Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Help and Support

CFD Indices product details

Below you can find the product details for each market including average spreads, commission, margin, overnight funding charges and market hours.

CFD Indices product details

Download all margin for indices CFDs here:
Indices CFD Margin Tiers (Retail) 
Indices CFD Margin Tiers (Professional) 

    

Cash

Our cash index CFDs are undated transactions which aim to replicate the cash price of the underlying index, and are therefore adjusted for interest and dividends [7]. Notes in [square brackets] are detailed in the notes tab.
 
Popular markets
Index name [1]Value of one Standard / Mini [1] contract Dealing hours [2]Dealing spread [3]Guaranteed stop premium [4]*Minimum margin requirement per Standard / Mini contract (Retail [5])
FTSE 100£10 / £201.00-07.0030.85%
24 hours07.00-08.002
08.00-16.301
16.30-21.002
21.00-01.004
Wall Street$10 / $207.00-14.303.61.85%
24 hours14.30-21.002.4
22.00-23.009.8
All other times4.8
US 500$250 / $5014.30-21.000.40.255%
24 hours22.00-23.001.5
All other times0.6
Germany 40€25 / €500.15-07.0051.55%
24 hours07.00-08.002,8
08.00-16.301.4
16.30-21.002,8
21.00-00.157
Hong Kong HS50HKD50 / HKD1001.15-04.0051010%
24 hours05.00-08.305
09.15-18.598
All other times30
(GMT)
Japan 225 [1a]$5 / $123.00-00.301585%
24 hours00.30-21.157
21.15-21.5915
All other times (GMT)30
Weekend UK 100 Cash£10 / £2Saturday 08.00- Sunday 22.408N/A5%
Internet trading only
Weekend Germany 40 Cash€25 / €5Saturday 08.00- Sunday 22.4015N/A5%
Internet trading only
Weekend Wall Street Cash$10 / $2Saturday 08.00- Sunday 22.4030N/A5%
Internet trading only
Weekend US Tech 100$10 / $2Saturday 08.00 - Sunday 22.4016N/A5%
Internet trading only
Weekend Hong Kong H50HKD50 / HKD10Saturday 08.00- Sunday 22.4035N/A10%
Internet trading only
North and Central American markets
Index name [1]Value of one Standard / Mini [1] contract Dealing hours [2]Dealing spread [3]Guaranteed stop premium [4]*Minimum margin requirement per Standard / Mini contract (Retail [5])
US Tech 100$100 / $2014.30-21.00115%
24 hours22.00-23.005

All other times2
Russell 2000$50/ $1022.00-23.000.80.310%
24 hoursAll other times0.3
Brazil 60 [1b]BRL5 / BRL113.00-21.55100*410%
Cannabis Index13$114:30-21:006310%
US Fang$50 / $1009.00-14.303110%
14.30-21.001.8
21.00-01.003
01.00-09.005
Emerging Markets Index$50 / $1014.30-21.000.50.510%
23.00-01.002
All other times1
European markets
Index name [1]Value of one Standard / Mini [1] contract Dealing hours [2]Dealing spread [3]Guaranteed stop premium [4]*Minimum margin requirement per Standard / Mini contract (Retail [5])
EU Stocks 50€10 / €200.15-07.00215%
24 hours07.00-21.001.5

21.00-00.153
France 40€10 / €200.15-07.00315%
24 hours07.00-08.002

08.00-16.301

16.30-21.002

21.00-00.154
Italy 40€5 / €108.00-16.50201210%
24 hours16.50-19.3020*

19.30-08.0048
Netherlands 25€200 / €4007.00-08.000.30.310%
24 hours08.00-16.300.3

16.30-21.000.5

21.00-07.000.1
Norway 25NOK100 / NOK2008.00-15.200.70.610%
24 hours
PT20€ 108.06-16.30201010%
24 hours16.30-08.0550
Spain 35€10 / €207.00-08.005*4.510%
24 hours08.00-16.305

16.30-19.005*

19.00-07.0012
Sweden 30SEK100 / SEK2008.00-16.250.50.810%
24 hours16.25-08.001.5
Switzerland Blue ChipCHF10 / CHF207.00-21.002*210%
24 hours21.00-07.006
FTSE Mid 250£10 / £208.15-16.300.2% of index price0.3% of index price10% of index price
FTSE Techmark£10 / £208.15-16.300.2% of index price0.3% of index price10% of index price
Germany Mid-Cap 50€5 / €107.10-21.006*510%
Germany Tech 30€10 / €207.00-21.002*110%
HU12HUF50 / HUF1008.05-16.00100*20010%
GR25€2 / €0.408.15-15.2015*n/a10%
Denmark 25DKK100 / DKK2008.00-15.5510.610%
Asian, Australian and South African markets
Index name [1]Value of one Standard / Mini [1] contract Dealing hours [2]Dealing spread [3]Guaranteed stop premium [4]*Minimum margin requirement per Standard / Mini contract (Retail [5])
Australia 200AUD25 / AUD509.50-10.0021.510%
24 hours10.00-16.001

16.00-16.302

17.10-08.00 [2a]3
China A50$1 / $0.2001.00-08.30102010%
[3f]09.00-20.4510*
24 hoursAll other times24
(GMT)
China H-SharesHKD50 / HKD1001.15-04.0061010%
24 hours05.00-08.306
09.15-18.596
All other times18
(GMT)
Singapore Blue ChipSGD100 / SGD4000.30-09.100.1*0.210%
24 hours10.15-17.540.1*
All other times0.6
(GMT)
South Africa 40ZAR50 / ZAR1006.30-15.308*610%
24 hoursAll other times100
(GMT)
IND50$10 / $203.45-10.004410%
24 hours10:40-20:455
01:00-03:455
10:00-10:155
All other times18
(GMT)
Taiwan index$40 / $1000.45-05.450.41.710%
06.15-21.150.6
All other times1.2
(GMT)
Tokyo First SectionY10,000 / Y200001.00-07.150.8110%
00.45-01.001.2
08.30-21.201.2
All other times2
Hong Kong Tech indexHKD50 / HKD1001:15-04:004*510%
05:00-08:304*
09:15-19:006*
(GMT)
All other times


    

Futures

Unless expressly agreed otherwise with IG, positions on futures CFDs will be rolled over to a later date by default, details of which can be found in the notes tab [10]. Where a client has agreed with IG to expire index futures CFDs, we will do so on specific future dates, with cash-settlement as detailed in the settlement tab [11]. Notes in [square brackets] can be found in the notes tab.

 
Popular markets
Index name [1]Value of one Standard / Mini [1] contract Dealing hours [2]Dealing spread [3]Guaranteed stop premium [4]*Minimum margin requirement per Standard / Mini contract (Retail [5])
FTSE 100£10 / £207.00-21.0040.85%
24 hoursAll other times8
Wall Street$10 / $208.00-21.0061.85%
24 hours22.00-23.0017
All other times10
US 500$250 / $5021.30-22.0010.45%
24 hours22.00-23.002.4
23.00-21.151
Germany 40€25 / €508.00-16.3061.55%
24 hoursAll other times12
Hong Kong HS50HKD50 / HKD1001.15-04.00161510%
24 hours05.00-08.3016
09.15-18.5916
All other times30
(GMT)
Japan 225 [1a]$5 / $121.15 (GMT) - 23.00 (London)20205%
24 hoursAll other times30
North and Central American markets
Index name [1]Value of one Standard / Mini [1] contract Dealing hours [2]Dealing spread [3]Guaranteed stop premium [4]*Minimum margin requirement per Standard / Mini contract (Retail [5])
US Tech 100$100 / $2021.30-22.00315%
24 hours22.00-23.006.8
23.00-21.153
US Russell 2000$50 / $1022.00-23.000.80.310%
24 hoursAll other times0.3
MX35MXN50 / MXN1013.30-20.0050*4010%
European markets
Index name [1]Value of one Standard / Mini [1] contract Dealing hours [2]Dealing spread [3]Guaranteed stop premium [4]*Minimum margin requirement per Standard / Mini contract (Retail [5])
EU Stocks 50€10 / €207.00-21.00215%
24 hours21.00-07.004
France 40€10 / €207.00-21.00415%
24 hoursAll other times8
Italy 40€5 / €108.00-16.5081210%
24 hours16.50-19.308*
19.30-08.0038
Netherlands 25€200 / €4007.00-08.000.30.410%
24 hours08.00-16.300.2
16.30-21.000.3
21.00-07.000.6
Norway 25NOK100 / NOK2008.00-15.200.70.610%
24 hours
Spain 35€10 / €207.00-08.008*4.510%
24 hours08.00-16.308
16.30-19.008*
19.00-07.0018
Sweden 30SEK100 / SEK2008.00-16.250.70.810%
24 hours16.25-08.001.5
Switzerland Blue ChipCHF10 / CHF207.00-21.006*210%
24 hours21.00-07.0010
AT20€10 / €208.05-16.3010*510%
Germany Mid-Cap 50€5 / €107.10-21.008*510%
Germany Tech 30€10 / €207.00-21.003*110%
HU12HUF50 / HUF1008.05-16.00100*20010%
GR20€2 / €0.408.15-15.2020*n/a10%
Denmark 25DKK100/DKK2008.00-15.5540.610%
Asian, Australian and South African markets
Index name [1]Value of one Standard / Mini [1] contract Dealing hours [2]Dealing spread [3]Guaranteed stop premium [4]*Minimum margin requirement per Standard / Mini contract (Retail [5])
Australia 200AUD25 / AUD509.50-16.30325%
24 hours17.10-08.00 [2a]4
All other times7
(Sydney)
China H-SharesHKD50 / HKD101.15-04.00121510%
24 hours05.00-08.3012

09.15-18.5912

All other times (GMT)24
Singapore Blue ChipSGD100 / SGD4000.30-09.100.2*0.210%
24 hours10.15-17.540.2*
(GMT)1
South Africa 40ZAR50 / ZAR1006.30-15.3012*610%
24 hoursAll other times100
(GMT)
Other markets
Index name [1]Value of one Standard / Mini [1] contract Dealing hours [2]Dealing spread [3]Guaranteed stop premium [4]*Minimum margin requirement per Standard / Mini contract (Retail [5])
Volatility Index (VIX) - undated$1000 / $20021.30-21.15 (Opens at 23.00 on Sundays)0.080.220%
Volatility Index (VIX)$1000 / $20021.30-21.15 (Opens at 23.00 on Sundays)0.10.220%
EU Volatility Index€1000 / €20007.05-21.000.160.420%


    

GBP Contracts

 
Index name [1]Value of one Standard / Mini [1] contract Dealing hours [2]Dealing spread [3]Guaranteed stop premium [4]*Minimum margin requirement per Standard / Mini contract (Retail [5])
Wall Street£107.00-14.303.61.85%
24 hours14.30-21.002.4
22.00-23.009.8
All other times4.8
US 500£114.30-21.000.40.255%
24 hours22.00-23.001.5
All other times0.6
Germany 40£108.00-16.301.21.55%
24 hours16.30-21.002
21.00-07.007
07.00-08.002
France 40£108.00-16.30115%
24 hours16.30-21.002
21.00-07.005
07.00-08.002


    

Settlement


Popular markets

FTSE® 100
Last dealing day: Third Friday or previous business day of contract month. Settles: At the Exchange Delivery Settlement Price (EDSP) of the FTSE 100 as reported by Liffe on the last dealing day. The EDSP is based on an intraday cash market auction of the FTSE 100 which commences at 10.10 on the last trading day. Uncrossing of the component stocks should be finished by 10.15. Traded months: Current and next month, current and next quarter.

Wall Street
Last dealing day: Third Friday or previous business day of contract month. Settles: At the Special Opening Quotation (SOQ) of the DJIA. The SOQ is calculated from the opening auctions of the 30 DJIA stocks on the NYSE. Traded months: Current and next month, current and next quarter.

US 500
Last dealing day: Third Friday, or previous business day of contract month. Settles: At the Special Opening Quotation (SOQ) of the S&P 500. The SOQ is calculated from the opening auctions of all S&P 500 stocks. Traded months: March, June, September, December

Germany 40
Last dealing day: Third Friday (or previous business day) of contract month. Settles: Based on the Final Settlement Price of the DAX, as reported by Eurex, determined in an intraday auction starting at 13:00 CET in the electronic trading system Xetra. Traded months: March, June, September, December.

Hong Kong HS50
Last dealing day: Business day preceding last Hong Kong business day of month. Please note that this contract can only be dealt in until 16.00 Hong Kong time on the last dealing day. Settles: At the settlement price of the Hang Seng on the last dealing day on the Hong Kong Futures Exchange. The settlement price is the average of the Hang Seng at five-minute intervals, rounded down to the nearest whole number, on the last trading day. Traded months: Current and next month.

Japan 225
Last dealing day: Business day preceding second Friday or previous business day of contract month. This contract can be dealt in until 21.15 London time on the last dealing day. Settles: At the Special Opening Quotation (SOQ) of the Nikkei 225 Stock Average, on the day following the last dealing day, rounded to the nearest 1/10th of an index point. Traded months: March, June, September, December.

North and Central American markets

US Tech 100
Last dealing day: Third Friday or previous business day of contract month. Settles: At the Special Opening Quotation (SOQ) of the NASDAQ 100 index, based on the NASDAQ Official Opening Price (NOOP) of the constituent stocks. Traded months: March, June, September, December.

US Russell 2000
Last dealing day: Third Friday or previous business day of contract month. Settles: Based on the Final Settlement Price of the Russell 2000 as reported by ICE NYBOT. Traded months: March, June, September, December.

Mexico 35
Last dealing day: Third Friday of contract month or previous business day. Settles: Based on the final settlement price of the MEX BOLSA IPC Future on the Mexican Derivatives Market. Traded months: March, June, September, December.

European markets

Austria 20
Last dealing day: Third Friday of contract month or previous business day. Settles: Based on the Final Settlement Price of the Austrian Traded Index reported by Wiener Borse, after the intraday auction starting at 12.00 CET of ATX stocks on Xetra. Traded months: March, June, September, December.

EU Stocks 50

Last dealing day: Third Friday of contract month or previous business day. Settles: Based on the Final Settlement Price of the EURO STOXX 50 index, as reported by Eurex, which is calculated as the average of the underlying index values between 11.50 and 12.00 CET on the last trading day. Traded months: March, June, September, December.

France 40
Last dealing day: Third Friday of contract month or previous business day. Settles: Based on the Exchange Delivery Settlement Price (EDSP) of the CAC 40 index as reported by Euronext Paris, on the last trading day. The EDSP is calculated as the arithmetic mean (rounded to one decimal place) of the index values between 15.40 and 16.00 (Paris time and including the last value disseminated after 16.00) on the last trading day. Traded months: Current and next month.

Germany Mid-Cap 50
Last dealing day: Third Friday of contract month or previous business day. Settles: Based on the Final Settlement Price of the MDAX, as reported by Eurex, determined in an intraday auction starting at 13:05 CET in the electronic trading system Xetra. Traded months: March, June, September, December.

Germany Tech 30
Last dealing day: Third Friday of contract month or previous business day. Settles: Based on the Final Settlement Price of the TecDAX, as reported by Eurex, determined in an intraday auction starting at 13:00 CET in the electronic trading system Xetra. Traded months: March, June, September, December.

Greece 25
Last dealing day: Third Friday of contract month or previous business day. Settles: Based on the Final Settlement Price of the FTSE/ATHEX Large Cap index future, as published by Athens Derivative Exchange. Traded months: Current and next month. next month.

Hungary 12
Last dealing day: Third Friday of contract month or previous business day. Settles: Based on the final settlement price of the BUX Exchange Future on the Budapest Stock Exchange. Traded month: December.

Italy 40
Last dealing day: Third Friday of contract month or previous business day. Settles: Based on the settlement price of the FTSE®/MIB Index future as reported by Borsa Italiana. The settlement price is a value of the FTSE®/MIB Index calculated on the basis of opening prices of the constituent shares on the last dealing day. Traded months: March, June, September, December.

Netherlands 25
Last dealing day: Third Friday of contract month or previous business day. Settles: Based on the settlement price of the AEX Index as reported by Euronext Amsterdam, calculated as an average of the AEX Index values at one-minute intervals between 15.30 and 16.00 (Amsterdam time) on the last trading day. Traded months: March, June, September, December.

Norway 25
Last dealing day: Third Thursday of contract month or previous business day. Settles: Based the official closing price of the OBX Index Future as reported by Turquoise (EDX London). Traded months: Current and next month.

Spain 35
Last dealing day: Third Friday of contract month or previous business day. Settles: Based on the final settlement price of the IBEX 35 futures as reported by MEFF, calculated as an average value of the IBEX 35 between 16.15 and 16.44 (Madrid time) on the last dealing day. Traded months: Current and next month.

Switzerland Blue-Chip
Last dealing day: Third Friday of contract month or previous business day. Settles: Based on the Final Settlement Price of the SMI futures as reported by Eurex, calculated on the basis of the SIX Swiss Exchange opening prices of the SMI component shares on the last dealing day. Traded months: March, June, September, December

Sweden 30
Last dealing day: Third Friday of contract month or previous business day. Settles: Based on the final settlement price of the OMXS30 as reported by NASDAQ OMX on the last trading day. The price is calculated using the previous day’s closing price of the OMXS30 futures and a volume weighted average price of the OMXS30 on the expiration day. Traded months: Current and next month.

Asian, Australian and South African markets

Australia 200
Last dealing day: Third Thursday of contract month or previous business day. Settles: At the Special Opening Quotation (SOQ) of the S&P/ASX 200 on the last trading day calculated to one decimal place. The SOQ is calculated using the first traded price of each component stock in the S&P/ASX 200 on the last trading day, irrespective of when those stocks first trade in the ASX trading day. Traded months: March, June, September, December.

China H-Shares
Last dealing day: Trading day preceding last business day of contract month. Settles: Based on the final settlement price of the Hang Seng China Enterprises Index calculated on the last dealing day. Traded months: Current and next month.

India 50
Last dealing day: Last Thursday of contract month or previous business day. Settles: Based on the official closing price of the CNX Nifty Index on SGX on the last Thursday of the contract month. Traded months: Current and next month.

Singapore Blue Chip
Last dealing day: Second last Singapore trading day of contract month. Settles: Based on the Special Opening Quotation of the MSCI Singapore Free Index on the day following the last trading day, as reported by SGX. Traded months: Current and next month.

South Africa 40
Last dealing day: Third Thursday of contract month or previous business day. Settles: Based on the official settlement price of the FTSE®/JSE Top 40 futures as reported by the JSE Securities Exchange on the third Thursday of the contract month. Traded months: March, June, September, December.

Taiwan Index
Last dealing day: Trading day preceding the last business day of contract month. Settles: Based on the Special Settlement Price of the MSCI Taiwan Index as reported by SGX on the business day following the last trading day. Traded months: Current and next month.


Other markets

Volatility Index - undated
We price our Volatility Index (VIX) undated contracts in a different way to the rest of our cash index markets. Rather than aiming to replicate the underlying index price, we follow the method used to derive our undated commodity prices. This means that there is a difference between our undated price and the underlying index price on these markets. Funding is also calculated in line with the undated commodity method. Please see our overnight funding page for more details

Volatility Index (VIX)
Last dealing day: Trading day 30 days prior to third Friday of month following the contract month. Settles: Based on the final settlement value of the VIX futures as reported by CBOE on the last trading day. The final settlement value is determined from a SOQ of the index, which is calculated from the sequence of opening prices of the constituent SPX options. Traded months: Front two months.

EU Volatility Index
Last dealing day: Trading day 30 days prior to third Friday of month following the contract month. Settles: Based on the Final Settlement Price of the VSTOXX futures as reported by Eurex on the last trading day. The final settlement value is determined from an average of the underlying index values between 11.30 and 12.00 CET. Traded months: Front two months.


    

Expiry markets

 
Popular markets
Stock index CFDRelated expiry market
FTSE® 100FTSE 100
Wall StreetDJIA 30
US 500S&P 500
Germany 40DAX
Hong Kong HS50Hang Seng Index
Japan 225Nikkei 225
North and Central American markets
Stock index CFDRelated expiry market
US Tech 100NASDAQ 100
US Russell 2000Russell 2000
Mexico 35MEX BOLSA IPC
Brazil 60BMF IBOVESPA
European markets
Stock index CFDRelated expiry market
EU Stocks 50Dow Jones Euro STOXX 50
France 40CAC 40
FTSE® 250FTSE® 250
Germany Mid-Cap 50MDAX
Germany Tech 30TecDAX
Greece 25FTSE/ATHEX Large Cap
Italy 40FTSE® MIB
Netherlands 25AEX
Norway 25OBX
Spain 35IBEX 35
Sweden 30OMXS30
Switzerland Blue ChipSMI
TechmarkFTSE® techMARK 100
Asian, Australian and South African markets
Stock index CFDRelated expiry market
Australia 200S&P/ASX 200
China H-SharesHang Seng China Enterprises Index
China A50FTSE®/Xinhua A50 Index future plus fair value
India 50CNX Nifty Fifty
Singapore Blue ChipMSCI Singapore Free Index
South Africa 40FTSE®/JSE Top 40
Taiwan IndexMSCI Taiwan
Other markets
Stock index CFDRelated expiry market
Volatility Index (VIX)VIX
EU Volatility IndexVSTOXX


    

Notes

Our stock indices CFDs are contracts which give a client exposure to changes in the value of a stock index but cannot result in the delivery of any share or instrument by or to the client. Minimum transaction sizes usually start from one contract. Please refer to the 'Get Info' section within the trading platform to find the minimum transaction size for each market. We will not charge any additional commission unless we notify you in writing.

1. Where indicated, 24-hour dealing opens at 23.02 (London time) on Sundays, with the exception of Wall Street, US 500, US Tech 100 and Japan 225, which open at 23.00 (London time) on Sundays. 24-hour dealing closes at 22.00 (London time) on Fridays.

Weekend Markets are currently available from 08:00 (UK time) on Saturday through to 22:40 on Sunday (20:40 for Weekend FX).

Other indices are offered only when the underlying market is open. Please ask dealers for information about public holidays.

We offer Standard and Mini contracts on all our indices, and Micro contracts on a selection of markets. The contract value is the amount per whole index point that the contract is worth.

a) Please note that Japan 225 is priced as a USD denominated contract.

b) The Brazil 60 is quoted based on a BRL denominated contract. Profit and loss will be accrued and realised in BRL but cannot be withdrawn until converted to the account base currency.

2. All dealing hours are listed in London time, unless otherwise stated. Please note that actual trading times are governed by local time in the country of the index's origin. Consequently, seasonal adjustments (such as daylight saving) in either the UK or the country of origin may cause times shown to be imprecise.

a) During US daylight saving time, this session runs from 17.10-07.00 (Sydney time).

3. a) CFDs on indices are quoted with reference to the front month contract in the underlying futures market. Cash CFD prices are adjusted for the fair value between the prices of the cash index and relevant futures contract. Prices quoted for CFDs on the front month futures contract are not adjusted.

b) Spreads are subject to variation, especially in volatile market conditions. On 24 hour index markets, our spreads depend on whether the underlying futures market is open (in-hours) or closed (out-of-hours). Other index markets are only quoted when the underlying futures market is open. Our dealing spreads may change to reflect the available liquidity during different times of day. Out-of-hours spreads on US indices may vary during the US reporting season. Our normal spread during each time period is shown in the table.

c) Dealing spreads may be offered as a fixed or variable amount. If variable spreads are in use, then the spread shown in this table is the amount of IG spread added to the underlying futures market spread. Any variable dealing spreads are marked with an asterisk (*).

d) On all index markets, when the underlying futures market is open, we do not apply any weighting or biases to our pricing sources (with the exception of fair value adjustments).

e) During the out-of-hours sessions on 24 hour index markets, our quotations reflect our own view of the prospects for a market. This could include referring to price movements in other relevant markets which are open. Furthermore, business done by other clients may itself affect our quotations. There may be nothing against which to measure our quotation at these times.

f) In order to publish more accurate and reliable prices, IG calculates theoretical fair values for the China A50 indices rather than relying upon underlying market differentials. In general, where there are price discrepancies between the cash and futures markets, arbitrageurs return the market closer to its fair value. However, because of trading restrictions in China, these arbitrage trades are often restricted, resulting in wide variances and movements between the underlying market differentials and the theoretical fair values.

g) On IG’s weekend index markets, our quotations reflect our own view of the prospects for each market. This could include analysing specific market or geographic news flow that may affect the equity index market we are pricing. Furthermore, business done by other clients may itself affect our quotations. There may be nothing against which to measure our quotation at these times.

4. For guaranteed stop transactions a guaranteed stop premium is charged if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and can form part of your margin when you attach the stop. Please note that premiums are subject to change, especially going into weekends and during volatile market conditions.

5. Please note that tiered margining applies; this means that higher margins may be required for large positions. You can find the applicable tiered margins from the Get Info dropdown section within each market in the trading platform. See our margin page for more details.

6. Wall Street, US 500, US Tech 100 and US Russell 2000 futures contracts can be traded until 14.30 (London time) on the day of expiry. This means stop or limit orders can be filled until this time.

7. The following note refers to cash markets only. CFDs on cash stock indices are undated transactions that do not expire (unless requested, please see note 9). For each day that a position is open, adjustments are calculated to reflect the effect of interest (i), and, if necessary, dividends (ii).

i) A daily interest adjustment is calculated for any position that is opened before 22.00 (London time) and that is still open after 22.00 (London time). For stock index contracts denominated in Australian dollars a daily interest adjustment is calculated for any position that is opened before 16.50 (Sydney time) and that is still open after 16.50 (Sydney time). These adjustments are posted daily to the client's account. Please note that on Fridays open positions will be adjusted for 3 days funding, covering the weekend.

Interest adjustments are calculated as follows:

D = n x L x C x i / 365

Where:

D = daily interest adjustment

n = number of lots

L = lot size

C = underlying index price at 10pm (London time)

i = applicable annual interest rate

Note: The formula uses a 365-day divisor for the FTSE® 100 and other GBP, SGD and ZAR denominated markets, and a 360-day divisor for all others. Positions on the India 50 cash contract will have funding attributed based on the prevailing INR (Indian rupee) interest rate, positions on the Brazil 60 will have funding attributed based on the prevailing BRL (Brazilian real) interest rate, positions on the China A50 contract will have funding attributed based on the prevailing CNH (offshore Chinese yuan) interest rate, and positions on the South Africa 40 will have funding attributed based on the prevailing ZAR (South African Rand) interest rate, positions on the Taiwan Index cash contract will have funding attributed based on the prevailing TWD (Taiwanese Dollar) interest rate, regardless of the currency of your trade.

Interest in respect of long positions is debited from a client's account, and interest in respect of short positions is either credited to or debited from a client's account.

ii) Please note that overnight funding for the EU Volatility Index and the Volatility Index is calculated in the same way as for commodities without fixed expiries – see our overnight funding page for more details.

iii) A dividend adjustment is applied to take account of the ex-dividend adjustment to the index. This is the number of points by which the index price must be adjusted downwards to take account of those shares in the index which go ex-dividend at the close of the cash market. We will use the ex-dividend figure estimated by Bloomberg (E&OE), rounded to the tick size we use for that index, to determine what adjustment to apply. In the case of long positions, the dividend adjustment is credited to the client's account. In the case of short positions, the dividend adjustment is debited from the client's account.

8. When you trade in a currency other than your base currency, margin requirements and any profit or loss will be booked to your account in that currency. As a default, we will automatically convert any profit or loss you realise on closing a position to your base currency, including a charge of no more than 0.5% of the current spot rate. You may change this default at any time via our online dealing platform.

9. Clients may request that an open stock-index position will expire on the day that the request is made.

We are unlikely to agree to such a request if either:

a) the size of the position or positions is larger than 10 contracts

b) the request is made less than two hours before the close of the related expiry market

On our agreement to an expiry request, the transaction or transactions in question will become an 'Expiry Transaction', and will automatically expire at the official closing price of the related expiry market, as listed on the 'Expiry Markets' tab.

10. For futures CFDs positions, unless expressly agreed otherwise with IG, positions will be rolled over to a later date by default. For most positions, a client can, before the position has been automatically closed, ask for the position not to be rolled over to a later date. Rolling over a position involves closing the old position and opening a new one. We normally attempt to contact a client shortly before a position is due to expire and offer the opportunity to roll the position over. However, we cannot undertake to do this in every case, and it remains the client's responsibility to communicate their roll preferences for any position(s) before expiry.

11. Any futures CFD position that is not rolled over will settle on the expiry date based on the official closing price of the related expiry market, plus or minus half the IG spread, with the exception of CFDs on FTSE 100 and Wall Street futures, which expire without IG spread.

13. The Cannabis Index captures the Gross Total Return Performance of the 20 largest publicly listed US and Canadian companies with direct revenue exposure to the cannabis industry. The index is calculated and managed by BITA GmbH, for further information click here.

14. We price our Volatility Index (VIX) and EU Volatility Index contracts in a different way to the rest of our cash index markets. Rather than aiming to replicate the underlying index price, we follow the method used to derive our undated commodity prices. This means that there is a difference between our undated price and the underlying index price on these markets. Funding is also calculated in line with the undated commodity method. 



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