Markets
Indices
Use Global Prime as Your Indices Broker
If you're after tight spreads and great execution then you'll love our Index CFD offerings. We use specialist non-bank market makers to derive a fast and sharp price across our range of Index CFDs. With Global Prime, you can go long or short indices with leverage to capitalise on macroeconomic trends. Trade today and pay $0 in commissions on all Index CFDs.
Benefits of Trading Indices
Trade indices as leveraged CFDs with tight spreads. Access popular indices:
S&P 500, GER40, UK100 and more.
Low cost trading |  |
Get exposure to an entire market sector at once | |
Hedge against a drop in the value of your shares portfolio | |
Speculate on a group of shares for less than the cost of trading them individually | |
Why Trade Index CFDs?
Our Index CFDs allow you to take a view on the world’s largest and most important global stock markets without trading or owning the underlying shares. Indices such as the DJIA index (US30) represent a basket of the 30 largest companies listed on US stock exchanges. These Indices can be bought or sold using a CFD with the aim of generating a profit.
Most traders will know the value of the S&P500 and DJIA in order to understand the current market sentiment/regime/theme, e.g. risk on or risk off, bullish or bearish. Even if you’re not an Index trader, these are markets that you’ll want to keep an eye on.
Check our Market hours for open/trading hours across all of our products.
FAQs
When is the owner of an Index CFD entitled to a dividend?
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.
When are weekend financing costs applied?
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).
Where do our CFD prices come from?
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.
What are Indices CFDs?
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.
Are trading CFDs risky?
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.
What is the maximum leverage offered on indices?
We offer competitive leverage rates which are determined by the Global Prime entity you register with. See our leverage here
Is there a difference between trading indices in market hours vs out of market hours?
Market conditions will vary outside of market hours and the spreads on these products may widen. The underlying market that Indices 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.
Will I be charged swap fees for CFDs?
As with all CFD products, positions held overnight (17:00 ET/EDT) will be charged or paid a swap/financing fee.
What is the maximum trade size I can open on indices?
The maximum that can be traded in a single trade is 1000 lots. To trade more, you'll need to make a separate trade.
What is the minimum lot size I can trade on indices?
The minimum lot size that can be traded on indices is 0.10 lots except for US500, JPN 225 and HK50, which have a 1 lot minimum.
What are the market hours for the indices?
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.
What is the value of one index point of indices?
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.
What are the average spreads on indices?
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.
Will I receive dividend payments from trading indices?
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.