Contract Specification

The following contract specifications apply to trading via the MetaTrader account. As of June 13, 2022.   


Eurex Futures

The trading volume of Eurex Futures is a minimum of 1 and a maximum of 100 units.

Exchange Symbol Margin Intraday (€) Overnight Margin (€)* Trading Times CET Tick Size Tick Value (€)
FDAX DAX Futures 3,700.00 37,200.00 Mo - Fr 02:15 a.m. - 10:00 p.m. 1 25
FDXM Mini-DAX Futures 380.00 7,450.00 Mo - Fr 02:15 a.m. - 10:00 p.m. 1 5
FDXS Micro-DAX Futures 75.00 1,500.00 Mo - Fr 02:15 a.m. - 10:00 p.m. 1 1
FTDX TecDAX Futures 225.00 2,250.00 Mo - Fr 08:00 a.m. - 10:00 p.m. 0.5 5
FGBL Euro Bund Futures (10 Jahre) 380.00 3,800.00 Mo - Fr 08:00 a.m. - 10:00 p.m. 0.01 10
FGBS Euro Schatz Futures (2 Jahre) 85.00 820.00 Mo - Fr 08:00 a.m. - 10:00 p.m. 0.005 5
FGBM Euro Bobl Futures (5 Jahre) 200.00 2,050.00 Mo - Fr 08:00 a.m. - 10:00 p.m. 0.01 10
FESX EURO STOXX 50 Index Futures 410.00 4,100.00 Mo - Fr 02:15 a.m. - 10:00 p.m. 1 10
FSXE Micro-EURO STOXX 50 Futures 40.00 410.00 Mo - Fr 02:15 a.m. - 10:00 p.m. 0.5 0.5
FSTX STOXX Europe 50 Index Futures 310.00 3,100.00 Mo - Fr 07:50 a.m. - 10:00 p.m. 1 10
FGBX Euro Buxl Futures (30 Jahre) 820.00 8,200.00 Mo - Fr 08:00 a.m. - 10:00 p.m. 0.02 20
FVS VSTOXX Futures 55.00 530.00 Mo - Fr 07:50 a.m. - 10:00 p.m. 0.05 5
FXXP STOXX Europe 600 Index Futures 200.00 2,000.00 Mo - Fr 07:50 a.m. - 10:00 p.m. 0.1 5

Contract months and last trading days of tradeable Futures

Futures Maturities: FXFlat restricts the trading of expiring futures contracts to position closures 3 days prior to the Final Settlement Date. New contracts can only be opened in the following maturity. On the last trading day FXFlat will close existing positions via MKT order, 1 hour before the official close of trading of the respective futures.

All Dax® Futures: Standard Contract Months is up to 9 months: The three nearest quarterly months of March, June, September and December cycle. Last trading day is the final settlement day. Final settlement day is the third Friday of each maturity month if this is an exchange day; otherwise the exchange day immediately preceding that day. Close of trading in the maturing futures on the last trading day is at the beginning of the Xetra® intraday auction starting at 01:00 p.m. CET.

STOXX® Europe 600 Index Futures (FXXP): Contract Months: Standard - up to 9 months: The three nearest quarterly months of the March, June, September and December cycle. Last Trading Day and Final Settlement Day. Final Settlement Day is the third Friday of each maturity month if this is an exchange day; otherwise the exchange day immediately preceding that day. Close of trading in the maturing futures on the Last Trading Day is at 12:00 p.m. CET.

All Fixed Income Futures (FGBS, FGBM, FGBL & FGBX): Contract months: Up to 9 months:The three nearest quarterly months of the March, June, September and December cycle.
Last trading day: Two exchange days prior to the delivery day of the relevant maturity month. Close of trading in the maturing futures on the last trading day is at 12:30 p.m. CET.

EURO STOXX 50® Index Futures + STOXX® Europe 50 Index Futures: Contract months: Standard - up to 9 months: The three nearest quarterly months of the March, June, September and December cycle. Last trading day is the final settlement day. Final settlement day is the third Friday of each maturity month if this is an exchange day; otherwise the exchange day immediately preceding that day. Close of trading in the maturing futures on the last trading day is at 12:00 p.m. CET.

VSTOXX® Futures: Contract months: Up to 8 months: The eight nearest successive calendar months. Last trading day is the final settlement day. Final settlement day is 30 calendar days prior to the expiration day of the underlying options (i.e. 30 days prior to the third Friday of the expiration month of the underlying options, if this is an exchange day). This is usually the Wednesday prior to the second last Friday of the respective maturity month, if this is an exchange day; otherwise the exchange day immediately preceding that day. Close of trading in the maturing futures on the last trading day is at 12:00 p.m. CET.

*Margin Overnight (€): The overnight margin takes effect daily at 09:45 p.m. CET. At 7:45 a.m. CET, the overnight margin is reduced again to intraday level.

US Futures CME

Symbol Name Margin Intraday € Overnight Margin €* Trading Times CET Trading Break Trading Amount (min/max) Tick Size Tick Value ($) Point Value ($)
ES E-mini S&P 500 1,120.00 11,200.00 Mo - Fr 00:00 a.m. - 11:00 p.m. - 1/100 0.25 12.5 50
NQ E-mini NASDAQ 100 1,550.00 15,500.00 Mo - Fr 00:00 a.m. - 11:00 p.m. - 1/100 0.25 5 20
YM E-mini Dow (5$) 850.00 8,500.00 Mo - Fr 00:00 a.m. - 11:00 p.m. - 1/100 1 5 5
RTY E-mini Russel 2000 550.00 5,500.00 Mo - Fr 00:00 a.m. - 11:00 p.m. - 1/100 0.1 5 50
QM E-mini Crude Oil 830.00 4,150.00 Mo - Fr 00:00 a.m. - 11:00 p.m. - 1/100 0.025 12.5 500
QO E-mini Gold 360.00 3,600.00 Mo - Fr 00:00 a.m. - 11:00 p.m. - 1/100 0.25 12.5 50
MGC E-micro Gold 75.00 720.00 Mo - Fr 00:00 a.m. - 11:00 p.m. - 1/100 0.1 1 10
MES Micro E-mini S&P 500 112.00 1,120.00 Mo - Fr 00:00 a.m. - 11:00 p.m. - 1/100 0.25 1.25 5
MNQ Micro E-mini NASDAQ 100 155.00 1,550.00 Mo - Fr 00:00 a.m. - 11:00 p.m. - 1/100 0.25 0.5 2
MYM Micro E-mini Dow 85.00 850.00 Mo - Fr 00:00 a.m. - 11:00 p.m. - 1/100 1 0.5 0.5
M2K Micro E-mini Russel 2000 55.00 550.00 Mo - Fr 00:00 a.m. - 11:00 p.m. - 1/100 0.1 0.5 5
MBT Micro Bitcoin Futures 950.00 1,900.00 Mo - Fr 00:00 a.m. - 11:00 p.m. - 1/5 5 0.5 0.1
MET Micro Ether Futures 60.00 120.00 Mo - Fr 00:00 a.m. - 11:00 p.m. - 1/50 0.5 0.05  
MCL Micro WTI Crude Oil Futures 165.00 825.00 Mo - Fr 00:00 a.m. - 11:00 p.m. - 1/100 0.01 1.00 100
MHG Micro Copper Futures 60.00 550.00 Mo - Fr 0:00 a.m. - 11:00 p.m. - 1/100 0,0005 1,25  
CL Crude Oil Futures 1650.00 8,250.00 Mo - Fr 00:00 a.m. - 11:00 p.m. - 1/100 0.01 10.00 1000
ZC Corn Futures 2,500.00 2,500.00 Mo - Fr 02:00 a.m. - 08:20 p.m. 02:45 p.m. - 03:30 p.m. 1/100 0.25 12.50 50
ZW Wheat Futures 3,750.00 3,750.00 Mo - Fr 02:00 a.m. - 08:20 p.m. 02:45 p.m. - 03:30 p.m. 1/100 0.25 12.50 50
ZM Soybean Meal Futures 2,000.00 2,000.00 Mo - Fr 02:00 a.m. - 08:20 p.m. 02:45 p.m. - 03:30 p.m. 1/100 0.1 10.00 100
ZL Soybean Oil Futures 2,800.00 2,800.00 Mo - Fr 02:00 a.m. - 08:20 p.m. 02:45 p.m. - 03:30 p.m. 1/100 0.01 6.00 600
ZS Soybean Futures 4,000.00 4,000.00 Mo - Fr 02:00 a.m. - 08:20 p.m. 02:45 p.m. - 03:30 p.m. 1/100 0.25 12.50 50
ZR Rough Rice Futures 1.075.00 1.075.00 Mo - Fr 02:00 a.m. - 08:20 p.m. 02:45 p.m. - 03:30 p.m. 1/100 0.005 10.00 2000
ZO Oats Futures 2,400.00 2,400.00 Mo - Fr 02:00 a.m. - 08:20 p.m. 02:45 p.m. - 03:30 p.m. 1/100 0.25 12.50 50
GC COMEX Gold Futures 720.00 7,200.00 Mo - Fr 00:00 a.m. - 11:00 p.m. - 1/100 0.1 10.00 100
SI Silver Futures 900.00 8,500.00 Mo - Fr 00:00 a.m. - 11:00 p.m. - 1/100 0.005 25.00 5000
PL Platinum Futures 3,400.00 3,400.00 Mo - Fr 00:00 a.m. - 11:00 p.m. - 1/100 0.1 5.00 50
NG Natural Gas Futures 9,400.00 9,400.00 Mo - Fr 00:00 a.m. - 11:00 p.m. - 1/100 0.001 10.00 10000

CME FX Futures

The trading time is Monday to Friday from 0:00 a.m. to 11:00 p.m. CET. The trading amount is at least 1 and at most 100.

Symbol Name Margin Intraday Overnight Margin Tick Size Tick Value ($)
6E EuroFX Futures 600.00 2,400.00 0.00005 6.25
6J Yapanese Yen Futures 500.00 2,500.00 0.0000005 6.25
J7 E-Mini Yapanese Yen Futures 250.00 1,250.00 0.000001 6.25
6A Australien Dollar Futures 370.00 1,820.00 0.0001 10.00
6B British Pound Futures 460.00 1,850.00 0.0001 6.25
6S Swiss Franc Futures 600.00 2,900.00 0.00005 6.25
6M Mexican Peso Futures 250.00 1,300.00 0.00001 5.00
6N New Zealand Dollar Futures 250.00 1,400.00 0.0001 10.00
6C Canadian Dollar Futures 250.00 1,350.00 0.00005 5.00
M6E E-micro EUR/USD Futures 55.00 240.00 0.0001 1.25
MCD Micro CAD/USD Futures 40.00 135.00 0.0001 1.00
MSF Micro CHF/USD Futures 80.00 290.00 0.0001 1.25
M6A Micro AUD/USD Futures 45.00 185.00 0.0001 1.00
M6B Micro GBP/USD Futures 45.00 185.00 0.0001 0.625

Forex CFDs

The trading hours run from Sunday to Friday from 11:01 p.m. to 11:00 p.m. CET. The trading day ends at 20:59:59 GMT.

Symbol Standard: Margin from Prof: Margin from Tick Factor
AUD/CAD 5.00% 0.50% 0.00001
AUD/CHF 5.00% 1.00% 0.00001
AUD/JPY 5.00% 0.50% 0.001
AUD/NZD 20.00% 0.50% 0.00001
AUD/SGD 20.00% 3.33% 0.00001
AUD/USD 5.00% 0.50% 0.00001
CAD/CHF 3.33% 1.00% 0.00001
CAD/JPY 3.33% 0.50% 0,001
CHF/JPY 3.33% 1.00% 0.001
EUR/AUD 5.00% 0.50% 0.00001
EUR/CAD 3.33% 0.50% 0.00001
EUR/CHF 3.33% 1.00% 0.00001
EUR/DKK 5.00% 3.33% 0.00001
EUR/GBP 3.33% 1.00% 0.00001
EUR/HKD 5.00% 3.33% 0.00001
EUR/JPY 3.33% 0.50% 0.001
EUR/NOK 5.00% 1.00% 0.00001
EUR/NZD 5.00% 0.50% 0.00001
EUR/PLN 5.00% 0.50% 0.00001
EUR/SEK 5.00% 1.00% 0.00001
EUR/SGD 5.00% 3.33% 0.00001
EUR/TRY 10.00% 10.00% 0.00001
EUR/USD 3.33% 0.50% 0.00001
EUR/ZAR 5.00% 3.33% 0.00001
GBP/AUD 5.00% 1.00% 0.00001
GBP/CAD 3.33% 1.00% 0.00001
GBP/CHF 3.33% 1.00% 0.00001
GBP/DKK 5.00% 1.00% 0.00001
GBP/JPY 3.33% 1.00% 0,.001
GBP/NOK 5.00% 1.00% 0.00001
GBP/NZD 5.00% 1.00% 0.00001
GBP/SEK 5.00% 1.00% 0.00001
GBP/SGD 5.00% 3.33% 0.00001
GBP/USD 3.33% 1.00% 0.00001
NOK/SEK 20.00% 1.00% 0.00001
NZD/CAD 5.00% 0.50% 0.00001
NZD/CHF 5.00% 1.00% 0.00001
NZD/JPY 5.00% 1.00% 0.001
NZD/USD 5.00% 0.50% 0.00001
SGD/JPY 5.00% 3.33% 0.001
USD/CAD 3.33% 0.50% 0.00001
USD/CHF 3.33% 1.00% 0.00001
USD/CZK 5.00% 3.33% 0.00001
USD/DKK 5.00% 3.33% 0.00001
USD/HKD 5.00% 3.33% 0.00001
USD/HUF 5.00% 1.00% 0.001
USD/JPY 3.33% 0.50% 0.001
USD/MXN 5.00% 1.00% 0.00001
USD/NOK 5.00% 1.00% 0.00001
USD/PLN 5.00% 0.50% 0.00001
USD/SEK 5.00% 1.00% 0.00001
USD/SGD 5.00% 3.33% 0.00001
USD/TRY 10.00% 10.00% 0.00001
USD/ZAR 5.00% 3.33% 0.00001

Rollover

In foreign exchange CFD trading, the transitions must be concluded within two business days. If positions are held overnight, the position is transferred to the next day. This prevents a physical delivery of the currency position. All positions held after 09:59:59 p.m. GMT are charged financing costs to reflect the changes on the date. We do not close and reopen the positions to take into account the swap rates; rather, the difference is made up according to the interest rate. These amounts are reflected in the account statements as the "Swap" and charged or debited to your account.                

To follow is the formula for calculating R/O swap costs:                        

For a short position: F = s * v

For a long position: F = s * v * -1

F = financial charge/credit
(the financial charge/credit is calculated in the second currency of a currency pair and converted into the currency of the client's account)
s = swap rate
v = number of currencies

Tip: Please find the Swap-rate in your MetaTrader-Trading-platform:>Market Watch: Please press the right mouse-button at your chosen forex-pair and than choose >specification

Value Date

The value date for foreign exchange trading is usually T+2. Since no FX trading takes place at the weekend, there is a T+3 swap once a week for all currencies with a value date of T+2 on every Wednesday.


Spot Forex

Margin requirement from 0.50% and the trading time is Monday through Friday from 0:00 a.m. to 10:00 p.m. CET.

Symbol Tick Factor
EURUSD.SPOT 0.00001
USDCHF.SPOT 0.00001
USDJPY.SPOT 0.001
GBPUSD.SPOT 0.00001
AUDUSD.SPOT 0.00001
USDCAD.SPOT 0.00001
EURCHF.SPOT 0.0001
EURCAD.SPOT 0.0001
EURJPY.SPOT 0.001
EURAUD.SPOT 0.0001
EURGBP.SPOT 0.0001
AUDCAD.SPOT 0.00001
AUDCHF.SPOT 0.00001
AUDJPY.SPOT 0.001
AUDNZD.SPOT 0.00001
CADCHF.SPOT 0.00001
CADJPY.SPOT 0.001
CHFJPY.SPOT 0.001
EURNZD.SPOT 0.00001
GBPAUD.SPOT 0.00001
GBPCAD.SPOT 0.00001
GBPCHF.SPOT 0.00001
GBPJPY.SPOT 0.001
GBPNZD.SPOT 0.00001
NZDCAD.SPOT 0.00001
NZDCHF.SPOT 0.00001
NZDJPY.SPOT 0.001
NZDUSD.SPOT 0.00001

Forex Spot is the foreign exchange cash market (interbank market). Overnight trading is not possible.

See General Terms and Conditions under II. Special Conditions for Contracts for Differences and Foreign Exchange Spot Transactions under Point 2 "Additional Provisions for Contracts for the Conclusion of FOREX Transactions"

Negative Balance Protection at Forex Spot

For foreign exchange spot transactions (Spot Forex), no additional funding is required in the Standard account type. For the account Professional Classic, no additional funding can be excluded. Here is an overview of the different account types: "Standard" and "Professional"

Swaps

There are no swaps at Forex Spot, as Forex Spot is tradable intraday only.


ETF CFDs

The ETF CFDs are quoted in USD. Trading hours are Monday through Friday from 3:30 p.m. to 10:00 p.m. CET.

Symbol Name Standard: Margin from Prof.-Account: Margin from Tick Size Tick Price Underlying ISIN
ACWI.ETF iShares MSCI ACWI Index 20% 20% 0.01 0.01 US4642882579
AMLP.ETF Alerian MLP ETF 20% 20% 0.01 0.01 US00162Q4525
BITO.ETF ProShares Bitcoin Strategy ETF 20% 20% 0.01 0.01 US74347G4405
DBA.ETF PowerShares DB Agriculture Fund 20% 20% 0.01 0.01 US46140H1068
DBC.ETF PowerShares DB Commodity Index Tracking Fund 20% 20% 0.01 0.01 US46138B1035
DEM.ETF WisdomTree Emerging Markets High Dividend Fund 20% 20% 0.01 0.01 US97717W3152
DGP.ETF DB Gold Double Long ETN 20% 20% 0.01 0.01 US25154H7492
EEM.ETF iShares MSCI Emg Markets ETF 20% 20% 0.01 0.01 US4642872349
EFA.ETF iShares MSCI EAFE Index ETF 20% 20% 0.01 0.01 US4642874659
EPP.ETF iShares MSCI Pac X-JP ETF 20% 20% 0.01 0.01 US4642866655
EPU.ETF iShares MSCI All Peru Capped ETF 30% 30% 0.01 0.01 US4642898427
EWP.ETF iShares MSCI Spain Capped ETF 20% 20% 0.01 0.01 US4642867646
EWT.ETF iShares Taiwan Index ETF 20% 20% 0.01 0.01 US46434G7723
EWW.ETF iShares MSCI MEXICO CAPPED ETF 25% 25% 0.01 0.01 US4642868222
EWY.ETF iShares South Korea Index ETF 20% 20% 0.01 0.01 US4642867729
EWZ.ETF iShares Brazil Index ETF 20% 20% 0.01 0.01 US4642864007
FXE.ETF CurrencyShares Euro Trust ETF 20% 20% 0.01 0.01 US46138K1034
FXI.ETF iShares FTSE China 25 ETF 20% 15% 0.01 0.01 US4642871846
GLD.ETF SPDR Gold shares 20% 20% 0.01 0.01 US78463V1070
GSG.ETF iShares S&P Gsci Commod ETF 20% 20% 0.01 0.01 US46428R1077
HDGE.ETF AdvisorShares Ranger Equity Bear\ ETF 20% 20% 0.01 0.01 US00768Y4127
IDU.ETF iShares U.S. Utilities 20% 20% 0.01 0.01 US4642876977
INDL.ETF Direxion Daily MSCI India Bull 3X 20% 20% 0.01 0.01 US25490K3317
IVV.ETF iShares Core S&P 500 20% 20% 0.01 0.01 US4642872000
IWM.ETF iShares Russell 2000 20% 20% 0.01 0.01 US4642876555
IWO.ETF iShares Russell 2000 Growth 20% 20% 0.01 0.01 US4642876480
IXC.ETF iShares S&P Global Enrgy ETF 20% 20% 0.01 0.01 US4642873412
IYR.ETF iShares Dow Jones Us Real Est ETF 20% 20% 0.01 0.01 US4642877397
JDST.ETF Direxion Daily Junior Gold Miners Bear 3X ETF 20% 20% 0.01 0.01 US25460G8078
JNUG.ETF Direxion Daily Jr Gld Mnrs Bull 3X 20% 20% 0.01 0.01 US25460G8318
LIT.ETF Global X Lithium & Battery Tech ETF 20% 20% 0.01 0.01 US37954Y8553
NUGT.ETF Direxion Daily Gold 3x 20% 20% 0.01 0.01 US25460G7815
QQQ.OQ Powershares QQQ ETF 20% 15% 0.01 0.01 US73935A1043
SDS1.ETF ProShares UltraShort S&P500 20% 20% 0.01 0.01 US74347G4165
SLV.ETF iShares Silver Trust 20% 20% 0.01 0.01 US46428Q1094
SPY.ETF SPDR S&P 500 ETF Trust 20% 10% 0.01 0.01 US78462F1030
UCO.ETF ProShares Ultra Bloomberg Crude Oil 20% 20% 0.01 0.01 US74347Y8883
UDOW.ETF ProShares UltraPro Dow30 20% 20% 0.01 0.01 US74347X8231
UNG.ETF US Natural Gas Fund 20% 20% 0.01 0.01 US9123182019
UPRO.ETF ProShares UltraPro S&P500 20% 20% 0.01 0.01 US74347X8645
USO.ETF United States Oil Fund LP 20% 20% 0.01 0.01 US91232N2071
VTI.ETF Vanguard Total Stkmkt ETF 20% 20% 0.01 0.01 US9229087690
VXXB.ETF ST S&P 500 VIX Series B 20% 20% 0.01 0.01 US06746P6218
XLB.ETF SPDR Materials Select Sector 20% 20% 0.01 0.01 US81369Y1001
XLE.ETF SPDR Energy Select Sector 20% 20% 0.01 0.01 US81369Y5069
XLF.ETF SPDR Financial Select Sector 20% 20% 0.01 0.01 US81369Y6059
XLI.ETF SPDR Industrial Select Sector 20% 20% 0.01 0.01 US81369Y7040
XLK.ETF SPDR Technology Select Sector 20% 20% 0.01 0.01 US81369Y8030
XLP.ETF SPDR Consumer Staples Select Sector 20% 20% 0.01 0.01 US81369Y3080
XLU.ETF SPDR Utilities Select Sector 20% 20% 0.01 0.01 US81369Y8865
XLV.ETF Health Care Select ETF 20% 20% 0.01 0.01 US81369Y2090
XLY.ETF SPDR Consumer Discretionary 20% 20% 0.01 0.01 US81369Y4070
YINN1.ETF Direxion Daily FTSE China Bull 3X 20% 20% 0.01 0.01 US25460G1958

CFD Individual Shares

Equity CFDs Standard: Margin from Prof Account: Margin from Trading times CET Trading break Currency
Germany 20% 10% Mo - Fr 09:01 a.m. - 05:30 p.m. 01:00 p.m. - 01:03 p.m. EUR
Netherlands 20% 10% Mo - Fr 09:01 a.m. - 05:30 p.m. 01:00 p.m. - 01:03 p.m. EUR
USA 20% 5% Mo - Fr 03:31 p.m. - 10:00 p.m. none USD
Asia 20% 5% Mo - Fr 03:31 p.m. - 10:00 p.m. none USD

* Please note that for some German stocks the auction may start later than 13:03. The auction can at times last more than 3 minutes.

Equity-CFDS DE

Symbol Name Standard: Margin from Prof Account: Margin from
ADS Adidas AG 20% 10%
AFX Carl-Zeiss Meditec AG 20% 20%
AIR Airbus Group 20% 10%
AIXA Aixtron SE 20% 10%
ALV Allianz SE 20% 10%
ARL Aareal Bank 20% 10%
B4B Metro AG 20% 10%
BAS BASF SE 20% 10%
BAY Bayer AG 20% 10%
BC8 Bechtle AG 20% 20%
BEI Beiersdorf AG 20% 10%
BMW Bayerische Motoren Werke AG 20% 10%
BNR Brenntag SE 20% 10%
BOS Hugo Boss AG 20% 10%
CBK Commerzbank AG 20% 20%
CON Continental AG 20% 10%
COV Covestro AG 20% 15%
DAI Daimler AG 20% 10%
DB1 Deutsche Boerse AG 20% 10%
DBK Deutsche Bank AG 20% 10%
DEQ DT. Euroshop AG 20% 20%
DHER Delivery Hero SE 20% 15%
DPW Deutsche Post AG 20% 10%
DRI 1+1 Drillisch AG 20% 20%
DTE Deutsche Telekom AG 20% 10%
DTG Daimler Truck Holding AG 20% 20%
DUE Dürr AG 20% 20%
DWNI DT. Wohnen SE 20% 20%
ENR1 Siemens Energy AG 20% 20%
EON E.ON AG 20% 10%
EVT Evotec AG 25% 25%
FIE Fielmann AG 20% 15%
FME Fresenius Medical Care AG 20% 10%
FNTN Freenet AG 20% 10%
FPE3 Fuchs Petroclub SE 20% 20%
FRA Fraport AG 20% 10%
FRE Fresenius SE 20% 20%
GBF Bilfinger SE 20% 10%
HEI HeidelbergCement AG 20% 10%
HEN Henkel AG 20% 10%
HFG HelloFresh SE 20% 20%
HNR Hannover Rück 20% 10%
HOT Hochtief AG 20% 10%
IFX Infineon Technologies AG 20% 10%
LHA Deutsche Lufthansa AG 20% 10%
LING Linde PLC 20% 20%
LXS Lanxess AG 20% 10%
MEO Ceconomy AG 20% 10%
MRK.DE Merck KGaA 20% 10%
MTX MTU Aero Eng 20% 10%
MUV Muenchener Rückversicherungs AG 20% 10%
NDA1 Aurubis AG 20% 10%
NDX1 Nordex SE 20% 20%
NEM Nemetschek SE 20% 20%
NOEJ Norma Group SE 20% 20%
O2D Telefonica Deutschland Holding 20% 15%
PBB DT. Pfandbriefbank AG 30% 30%
PSHG Porsche SE 20% 10%
PSM Prosieben Sat1 Media SE 20% 10%
PUM Puma SE 20% 20%
QIA Qiagen N.V. 20% 10%
RHM Rheinmetall 20% 10%
RWE RWE AG 20% 10%
SAP SAP AG 20% 10%
SAT Sartorius AG VZ 20% 20%
SDF K+S AG 20% 10%
SHL Siemens Healthineers 20% 10%
SIE Siemens AG 20% 10%
SOW Software AG 20% 10%
SY1 Symrise AG 20% 10%
SZU Suedzucker AG 20% 10%
TEG TAG Immobilien 20% 20%
TKA ThyssenKrupp AG 20% 10%
UN01 Uniper SE 20% 15%
UTDI United Internet AG-Reg Share 20% 10%
VON Vonovia SE 20% 10%
VOW Volkswagen AG 20% 10%
WAF Siltronic AG 20% 20%
ZAL Zalando SE 20% 15%

Equity-CFDS NL

Symbol Name Standard: Margin from Prof Account: Margin from
ADYEN Adyen B.V. Parts Sociales 20% 20%
AEGN AEGON 20% 10%
AD Ahold Delhaize (Ahold) 20% 20%
AKZO Akzo Nobel 20% 10%
ISPA ArcelorMittal 20% 20%
ASM ASM International 20% 15%
ASML ASML Holding 20% 10%
ASRNL ASR Nederland 20% 15%
BESI BE Semiconductor Industries 20% 20%
DSMN Koninklijke DSM N.V. 20% 10%
HEIN Heineken 20% 15%
IMCD IMCD 20% 20%
ING ING Group 20% 10%
TKWY Just Eat Takeaway 20% 20%
KPN KPN 20% 10%
NN NN Group 20% 20%
PHG Koninklijke Philips 20% 10%
PRX Prosus 20% 20%
RAND Randstad Holding 20% 10%
REL RELX PLC 20% 10%
RDSa Shell (Royal Dutch Shell) (A) 20% 10%
LIGHT Signify 20% 20%
URW Unibail-Rodamco 20% 20%
UNC Unilever 20% 15%
WLSN Wolters Kluwer 20% 15%

Equity CFDS US

Symbol Name Standard Account: Margin from Professional Account: Margin from
AAL American Airlines Group Inc. 20% 15%
AAPL Apple Inc. 20% 5%
ABBV AbbVie Inc. 20% 15%
ABNB Airbnb Inc. 20% 20%
ABX Barrick Gold Corp 20% 15%
ADBE Adobe Systems Inc. 20% 5%
ADSK Autodesk Inc. 20% 10%
AMAT Applied Materials Inc. 20% 5%
AMD Advanced Micro Devices Inc. 20% 15%
AMGN Amgen Inc. 20% 5%
AMZN Amazon.com Inc. 20% 5%
ATVI Activision Blizzard Inc. 20% 5%
AVGO Broadcom Inc. 20% 10%
AXP American Express Co 20% 5%
BA Boeing Co 20% 5%
BIIB Biogen Inc. 20% 15%
BLL Ball Corporation 20% 15%
C Citigroup Inc. 20% 10%
CAT Caterpillar Inc. 20% 5%
CL Colgate-Palmolive Company 20% 15%
CMCSA Comcast Corp Class A 20% 5%
COST Costco Wholesale Corporation 20% 5%
CRM Salesforce.com Inc. 20% 10%
CSCO Cisco Systems Inc. 20% 5%
CSX CSX Corp. 20% 10%
CTSH Cognizant Tech Solutions-A 20% 5%
CVX Chevron Corp 20% 5%
DDN DowDuPont Inc. 20% 5%
DHR Danaher Corporation 20% 15%
DIS Walt Disney Co 20% 10%
DISH DISH Network Corporation 20% 10%
DLTR Dollar Tree Inc. 20% 15%
DPZ Domino's Pizza Inc. 20% 10%
EA Electronic Arts Inc. 20% 10%
EBAY Ebay Inc. 20% 5%
EXPE Expedia Group Inc. 20% 10%
F Ford Motor Company 20% 10%
FAST Fastenal Company 20% 10%
FB Facebook Inc. 20% 10%
FIS Fidelity National Information Services Inc. 20% 15%
FOX1 Twenty-First Century FOX-B 20% 10%
FOXA1 Twenty-First Century FOX-A 20% 10%
GE.US General Electric Co 20% 10%
GEN Gen Digital 20% 5%
GILD Gilead Sciences Inc. 20% 10%
GM General Motors CO 20% 10%
GOOG Alphabet Inc. (C) 20% 5%
GOOGL Alphabet Inc. Class A 20% 5%
GS Goldman Sachs Group Inc. 20% 10%
HD Home Depot Inc. 20% 5%
HON Honeywell International Inc. 20% 10%
HOOD Robinhood Markets Inc. 30% 30%
IBM International Business Machines Corp 20% 5%
INTC Intel Corp 20% 5%
JNJ Johnson & Johnson 20% 5%
JPM JPMorgan Chase & Co 20% 5%
KHC Kraft Heinz Co./The 20% 5%
KO The Coca-Cola Co 20% 5%
LBTYK Liberty Global C 20% 15%
LRCX Lam Research Corporation 20% 15%
MA Mastercard Incorporated 20% 10%
MCD McDonald's Corp 20% 5%
MCHP Microchip Technology Inc. 20% 5%
MCO Moody's Corporation 20% 10%
MDLZ Mondelez Internation Inc. -A 20% 5%
MELI MercadoLibre Inc. 20% 20%
MMM 3M Co 20% 5%
MNST Monster Beverage Corp 20% 15%
MO Altria Group Inc. 20% 10%
MRK Merck & Co Inc. 20% 5%
MSFT Microsoft Corp 20% 5%
MSTR MicroStrategy Inc. 20% 20%
MU Micron Technology Inc. 20% 10%
NFLX Netflix Inc. 20% 10%
NKE Nike Inc. 20% 10%
NVDA Nvidia Corporation 20% 10%
ORLY O'Reilly Automotive Inc. 20% 15%
PEP Pepsi Co Inc. 20% 10%
PFE Pfizer Inc. 20% 10%
PG Procter & Gamble Co 20% 5%
PM Philip Morris International Inc. 20% 10%
PYPL Paypal Holdings Inc. 20% 15%
QCOM QUALCOMM Inc. 20% 5%
ROST Ross Stores 20% 5%
RTX Raytheon Technologies Corporation 20% 5%
SBUX Starbucks Corporation 20% 5%
SIRI Sirius XM Holdings Inc. 20% 10%
SNPS Synopsys Inc. 20% 15%
STX Seagate Technology PLC 20% 10%
SWKS Skyworks Solutions Inc. 20% 15%
T AT&T Inc. 20% 10%
TCOM Trip.com Group limited 20% 15%
TGT Target Corporation 20% 10%
TMUS T-Mobile Us Inc. 20% 10%
TRV Travelers Cos Inc. 20% 10%
TSLA Tesla Motors 20% 10%
TTWO Take-Two Interactive Software 20% 20%
TWTR Twitter Inc. 20% 15%
TXN Texas Instruments Inc. 20% 10%
UNH UnitedHealth Group Inc 20% 10%
UNP Union Pacific Corporation 20% 10%
V Visa Inc 20% 10%
VOD Vodafone Group PLC-SP ADR 20% 10%
VZ Verizon Communications Inc 20% 5%
WBA Walgreens Boots Alliance Inc. 20% 10%
WDC Western Digital Corp. 20% 15%
WMT Wal-Mart Stores Inc. 20% 5%
WYNN Wynn Resorts LTD. 20% 10%
XOM Exxon Mobil Corp 20% 5%
XRAY Dentsply Sirona Inc. 20% 10%
YUM Yum! Brands Inc. 20% 10%

Equity CFDS Asia

Symbol Name Standard: Margin from Prof Account: Margin from
BABA Alibaba Group 20% 5%
BIDU Baidu Inc. 30% 30%
BZUN Baozun INC Corp. ADR 25% 25%
DQ Daqo New Energy Corp. ADR 20% 20%
JD JD.com Inc-A 30% 30%
NIO NIO Corp. ADR 20% 20%
NTES NetEase Corp. ADR 20% 10%
SNE Sony Corp. ADR 20% 15%
TM Toyota Motor Corp. ADR 20% 15%
TSM Taiwan Semiconductor Corp. ADR 20% 20%
WB Weibo Corporation Corp. ADR 20% 20%

Financing costs in overnight trading

Adjustments are generally made to open positions of share CFDs at 21:59:59 GMT. If a position is held after 11:59:59 p.m. GMT (overnight), then financing costs are deducted from the account.

The formula for calculating financing costs is:

F(%) = (r (+/-) 3%) / d

F% = daily financing fee in percent

r = reference interest rate plus 300 base points for long positions, minus 300 base points for short positions such as (0.50% + 3.00%) = 3.50%

d = number of days, i.e. 360 days.

Long (buy) and short (sell) positions attract daily financing costs.

Minimum/maximum trading volume

The smallest tradable unit is 1 CFD (= 1 share) through FXFlat. The maximum number can be found directly on the trading platform. The maximum trading volume may be restricted due to liquidity bottlenecks at the respective stock exchanges. CFDs are always traded in the base currency of the underlying market. Trading in a US value involves trading in US dollars with a movement of 1 US cent.

Trading times

German share values are traded equal in value across stock exchanges from Monday through Friday from 09:00 a.m. to 05:30 p.m. CET. US share values are traded equal in value across stock exchanges from Monday through Friday from 03:30 p.m. to 10:00 p.m. CET. These trading times can vary because of holidays and switching to and from daylight savings. If not otherwise indicated, CET/CEST applies.

Spreads

The displayed spreads can vary depending on the market situation and the trading phase. The spreads are not fixed.


CFD Index Cash

Index Symbol Standard: Margin from Prof.-Account: Margin from Trading times CET Mo-Fr Trading break CET Interest rate of financing costs Min/max trading volumes Tick size from Currency Reference market
Australia 200 .AUS200 5.00% 0.50% 00:00 a.m. - 10:00 p.m. 06:30 a.m. – 07:10 a.m. BBSW2M 1 / 500 0.01 AUD S&P/ASX200 Index
EU Stocks 50 .STOXX50 5.00% 0.50% 00:00 a.m. - 10:00 p.m. none ESTRON 1 / 500 0.01 EUR Dow Jones EURO STOXX50 Index
France 40 .F40 5.00% 0.50% 00:00 a.m. - 10:00 p.m. none ESTRON 1 / 500 0.01 EUR CAC40 Index
Germany 40 .DE40 5.00% 0.50% 00:00 a.m. - 11:00 p.m., Fridays Close 10:15 p.m. none ESTRON 1 / 500 0.01 EUR Xetra DAX Index
Germany 40 .DE40mini 5.00% 0.50% 00:00 a.m. - 11:00 p.m., Fridays Close 10:15 p.m. none ESTRON 0.1 / 500 0.01 EUR Xetra DAX Index
Hong Kong 50 .HK50 10.00% 5.00% 02:15 a.m. - 08:00 p.m. 05:00 - 06:00; 9:30 - 10:15 HIHD01M 1 / 500 0.01 HKD Hang Seng Index
Japan 225 .JP225 5.00% 0.50% 00:00 a.m. - 11:00 p.m. none XTONA3M 1 / 500 0.01 JPY Nikkei 225 Index
Netherlands 25 .N25 10.00% 1.00% 08:00 a.m. - 10:00 p.m. none ESTRON 1 / 500 0.01 EUR AEX Index
Spain 35 .ES35 10.00% 1.00% 09:00 a.m. - 08:00 p.m. none ESTRON 1 / 500 0.01 EUR IBEX 35 Index
Switzerland 20 .SWI20 10.00% 1.00% 08:00 a.m. - 10:00 p.m. none SRFX3M3 1 / 500 0.01 CHF SMI Index
UK 100 .UK100 5.00% 5.00% 02:00 a.m. - 11:00 p.m., Fridays Close 10:00 p.m. none XSONIA3M 1 / 500 0.01 GBP FTSE 100 Index
US SPX 500 .US500 5.00% 0.50% 00:00 a.m. - 11:00 p.m. none CME Term SOFR 3M 1 / 500 0.01 USD S&P 500 Index
US Tech 100 .USTEC 5.00% 0.50% 00:00 a.m. - 11:00 p.m. none CME Term SOFR 3M 0.1 / 500 0.01 USD Nasdaq Index 100
US Wall Street 30 .US30 5.00% 0.50% 00:00 a.m. - 11:00 p.m. none CME Term SOFR 3M 1 / 500 0.01 USD DJIA Index
US Wall Street 30 .US30mini 5.00% 0.50% 00:00 a.m. - 11:00 p.m. none CME Term SOFR 3M 0.1 / 500 0.01 USD DJIA Index

*Please bear in mind that the aforementioned spreads are not fixed. The spreads may vary during volatile market phases or outside of regular trading times.

For a few instruments, FXFlat offers trading outside the regular trading hours of the reference markets. The offered prices for those instruments are constructed by the respecting liquidity vendors, mainly, according to the prices of the S&P 500 and Dow Jones futures. However, multiple parameters influence the price, such as other future, FX and commodity markets, customers’ trading activity and order flow, as well, as the pricing of other competitors. FXFlat has set up an internal monitoring process, to constantly check the liquidity vendors’ pricing outside the regular trading hours of the reference markets.

Dividends

The current dividend adjustments for indices are as follows:

Short positions are charged 100% of the gross dividend.

Long positions in Index CFDs receive 100% of gross dividend:

FINANCING CHARGES FOR OVERNIGHT TRADING

Adjustments for open positions on index CFDs are usually made at 20:59:59 GMT.

If a position is held after 20:59:59 GMT (overnight), then the account will be debited with financing costs.                  

Swap by Point - Method

Formula for a short positionen in Indices: F = ((100 * (r - 3%) * n) / 360)

Formula for a long positionen in Indices: F = ((-1 * 100 * (r + 3%) * n) / 360)

F = Daily financing charge in points
n = Nominal value of the underlying CFD, calculated on the basis of the closing price set by FXFlat. (nominal value = price *number of CFDs)
r = reference interest rate plus 300 basis points for long positions, minus 300 basis points for short positions, e.g. (0.50% + 3.00%) =3.50%

Long (buy) and short (sell) positions are charged with the daily financing costs.


Crypto CFDs

The standard account margin requirement is 50% and on the professional account 35%. The minimum trade amount is 0.01 and the maximum trade amount is 10.

Symbol Name Trading Times CET Trading Break CET Financing Costs Tick Size Currency Reference Market
BTCUSD Bitcoin vs USD Mon - Fri 00:05 a.m. - 10:55 p.m. 10:55 p.m. for 70 min 1M SOFR + Credit Adjustment + daily markup 0,14% 0.01 USD CME
LTCEUR Litecoin vs EUR Sun - Fri 11:00 p.m. - 11:00 p.m. none 1M ESTR + 1M Credit Adjustment + daily markup 0,055% 0.001 EUR GDAX
LTCUSD Litecoin vs USD Sun - Fri 11:00 p.m. - 11:00 p.m. none 1M SOFR + Credit Adjustment + daily markup 0,055% 0.001 USD GDAX
RIPUSD* Ripple vs USD Sun - Fri 11:00 p.m. - 11:00 p.m. none 1M SOFR + Credit Adjustment + daily markup 0,055% 0.0001 USD GDAX
BCCUSD Bitcoin Cash vs USD Sun - Fri 11:00 p.m. - 11:00 p.m. none 1M SOFR + Credit Adjustment + daily markup 0,055% 0.001 USD GDAX
DSHUSD Dash Cash vs USD Sun - Fri 11:00 p.m. - 11:00 p.m. none 1M SOFR + Credit Adjustment + daily markup 0,055% 0.001 USD GDAX
ETHUSD Ethereum vs USD Sun - Fr 11:00 p.m. - 11:00 p.m. none 1M SOFR + Credit Adjustment + daily markup 0,055% 0.001 USD GDAX
ADAUSD Cardano vs USD Sun - Fri 11:00 p.m. - 11:00 p.m. none 1M SOFR + Credit Adjustment + daily markup 0,055% 0,001 USD GDAX
DOTUSD Polkadot vs USD Sun - Fri 11:00 p.m. - 11:00 p.m. none 1M SOFR + Credit Adjustment + daily markup 0,055% 0,001 USD GDAX
LINKUSD Chainlink vs USD Sun - Fri 11:00 p.m. - 11:00 p.m. none 1M SOFR + Credit Adjustment + daily markup 0,055% 0,001 USD GDAX
EOSUSD EOS vs USD Sun - Fri 11:00 p.m. - 11:00 p.m. none 1M SOFR + Credit Adjustment + daily markup 0,055% 0,001 USD GDAX

The margin requirement for the following symbols is 100% and minimum trade amount is 1: ADAUSD, DOTUSD, EOSUSD, LINKUSD

*1 Contract on MetaTrader = 100 RIPUSD

Minimum/maximum trading volume

The limitations to the respective products can be found in the Min./max. trade volumes column for the respective products. Index CFDs are always traded in the base currency of the underlying market. For example: with 1x US30 CFD, 1 index point equals 1 USD

Trading times

The trading times for the respective products can be found in the aforementioned table. These trading times can vary because of holidays and switching to and from daylight savings.

Change of contracts

Bitcoin futures contracts have a monthly maturity. FXFlat offers clients the opportunity to trade Spot CFDs on the Bitcoin future. Customers holding an open position in the Bitcoin product over the trading end of the FXFlat Maturity Date will receive a credit or charge. The credit / debit is calculated as follows:
Last trade price of the expired futures contract minus the first trade price of the new futures contract.

Crypto CFDs Maturity Dates

Contract month Maturity date - underlying Maturity date
October 2022 October 28, 2022 October 27, 2022
November 2022 November 25, 2022 November 24, 2022
December 2022 December 30, 2022 December 29, 2022
Janury 2023 January 27, 2023 January 26, 2023
February 2023 February 24, 2023 February 23, 2023
March 2023 March 31, 2023 March 30, 2023
April 2023 April 28, 2023 April 27, 2023
May 2023 May 26, 2023 May 25, 2023
June 2023 June 30, 2023 June 29, 2023
July 2023 July 28, 2023 July 27, 2023
August 2023 Aug 25, 2023 Aug 24, 2023
September 2023 September 29, 2023 September 28, 2023
October 2023 October 27, 2023 October 26, 2023
November 2023 November 24, 2023 November 23, 2023
December 2023 December 29, 2023 December 28, 2023

CFD Commodities Metals

Commodity Symbol Spread* from Standard Account: Margin from Professional Account: Margin from Trading Times CET Trading break CET Financing Costs Min/max Trading Volumes Tick Size Currency Underlying Quantity Reference Market
Spot Gold .GOLD 0.3 5.00% 0.50% Mo - Fr 00:01 a.m. - 10:45 p.m. 11:00 p.m. - 00:00 a.m. LP financing rate 1 / 1000 0,01 USD 1 CFD = 10 troy ounces Gold Spot
Spot Gold .GOLDm 0.3 5.00% 0.50% Mo - Fr 00:01 a.m. - 10:45 p.m. 11:00 p.m. - 00:00 a.m. LP financing rate 0,1 / 1000 0,01 USD 0,1 CFD = 1 troy ounces Gold Spot
Spot Silver .SILVER 0.02 10.00% 0.50% Mo - Fr 00:01 a.m. - 10:45 p.m. 11:00 p.m. - 00:00 a.m. LP financing rate 1 / 2000 0,001 USD 1 CFD = 100 troy ounces Silver Spot
Spot Silver .SILVERm 0.02 10.00% 0.50% Mo - Fr 00:01 a.m. - 10:45 p.m. 11:00 p.m. - 00:00 a.m. LP financing rate 0,1 / 1000 0,001 USD 0,1 CFD = 1 troy ounces Silver Spot
Spot Brent Crude Oil .BRENT 0.04 10.00% 2.00% Mo - Fr 00:00 a.m. - 10:45 p.m. 11:00 p.m. - 00:00 a.m. non 1 / 100 0,005 USD 1 CFD = 100 barrels ICE
Spot Brent Crude Oil Mini .BRENTm 0.04 10.00% 2.00% Mo - Fr 00:00 a.m. - 10:45 p.m. 11:00 p.m. - 00:00 a.m. non 0,1 / 100 0,005 USD 1 CFD = 100 barrels ICE
Spot WTI Light Crude Oil .WTI 0.03 10.00% 2.00% Mo - Fr 00:00 a.m. - 10:45 p.m. 11:00 p.m. - 00:00 a.m. non 1 / 100 0,005 USD 1 CFD = 100 barrels NYMEX
West Texas Intermediate Crude Oil Mini .WTIm 0.03 10.00% 2.00% Mo - Fr 00:00 a.m. - 10:45 p.m. 11:00 p.m. - 00:00 a.m. non 0,1 / 100 0,005 USD 1 CFD = 100 barrels NYMEX
Brent UK Spot Oil Brent.Cash 0.04 10.00% 2.00% Mo - Fr 00:00 a.m. - 10:45 p.m. 11:00 p.m. - 00:00 a.m. LP reference rate 0,1 / 100 0,001 USD 1 CFD = 100 barrels ICE
WTI Spot Oil WTI.Cash 0.03 10.00% 2.00% Mo - Fr 00:00 a.m. - 10:45 p.m. 11:00 p.m. - 00:00 a.m. LP reference rate 0,1 / 100 0,001 USD 1 CFD = 100 barrels NYMEX

WTI and Brent oil - maturity-dates

contract month WTI (US Oil) WTI (US Oil) Brent (UK Oil) Brent (UK Oil)
  Maturity date- underlaying Maturity date - FXFlat Maturity date - underlaying Maturity date - FXFlat
December 2022 November 21, 2022 November 15, 2022 October 31, 2022 October 28, 2022
January 2023 - - November 30, 2022 November 28, 2022

More Info about WTI Crude Oil Futures

More Info about Brent Crude Futures

Minimum/maximum trading volume

The limitations to the respective products can be found in the Min./max. trade volumes column for the respective products. Index CFDs are always traded in the base currency of the underlying market.

Example: with 1x WTI the ticksize-change (0.01) equals 1 USD

Trading times

The trading times for the respective products can be found in the aforementioned table. These trading times can vary because of holidays and switching to and from daylight savings.

Financing charges for overnight trading (Metals)

Adjustments for open positions on index CFDs are usually made at 20:59:59 GMT.

If a position is held after 20:59:59 GMT (overnight), then the account will be debited with financing costs.                     
The calculation is as follows:    F = (n * r) / d
                    
F = Daily financing charge
n = Nominal value of the underlying CFD, calculated on the basis of the closing price set by FXFlat. (nominal value = price *number of CFDs)
r = reference interest rate plus 300 basis points for long positions, minus 300 basis points for short positions, e.g. (0.50% + 3.00%) =3.50%
d = number of days, i.e. 365 days 

Long (buy) and short (sell) positions are charged with the daily financing costs.

Change of contracts 

WTI & Brent Future contracts have a monthly due date. FXFlat offers the possibilitie to trade with Spot CFDs on WTI-Future & Brent Future. Customers, who hold an open position in WTI/Brent after due date (WTI = 23:00 MEZ / Brent = 23:15 MEZ), get a credit (or debt). Credit/debt is calculated as follows: last tradeprice of the (expired) Future-contract minus last tradeprice (of the new contract).

Example:
On September 1, the WTI spot price of FXFlat is quoted at 48.00 - 48.03. This price is based on the WTI future that will expire next, which is the October contract in the example given. Until September 20, the spot price is derived from the WTI October future. Starting from September 21, the November future serves as the price basis, as the October future expires on September 21. The last traded price of the underlying future contract for the spot month is 48.00 - 48.03 (Oct.) and for the next current month 48.47 - 48.50 (Nov.). The difference between these quotes will be explained in the following: Given the case that you hold an open position of 10 CFDs beyond the maturity date of the underlying future. Since the first price of the November future is USD 0.50 higher (USD 0.50 equals 50 ticks) than the last traded price of the October future, your account will be adjusted (monthly). An example of a calculation: 10 CFDs * 50 ticks = 500 USD. Therefore your account will be debited with 500 USD. The net financial effect of the roll is -3 ticks ( = spread), as the contract is fictitiously closed and reopened. In other words: Since the spot rate has risen by 47 ticks and the position has been fictitiously closed and reopened, your account will be debited with the equivalent of 50 ticks to compensate for the rate change. If you had held a short position, your account would have been credited with the equivalent of 44 ticks. The existing short position would have been closed at 48.03 and reopened at 48.47.


CFD Euro Bund

Product Symbol Standard: Margin from Prof Account: Margin from Trading times Min/max trading volumes Underlying Quantity Tick Size Currency Reference market
Euro-Bund Bund 20.00% 1.00% Mo. till Fr. 08:00 - 22:00 MEZ 1 / 1000 1 = 100 contracts 0,005 EUR Eurex

*For AgenaTrader accounts: 10 contracts correspond to 1 contract in MetaTrader. 1 contract in AgenaTrader corresponds to 0.1 contracts in MetaTrader.

Change of contracts

Euro Bund Future contracts have a quarterly expiry date.
FXFlat offers the possibility to trade with Spot CFDs on Euro Bund Future.
Customers, who hold an open position in Euro Bund Future after due date get a credit (or debit).

Euro Bund - maturity dates

Contract month Maturity date - underlying Maturity date
June 2022 June 08, 2022 June 07, 2022
September 2022 Sep 08, 2022 Sep 07, 2022
Dezember 2022 Dec 08, 2022 Dec 07, 2022
March 2023 Mar 08, 2023 Mar 07, 2023

More info on the Euro Bund Futures


Compulsory Liquidation

If the capital of the trading account falls below 100% of the minimum required margin, the position is automatically closed according to the rule:

The trading position with the currently open reference market and with the highest loss is first released at the next tradable price. This process is repeated until the total capital again exceeds 100% of the required margin requirement.


Weekend-Margin

Professional Account

The margin requirement for holding a position over the weekend increases to the margin requirement in the standard account. The increase will take place for equity DE- and NL-CFDs and index CFDs DETEC30, HK50 and ES35 on Friday at 04:30 p.m. CET and for all other product groups on Friday at 09:00 p.m. CET.

Standard Account

None


Value at risk calculation

In order to measure the potential risk of our clients' capital, a calculation will be made every Friday or, if necessary, before a holiday after the margin increases. The risk value per customer account is calculated using the Value at Risk historical simulation method. Here, the returns of all products of the last 250 trading days are calculated, so that a portfolio performance can be determined individually for each customer account. The resulting profit and loss statement is sorted by size and the loss is deducted, which was not exceeded with a probability of 95% in the last 250 trading days. Client accounts that have a risk above the set limits are encouraged to close or hedge positions until the risk of the account is again considered acceptable.

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