Indices Trading
Trading in the LMFX Indices provides a diversified point of access to various countries individual stock exchanges. So rather than trade in one single stock, trade in the U.K.'s FTSE or the German DAX and spread your exposure across the constituents of each index.
As with the LMFX Single Stock CFDs, you are able to benefit from the pricing mirroring the underlying exchange traded product, leverage and a low commission fee.
SWAP Policy Trading Hours Execution Desk| Index | Typical Spread | Swap Short | Swap Long | Limit and Stop Levels | Used Margin * | Tick Value ** per lot | Contract Size (1 lot) |
|---|---|---|---|---|---|---|---|
| AUS200 | 2 | -0.50 | -0.85 | 7 | 200 | $1 * AUDUSD | 1 |
| FRA40 | 1 | -0.50 | -0.85 | 5 | 200 | $1 * EURUSD | 1 |
| GER30 | 2 | -0.50 | -1.13 | 5 | 200 | $1 * EURUSD | 1 |
| ITA40 | 20 | -0.50 | -2.40 | 20 | 400 | $1 * EURUSD | 1 |
| SPA35 | 10 | -0.50 | -1.14 | 12 | 200 | $1 * EURUSD | 1 |
| UK100 | 1 | -0.50 | -1.08 | 4 | 200 | $1 * GBPUSD | 1 |
| USA100 | 2 | -0.50 | -0.85 | 4 | 50 | $1 | 1 |
| USA30 | 4 | -0.50 | -1.86 | 6 | 100 | $1 | 1 |
| USA500 | 0.5 | -0.50 | -2.15 | -2.23 | 160 | $1 | 1 |
| USDIndex | 11 | -5.5 | -8.5 | 7 | 200 | $1 | 1 |
| SHCOMP | 20 | -1.5 | -2.03 | 25 | 300 | $1 / USDCNH | 1 |
| SUI20 | 4 | -0.50 | -0.85 | 8 | 200 | $1 / USDCHF | 1 |
** 1 lot equals 1 contract
*** Triple Swaps is applied on Friday. Swaps may be adjusted daily based on market conditions and are applicable to all open positions. The rates are provided by our Liquidity Providers and are adjusted for corporate actions such as dividends payout.
**** There is a commission of $2 per lot traded (round turn) Attention: CFD Indices products allow traders to potentially profit or loss from the fluctuations in the price of the underlying cash index. Traders should take reasonable care to maintain sufficient available funds to avoid negative account equity due to position size and overnight swap charges especially during ex-dividend dates.
Trading Hours
| Trading Product | Trading Hours (GMT+2) | Break Time (GMT+2) |
|---|---|---|
| USA30 | Mon 01:00 - Fri 23:15 | Daily from 23:15 until 23.30 |
| USA500 | Mon 01:00 - Fri 23:15 | Daily from 23:15 until 23.30 |
| USA100 | Mon 01:00 - Fri 23:15 | Daily from 23:15 until 23.30 |
| UK100 | Daily 09:00 - 23:00 | None |
| GER30 | Daily 09:00- 23:00 | None |
| SPA35 | Daily 10:00 - 18:30 | None |
| FRA40 | Daily 09:00 - 23:00 | None |
| SUI30 | Daily 08:50- 18:25 | None |
| AUS200 | Daily 00:50 - 23:00 | Daily 07:30 - 08:10 |
Indices Overnight SWAP Rates
As with forex transactions, all Index CFDs are subject to overnight financing. Intraday positions incur no charges.
Through these overnight charges, we also allow for any corporate action resulting in funds being transferred to shareholders; exchange offers or bonus offers etc.
Therefore, in the event that a single stock you hold that forms part of the underlying index – therefore you are long - issues a dividend payment and you have held this position overnight, you will receive this dividend in the form of an adjustment to the SWAP. Conversely, a short position will be charged this through the overnight SWAP.
Due to the fact that you have entered into an Index CfD which consists of many underlying stocks, you may see frequent changes to the SWAP during times of corporate announcements.
Triple SWAPS are applied on Friday for all Index CFDs.
Please refer to the LMFX website for the corresponding SWAP rates.
