday break session: 00:00-02:59
USOILu GMT+2/+3 Monday 01:01 to Friday 23:40, weekday break session: 00:00-00:59
XINA50u GMT+2 Monday to Friday: 03:00-10:29 / 11:00-22:40
*During Daylight Saving Time GMT+3, the platform displayed trade time of HK50u and XINA50u will be one hour forward.
Calculation of Trading Profit and Loss
Trading Profit / Loss = ( sell price – buy price ) × contract unit × contract volume
* The currency of the profit and loss amount is the same as the tick value currency, for example, UK100u is calculated in British Pound.
Example: client buys 2 lots of UK100u at 5910.60, then closed at 5925.30 :
P&L is ( 5925.30 – 5910.60 ) x 50 x 2 lots = GBP 1,470
Calculation of Swap
Daily Swap Calculation and Process Time: GMT+2/ +3 23:59, 3-days-swap will be charged on every Friday.
Swap Amount per Trading Day = contract volume x buy or sell swap points x point value
Example: client buys 2 lots of UK100u and settled one day after, the buy swap point is -22.
The swap of the day is 2 x -22 x GBP 0.5 = GBP -22
Dividend and Other Calculations that Affect the CFD Index Price
As this does not actually own the physical stocks when trading CFD Index, therefore, this is not actually entitled to distribute any dividend on the constituent stocks, issue any option or split any share. However, to ensure that there is no material impact on the index position after the constituent stocks’ price rises/falls, such extra losses/profits will be automatically deposited/deducted from the account balance (depending on the direction of position).
Adjustment in relevant trading accounts will be reflected (deposit or deduction) the day before the calculation of the ex-dividend date. For example, if the ex-dividend date of a constituent stock is March 20 and client still holds the CFD Index position after that index’s designated settlement time on March 19, it will be included in the calculation list of index dividends.
Please refer to the announcements on the website of the specific index adjustment and the calculation time.
Pending Order
Validity Term of Pending Orders:
1. Take-Profit and Stop-Loss orders on the existing open position are always valid unless cancelled by clients themselves
2. New pending orders are valid until the Friday closing, or cancelled at the time specified by the client (whichever the earlier)
The points gap between the price of pending orders and the market price under normal market conditions: 100 points
*When a price gap occurs, the system’s automatic stop-loss mechanism shall prevail.
Spread and Execution Type
Execution Type (pending orders included): Market price filling
Spread: Floating spread
NOP and Volume Limit
NOP for each client ( including all sub-accounts ) : 20 lots standard contract for each CFDs
The volume range of per click is 0.01 – 10 standard contracts.
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