Indices - Contract for Differences (CFD) Contract Specifications

 

Lot Size

ITEM

U30USD

(US DJ30)

SPXUSD

(US SP500)

NASUSD

(US Tech 100)

D30EUR

(German 30)

225JPY

(Japan 225)

H33HKD

(Hong Kong 33)

100GBP

(UK 100)

200AUD

(Australia 200)

Contract Size

The units of CFDs contracts that made up a standard Lot on Fullerton Markets.
eg. 1 lot of 225/JPY CFD is made up of 10 units of 225/JPY contracts.

1 10 1 1 10 10 1 1

Minimum Lot

The minimum lot size tradable on Fullerton Markets.

1 1 1 1 1 1  1 1

Incremental Steps

The minimum incremental lot size tradable on Fullerton Markets.

1 1 1 1 1 1 1 1

Maximum Lot

The maximum lot size tradable on Fullerton Markets. eg. 250 lots of 225/JPY is made up of 2,500 units of 225/JPY contracts.

250 250 250 250 250 250 250 250

Denominating Currencies

USD USD USD EUR JPY HKD GBP AUD

Margin Requirement

1% 1% 1% 1% 1% 1% 1% 1%

 

Timing

 

ITEM  

U30USD

(US DJ30)

SPXUSD

(US SP500)

NASUSD

(US Tech 100)

D30EUR

(German 30)

225JPY

(Japan 225)

H33HKD

(Hong Kong 33)

100GBP

(UK 100)

200AUD

(Australia 200)

Trading Hours
(Server Time)
Opening:

Monday

0100

Monday

0100

Monday

0100

Monday

0105

Monday

0100

Monday

0315

Monday

0105

Monday

0050

Closing:

Friday

2400

Friday

2400

Friday

2400

Friday

2400

Friday

2400

Friday

1900

Friday

2400

Friday

2200

Break:

2315

to 2330

2315

to 2330

2315

to 2330

2315

to 2330

0000

to 0100

0600

to 0700

&

1030

to 1115

2315

to 2330

0730

to 0810

Server Time 

GMT +2

Daylight Saving

Eastern Daylight Saving Time (EDT)


Charts Fullerton Markets follows New York market close (5 Daily candles a Week).

 

Calculation

 

Margin Percentage

Margin Percentage of CFDs is different for each of CFDs contract, please refer to the percentage under “Lots Size” tab. 

 

Margin Used

Margin = (Lot Size * Contract Size * Margin Percentage * Market Price)

  

Margin Used (When Hedged)

Total Margin used will be 0% of each trade.

 

Margin Call

Margin Call: (Equity)/(Margin Used) < (“Margin Call Percentage”)

Margin call happens when the total Equity funds is less than the “Margin Call Percentage” of the total margin used. To prevent the account from being stopped out, traders are advised to top up their account or to close out some positions to reduce margin used, and to avoid possibility of being stopped out.
The “Margin Call Percentage” varies on the account type and agreement with Fullerton Markets. Please speak to our customer service officer or BDs for more details.

 

Stop Out

Stop Out: (Equity)/(Margin Used) < (“Stop Out Percentage”)

Stop Out happens when the total Equity is less than the “Stop Out Percentage” of the total margin used. When Stop Out level is reached, existing positions may be automatically closed out by Metatrader4 server.

The “Stop Out Percentage” varies on the account type and agreement with Fullerton Markets. Please speak to our customer service officer or BDs for more details.

 

Swap

Swap = (lots * [CFDs Swap in Symbol Currency Value])

Fullerton Markets Swap rates are competitive Bank Swap rates offered by our extensive liquidity partners. The CFDs swaps on Fullerton Markets Metatrader4 are inclusive of Carry Cost and Dividend and are based on the denominating currencies of the CFDs.

CFDs Swap = (Carry Cost + Dividend)

 

ITEM DESCRIPTION
Carry Cost Carry Cost is the financing cost charged for holding a CFD position open on the market overnight. CFD is a geared product, the usage of leveraging means that a portion of the trade will be financed through borrowing from the banks to open a CFD contract.

Carry Cost differs and depends on the relevant overnight interbank interest rates.
Dividend An index is a portfolio of securities, representing a particular market’s performance. Dividend is the amount of earnings a listed public company pays to its shareholders for investing in the company.

The index CFDs on Fullerton Markets are subjected to dividend payout, however the dividend payout varies depending on stock markets’ performance.


3 Times Swap: Friday

 

CFDs contracts on Fullerton Markets are spot contracts and deliverable on T+1 (Trading day +1). To accommodate for Saturday and Sunday, the bank charges 3 times of Carry Cost on Friday. On Friday the CFDs Swap on Fullerton Markets are inclusive of the 3 times Carry Cost.

Effective Friday CFDs Swap = (Carry Cost*3 + Dividend)

On Fullerton Markets Metatrader 4 platform, CFDs Swap are charged 3 times on Friday. To accommodate for this calculation, the “Effective Friday CFDs Swap” are divided by three. Client holding CFDs on Friday will be charged 3 times of “Friday CFDs Swap”

Friday CFDs Swap = [Effective Friday CFDs Swap]/3

 

Execution

 

Market Execution

Fullerton Markets offers the best liquidity with lowest latency connection to our extensive Tier One liquidity partners. All trades at Fullerton Markets are executed directly with the market without requotes.

 

STP

Fullerton Markets employs “Straight Through Processing” (STP), passing on customers’ trades directly to our Tier One liquidity providers.

 

Slippage

Fullerton Markets aims to provide clients with the best trading execution available, and to fill all orders at requested rate. However, there are times when, due to an increase in volume and/or volatility, orders may be subject to slippage. Slippage most commonly occurs during fundamental news events or periods of limited liquidity. During periods such as these, your order type and quantity requested can have an impact on the overall execution you receive.

 

Expiration

The CFDs on Fullerton Markets are over-the-counter (OTC) products and has no expiration date.

 

 

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