If the trade was open prior to the ex-dividend date, then the client would be eligible for a dividend payment. For example, if we assume that the ex-dividend date for NAS100 Index is on the 15th May 2022. The owner of the CFD must have an open position for Index NAS100 before the 15th May 2022 and it must remain open until the 15th May 2022 in order to receive the dividend. The owner (long position) of the CFD will receive the dividend while a seller (short position) will pay the dividend.

The market hours for indices follows the underlying market from which they are based. For instance, US500 will follow the NYSE market hours whereas the ASX will follow the Australian market hours. For more information Market Hours page.

Global Prime has some of the tightest CFD spreads in the world. The average spread on indices can be found at the following link: spread and conditions.

‍

Index CFDs are cash instruments and subject to daily rollover fees. 3 day CFD financing is applied to open positions on Friday to cover the weekend (as opposed to 3 day FX swaps applied on Wednesday rollover).

‍

Our CFD prices come from our stack of non-bank market makers who derive prices by way of a fair value estimate of the price in the underlying market (crypto, indices, stocks etc) whilst accounting for factors such as their exposure and hedging requirements.

‍

Indices are a measurement of the price performance of a basket of stocks from an exchange. For instance, the AUS200 follows the 200 largest companies on the Australian Stock Exchange and the US500 tracks the largest 500 companies by market cap on the following exchanges; NYSE, NASDAQ, CBOE. Our index CFDs are derivative securities that track the underlying markets as well as the pricing from our CFD providers and enable clients to speculate on price movements without having to actually own the actual futures product.

‍

CFD trading is extremely risky. As you are trading a leveraged product, you will have the ability to open positions that are far larger than your account balance. Accordingly, it is possible to lose more than your account balance.

‍

We offer competitive leverage rates which are determined by the Global Prime entity you register with. See our leverage here.

Market conditions will vary outside of market hours and the spreads on these products may widen. The underlying market that Index CFDs are based on can be closed or become less liquid. CFD providers are able to offer a fair value estimate of where the futures market would be, enabling 24h pricing. Please be wary of this and ensure that you are aware of the increased volatility present outside of market hours.

‍

The maximum that can be traded in a single trade is 1000 lots. To trade more, you'll need to make a separate trade.

‍

As with all CFD products, positions held overnight (17:00 ET/EDT) will be charged or paid a swap/financing fee.

‍

The minimum lot size that can be traded on Index CFDs is 0.10 lots.

‍

One index point is equal to 1 unit of base currency. For instance, one index point of the UK100 is equal to 1 GBP whereas 1 index point of the NAS100 is = to 1 USD.

‍

Yes, dividend payments are adjusted after the fact and are either charged or credited to your account depending on your position - usually on the day following the ex-dividend date.

Indices are a measurement of the price performance of a basket of stocks from an exchange. For instance, the AUS200 follows the 200 largest companies on the Australian Stock Exchange and the US500 tracks the largest 500 companies by market cap on the following exchanges; NYSE, NASDAQ, CBOE. Our index CFDs are derivative securities that track the underlying markets as well as the pricing from our CFD providers and enable clients to speculate on price movements without having to actually own the actual futures product.

‍