BenchMark offers online trading on the most popular spot indices from Europe, North America, Asia and Australia, such as US30, SPX500, NAS100, GER30, UK100 and others. Spot indices are offered in the MetaTrader platform as CFDs. Competitive spreads and no commission trading are offered on all Spot indices.
World indices are an incredibly important part of the financial markets, representing the top shares of a particular exchange. The value of each spot index rises as the share prices of the respective companies increase, while a drop in share prices results in a drop in the specific index price as well.
|Commissions and other taxes||NO, only spread|
|Min. trading volume||from 0.1 index (0.1 lot)|
|Margin requirement||from 0.5%|
|Long and Short positions in indices||YES|
|Hedging without margin||YES|
|Experts||YES, without restrictions|
BenchMark applies different margins and stop-out conditions according to the client's categorization as retail or professional and the amount of the equity on the client's trading account. You can change your margin group by sending a request trough the client area. The conditions for each individual group are described in the table below:
|Margin group||Client's equity||Leverage||Stop-out level|
|Professionals group 1||<10 000 €/$||1:400||30%|
|Professionals group 2||10 000 - 50 000 €/$||1:200||30%|
|Professionals group 3||50 000 - 200 000 €/$||1:100||30%|
|Professionals group 4||>200 000 €/$||1:50||50%|
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:
|US30||1.2 points (2.2 points)¹||0.1 indices||0.5%||1%||2%||4%||5%|
|SPX500||0.5 points||1 index||0.5%||1%||2%||4%||5%|
|NAS100||1.2 points||0.1 indices||0.5%||1%||2%||4%||5%|
|GER30||1.2 points (7.2 points)²||0.1 indices||0.5%||1%||2%||4%||5%|
|UK100||1.4 points (5.4 points)³||0.1 indices||2.0%||4%||8%||16%||5%|
|FRA40||1.2 points||0.1 indices||2.0%||4%||8%||16%||5%|
|ESP35||30 points||0.1 indices||2.0%||4%||8%||16%||10%|
|EUSTX50||2.2 points||0.1 indices||2.0%||4%||8%||16%||5%|
|HKG50||16 points||0.1 indices||2.5%||5%||10%||20%||10%|
|JNP225||10 points||10 indices||0.5%||1%||2%||4%||5%|
|AUS200||2 points||0.1 indices||2.0%||4%||8%||16%||5%|
¹Spread between 21:00 - 14:30 GMT
²Spread between 21:00 - 07:00 GMT
³Spread between 21:00 - 07:00 GMT
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.
The given margin requirements are related to the announced minimum volumes.
BenchMark offers trading with indices through the MetaTrader platform with the following trading hours (GMT):
|US30||Sun 23:00 - Fri 22:00||Daily from 21:15 until 21:30 and from 22:00 untill 23:00|
|SPX500||Sun 23:00 - Fri 22:00||Daily from 21:15 until 21:30 and from 22:00 untill 23:00|
|NAS100||Sun 23:00 - Fri 22:00||Daily from 21:15 until 21:30 and from 22:00 untill 23:00|
|UK100||Sun 23:00 - Fri 21:15||Daily from 21:15 until 21:30 and from 22:00 untill 23:00|
|GER30||Sun 23:00 - Fri 21:15||Daily from 21:15 until 21:30 and from 22:00 untill 23:00|
|FRA40||Sun - Fri 07:00 - 21:00||None|
|ESP35||Sun - Fri 07:00 - 19:00||None|
|EUSTX50||Sun - Fri 07:00 - 21:00||None|
|HKG50||Sun - Fri 01:15 - 17:00||Daily from 04:00 until 05:00; 8:30 until 9:15|
|JNP225||Sun - Fri 23:00 - 22:00||None|
|AUS200||Sun - Fri 22:50 - 21:00||Daily from 05:30 until 06:10|
All open Index CFD positions at 22:00 GMT are rolled forward to the next trading day:
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.
The applied daily swap rates for both long and short position in indices can be checked on this link.
Note: Swap rates, which will be applied for the next day, are updated in the calculator after 16:00 GMT.
The rates are calculated at the beginning of the next business day (17:00 New York time). When opening and closing a position within the same business day, the position will not be swaped.