Indices Trading
Trading in the LMFX Indices provides a diversified point of access to various countries' stock exchanges.
Make the trade
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.
| Index | Typical Spread (pips) | Swap Short (points) | Swap Long (points) | Limit/Stop Levels (pips) | Used Margin* | Tick Value** per lot | Contract size (1 lot) |
|---|---|---|---|---|---|---|---|
| AUS200 | 2 | 0.31 | -1.81 | 70 | 200 | $1 * AUDUSD | 1 |
| FRA40 | 1 | 0.03 | -1.09 | 50 | 200 | $1 * EURUSD | 1 |
| GER40 | 6 | 0.08 | -3.37 | 5 | 200 | $1 * EURUSD | 1 |
| SPA35 | 27 | 0.05 | -1.99 | 120 | 200 | $1 * EURUSD | 1 |
| UK100 | 1 | 0.38 | -1.97 | 40 | 200 | $1 * GBPUSD | 1 |
| USA100 | 6 | 1.07 | -5.25 | 40 | 50 | $1 | 1 |
| USA30 | 6 | 2.12 | -10.39 | 60 | 100 | $1 | 1 |
| USA500 | 0.8 | 0.3 | -1.45 | 20 | 160 | $1 | 1 |
| USDIndex | 0.4 | -5.5 | -8.5 | 7 | 200 | $1 | 1 |
* Margin Based on a position size of 1 lot
** 1 lot equals 1 contract
Note:
- 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)
- Maximum trade size is 1 lot per index per live account
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+3) | Break Time (GMT+3) |
|---|---|---|
| AUS200 | Every weekday 00:50 - 23:00 | Daily 07:30 - 08:10 |
| FRA40 | Every weekday 09:00 - 23:00 | None |
| GER40 | Every weekday 09:00 - 23:00 | None |
| SPA35 | Every weekday 10:00 - 18:30 | None |
| USDIndex | Every weekday 03:00 - 00:00 | None |
| UK100 | Every weekday 09:00 - 23:00 | None |
| USA100 | Monday 01:00 - Friday 23:15 | Daily 23:15 - 23:30 |
| USA30 | Monday 01:00 - Friday 23:15 | Daily 23:15 - 23:30 |
| USA500 | Monday 01:00 - Friday 23:15 | Daily 23:15 - 23:30 |
Attention: During the time period from 23:55 to 00:15 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.
The Trading Desk will ensure that the flow of pricing reflects current market prices for the open during which time any orders or trades held over the weekend will be subject to execution. During this time the pricing being streamed is non-executable for new market orders.
Note: Following the move from one trading session to another, from time to time there is a degradation in market liquidity. This is normal behavior in the market but may result in some orders being filled at a price different to that requested and that the spreads may also widen during this time. After the open, traders may place new trades, and cancel or modify existing orders.
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.
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Risk Warning: Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. Trade responsibly: 71.11% of retail investor accounts lose money when trading CFDs with this provider. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. All information on this website is not directed toward soliciting citizens or residents of the United States, United Kingdom, Japan or any other jurisdiction that would be contrary to local law or regulation. Past performance of CFDs is not a reliable indicator of future results. Most CFDs have no set maturity date. Hence, a CFD position matures on the date you choose to close an existing open position. Seek independent advice, if necessary. Please read LMFX’s full ‘Risk Disclosure Statement’.
Please note that the availability of the products or services on this website is subject to jurisdictional limitations. LMFX.com may not offer certain products, features and/or services on in certain jurisdictions due to potential or actual regulatory restrictions.
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