What is the CFD product information for indices?

Our stock indices are specialty CFDs that give customers exposure to fluctuations in the value of the stock index, but cannot result in delivery of any stocks or instruments to or by customers. The minimum transaction size usually starts with one contract. To see the actual minimum transaction size for the desired market, please open the "Info" section within the trading platform. You will not be charged any additional commission unless we notify you in writing. Please note that you may incur additional costs and taxes in connection with our service.

1. Where applicable, 24-hour trading begins at 00:02 CET on Sunday (with the exception of Wall Street, US 500, US Tech 100 and Japan 225, which open at 00:00 CET on Sunday) and ends at 23 : 00 CET the following Friday.

Weekend trading hours are currently available from 12:00 AM on Monday (10:00 PM on Sunday for Forex) to 11:00 PM on Friday (CET).

All other indices are only offered during the official trading hours of the underlying. On request, our dealers will be happy to inform you about public holidays.

We offer standard and mini contracts for all of our indices. The contract value corresponds to the amount per whole index point that the contract is worth.

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

b) Please note that the Brazil 60 is issued as a BRL contract. Profits and losses are realized in Brazilian reals and cannot be paid out until converted to the account base currency.

2. All trading hours are listed in German local time, unless otherwise stated. Please note that the actual trading hours are determined by the local time of the country of origin of the index. As a result, seasonal adjustments (such as summer time), for example in Germany or in the country of origin, mean that the times listed are not precise.

a) During US Daylight Saving Time, this session runs from 17.10-07.00 (Sydney time).


a) The price of index CFDs is based on the next futures contract due on the underlying futures market. Cash CFD prices are adjusted according to the "fair value" principle between the applicable cash index and future index prices.

b) In order to be able to offer you accurate and reliable prices for China A50, we calculate a theoretical fair value instead of relying on price differences in the underlying market. Usually, arbitrage traders move the market closer to its fair value when there are price discrepancies between the spot and futures markets. Restrictions in China often restrict such arbitrage trades, in which price differences are traded. This can lead to large differences and movements between the underlying price differences and the theoretical fair values.

c) Spreads can change, especially in volatile market conditions. For 24 hour markets, the spread depends on whether the relevant underlying market is open ('in hours') or closed ('out of hours'). Other index markets are only quoted when the underlying futures market is open. Our trading spreads can change to reflect available liquidity at different times of the day. The out-of-hours spreads on US indices can fluctuate during the US reporting season. Our normal spread during the individual times is shown in the table.

d) Trading spreads can be offered either as a fixed value or a variable value. In the case of variable spreads, the value in the table is the spread that IG adds to the underlying market spread. All variable spreads are marked with an asterisk (*).

e) While the underlying futures market is open, our prices are never distorted or weighted (with the exception of “fair value” adjustments).

f) During the out-of-hours sessions of our 24 hour index markets, our quotes reflect our personal view of the market outlook. Furthermore, trades made by other customers can influence our quotes, as can price movements in other relevant markets that are also open. It may be that during such times there is no possibility of comparing our price.

g) On IG weekend index markets, our quotes reflect our view of the expectations of the respective markets. This could include analyzing specific markets or geographically specific news that may affect the stock index market that we are evaluating. In addition, our quotations can be influenced by the business of other customers. It is possible that there is no standard for our quotations at these times.

4. A premium is calculated for positions with a guaranteed stop loss, but only if the guaranteed stop actually takes effect. The potential premium is shown in the trade ticket and can become part of the margin if you add this stop type. We reserve the right to make changes to the premiums at any time and this applies in particular to weekends and during times of high market volatility. Positions with guaranteed stops are closed when the sell or buy price (depending on which position you hold) reaches the desired stop level.

If the guaranteed stop threshold of a customer is reached and the position is closed by a sale, for example, this sale could push our price to a lower level, which means that the guaranteed stop-loss position of another customer has to be closed.

If you hold an index position with a guaranteed stop that is subject to dividend adjustments, we will adjust your guaranteed stop based on the number of dividend points. This will ensure that your risk stays the same after the dividend is removed from the index. Your total loss remains the same if the guaranteed stop is triggered, regardless of whether your stop takes effect before or after the dividend adjustment.

5. Please note that the margin groups apply here. Higher margins may apply for larger positions. The margin requirements represent a percentage of the total position value and can vary depending on the account type. The applicable margin group can be found in the 'Info' section in the drop-down menu of the respective market. For more information, take a look at our margin groups.

6. Wall Street, US 500, US Tech 100 and US Russ 2000 forwards can be traded until 3:30 p.m. on the Expiration Date. This means that stop or limit orders can be filled by then.

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

i) A daily interest rate adjustment is calculated for positions that were opened before 23.00 CET and are still open after 23.00 CET. For AUD managed index contracts, a daily interest rate adjustment is calculated for each position which was opened before 4:50 pm (Sydney local time) and is still open after 4:50 pm (Sydney local time). These adjustments are transferred to the customer account on a daily basis. Please note that open positions are adjusted on Fridays with three-day funding to cover the weekend.

The interest rate adjustment is calculated as follows:

D = n x L x C x i / 365


D = daily interest rate adjustment

n = number of lots

L = lot size

C = underlying index price at 23.00 CET

i = Applicable annual interest rate

Note: The formula is based on a denominator (divisor) of 365 days for the FTSE® 100 as well as for other GBP, SGD and ZAR denominated markets. For all other markets, however, 360 days are used as the denominator or divisor. The financing rate for India 50 spot positions is based on the applicable interest rate for INR (Indian rupees), for Brazil 60 spot positions on the basis of the applicable interest rate for BRL (Brazilian real), for China A50 spot positions of the applicable interest rate for the CNH (Offshore Chinese Yuan), for South Africa 40 cash positions based on the valid interest rate for ZAR (South African Rand) and ** Malaysia 30 cash positions based on the valid interest rate for MYR (Malaysian Ringgit ), ** regardless of the currency of your trade.

Interest rate adjustments are debited for long CFD positions and credited for short CFD positions, provided the interbank rate is greater than 2.5%.

ii) A dividend adjustment will be applied after the distribution date of a share contained in the index has been exceeded (including the distribution date of special currencies) on the underlying stock exchange. In the case of long positions, the dividend adjustment will be credited to the customer account. In the case of short positions, the dividend adjustment will be debited from the customer's account.

8. If you trade in a currency that is not the currency of your account, your profits and losses will be offset in that currency and posted to your account in that currency. By default, we will automatically convert any positive or negative account balance in a currency that does not match your account currency into the currency of your account, including a standard fee of 0.5%. You can change this setting to daily, weekly or monthly at any time by visiting our platform.

9. At the request of the customer, an opened equity index position can expire on the day on which the order is placed.

We are unlikely to be able to accommodate such a request if:

a) the size of this position or positions exceeds 10 contracts

b) the request is made less than 2 hours before the close of the specified expiring market

By mutual agreement, the respective transaction will be converted into an expiry transaction and will automatically expire at the official closing price of the relevant expiry market.

10. Unless expressly agreed otherwise with IG Bank, futures CFD positions are transferred to a later date by default (automatic rollover). For most positions, a customer can request that the position not be automatically rollover to a later date before the position is automatically closed. The transfer of a position includes the closing of the old position and the opening of a new position. We usually try to contact a client shortly before a position expires and offer the opportunity to transfer the position. However, we cannot do this in every case, and it remains the responsibility of the customer to give their rollover preferences for each position prior to expiry.

11. Any futures CFD position that is not transferred will be settled on the expiry date at the official closing price of the underlying market. Depending on whether you are long or short, we will add or subtract half of the IG spread, unless it is futures CFD positions on the FTSE 100 or Wall Street. These expire without an additional IG spread.

12. The Cannabis Index tracks the gross total returns of the top twenty US and Canadian publicly traded companies whose revenues come directly from the cannabis industry. The index is calculated and administered by BITA GmbH. Further information can be found here.

13. We value our Volatility Index (VIX) and EU Volatility Index contracts differently than the contracts of our other Spot Index markets. Instead of tracking 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 in these markets. The overnight funding is also calculated using the undated raw material method. Please see our overnight funding page for more information.