Indices

BenchMark offers trading with CFDs on 11 cash indices. CFDs trade on tight spreads, are commission-free, and allow opening long and short positions.

Spreads and margins

Trading with indices in MetaTrader 4 and 5 is free of commissions. Spreads and margin shown in the following table can vary with the market changes:

Code Index Spread  Min.volume¹ Margin²
         EUR USD 
US30 US 30 Wall Street 1.2 points* 0.1 indices 30 36
SPX500 S&P 500 0.5 points 1 index 32 40
NAS100 US Tech 100 NAS 1.2 points 0.1 indices 8 10
UK100 UK 100 1.2 points 0.1 indices 30 36
GER30 Germany 30 1.2 points 0.1 indices 24 28
FRA40 France 40 1.2 points 0.1 indices 20 24
ESP35 Spain 35 30 points 0.1 indices 27 33 
EUSTX50 EU Stocks 50 2.2 points 0.1 indices 16 20
HKG33 Hong Kong 33 8 points 1 index 300 375
JNP225 Nikkei 225 10 points 10 indices 24 28
AUS200 Australia 200 2 points 0.1 indices 19 23

*Standard spred during US session.

1. Please note that BenchMark strives to provide traders with tight, competitive spreads, however, there might be instances when market conditions cause spreads to widen beyond the spreads displayed here. For indexes with minimum trading volume of 0.1 index, this is equal to a deal of 0.1 lots. For SPX500 and HGK33, the minimum volume is 1 index, which is equivalent to a deal of 1 lot. For JPN225, the minimum trading volume is 10 indexes, which is equivalent to a deal of 10 lots.

2. The given margin requirements are related to the announced minimum volumes.

Trading hours

BenchMark offers trading with indices through the MetaTrader platform with the following trading hours (GMT):

Code Trading hours Interruption
US30 Sun 23:00 - Fri 21:00 Daily from 21:00 until 23:00
SPX500 Sun 23:00 - Fri 21:00 Daily from 21:00 until 23:00
NAS100 Sun 23:00 - Fri 21:00 Daily from 21:00 until 23:00
UK100 Sun - Fri 07:00 - 20:55 (Fri 20:45)* None
GER30 Sun - Fri 07:00 - 20:55 (Fri 20:45)* None
FRA40 Sun - Fri 07:00 - 20:55 (Fri 20:45)* None
ESP35 Sun - Fri 07:00 - 19:00 None
EUSTX50 Sun - Fri 07:00 - 20:55 (Fri 20:45)* None
HKG33 Sun - Fri 01:15 - 08:15 Daily from 04:00 until 05:00
JNP225 Sun - Fri 00:00 - 21:15 None
AUS200 Sun - Fri 00:50 - 21:55 (Fri 21:45)* Daily from 07:30 until 08:10 

*UK 100, GER30, FRA40 and EUSTX50 indicesare traded daily until 20:55, except for Fridays, when trading continues until 20:45.

Rollover interest for CFDs on cash indices

All open Index CFD positions at 22:00 GMT are rolled forward to the next trading day:

  • If you hold a long (buy) position, then you will be charged financing based on LIBOR plus 3% to roll the position;
  • If you are short (sell), you may receive/charged financing based on LIBOR minus 2%.

Dividends on CFDs on cash indices

Dividends are paid to the client's account for long positions in CFD on indices, pro rata to the weight of the shares, announced dividend payments in the aggregate index. Dividends are paid, net of all taxes due. Owners of short positions in CFD on indices will owe dividend, pro rata to the weight of the shares, in the aggregate index, which will be deducted from their trading accounts. In MetaTrader, dividend corrections are charged along with the Rollover interest in the "Swap" field.

You can find the exact amount of the applicable swap in the MetaTrader 4 and 5 platforms. To do so, you have to click with the right button of the mouse on the Market Watch window. After that a context menu will appear where you can choose Symbols (for the MetaTrader 4 platform, after you select the desired index, you have to press the Properties button). Bear in mind that the swap numbers are shown in the currency of the account for 1 lot.