|Minimum position||0.01 lot
(1 lot = 100 indices)
|Maximum position||0.50 lots
(0.50 lots = 50 indices)
|Commissions||1 point index|
|Divident on index||When any underlying stock that is part of an Index CFD goes ex-dividend, the Index CFD will be price adjusted to reflect this dividend. The weighted proportion of the applicable dividend within the Index CFD will be credited to the client's account for long positions and debited for short.
Please note that the DAX30 is a Total Return Index, meaning the index is automatically adjusted for dividends.
Index Dividend = Share Dividend * Shares in Index / Index Divisor.
* Divisor: an amount used to stabilise the index value when its composition changes. The sum of all index members' prices is divided by the divisor to achieve the normalised index value. The divisor is adjusted when capitalisation amendments are made to the index members, allowing the index value to remain comparable at all times.
To prevent the value of an index from changing due to such an event, all corporate actions that affect the market capitalisation of the index require a divisor adjustment to ensure that the index values remain constant immediately before and after the event.
|Work time*||European Indices
UKX (FTSE 100): 10:00 - 23:00
DAX (DAX 30): 09:00 - 23:00
CAC (CAC 40): 09:00 - 23:00
SMI (Swiss Market Index): 10:00 - 18:30
DJIA (Dow Jones),
NDX (Nasdaq 100),
SPX (S&P 500):
Monday to Friday - 01:00 to 00:00
Interruption: 23:15 - 23:30
CCMP (Nasdaq Composite): 4:30 - 23:00
* Server time GMT +2
Every night between 02.00 and 02.20 Meta Trader servers implement regular optimization about 2-10 minutes. During this time orders are not accepted. Orders can be submitted by phone or chat. In this case the order is placed by a dealer according to client requirements. The dealer has the right to ask for password and various questions aimed to clear client identification. In this case Varchev Finance Ltd. does not accept responsibility for client loses and unrealized profits.