CFD Equities
CFD Stock Product Sheet and Trading Terms (United States Stock Market) | ||||
Product | Symbol | Initial Margin | Minimum Contract / Trade | Maximum NOP |
Apple | #AAPL | 5% | 1 | 200 |
Adobe | #ADBE | 5% | 1 | 50 |
Amazon | #AMZN | 5% | 1 | 200 |
American Express |
#AXP | 5% | 1 | 150 |
Boeing | #BA | 5% | 1 | 100 |
Berkshire Hathaway | #BRK.B | 5% | 1 | 50 |
Caterpillar | #CAT | 5% | 1 | 200 |
CiscoSystems | #CSCO | 5% | 1 | 400 |
Chevron | #CVX | 5% | 1 | 200 |
Dropbox | #DBX | 10% | 1 | 400 |
WaltDisney | #DIS | 5% | 1 | 200 |
eBay | #EBAY | 5% | 1 | 400 |
Expedia | #EXPE | 10% | 1 | 200 |
FordMotor | #F | 5% | 1 | 400 |
#FB | 5% | 1 | 200 | |
General Electric | #GE | 5% | 1 | 200 |
#GOOG | 5% | 1 | 200 | |
GoldmanSachs Group | #GS | 5% | 1 | 50 |
Herbalife NutritionLtd | #HLF | 20% | 1 | 400 |
IBM | #IBM | 10% | 1 | 150 |
Intel | #INTC | 5% | 1 | 400 |
Johnson & Johnson | #JNJ | 5% | 1 | 100 |
JPMorgan Chase & Co | #JPM | 10% | 1 | 200 |
Coca-Cola | #KO | 10% | 1 | 200 |
Lockheed Martin Corporation | #LMT | 5% | 1 | 100 |
Lyft | #LYFT | 10% | 1 | 400 |
Mastercard Incorporated | #MA | 5% | 1 | 50 |
Marriott International | #MAR | 5% | 1 | 150 |
McDonald’s | #MCD | 10% | 1 | 100 |
3M | #MMM | 5% | 1 | 150 |
Moderna | #MRNA | 20% | 1 | 150 |
Morgan Stanley | #MS | 5% | 1 | 200 |
Microsoft | #MSFT | 5% | 1 | 150 |
Netflix | #NFLX | 5% | 1 | 100 |
Nike | #NKE | 10% | 1 | 200 |
NVIDIA | #NVDA | 10% | 1 | 200 |
Pepsi | #PEP | 5% | 1 | 200 |
Pfizer | #PFE | 5% | 1 | 200 |
Procter & Gamble | #PG | 5% | 1 | 150 |
Starbucks | #SBUX | 10% | 1 | 200 |
AT&T | #T | 5% | 1 | 400 |
Tesla | #TSLA | 5% | 1 | 150 |
Taiwan Semiconductor | #TSM | 5% | 1 | 200 |
Texas Instruments | #TXN | 5% | 1 | 100 |
Visa | #V | 5% | 1 | 200 |
Verizon Communications | #VZ | 5% | 1 | 400 |
Wells Fargo & Company | #WFC | 5% | 1 | 200 |
Walmart | #WMT | 5% | 1 | 150 |
Wynn Resorts | #WYNN | 10% | 1 | 200 |
Exxon Mobil | #XOM | 5% | 1 | 200 |
CFD Stock Product Sheet and Trading Terms (Germany Stock Market) | ||||
Product | Symbol | Initial Margin | Minimum Contract / Trade | Maximum NOP |
Adidas | #ADS | 5% | 1 | 200 |
Allianz SE | #ALV | 5% | 1 | 150 |
Bayer Aktiengesellschaft | #BAYN | 5% | 1 | 400 |
Bayerische Motoren Werke Aktiengesellschaft | #BMW | 5% | 1 | 200 |
Daimler AG | #DAI | 5% | 1 | 400 |
CFD Stock Product Sheet and Trading Terms (Hong Kong Stock Market) | ||||
Product | Symbol | Initial Margin | Minimum Contract / Trade | Maximum NOP |
AIA Group Limited | #AIA | 5% | 1 | 1500 |
Alibaba Group Holding Limited |
#ALIBABA | 10% | 1 | 800 |
ANTA Sports Products Limited | #ANTASPORTS | 5% | 1 | 1500 |
BYD Company Limited | #BYD | 10% | 1 | 1000 |
China Life Insurance Company Limited | #CHINALIFE | 5% | 1 | 3000 |
China Merchants Bank Co., Ltd. | #CMBANK | 5% | 1 | 3000 |
Galaxy Entertainment Group Limited | #GALAXYENT | 10% | 1 | 2500 |
Geely Automobile Holdings Limited | #GEELY | 10% | 1 | 3000 |
Hong Kong Exchanges and Clearing Limited | #HKEX | 5% | 1 | 400 |
JD Health International Inc. | #JDHEALTH | 10% | 1 | 1500 |
JD.com, Inc. | #JDHK | 5% | 1 | 600 |
Kuaishou Technology | #KUAISHOU | 10% | 1 | 600 |
Meituan | #MEITUAN | 10% | 1 | 600 |
China Mengniu Dairy Company Limited | #MENGNIU | 10% | 1 | 3000 |
Ping An Insurance (Group) Company of China, Ltd. | #PINGAN | 5% | 1 | 2000 |
Ping An Healthcare and Technology Company Limited | #PINGANHC | 10% | 1 | 1500 |
Sands China Ltd. | #SANDSCN | 10% | 1 | 3000 |
Sun Hung Kai Properties Limited | #SHKPPT | 5% | 1 | 1500 |
ShanghaiPharmaceuticals Holding Co., Ltd | #SHPHAMA | 10% | 1 | 3000 |
Semiconductor ManufacturingInternational Corp. | #SMIC | 10% | 1 | 3000 |
Sunny Optical Technology (Group) Company Limited | #SUNNYOPTIC | 10% | 1 | 1000 |
Tencent Holdings Limited | #TENCENT | 10% | 1 | 300 |
Xiaomi Corporation | #XIAOMI | 5% | 1 | 3000 |
Leverage |
Each lot is one share, maximum leverage ratio 1:20, which is 5% equivalent to the contract value |
The margin hedge is 10% of the new open position margin, which means the sum of one buy and one sell of the hedge position is 20% of one new open position margin |
Leverage ratio of trading accounts does not apply to CFD stock products |
Time Zone and Trading Session |
Trading Platform Time Zone: GMT+2 (Daylight Saving Time GMT+3) |
US Stock Trading Session: GMT+2/+3 16:30 to 22:59 GMT from Monday to Friday |
German Stock Trading Session: GMT+2/+3 10:00 to 18:29 GMT from Monday to Friday |
Hong Kong Stock Trading Session (Winter time) : GMT+2 : 03:30 – 06:00 / 07:00 – 10:00 GMT from Monday to Friday |
Hong Kong Stock Trading Session (Summer time) : GMT+3 : 04:30 – 07:00 / 08:00 – 11:00 GMT from Monday to Friday |
Transaction Fee |
0.4% entry price of each contract, with USD10 minimum transaction fee for each round trip (The standard applies to all kinds of accounts) |
For example, client buys 20 lots (20 shares) of Apple’s CFD stocks at a price of USD 200 |
The transaction fee is: 200 × 20 × 0.004 = USD 16 |
*The transaction fee of CFD stock products is fixed, which is different from the transaction fee of other products. |
Calculation of Trading Profit and Loss |
Calculation of Trading Profit and Loss = ( sell price – buy price ) × contract volume |
For example, client buys 20 lots (20 shares) of Apple’s CFD stocks at a price of USD200 and closes the position at USD210 |
P&L is: (210 – 200) × 20 = USD 200 |
German CFD stock is calculated in market price euro, and will be converted to USD instantly. |
Hong Kong CFD stock is calculated in market price euro, and will be converted to USD instantly. |
Calculation of Swap |
Daily Swap Calculation and Process Time: GMT +2/+3 23:59, 3-days-swap will be charged on every Friday. |
Swap Amount per Trading Day = entry price × contract volume × buy or sell swap / 360 |
For example, cusomter buys 20 lots (20 shares) of Apple’s CFD stocks at a price of USD200, and holds the position for a day at a buying swap rate of -4.5%The swap of the day is: 200 × 20 × 4.5% / 360 = USD 0.5 |
The proportion of positions held by buyers and sellers in the market is considered when calculating the overnight swap of CFD stocks. |
For example, when 90% of the market participants bullish on a market or a stock, the swap to be paid by the buyers is significantly different from that to be paid by the sellers. The sellers may even have swap fee receivable. |
Dividend and Other Calculations that Affect the CFD Stock Price |
As this does not actually own the physical stocks when trading CFD, therefore this is not actually entitled to distribute any dividend on the stocks, issue any option or split any share.However, to ensure that there is no material impact on the position after the stock price rises/falls, such extra losses/profits will be automatically deposited/deducted from the account balance (depending on the direction of position). |
Adjustment in relevant trading accounts will be reflected (deposit or deduction) after the closing of the trading day immediately before the calculation date on which the issue affecting the price of the individual stock is included.For example, if the ex-dividend date of an individual stock is March 20 and client still holds the CFD position of the stock after the closing of the stock market on March 19, it will be included in the calculation list of adjusting the balance of stock dividend. |
Please refer to the announcements on the website of the specific exchange for information about the stock dividend adjustment and other issues related to the stock. |
Pending Order |
1. Take-Profit and Stop-Loss orders on the existing open position are always valid unless canceled by clients themselves |
2. New pending orders are valid until the Friday closing, or cancelled at the time specified by the client (whichever the earlier) |
The minimum price gap between the limit orders’ placing and the market price: It varies with the price of the CFD stock. |
Please refer to the detail data of relevant CFD stock in the trading platform. |
Spread and Execution Type |
Execution Type (pending orders included): Market price filling |
Spread: Floating spread |
NOP and Volume Limit |
The NOP of each CFD stock product by each client (including all of the client’s adjunct accounts) is subject to the above list. |
The volume range of per click is 1 – 300 lots, and it needs to meet the maximum NOP requirement, subject to the above list. |