BenchMark offers online trading on over 50 of the largest European and US companies such as Apple, Amazon, Facebook, Coca Cola, Google, Tesla, Citigroup, BMW and others. Shares are offered as CFDs in the MetaTrader platform. Trade without minimum commissions and at real-time prices without subscription requirement.
Online trading of stocks gives the opportunity for trading both directions - rising or falling markets - and because CFDs are traded on margin (leverage), transactions can be made without the need to pay their full value.
Online stock trading can be tested with a free demo account only on the MetaTrader 5 platform, where 7 companies are available for trading.
|Min. trading volume||from 1 share (1 lot)|
|Margin requirement||starting from 10%|
|Min. commissions||No min. commissions|
|Hedging without margin||YES|
|Stop/Limit orders restrictions||NO, without restrictions|
|Expert Advisors||YES, without restrictions|
|Quotes in real time||YES, completely free|
This table shows trading conditions for the MetaTrader platform. Margin Pro column shows the margin applicable to professional clients. The minimum trading volume is 1 share (1 lot).
|Name||Code||Currency||Margin Pro||Margin retail||Commission*|
|Alibaba Group Holding Ltd.||#Alibaba||USD||10%||20%||0.05/share|
|Coca Cola Ent.||#CocaCola||USD||10%||20%||0.05/share|
|General Electric Co.||#GenElec||USD||10%||20%||0.05/share|
|General Motors Co.||#GenMotors||USD||10%||20%||0.05/share|
|Google Class C||USD||10%||20%||0.05/share|
|International Business Machines Co.||#IBM||USD||10%||20%||0.05/share|
|Exxon Mobil Corp.||#ExxonMobil||USD||10%||20%||0.05/share|
|JPMorgan Chase & Co.||#JPMorgan||USD||10%||20%||0.05/share|
|Goldman Sachs Group||#GoldmSachs||USD||10%||20%||0.05/share|
|American International Group Inc.||#AIG||USD||10%||20%||0.05/share|
|Bank Of America||#BofAmerica||USD||10%||20%||0.05/share|
|Ford Motor Co.||#Ford||USD||10%||20%||0.05/share|
|Johnson & Jonhnson||#J&J||USD||10%||20%||0.05/share|
|Procter & Gamble Co.||#P&G||USD||10%||20%||0.05/share|
|Cisco Systems Inc.||#Cisco||USD||10%||20%||0.05/share|
|American Express Co.||#AmericanEx||USD||10%||20%||0.05/share|
|Boeing Company Co.||#Boeing||USD||10%||20%||0.05/share|
|China Mobile Ltd.||#ChinaMobil||USD||20%||20%||0.05/share|
|Walt Disney Co.||#Disney||USD||10%||20%||0.05/share|
|Mondelez International Inc.||#Mondelez||USD||20%||20%||0.05/share|
|Petroleo Brasileiro Petrobras||#PetroleoBr||USD||10%||20%||0.05/share|
|United Parcel Service Inc.||#U.P.S||USD||20%||20%||0.05/share|
|United Technologies Corp.||#UnitedTech||USD||10%||20%||0.05/share|
|Wal-Mart Stores Inc.||#Walmart||USD||10%||20%||0.05/share|
|YUM! Brands Inc.||#YumFoods||USD||10%||20%||0.05/share|
|Home Depot Inc.||#HomeDepot||USD||10%||20%||0.05/share|
|Wells Fargo & Co.||#WellFargo||USD||10%||20%||0.05/share|
|Deutsche Bank AG||#DeutscBank||EUR||10%||20%||0.10%|
|Deutsche Post AG||#DeutscPost||EUR||10%||20%||0.10%|
|Deutsche Lufthansa AG||#Lufthansa||EUR||10%||20%||0.10%|
|Credit Agricole SA||#CrAgricole||EUR||10%||20%||0.10%|
*Commission is payed for every deal made - for opening and closing a position. The commssion charged is in the account currency.
The trading hours of stock CFDs depend on the working hours of the exchange, on which it is being offered. Below you can find a list with the working hours of the exchanges:
|New York Stock Exchange||14:30 - 21:00|
|NYSE ARCA||14:30 - 21:00|
|NASDAQ||14:30 - 21:00|
|Deutsche Börse||08:00 - 16:30|
|Euronext Paris||08:00 - 16:30|
CFD's on equities from Germany make a daily pause between 12:00 and 12:05 GMT.
The quotes offered in MetaTrader 4/5 platforms, are in real time and they are completely free for clients of Benchmark.
For positions in CFDs on stocks, left open for each new working day, an interest is charged, depending on the type of the position. The interest is charged from the account if the client leaves a position open for the next exchange session:
If you open and close a position in CFD on stock in the same trading session, the position is not subjected to the aforementioned debits.
*If Inter-Bank Offer Rate for the currency, in which the stock on CFD is traded, minus the 2.5% markup, gives a negative value, interest for short CFD positions will be charged.
Dividends are received from a client account, if he has long position in stock CFD where the issuer of the stock pays dividend. The dividend payment is made on the "Ex dividend" date. Clients with short positions in stock CFDs with a dividend payment, have to pay this dividend and the required amount will be debited from their accounts.
Important: The margin requirements for stock CFDs with upcoming financial report and/or corporate event can be increased up to 5 times from the standard levels. BenchMark reserves the right to keep the higher margin rates several days after the corporate event, depending on the market conditions with the stock.
If you have an opened position in stock CFD where the issuer of the stock pays dividends, at the beginning of the trading day that coincides with the "Ex dividend" date, a dividend will be applied to your account. If you have long position, you will receive the net amount of the dividend. If you have short position, you will be charged the gross amount of the dividend. The exact amount of the dividend is shown in Swap column in the platform, together with the daily interest. The actual value that will be credited/debited at the begging of the "Ex dividend" date, will be available in the MetaTrader 4/5 platforms after 17:00 GMT on the previous day.
The accrual of dividends in CFDs on equities in the MetaTrader platform is perform as follows:
On the "Ex dividend" date, the stock starts trading without the right for receiving a dividend. This circumstance is reflected in the price of the respective share.
Since there is no effect on the market value of the company, the split is reflected in the stock price in the ratio announced by the issuer.
Example: A client has 100 shares in Apple, opened at 180 USD per share. The current market price of Apple is 200 USD per share so the current P/L is 2 000 USD (without commissions or interest applied). Apple announces a split in 1 to 2 ratio. The current position of a client will be closed with zero P/L. Instead, the client will receive new position with 200 shares of Apple with an opening price of 90 USD (180/2). Since the market value of Apple will be left unchanged, it will be 100 USD (200/2) and the current P/L of the client will remain 2 000 USD (without commissions or interests applied).
Important: When a Split or Reverse Split is announced, all working pending orders for this particular CFD on stock will be removed.
If an issuer announces stock rights, a client holding CFD on stock will not be able to exercise any rights in the MetaTrader platforms.
The applied daily swap rates for both long and short position in CFD on stocks 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.
Short selling CFD on stocks is done by the rules of the respective exchange. For example, in a short sell of CFD on stocks, you can be forced to close your position, in case the traded by you CFD is being recalled.
That can happen, if the borrowing of the base stock is limited, because of corporate actions, like acquisitions, dividends, rights and other actions of stock restructuring.
Important: If the issuer of the stock announces that the stock will be delisted from the exchange it is being traded, this will mean that the trading with the shares will be terminated. If a client of BenchMark has a position in such stock, he will have to close it. If on the last trading day the client positions are still opened, BenchMark will close the positions at the closing price on the last trading day.