TRADING INSTRUMENTS
INDICES
INDICES TRADING
Industrial Key Indices from the Global Market
The benefits of Indices:
- Access to global economies
- Go long or short on any Index
- No additional fees apply
- Deep liquidity on 10+ Indices
- Suitable for both short and long-term strategies
Instrument Specifications
| Instrument | Avg. Spread pips |
Commission side/lot |
Margin Requirements fixed |
Contract Size per lot |
Minimum Tick Size | Long Swap Money |
Short Swap Money |
|---|---|---|---|---|---|---|---|
| ASXAUD | 37 | 0 | 1% | 1 | 0.01 | -1.6 | -0.16 |
| CACEUR | 16 | 0 | 1% | 1 | 0.01 | -0.88 | -0.09 |
| DAXEUR | 14 | 0 | 1% | 1 | 0.01 | -1.49 | -0.15 |
| DOWUSD | 34 | 0 | 1% | 1 | 0.01 | -8.95 | -0.89 |
| FTSGBP | 15 | 0 | 1% | 1 | 0.01 | -1 | -0.1 |
| HSIHKD | 1.4 | 0 | 1% | 1 | 1 | -4.96 | -0.5 |
| IBXEUR | 98 | 0 | 1% | 1 | 0.01 | -1.9 | -0.19 |
| JPXJPY | 1.4 | 0 | 1% | 1 | 1 | -2.89 | -3.03 |
| NASUSD | 16 | 0 | 1% | 1 | 0.01 | -3.9 | 0.45 |
| SPXUSD | 11 | 0 | 1% | 1 | 0.01 | -1.14 | -0.11 |
| ESXEUR | 25 | 0 | 1% | 1 | 0.01 | -3.24 | -0.32 |
| Instrument | Avg. Spread pips |
Commission side/lot |
Margin Requirements fixed |
Contract Size per lot |
Minimum Tick Size | Long Swap Money |
Short Swap Money |
|---|---|---|---|---|---|---|---|
| ASXAUD | 31 | 0 | 1% | 1 | 0.01 | -1.6 | -0.16 |
| CACEUR | 10 | 0 | 1% | 1 | 0.01 | -0.88 | -0.09 |
| DAXEUR | 8 | 0 | 1% | 1 | 0.01 | -1.49 | -0.15 |
| DOWUSD | 23 | 0 | 1% | 1 | 0.01 | -8.95 | -0.89 |
| FTSGBP | 9.6 | 0 | 1% | 1 | 0.01 | -1 | -0.1 |
| HSIHKD | 0.9 | 0 | 1% | 1 | 1 | -4.96 | -0.5 |
| IBXEUR | 85 | 0 | 1% | 1 | 0.01 | -1.9 | -0.19 |
| JPXJPY | 1 | 0 | 1% | 1 | 1 | -2.89 | -3.03 |
| NASUSD | 12 | 0 | 1% | 1 | 0.01 | -3.9 | 0.45 |
| SPXUSD | 7 | 0 | 1% | 1 | 0.01 | -1.14 | -0.11 |
| ESXEUR | 19 | 0 | 1% | 1 | 0.01 | -3.24 | -0.32 |
| Instrument | Avg. Spread pips |
Commission side/lot |
Margin Requirements fixed |
Contract Size per lot |
Minimum Tick Size | Long Swap Money |
Short Swap Money |
|---|---|---|---|---|---|---|---|
| ASXAUD | 35 | 0 | 1% | 1 | 0.01 | -1.6 | -0.16 |
| CACEUR | 13 | 0 | 1% | 1 | 0.01 | -0.88 | -0.09 |
| DAXEUR | 12 | 0 | 1% | 1 | 0.01 | -1.49 | -0.15 |
| DOWUSD | 32 | 0 | 1% | 1 | 0.01 | -8.95 | -0.89 |
| FTSGBP | 13 | 0 | 1% | 1 | 0.01 | -1 | -0.1 |
| HSIHKD | 1.2 | 0 | 1% | 1 | 1 | -4.96 | -0.5 |
| IBXEUR | 96 | 0 | 1% | 1 | 0.01 | -1.9 | -0.19 |
| JPXJPY | 1.2 | 0 | 1% | 1 | 1 | -2.89 | -3.03 |
| NASUSD | 14 | 0 | 1% | 1 | 0.01 | -3.9 | 0.45 |
| SPXUSD | 9 | 0 | 1% | 1 | 0.01 | -1.14 | -0.11 |
| ESXEUR | 23 | 0 | 1% | 1 | 0.01 | -3.24 | -0.32 |
| Instrument | Avg. Spread pips |
Commission side/lot |
Margin Requirements fixed |
Contract Size per lot |
Minimum Tick Size | Long Swap Money |
Short Swap Money |
|---|---|---|---|---|---|---|---|
| ASXAUD | 39 | 0 | 1% | 1 | 0.01 | -1.6 | -0.16 |
| CACEUR | 17 | 0 | 1% | 1 | 0.01 | -0.88 | -0.09 |
| DAXEUR | 15 | 0 | 1% | 1 | 0.01 | -1.49 | -0.15 |
| DOWUSD | 35 | 0 | 1% | 1 | 0.01 | -8.95 | -0.89 |
| FTSGBP | 16 | 0 | 1% | 1 | 0.01 | -1 | -0.1 |
| HSIHKD | 1.6 | 0 | 1% | 1 | 1 | -4.96 | -0.5 |
| IBXEUR | 92 | 0 | 1% | 1 | 0.01 | -1.9 | -0.19 |
| JPXJPY | 1.6 | 0 | 1% | 1 | 1 | -2.89 | -3.03 |
| NASUSD | 18 | 0 | 1% | 1 | 0.01 | -3.9 | 0.45 |
| SPXUSD | 12 | 0 | 1% | 1 | 0.01 | -1.14 | -0.11 |
| ESXEUR | 27 | 0 | 1% | 1 | 0.01 | -3.24 | -0.32 |
Trading Conditions
Indices Trading Sessions
(GMT+2 time zone, please note that DST apply in the summer) Open: Monday 01:05 | Close: Friday 23:50 Daily session break: 23:55 - 01:05 Exceptions: ASXAUD: Open: Monday 00:55 | Close: Friday 23:50 Daily session break: 23:55 - 00:55
Spreads
Spreads at Axon Markets are floating, view the real-time spreads from your trading platform. The average spreads indicated in the above table are calculated throughout the day to represent the average daily spread for each symbol. Despite our best efforts to offer reasonable spreads during all trading hours, clients should be aware that these are subject to change depending on underlying market conditions. The above is provided for indicative purposes only, spreads may widen as a result of important news announcements, political uncertainty, unexpected events that can lead to volatile market conditions, or at the open/close of the business day when there is less liquidity.
Margin requirements (fixed)
Margin requirements for all indices are fixed irrespective of your account's leverage. JPXJPY: 1:200, All other indices: 1:100 Please note that in extreme market conditions the company reserves the right to increase the margin requirements of its products.
Swaps
There is an overnight (rollover) amount deducted or added to your account for holding a trade position open overnight, commonly referred to as the 'Swap'. Swap also applies to non-FX instruments, due to the fact that all instruments are traded in a particular currency which incurs an interest rate. When the swap rate is negative, the amount is subtracted from the trading position. The amount is credited when the swap rate is positive. In the trading terminal, the swap is automatically converted into the account's deposit currency. Swap operations are conducted at midnight 00:00 Server time (GMT+2 time zone, please note DST may apply) and can take several minutes. On Fridays Swaps are charged for three days to cover the weekend.
Commissions
Axon Markets does not charge any trading commission for the Standard account.
Need Help?
More information is available in the FAQs below
Direct access to global equity markets
Range of Indices at a low cost
Indices have the benefit of allowing traders to take a wide view on a group of companies rather than concentrating on a single company. Stock indices can represent a specific stock market such as the NASDAQ which is heavily weighted with technology stocks, making it a bellwether for the tech sector, or they can represent a specific set of the largest companies of a country such as the S&P 500 which represents the top 500 companies in the U.S. economy by market cap.
