CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.6% of retail investor accounts lose money when trading CFDs with INFINOX. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Trading

Conditions

Product Specifications

Below you can find all the product information for the instruments we offer. These are also available in the trading platform by ‘right-clicking’ on the instrument and then clicking on ‘specification’.

Symbol Spread Contract Size Pip Value Contract Currency Market Hours
FX XX XX XX XX XX 0.2
Indices Symbol Spread Spread Spread Pip Value 0.2
Commodities Symbol Spread Spread Spread Pip Value 0.2
Equities (CFD) Symbol Spread Spread Spread Pip Value 0.2
Futures CFD Symbol Spread Spread Spread Pip Value 0.2

Leverage

Leverage is the concept of being able to place trades using a small amount of the value of the trade as a deposit, known as the margin. This can be an extremely useful tool for clients to take advantage of movements in the market whilst only using small amounts of capital. However there is also an increased risk, as losses can be magnified when trading using leverage.

It is strongly recommended that clients use effective risk mitigation tools (such as stop loss orders) and money management when trading with leverage to mitigate the risks of trading.

100:1 Leverage 500:1 Leverage
Notional Value (1 lot) $100,000 $100,000
Margin Required $1,000 $200

To change your leverage log into your client area or contact our premium support team.

SWAP (points) Long +2.5 Short -1.2
1 Lot (FX) $2.50 $1.20
Instrument Daily Overnight Triple Charge
FX SWAPS Wednesday
Indices Finance Fee Friday
Commodities Finance Fee None
Equity (CFD) Finance Fee None
Futures (CFD) None None

SWAPS

SWAP charges are the overnight finance charges that apply when you hold a position over night. It is the cost of borrowing between the value of one currency against the other in a Forex Pair or the outright finance charge of leverage on instruments. You may pay or receive overnight fees.

Overnight fees are available to view in the ‘Product Specifications’ of each instrument in the trading platform. They are quoted in points and applied to your trade overnight, just like a spread charge.

Dividends & Corporate Actions

Equity based instruments are subject to a number of Corporate Actions and Dividend Adjustments.

Dividends - when a dividend is paid out, an Index price is re-valued to adjust for the dividend payment. This price adjustment means that a client should neither benefit nor be penalised, so the difference ie the ‘dividend’ is adjusted to the P&L of the trade.

Index Price Dividend New Price Long DJ30 Short DJ30
DJ 30 27900 50 27850 SWAP + 50 SWAP - 50

When trading Equities (CFD) other Corporate Actions can take place, including but not limited to:

Stock Split

Shareholders are issued new shares according to the ratio of their holding

Bonus Issue

The unlikely event that a company may issue free shares to shareholders

Rights Issue

The option for existing shareholders to excercise an option to buy new shares on issue

Buy Back

When a company decides to buy back its own shares from shareholders

Rollovers

All future contracts have an expiry date, at which point the contract expires and delivery takes place of the asset. INFINOX offers CFD Futures, which means our contracts don’t expire, but roll forward to the next period to allow clients to keep trading and holding positions.

When a CFD Future contract is rolled, it is adjusted from the current month expiry date to the next month's expiry date. The change in the two prices is adjusted to client accounts to ensure that clients are not disadvantaged from the rollover.

Symbol Product Roll Date
VIX Volatility Index 12/11/2020
GOLDft Gold 26/11/2020
SILVERft Silver 26/11/2020

All Futures contracts rollover dates and amounts can be viewed on the website of the underlying exchange.

Symbol US Thanksgiving The Day after Thanksgiving
SPX500 Early Close @ 20:00 Early Close @ 20:15
NAS100 Early Close @ 20:00 Early Close @ 20:15
US2000 Early Close @ 20:00 Early Close @ 20:15

Market Notifications

Financial Market hours are often adjusted around Public Holidays and world events. With Financial instruments being traded all over the world, it is common for market hours to be adjusted regularly.

The table illustrates upcoming market notifications that set out any changes to the ‘normal market’ hours.

Clients should always be aware that changes in market hours can often have an impact on the liquidity of the market, which can cause large price movements and gaps in pricing. Clients should always maintain sufficient margin and pay particular attention to highly volatile market conditions.

Margin Stop & Margin Call

Trading with leverage means that you use small amounts of capital to place larger trades. This capital is known as Margin. If the market moves against you, it is important that you maintain sufficient margin in your account to keep the positions open.

If the equity on your account falls to 80% of the margin required, you will enter a ‘margin call’, which is a period where you should add more funds to increase your equity or reduce your margin requirement. If the equity on your account falls to 50% of the margin required, your largest positions and subsequent positions may be closed out.

Margin Call Margin Stop
Equity % of Margin Required 80% 50%
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