Indices Trading Details
|indices||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||1||-0.50||-1.31||5||200||$1 * EURUSD||1|
|HKG33||15||-0.50||-0.85||25||300||$10 / USDHKD||10|
|ITA40||20||-0.50||-2.53||20||400||$1 * EURUSD||1|
|SPA35||10||-0.50||-1.24||12||200||$1 * EURUSD||1|
|SUI30||4||-0.50||-0.85||8||200||$1 * USDCHF||1|
|UK100||1||-0.50||-1.22||4||200||$1 * GBPUSD||1|
|*||Margin Based on a position size of 1 lot|
|**||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 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|
|ITA40||Daily 10:00 - 18:40||None|
|SPA35||Daily 10:00 - 18:30||None|
|FRA40||Daily 09:00 - 23:00||None|
|HKG33||Daily 04:15 - 11:15||Daily 07:00 - 08:00|
|SUI30||Daily 08:50- 18:25||None|
|AUS200||Daily 02:50 - 23:00||Daily 09:30 - 10:10|
Attention: During the time period from 23:55 to 00:05 server time increased spreads and decreased liquidity can take place due to daily bank rollover. In case of inadequate liquidity/spreads during bank rollover, widened spreads and excessive slippage may occur. Therefore orders will not be executed during these times.
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.