What are Indices?

Indices are a measurement of the price performance of a group of shares from an exchange. For example, the FTSE 100 tracks the 100 largest companies on the London Stock Exchange. Trading indices in DCFX enables you to get exposure to an entire economy or sector at once, while only having to open a single position.

Advantages of trading Indices with DCFX

  • Access global stock indices including DOW and DAX
  • Go long or short on Indices
  • Competitive spreads and low margin requirements
  • No overnight holding cost for any open position

Details

InstrumentSize of 1 lotGap LimitationExpiry Date
ChinaA50
FTSE–Xinhua China A50 Index
10 USD -- --
DAX
German Stock Index
25 EUR -- --
DOW
Dow Jones Index
5 USD -- --
FTSE100
Financial Times Stock Exchange 100 Index
10 GBP -- --
HSI
Heng Seng Index
5 USD -- --
NAS100
Nasdaq Index
20 USD -- --
NIKKEI
NIKKEI Index
5 USD -- --
SPX500
Standard & Poor Index
50 USD -- --
Trading Session (UTC+3)
InstrumentOpenCloseBreak
ChinaA50 MON 04:05 FRI 20:30 Daily 11:31-12:14
DAX MON 03:15 FRI 23:00 --
DOW MON 01:05 FRI 23:55 Daily 23:16-23:29
FTSE100 MON 03:05 FRI 23:00 --
HSI MON 04:20 FRI 20:00 Daily 07:01-07:00, 11:31-12:15
NAS100 MON 01:05 FRI 23:55 Daily 23:16-23:29
NIKKEI MON 02:31 FRI 23:15 Daily 09:26-10:30
SPX500 MON 01:05 FRI 23:55 Daily 23:16-23:29

Transaction Terms and Conditions

  • 1.Each Transaction will be given a bid price with spread based on live market price.
  • 2.Hectic Market Condition-a situation when the market is in volatile conditions. In this situation, the spread will be based on the conditions of the price movement as well as the quotation provided by the Liquidity Provider. In some cases, the stop level will also be changed. What is meant by Hectic conditions if at least one of the situations below is met, and not caused by the wrong quote, as follows:
    a.Bid or Offer only one side.
    b.Spread between Bid and Offer is more than normal spread provided by Liquid Provider.
    c. Political news, economic news, terrorism, natural disaster, etc. could make prices more hectic then as usual.
  • 3.When Hectic Market, the ability to transact may be disrupted if the banks and market makers getting slow and do not set the prices, the company has a right to make spread widen according to market condition.
  • 4.Each Transaction will be limited by maximum 20 lots.

Wrong Quote

If there is a price error (wrong quote) on the system, the company has the right to cancel the transaction that occurs with or without the consent of the customer.

Important

Swaps values may be adjusted daily based on market conditions and rates provided by our Price Provider applicable to all open positions. Triple swaps are applied every Friday. Server Times: Winter: GMT+2 and Summer: GMT+3 (DST) (last Sunday of March and ends last Sunday of October).
During the time period from 23:55 to 00:05 server time widened spreads and low 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 may not be executed during these times.
Commission charge starting from 7 USD per lot (round turn) is applied.

Calculating Index Margin Requirements

Account base currency USD
Position: Open 1 lot BUY DOW at 34,086
Maintenance Margin: 1%
Margin required is: 34086*1*5*1% = 1704.3 USD