Product Specifications
Below you can find all the product information for the instruments we offer. These are also available in the trading platform by ‘right-clicking’ on the instrument and then clicking on ‘specification’.
| Symbol | Spread | Contract Size | Pip Value | Contract Currency | Market Hours | |
|---|---|---|---|---|---|---|
| FX | XX | XX | XX | XX | XX | 0.2 |
| Indices | Symbol | Spread | Spread | Spread | Pip Value | 0.2 |
| Commodities | Symbol | Spread | Spread | Spread | Pip Value | 0.2 |
| Equities (CFD) | Symbol | Spread | Spread | Spread | Pip Value | 0.2 |
| Futures CFD | Symbol | Spread | Spread | Spread | Pip Value | 0.2 |
Leverage
Leverage is the concept of being able to place trades using a small amount of the value of the trade as a deposit, known as the margin. This can be an extremely useful tool for clients to take advantage of movements in the market whilst only using small amounts of capital. However there is also an increased risk, as losses can be magnified when trading using leverage.
It is strongly recommended that clients use effective risk mitigation tools (such as stop loss orders) and money management when trading with leverage to mitigate the risks of trading.
| 100:1 Leverage | 500:1 Leverage | |
|---|---|---|
| Notional Value (1 lot) | $100,000 | $100,000 |
| Margin Required | $1,000 | $200 |
To change your leverage log into your client area or contact our premium support team.
| SWAP (points) | Long +2.5 | Short -1.2 |
|---|---|---|
| 1 Lot (FX) | $2.50 | $1.20 |
| Instrument | Daily Overnight | Triple Charge |
|---|---|---|
| FX | SWAPS | Wednesday |
| Indices | Finance Fee | Friday |
| Commodities | Finance Fee | None |
| Equity (CFD) | Finance Fee | None |
| Futures (CFD) | None | None |
SWAPS
SWAP charges are the overnight finance charges that apply when you hold a position over night. It is the cost of borrowing between the value of one currency against the other in a Forex Pair or the outright finance charge of leverage on instruments. You may pay or receive overnight fees.
Overnight fees are available to view in the ‘Product Specifications’ of each instrument in the trading platform. They are quoted in points and applied to your trade overnight, just like a spread charge.
Dividends & Corporate Actions
Equity based instruments are subject to a number of Corporate Actions and Dividend Adjustments.
Dividends - when a dividend is paid out, an Index price is re-valued to adjust for the dividend payment. This price adjustment means that a client should neither benefit nor be penalised, so the difference ie the ‘dividend’ is adjusted to the P&L of the trade.
| Index | Price | Dividend | New Price | Long DJ30 | Short DJ30 |
|---|---|---|---|---|---|
| DJ 30 | 27900 | 50 | 27850 | SWAP + 50 | SWAP - 50 |
When trading Equities (CFD) other Corporate Actions can take place, including but not limited to:
Stock Split
Shareholders are issued new shares according to the ratio of their holding
Bonus Issue
The unlikely event that a company may issue free shares to shareholders
Rights Issue
The option for existing shareholders to excercise an option to buy new shares on issue
Buy Back
When a company decides to buy back its own shares from shareholders
Rollovers
All future contracts have an expiry date, at which point the contract expires and delivery takes place of the asset. Crypto Blue Trades offers CFD Futures, which means our contracts don’t expire, but roll forward to the next period to allow clients to keep trading and holding positions.
When a CFD Future contract is rolled, it is adjusted from the current month expiry date to the next month's expiry date. The change in the two prices is adjusted to client accounts to ensure that clients are not disadvantaged from the rollover.
| Symbol | Product | Roll Date |
|---|---|---|
| VIX | Volatility Index | 12/11/2020 |
| GOLDft | Gold | 26/11/2020 |
| SILVERft | Silver | 26/11/2020 |
All Futures contracts rollover dates and amounts can be viewed on the website of the underlying exchange.
| Symbol | US Thanksgiving | The Day after Thanksgiving |
|---|---|---|
| SPX500 | Early Close @ 20:00 | Early Close @ 20:15 |
| NAS100 | Early Close @ 20:00 | Early Close @ 20:15 |
| US2000 | Early Close @ 20:00 | Early Close @ 20:15 |
Market Notifications
Financial Market hours are often adjusted around Public Holidays and world events. With Financial instruments being traded all over the world, it is common for market hours to be adjusted regularly.
The table illustrates upcoming market notifications that set out any changes to the ‘normal market’ hours.
Clients should always be aware that changes in market hours can often have an impact on the liquidity of the market, which can cause large price movements and gaps in pricing. Clients should always maintain sufficient margin and pay particular attention to highly volatile market conditions.
Margin Stop & Margin Call
Trading with leverage means that you use small amounts of capital to place larger trades. This capital is known as Margin. If the market moves against you, it is important that you maintain sufficient margin in your account to keep the positions open.
If the equity on your account falls to 80% of the margin required, you will enter a ‘margin call’, which is a period where you should add more funds to increase your equity or reduce your margin requirement. If the equity on your account falls to 50% of the margin required, your largest positions and subsequent positions may be closed out.
| Margin Call | Margin Stop | |
|---|---|---|
| Equity % of Margin Required | 80% | 50% |