Inside the benchmark.

• 01

  Priced off the futures curve

  Out of cash hours your quote tracks the front futures contract — the basis, not a mystery margin. Spreads from 0.4 points on the majors.

• 02

  Five hundred stories in one line

  An SPX500 position is 503 companies in one trade — and on this page you can see the weights that decide which of them actually move it.

• 03

  Six and a half cash hours, 23 quoted

  Exchanges set the deep window; futures bridge the rest. The relay below shows exactly where each book opens, lunches and closes — in UTC.

• 04

  Costs itemised, not implied

  Financing is benchmark plus markup, dividends pass through as adjustments, and both are printed on this page with their as-of dates.

• Tokyo · TSEJPN225
• Hong Kong · HKEXHK50
• Shanghai · SSECHINA50
• Sydney · ASXAUS200
• Xetra · LSE · Euronext ParisGER40EU50UK100FRA40
• NYSE · NasdaqSPX500NAS100US30RUSS2000

• Cash open = deepest book
• Out-of-hours pricing tracks futures — see the Method page
• Handover gaps are where overnight moves land

UTC windows on the summer (DST) basis · holiday calendars ignored at this layer

Rulebook levels, not predictions · applied to today's reference level (19:00 UTC) · rules verified 2026-06-01

FAQ·6 questions

• How much leverage do indices get?＋

  Retail leverage on major indices is capped by your jurisdiction (commonly 1:20 on majors). Your available leverage is shown in the platform before you trade — it amplifies both gains and losses.

• When can I trade indices?＋

  Most major indices quote nearly 23 hours on weekdays, following their underlying futures. Liquidity is deepest during the home exchange's cash session — US indices during New York hours, the DAX during Frankfurt hours.

• What does holding overnight cost?＋

  Index CFDs don't carry a per-day swap quote. Overnight financing is the benchmark rate for the index's currency — SOFR for US indices, €STR for the euro area, SONIA for the UK, TONA for Japan — plus our 2.5% annual markup. Long positions pay benchmark plus markup; short positions receive benchmark minus markup, which can be negative when rates are low. The ticket ledger on this page lists reference rates for all 12 indices, as of June 1, 2026.

• What does one contract represent?＋

  Index CFDs are priced in points, and each point is worth the contract size in the index's quote currency. On SPX500 at $1 per point, a 250-point move is $250 per contract — scale by your contract count. Every row in the table above lists its contract size.

• Why did the index gap down overnight with no news?＋

  Most likely an ex-dividend date: when member companies go ex-dividend, the cash index opens lower by the dividend amount. On CFDs the adjustment passes through your account — credited if you're long, debited if you're short — so the gap itself is not profit or loss. The DAX is the exception: as a total-return index, dividends are already in its price.

• Why do index CFDs trade 23 hours when the exchange is only open six and a half?＋

  The cash exchange sets official prices for part of the day; index futures trade nearly around the clock. Outside cash hours your CFD quote follows the front futures contract, with a one-hour daily maintenance break. Depth is thinner out of cash hours — the relay above shows where each book is open.

• Spread0.0–0.5 pts

  The bid/ask difference around the underlying futures — your main cost, tightest during the home cash session.

• Overnight financingBenchmark ± markup

  Overnight financing is benchmark ± markup, not a per-day swap quote. The ticket ledger on this page prints the current reference rate, long and short, for every index — with its as-of date.

• CommissionSpread-only

  No separate commission on standard accounts — the spread is the cost. Raw-spread accounts price commission per side, entity-specific.

Indicative figures from the reference pricing model, not a quote. Final costs depend on account type and market conditions.