For a complete overview of the indices available and what time zone they are active in, check out the product schedule. "Std" and "Pro" columns refer to the spread between Bid and Ask prices.
Cash CFD | Future CFD | |
Underlying Market | Spot (FMV) | Futures |
Financing (Swap) | ✓ | x |
Dividend Adjustment | ✓ | x |
Rollover | x | ✓ |
Contract Size | $ per point | Standard |
Indicative Spreads | Tighter | Standard |
Trading Hours | Longer | Standard |
While different products are suitable for different types of traders, depending on their knowledge and goals, it is always important that you understand how each product works, for example rollovers, daily financing/swap charges and different holding costs for each product, which may be attractive for various index trading strategies.
For detailed information, please refer to our product schedule.
We work with a number of liquidity providers, all of which are major financial institutions.
No. Generally speaking, cash CFDs have longer trading hours and smaller contract sizes compared to future CFDs. For further details, refer to our product schedule.
No, your positions will not be closed when the contract expires. It will remain open, the position will be rolled over and a cash adjustment will be applied to your account.
All Axi index contracts are based on a relevant futures exchange price, and each futures contract has an expiry date. If your trade remains open on the date the contract expires, the trade will be rolled over and an adjustment will be made to reflect the difference in contract pricing.
For reference, the spot price is the current market price at which an asset is bought or sold for immediate payment and delivery. With futures, the price reflects the expected value at which an asset can be bought or sold for delivery in the future.
The initial margin rate required varies for each index. The tick sizes will vary too, as outlined in the product schedule.
For reference, tick value on indices is the minimum price fluctuation established by an exchange. Tick sizes are mentioned in the "contract specifications" set by futures exchanges and are calibrated to ensure liquid, efficient markets through a tick bid-ask spread.
Buying on margin is when investors borrow money from a broker to buy stocks or indexes. Margin trading would require a trader to open a dedicated margin account.
Leverage is a loan provided to traders that makes it possible for them to buy and sell trading instruments. Axi offers 20:1 leverage for standard trading accounts.