CloudTrade Market Information Sheets

This market information is correct at the time of publication but may be subject to change due to, but not exclusively, irregular market conditions. The most up to date version of the market information sheets will be shown on our website. Other markets may be available on request, please call our trading desk on 0860 77 77 66 for further information. Further information about individual markets such as market expiration, minimum/maximum trade sizes and guaranteed stop loss criteria are available by selecting the “i” button on the trading platform or by contacting our client services team by email at [email protected]. Market trading hours are in UK time (GMT). The margin factor rates detailed below may be increased where the size of the trade deems this appropriate.

Please select the “i” button to view any increased margin requirements. These market information sheets should be read in conjunction with client terms and conditions which take precedence in the event of a conflict with these sheets.

Please note that spreads, margins and times are subject to change. 

Indices    
Market NameSpreads FromMargin FromTrade PerTrading Hours (GMT+1)
SA40 (Future)20 points2.0%1 index pointMonday 07:30 to Friday 16:30
Australia 200 (Daily Rolling Cash)1 point0.75%1 index pointOpens Sunday to Friday 23.00 to 21.00. Closed periods during the week at 05.30 to 06.10 & 21.00 to 23.00
France 40 (Daily Rolling Cash)0.8 points0.75%1 index point07.00 to 21.00
France 40 (Future)5 points0.75%1 index point07.00 to 21.00
Germany 30 (Daily Rolling Cash)1 point0.75%1 index pointOpen Sunday 23.00 to Friday 21.00

Daily trading breaks between 21:15-21:30 &22:00 to 23:00
Germany 30 (Future)4 points0.75%1 index pointOpen Sunday 23.00 to Friday 21.00

Daily trading breaks between 21:15-21:30 &22:00 to 23:00
Hong Kong 42 (Daily Rolling Cash)5 points1.25%1 index pointOpen Monday 02:15 to Friday 21:00.

Daily trading breaks between 05:00 - 06:00 ,09.30 - 10.15, 22.00 - 22.05
Japan 225 (Daily Rolling Cash)4 points1%1 index pointOpen Monday 00.30 to Friday 21.15
UK 100 (Daily Rolling Cash)1 points0.5%1 index pointOpen Sunday 23.00 to Friday 21.00

Daily trading breaks between 21:15-21:30, 22:00 to 23:00 & 00.58 -01.00
UK 100 (Future)4 points0.75%1 index pointOpen Sunday 23.00 to Friday to 21.00

Daily trading breaks from 21:15-21:30, 22:00 to 23:00 & 00.58-01.00
US SPX 500 (Daily Rolling Cash)0.14 points0.5%1 index pointOpen Sunday 23:00 to Friday 21:15.

Daily trading breaks between 21:15 - 21:30 & 22:00 - 23:00
US SPX 500 (Future)0.3 points0.5%1 index pointOpen Sunday 23:00 to Friday 21:15.

Daily trading breaks between 21:15 - 21:30 & 22:00 - 23:00
US Tech 100 (Daily Rolling Cash)0.8 point0.5%1 index pointOpen Sunday 23:00 to Friday 21:15.

Daily trading breaks between 21:15 - 21.30 & 22:00 - 23:00
Wall Street (Daily Rolling Cash)1 points0.5%1 index pointOpen Sunday 23:00 to Friday 21:15.

Daily trading breaks between 21:15 - 21:30 & 22:00 -23:00
Wall Street (Future)6 points0.5%1 index point
Open Sunday 23:00 to Friday 21:15.

Daily trading breaks from 21:15 to 21:30 & 22:00 to 23:00
US 2000 (Daily Rolling Cash)0.2 points0.5%1 index pointOpen Sunday 23.00 to Friday 21.00

Daily trading breaks between 21:15-21:30 & 22:00 to 23:00
Spain 35 (Daily Rolling Cash)4 points2%1 index pointOpen Monday 08.00 to Friday 16.30
Euro Stoxx 50 (Daily Rolling Cash)1 point0.75%1 index pointMonday 07:00 to Friday 21:00
Euro Stoxx 50 (Future)4 points0.75%1 index pointMonday 07:00 to Friday 21:00
DifferentialsSpreads FromMargin FromTrade PerTrading Hours
Germany 30 / Euro Stoxx 503.8 points0.5%1 index pointOpen Monday 07.00 to Friday 21.00
Germany 30 / UK 1003.8 points0.5%1 index pointOpen Monday 07.00 to Friday 21.00
Germany 30 / France 403.8 points0.5%1 index pointOpen Monday 07.00 to Friday 21.00
Uk 100 / Euro Stoxx 503.8 points0.5%1 index pointOpen Monday 07.00 to Friday 21.00
Wall Street 30 / Germany 303.8 points0.5%1 index pointOpen Monday 07.00 to Friday 21.00
Wall Street 30 / UK 1003.8 points0.5%1 index pointOpen Monday 07.00 to Friday 21.00

Notes for indices trades

1. Minimum trade size for all the above markets is 50c on CloudTrade and 10c on MT4.
2. Maximum trade sizes vary depending upon market conditions, please call for further details.
3. Rolling trades do not have a fixed expiry date or time.
4. Positions are subject to dividend adjustments. All long positions receive a dividend adjustment of 100% of the gross dividend and all short positions pay adjustments of 100%. This applies to daily rolling cash markets.
5. Spread size may differ from above where the stake exceeds median market levels
6. Trades on quarterly Wall Street, US SPX 500, US Tech 100, settle against the special opening quotation published by the relevant exchange on the 3rd Friday of the contract month. This price may differ on the last day of dealing. No trades will be accepted on these markets after the last dealing day.
7. A rolling adjustment is applied to rolling cash positions held overnight.

Interest adjustments are calculated as follows:

S x P x I / 365 = D

Symbols

D = daily interest adjustment

S = stake size

P = underlying index price at time of calculation

I = applicable annual interest rate

The applicable interest rate will be +/-2.5% above/below the indicator cash rate for that index unless otherwise stipulated.

Example of long position using N = R5 P = 14900 (US 30) I = 3.0 (2.5 applicable int rate + 0.5 indicator cash rate)

5 x 14900 x 3        = R6.12 (debit)

365 x100

Funding in respect of long positions is debited from a client’s account and interest in respect of short positions is credited to a client’s account*

* during periods of low interest rates it is possible for short positions to result in a debit posting rather than a credit

Please note that Tiered Margining applies; this means that higher margins may be required for large positions.

Forex    
Market NameSpreads FromMargin FromTrade PerTrading Hours (GMT+1)
AUD/CAD1.4 pips0.75%0.0001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
AUD/CHF1.1 pips0.75%0.0001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
AUD/JPY1.2 pips0.75%0.01Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
AUD/NZD1.8 pips0.75%0.0001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
AUD/USD0.6 pips0.75%0.0001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
CAD/CHF1.3 pips0.75%0.0001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
CAD/JPY1.4 pips0.75%0.01Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
CHF/JPY1.6 pips0.75%0.01Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
EUR/AUD1.5 pips0.5%0.0001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
EUR/CAD1.9 pips0.5%0.0001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
EUR/CHF1.3 pips0.5%0.0001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
EUR/GBP0.6 pips0.5%0.0001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
EUR/JPY1 pip0.5%0.01Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
EUR/NZD2.8 pips0.5%0.0001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
EUR/USD0.6 pips0.5%0.0001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
EUR/ZAR15 pips2%0.001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
GBP/AUD1.9 pips0.5%0.0001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
GBP/CAD2.8 pips0.5%0.0001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
GBP/CHF1.8 pips0.5%0.0001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
GBP/JPY1.8 pips0.5%0.01Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
GBP/NZD2.4 pips0.5%0.0001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
GBP/USD0.8 pips0.5%0.0001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
GBP/ZAR20 pips2%0.001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
NZD/CAD2.9 pips0.5%0.0001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
NZD/CHF2.9 pips0.75%0.0001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
NZD/JPY1.3 pips0.75%0.01Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
NZD/USD1.3 pips0.5%0.0001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
USD/CAD0.9 pip0.5%0.0001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
USD/CHF1 pips0.5%0.0001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
USD/SGD1 pips0.8%0.0001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
USD/JPY0.7 pip0.5%0.01Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
USD/ZAR10 points4%0.001Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
USD/MXN45 pips1%0.01Open Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05

Notes for foreign exchange trades

1. Minimum trade size for all the above markets is R5 on CloudTrade and 10c on MT4.
2. Maximum trade sizes vary depending upon market conditions, please call for further details.
3. Rolling trades do not have a fixed expiry date or time.
4. Spread size may differ from above where the stake exceeds median market levels
5. A rolling adjustment is applied to long and short rolling spot positions held overnight.

Funding adjustments are calculated as follows, in this example using a R10 long €/$ as an example:

€/$ = 1.3450 € Int Rate = 1% $ Int Rate = 0.5% BSF applicable int rate 2.5%

R 10 x 13450 x 2 (€1% – $ 0.5% – 2.5% )

365 x 100

CryptocurrenciesSpreads FromMargin FromTrade PerTrading Hours
Bitcoin30 cent30%1 centOpen Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
Ether1 cent30%1 centOpen Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
Ripple0.24 cent30%1 centOpen Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
Tron1 cent30%1 centOpen Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
Cardano3 cent30%1 centOpen Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
Dash0.7 cent30%1 centOpen Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
EOS2 cent30%1 centOpen Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
Litecoin4 cent30%1 centOpen Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
Monero0.5 cent30%1 centOpen Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
NEO1 cent30%1 centOpen Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
Stellar0.5 cent30%1 centOpen Sunday 22.05 to Friday 22.00

Daily trading breaks between 22:00 - 22:05
Commodities    
Market NameSpreads FromMargin FromTrade PerTrading Hours (GMT+1)
Metals
Gold Spot0.4 points0.5%0.1Open Sunday 23.00 to Friday 22.00.

Daily trading breaks between 22.00 to 23.00
Silver Spot2 points0.5%1Open Sunday 23.00 to Friday 22.00.

Daily trading breaks between 22.00 to 23.00
Aluminium6 points5%1Open Monday 01.00 to Friday 18.00
Copper10 points6%1Open Monday 01.00 to Friday 18.00
Lead6 points8%1Open Monday 01.00 to Friday 18.00
Nickel30 points8%1Open Monday 01.00 to Friday 18.00
Zinc6 points5%1Open Monday 01.00 to Friday 18.00
Gold/Silver Rolling Spot Differential8 points0.5%1Open Sunday 23.00 to Friday 22.00.

Daily trading breaks between 22.00 to 23.00
Oil
US Crude Future3 points3%1Open Sunday 23.00 to Friday 21.45.

Daily trading breaks between 22.00 to 23.00
Brent Future3 points2%1Open Monday 01.00 to Friday 21.45.

Daily trading breaks between 22.00 - 01.00
Brent/US Crude Differential Future3 points50 x stake1Open Monday 01.00 to Friday 21.45.

Daily trading breaks between 22.00 - 01.00

Notes for Commodities trades

1. Minimum trade size for all the above markets is R5 on CloudTrade and 10c on MT4.
2. Maximum trade sizes vary depending upon market conditions, please call for further details.
3. Rolling trades do not have a fixed expiry date or time.
4. A rolling adjustment is applied to rolling cash positions held overnight.

Individual Equity Markets    
Market NameSpread FromMargin FromTrade PerTrading Hours
SA Shares
Equity Spreads1%7.5%cent move08.00 to 15.50
US Shares
Equity Spreads2 cents per side7.5%cent move14.30 to 21.00
UK Shares
Equity SpreadsUK100 0.1% (5 bps per side) UK250 0.2% (10 bps per side)5%pence move08.00 to 16.30
European Shares
Equity Spreads0.2% (0.1% or 10 bps per side)5%cent move08.00 to 16.30

Notes for individual Equity CFD’s

The forecast payment of dividends is not priced into our individual equity markets. Open bets will be adjusted for dividends.

Please note that Tiered Margining applies; this means that higher margins may be required for large positions.

All long positions receive a dividend adjustment of 90% of the gross dividend and all short positions pay adjustments of 100% Larger stakes may be quoted with a wider market spread to reflect underlying liquidity.

A funding adjustment is applied to positions held overnight.

Example overnight funding using long R10 of Admiral @ 1265 Int Rate = 0.5 %  BSF applicable charge = 2.5%

R50 x 1265 x 3 ( 0.5+ 2.5%)                              =R 5.20

365 x100