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Micro Indices

We are proud to announce that micro indices have been launched on our Trading Platform. Novice traders with a relatively small account can take advantage of global equity markets such as the all-time favourite Nasdaq100. Traders can now choose whichever index to trade i.e. the newly added micro indices or the existing standard indices, in the same account.

Please find the details below for the newly added Micro Indices:

Symbol Names

USA.30.mic
NAS100.mic
SPX500.mic
UK.100.mic
FRA.40.mic
GER.30.mic
EUR.50.mic

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Security Set 
Indices-Micro

Contract Size
1 Standard Lot = 1 Index Points
0.10 Lot = 0.10 Index Points
0.01 Lot - 0.01 Index Points

Please find the details below for the existing contracts:

Symbol Names
USA.30.cfd
NAS100.cfd
SPX500.cfd
UK.100.cfd
FRA.40.cfd
GER.30.cfd
EUR.50.cfd

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Security Set 
Indices-CFD

Contract Size
1 Standard Lot = 100 Index Points
0.10 Lot = 10 Index Points
0.01 Lot - 1 Index Points

Available on all trading account types: ECN, STD and Fixed.

Micro Indices calculation

a.) Margin Calculation: CFD-Leverage (Lots x contract size x market price /
Leverage x percentage / 100) 

Example:

Symbol: USA.30.mic 

Open Price: 33893.65 

Leverage:
1:200 

Calculation: 

USA.30.mic 0.01 lot, buy at 33893.65.

0.01 x 1 x 33893.65 / 200 x 100 /100 = 1.69  

b.) Profit Calculation: CFD (Close price – Open price x contract size x lots) 

Example: 

Symbol: USA.30.mic 

Open Price: 33893.65 

Close Price: 33900.80 

Leverage:
1:200 

Calculation: 

USA.30.mic 0.01 lot, buy at 33893.65.
Closed at 33900.80

33900.80 – 33893.65 x 1 x 0.01 = $ 0.07

c.) Swap Calculation: By money in margin currency (Lots x long or short)

Example:

Symbol: USA.30.mic 

Swap Long: -2.421 

Swap Short: -1.339 

Calculation: 

USA.30.mic 0.01
lot, buy at 33893.65 

= 0.01 x -2.421 =
-0.02 

Note:

Symbols such as FRA.40, GER.30, UK.100 & EUR.50 are EUR based symbols and
above calculations for these symbols will be converted from EUR to USD or EUR
to ZAR depending on the account group.  

Happy Trading!!!