Retail Stock Trading Conditions
|Alibaba||Alibaba Group Holding Ltd – ADR||BABA.N||USD|
|AstraZeneca||AstraZeneca PLC ADR||AZN.N||USD|
|Berkshire||Berkshire Hathaway Inc. Class B||BRKb.N||USD|
|B.O.America||Bank of America Corp||BAC.N||USD|
|Disney||Walt Disney Co||DIS.N||USD|
|Exxon||Exxon Mobil Corporation||XOM.N||USD|
|Facebook, Inc. Common Stock||FB.OQ||USD|
|Ford||Ford Motor Company||F.N||USD|
|G.E.||General Electric Company||GE.N||USD|
|Alphabet Inc Class A||GOOGKL.OQ||USD|
|Uber||Uber Technologies Inc||UBER.N||USD|
|Zoom||Zoom Video Communications Inc||ZM.OQ||USD|
|CFD Stocks (All)|
|Pip Cost (Native CCY)||$0.01|
|Min. Trade Size||1|
|Maximum Lots per Trade||100|
|Minimum Stop Distance (Points)||1|
|Trading Hours (Server Time)||Monday 16:31 – Friday 22:59|
|Break Time (London Time)||None|
Initial Minimum Funding Level
|Commissions||Included in the spread|
|Stop out Level||40%|
|Account Denomination||USD, EUR, GBP, CHF, CAD, AUD, PLN & AED|
Please note that the ‘Close By’ trading function will be unavailable for our CFD Stocks.
What is a Corporate Action?
A corporate action is an event initiated by a company that has a direct impact on its shareholders. Dividends & other forms of capital return, stock splits, share consolidations, mergers & acquisitions, and equity raises are all examples of corporate actions.
When a corporate action occurs, a price and/or cash and/or trade adjustment may be applied to your trading account in order to fully reflect the impact of this event.
Margin requirements may be subject to change ahead of any corporate action, including any which may or may not be announced in earnings/results statements or company trading/AGM updates.
Example: CFD Stock Split
Amazon announces a 5 for 1 stock split.
The number of shares and the trading prices would be adjusted by the announced ratio.
Pre stock split open position:
5 share of Amazon sold at 100 USD per share
5 shares of Amazon sold at 200 USD per share
The total value of the position = (5 shares x 100)+(5 shares x200) = 1,500 USD
The original positions would be closed at the respective opening prices.
As the split is a 5 for 1 ratio, we would multiply the current total number of shares by a factor of 5 to give new total shares:
New total shares = 10 total shares x 5 = 50.
The total value of the position (1,500 USD) is divided by the number of new total shares (50) to give a new opening price:
New opening price = 1,500 ÷ 50 = 30 USD per share
Post stock split open position:
50 shares of Amazon sold at 30 USD per share
The total value of the position remains the same at 1,500 USD
Example: Dividend adjustment on an index CFD
Dividend adjustment × Contract size × Volume (lots)
0.0183 × 1 contract × 1 lots = 0.0183 (posted amount in MT4 0.02 USD)
No corporate actions expected for this week.