Trade the Equity Markets with HotForex
Equities/Shares are one of the most popular Financial Instruments worldwide. HotForex offers Contracts for difference.
Trading shares through CFD’s allows trades to take either ‘Short’ or ‘Long’ positions for any single share without the need for owning the physical share.
By trading CFD’s on shares, via HotForex’s award winning services traders can enjoy many benefits such as:
- Strong Liquidity and Reliable Execution
- Short selling on any CFD
- Access to the most liquid shares in the U.S. and the U.K.
- Hedging Available
- Trade Shares from the same account that you trade Forex, Commodities and Indices
- Trade larger volumes through the use of leverage
The prices offered on the Share CFD’s by HotForex closely track the actual prices of the shares traded on the exchanges. There is a commission charge of 0.10% and the margin requirements are 5%-10% of the underlying exposure.
Shares CFDs Trading Details
|Description||1 Lot Size||Used Margin||Spreads||Swap Short ***||Swap Long ***||Limit and Stop Levels||Commission||Point Value per Share in USD|
|American Express||100 Shares||10%||0.04||-0.58||-0.77||0.03||0.10%||$0.01|
|BANK OF AMERICA||100 Shares||10%||0.04||-0.10||-0.13||0.02||0.10%||$0.01|
|Boeing Co||100 Shares||10%||0.04||-0.78||-0.96||0.05||0.10%||$0.01|
|Chevron Corp||100 Shares||10%||0.04||-0.73||-0.90||0.05||0.10%||$0.01|
|Coca Cola Inc.||100 Shares||10%||0.04||-0.24||-0.29||0.05||0.10%||$0.01|
|General Electric||100 Shares||10%||0.04||-0.16||-0.20||0.03||0.10%||$0.01|
|Goldman Sachs||100 Shares||10%||0.06||-0.99||-1.21||0.05||0.10%||$0.01|
|Cisco Systems||100 Shares||10%||0.04||-0.14||-0.17||0.03||0.10%||$0.01|
|FaceBook Inc||100 Shares||10%||0.04||-0.36||-0.43||0.03||0.10%||$0.01|
|Illumina Inc||100 Shares||10%||0.12||-0.88||-1.07||0.30||0.10%||$0.01|
|Qualcomm Inc.||100 Shares||10%||0.04||-0.49||-0.60||0.03||0.10%||$0.01|
|Teva Pharmaceutical Ind||100 Shares||10%||0.04||-0.32||-0.39||0.05||0.10%||$0.01|
|Anglo American||100 Shares||10%||1.00||-0.14||-0.22||1.50||0.10%||0.01 GBPUSD rate|
|Barclays||100 Shares||10%||0.11||-0.02||-0.03||0.15||0.10%||0.01 GBPUSD rate|
|BP Plc||100 Shares||10%||0.12||-0.04||-0.07||0.15||0.10%||0.01 GBPUSD rate|
|British Airways||100 Shares||10%||0.03||-0.04||-0.06||0.30||0.10%||0.01 GBPUSD rate|
|HSBC Holdings||100 Shares||10%||0.02||-0.06||-0.08||0.30||0.10%||0.01 GBPUSD rate|
|Lloyds TSB Group Plc.||100 Shares||10%||0.03||-0.01||-0.01||0.05||0.10%||0.01 GBPUSD rate|
|Rio Tinto Group||100 Shares||10%||1.00||-0.31||-0.47||1.50||0.10%||0.01 GBPUSD rate|
|Royal Bank Of Scotland Group Plc.||100 Shares||10%||0.20||-0.03||-0.04||0.30||0.10%||0.01 GBPUSD rate|
|Tesco Plc||100 Shares||10%||0.12||-0.03||-0.04||0.15||0.10%||0.01 GBPUSD rate|
|Vodafone||100 Shares||10%||0.08||-0.02||-0.03||0.10||0.10%||0.01 GBPUSD rate|
|CEZ Group||100 Shares||10%||1.10||-4.05||-3.95||30||0.10%||10/USDCZK rate|
Trading Hours*Trading hours for U.S. Equity Markets 16:31 - 22:55 (GMT+3) Monday to Friday.
** Trading hours for London Stock Exchange 10:01 - 18:25 (GMT+3) Monday to Friday.
UK/LSE stocks are quoted in Pence
***Triple Swaps is applied on Wednesday. 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.
**** Maximum Trade Size is 5 lots
Shares and Indices CFDs Overnight Swap Rates
Positions on shares and indices CFDs are subject to an overnight financing credit/debit charge. Please note that when traders open and close a position within the same trading day, they are not subject to overnight financing.
These overnight charges can be adjusted for corporate actions such as cash dividends pay outs, exchange offers, dividend options, bonus issues etc.
For example, if a share CFD traded by the client and held overnight pays out dividend on that date (goes ex-dividend date), then the client with a long position will be entitled to receive the dividend as an adjustment in the swap. In the case that the client holds a short position on the share CFD, this position will be charged the relevant dividend adjustment through the overnight swap. In this example the swap for long positions will be increased to reflect the dividend payment, and the swap for the short positions will be decreased respectively.
The above applies both for single shares CFDs and for all equity indices offered by HotForex. Equity indices are most likely to incur frequent dividend swap adjustments as the underlying of equity indices consist of many stocks.
Triple swaps are applied every Friday on all open positions held over the weekend for CFD on Indices.
Triple swaps are applied on all open positions held every Wednesday for CFDs on Shares.
All swap rates are updated on both the company’s website and the MT4 platform with a cut off time 14:30 GMT.