Indices
Indices – Contract for Differences (CFD) Contract Specifications
Lot Size
ITEM | U30USD (US DJ30) | SPXUSD (US SP500) | NASUSD (US Tech 100) | D30EUR (German 30) | 225JPY (Japan 225) | H33HKD (Hong Kong 33) | 100GBP (UK 100) | 200AUD (Australia 200) |
Contract Size The units of CFDs contracts that made up a standard Lot on Fame Markets. | 1 | 10 | 1 | 1 | 10 | 10 | 1 | 1 |
Minimum Lot The minimum lot size tradable on Fame Markets. | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Incremental Steps The minimum incremental lot size tradable on Fame Markets. | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Maximum Lot The maximum lot size tradable on Vision Markets.eg. 250 lots of 225/JPY is made up of 2,500 units of 225/JPY contracts. | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 |
Denominating Currencies | USD | USD | USD | EUR | JPY | HKD | GBP | AUD |
Margin Requirement | 1% | 1% | 1% | 1% | 1% | 1% | 1% | 1% |
Timing
ITEM | ITEM | ITEM | ITEM | ITEM | ITEM | ITEM | ITEM | ITEM | ITEM |
Trading Hours | Opening: | Monday 0100 | Monday 0100 | Monday 0100 | Monday 0100 | Monday 0100 | Monday 0100 | Monday 0100 | Monday 0100 |
Friday 2300 | Friday 2300 | Friday 2300 | Friday 2300 | Friday 2300 | Friday 2300 | Friday 2300 | Friday 2300 | Friday 2300 | |
Break: | 2315 to 2330 & 2400 to 0100 | 2315 to 2330 & 2400 to 0100 | 2315 to 2330 & 2400 to 0100 | 2300 to 0100 | 2315 to 0100 | 2300 to 0100 | 2300 to 0100 | 2300 to 0050 | |
Server Time | GMT +3 | ||||||||
Daylight Saving | Eastern Daylight Saving Time (EDT)  | ||||||||
Charts | Fame Markets follows New York market close (5 Daily candles a Week). | ||||||||
Calculation
Margin Percentage
Margin Percentage of CFDs is different for each of CFDs contract, please refer to the percentage under “Lots Size” tab.
Margin Used
Margin = (Lot Size * Contract Size * Margin Percentage * Market Price)
Margin Used (When Hedged)
Total Margin used will be 0% of each trade.
Margin Call
Margin Call: (Equity)/(Margin Used) < (“Margin Call Percentage”)
Margin call happens when the total Equity funds is less than the “Margin Call Percentage” of the total margin used. To prevent the account from being stopped out, traders are advised to top up their account or to close out some positions to reduce margin used, and to avoid possibility of being stopped out.
The “Margin Call Percentage” varies on the account type and agreement with Vision Markets. Please speak to our customer service officer or BDs for more details.
Stop Out
Stop Out: (Equity)/(Margin Used) < (“Stop Out Percentage”)
Stop Out happens when the total Equity is less than the “Stop Out Percentage” of the total margin used. When Stop Out level is reached, existing positions may be automatically closed out by Metatrader4 server.
The “Stop Out Percentage” varies on the account type and agreement with Vision Markets. Please speak to our customer service officer or BDs for more details.
Swap
Swap = (lots * [CFDs Swap in Symbol Currency Value])
Fame Markets Swap rates are competitive Bank Swap rates offered by our extensive liquidity partners. The CFDs swaps on Fame Markets Markets Metatrader4 are inclusive of Carry Cost and Dividend and are based on the denominating currencies of the CFDs.
CFDs Swap = (Carry Cost + Dividend)
ITEM | DESCRIPTION |
Carry Cost | Carry Cost is the financing cost charged for holding a CFD position open on the market overnight. CFD is a geared product, the usage of leveraging means that a portion of the trade will be financed through borrowing from the banks to open a CFD contract. Carry Cost differs and depends on the relevant overnight interbank interest rates. |
Dividend | An index is a portfolio of securities, representing a particular market’s performance. Dividend is the amount of earnings a listed public company pays to its shareholders for investing in the company. The index CFDs on Vision Markets are subjected to dividend payout, however the dividend payout varies depending on stock markets’ performance. |
3 Times Swap: Friday
CFDs contracts on Fame Markets are spot contracts and deliverable on T+1 (Trading day +1). To accommodate for Saturday and Sunday, the bank charges 3 times of Carry Cost on Friday. On Friday the CFDs Swap on Vision Markets are inclusive of the 3 times Carry Cost.
Effective Friday CFDs Swap = (Carry Cost*3 + Dividend)
On Fame Markets Metatrader 4 platform, CFDs Swap are charged 3 times on Friday. To accommodate for this calculation, the “Effective Friday CFDs Swap” are divided by three. Client holding CFDs on Friday will be charged 3 times of “Friday CFDs Swap”
Friday CFDs Swap = [Effective Friday CFDs Swap]/3
Execution
Market Execution
Fame Markets offers the best liquidity with lowest latency connection to our extensive Tier One liquidity partners. All trades at Fame Markets are executed directly with the market without requotes.
STP
Fame Markets employs “Straight Through Processing” (STP), passing on customers’ trades directly to our Tier One liquidity providers.
Slippage
Fame Markets aims to provide clients with the best trading execution available, and to fill all orders at requested rate. However, there are times when, due to an increase in volume and/or volatility, orders may be subject to slippage. Slippage most commonly occurs during fundamental news events or periods of limited liquidity. During periods such as these, your order type and quantity requested can have an impact on the overall execution you receive.
Expiration
The CFDs on Fame Markets are over-the-counter (OTC) products and has no expiration date.
Leverage : Up to 1 : 500
Spread : Starting as low as 0.3 pips
Min Trade Size : 0.01 lot
24-hour Support : Yes
Leverage : Up to 1 : 500
Spread : Starting as low as 0.3 pips
Min Trade Size : 0.01 lot
24-hour Support : Yes