Indices – Merakifx

A Simpler Way To Trade Stocks?

You have probably heard of the Dow Jones or the S&P, perhaps even Nasdaq and FTSE. These are some of the biggest indices in the world. Indices are a representation of a group of stocks, from as few as ten to a hundred or more.

Indices are an aggregate of movement of a group of stocks, reflecting market conditions and from a broader perspective, how the economy of that specific country is doing.

With CFI, you can trade a diversified number of indices across US, Europe and Asia. If you have a certain view on a group of stocks or the stocks of a country, indices are your instrument of choice as they allow you to have directional exposure on a large number of companies, instead of buying or selling individuals stocks.

The advantage of cash indices is that they have no expiry date so you can hold them for a short period or for the long term. Furthermore, they replicate the hours of the future contracts that are traded on exchanges.

Spreads
The Spread is the difference between the ‘bid price’ and the ‘offer price’. The bid price is where the investor can sell a position and the offer price is where the investor can buy a position. Given that markets are all about supply and demand, the more liquid and active a product is, the smaller the spread between the buying and selling price thus, making it a more competitive option for traders.

Our charges are usually incorporated in the spread for most instruments that we offer. At CFI, we are connected to several liquidity providers and exchanges and offering competitive trading conditions is something we take very seriously. We are constantly working to provide even lower spreads and with recent advances in technology and deep enough liquidity, our efforts continue to translate into reality.

Symbol	Target Spread Zero Commission Account	Target Spread Dynamic Trader Account	Trading Hours GMT+3 Time
GER30	1.8	1.3	01:01-23:15,23:30-23:59
UK100	3.70	2.5	01:01-23:15,23:30-23:59
US30	3.10	1.6	01:01-23:15,23:30-23:59
US100	2	1.25	01:01-23:15,23:30-23:59
US500	0.9	0.6	01:01-23:15,23:30-23:59
JPN225	17	12	01:01-23:15,23:30-23:59
HKD50	10.50	8	04:16 – 06:59, 08:01-11:29, 12:16 – 21:59
CAC40	2.20	1.8	01:01-23:15,23:30-23:59

Competitive Swaps
Swaps, also known as rollovers, are interest rate amounts charged or earned for holding a buy or sell position overnight. The calculation takes into consideration the interest rate differential between two financial instruments.Swaps are also applicable on Indices and vary for several reasons, including overnight interest rates. Swap free accounts are also available.