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Indices-Zero

We have just introduced our new Zero Spread Indices with Commissions. This is available to all the clients except clients who have accounts in CEN and SEN. This is just an addition to the list of symbols in our existing account types i.e. STD, ECN and FIXED (USD, ZAR, GBP & KWD). Please find below some key insights for more information.

Security Set
The Zero Spread Indices will be under Security Set Indices-Zero

Symbol Suffix
All the Zero Spread Indices will have .z as its suffix at the end indicating it's a zero spread index.

  1. USA.30.z
  2. NAS100.z
  3. SPX500.z
  4. UK.100.z
  5. FRA.40.z
  6. GER.30.z
  7. EUR.50.z

Margin | Leverage | Contract Size | SWAPs
They are exactly the same as the current standard index contracts under symbol suffix .cfd. The only difference between .cfd and .z is the spread and .z is a Zero Spread Index.

Commission

1. STD | ECN | FIXED - USD ACCOUNTS
USD 210 PER STANDARD LOT

2. STD | ECN | FIXED - ZAR ACCOUNTS
ZAR 3000 PER STANDARD LOT

3. STD | ECN | FIXED - GBP ACCOUNTS
GBP 150 PER STANDARD LOT

4. STD | ECN | FIXED - KWD ACCOUNTS
KWD 70 PER STANDARD LOT

IB Rebates
IB Rebates for Zero Spread Indices is exactly like the current rebates for .cfd index symbols i.e. ZAR 1,000 per standard lot.

The changes have already been made on the IB campaigns accordingly. Should you have any questions, please feel free to email help@veracitymarkets.com.