Indices are the most popular form of CFDs. BKS Fintech has a large range of Indices from around the world to choose from, including the Australian S&P 200 Index, UK FTSE 100 Index, US E-mini S&P 500 and US DJIA Index.

A stock index is a good indicative measure of market performance. Indices such as the FTSE 100 and DJIA Index are baskets of blue chip stocks listed on the exchange and are generally a good measure of the current market sentiment. A change in the performance of any constituent stock in an index is reflected in a change in the overall value of that index.
Indices have the advantage of allowing traders to take a wider view of a basket of stocks rather than taking a view on one individual stock alone. Online CFD and futures based indices are offered on both BKS Fintech MetaTrader 5 Platforms.
Indices
Facts
23 Indices to trade from
Leverage up to 1:200
Spreads as low as 0.5 pips
Deep Liquidity
Low commissions
MetaTrader 5

(Spot) Equity Indices Spreads

BKS Fintech offers competitive spreads across all of our cash Indices, including the E-mini S&P 500 Index from 0.4 points, the FTSE 100 Index from 1 point, Xetra DAX Index from 1 point and S&P 200 Index from 1 point.

Futures Indices

In addition to Equity Indices, BKS Fintech also offers Futures Indices: ICE Dollar Index and VIX Index.

Indices example

Buying: Australia 200 Index

The gross profit on your trade is calculated as follows:
Opening Price
4951
Closing Price
4970
Difference
19
Gross Profit on Trade
19.00 points x 2 contracts ($2 per point) = AUD $38.00
Opening the Position
The price of the Australia 200 Index is 4950.00/4951.00. You are of the view that blue-chip stocks are undervalued so you decide to buy 2 contracts at 4951.00. (One contract is equal to $1 per index point). No commission is charged on Indices.

For every point that the bid quote on the Australia 200 Index rises above 4951.00 you will make a profit of $2 AUD, for every point the bid quote falls below 4951.00 you will lose $2 AUD.

Closing the Position
Four days later, the Australia 200 Index has risen to 4970.00/4971.00 and you decide to take your profit. You close your position by selling 2 contracts at 4970.00.

How to determine if a client is entitled dividend from Index AUS200?

From the above example, let us assume that the ex-dividend date for Index AUS200 is on the of 18th August 2016. Therefore, a client must have an open position for Index AUS200 before the 18th of August 2016 and it must remain open until the 18th August 2016, in order to have the dividend adjustment of $2.44 per lot. To determine if the dividend adjustment is added or deducted to the client’s account, will depend on whether it is a SELL or BUY on AUS200. If the client has 1 lot of BUY for AUS200, the client will be entitled $2.44 per lot. However, if it is a SELL of AUS200, the client will be deducted $2.44 per lot. The amount $2.44 per lot will be converted to the client’s base currency, before it is being deducted.
Since this is from index AUS200, the dividend adjustment will be AUD$2.44 per lot. Alternatively, if the index is US500, the dividend adjustment would be USD$2.44 per lot. BKS Fintech EX- Dividends Excel sheet shows the expected Indices that will have their index points adjusted for the given week and the actual ex-dividend adjustment amount for each indices will be updated regularly on our blog, Ex- Dividends Adjustments.

Spreads

Indices

* MIN - minimum, AVG - average

Product All Accounts
SYMBOL DESCRIPTION MINAVG
AUS200 Australia S&P ASX 200 Index 0.000 1.220
DE40 Germany 40 Index 0.500 1.338
F40 France 40 Index0.0000.749
JP225 Japan 225 Index6.0008.858
STOXX50EU Stocks 50 Index0.2001.760
UK100UK 100 Index1.0002.133
US30 US Wall Street 30 Index 1.000 1.411
US500 US SPX 500 Index 0.2000.492
USTEC US Tech 100 Index1.000 1.807
CA60 Canada 60 Index 0.600 0.600
CHINA50 FTSE China A50 Index 3.290 6.953
CHINAH Hong Kong China H-shares Index 0.000 2.083
ES35 Spain 35 Index 4.200 4.426
HK50 Hong Kong 50 Index 7.000 8.169
IT40 Italy 40 Index 9.000 9.000
MidDE50 Germany Mid 50 Index 7.500 27.864
NETH25 Netherlands 25 Index 0.190 0.190
NOR25 Norway 25 Index 0.680 0.680
SA40 South Africa 40 Index 7.500 15.444
SE30 Sweden 30 0.380 0.380
SWI20 Switzerland 20 Index 3.000 3.500
TecDE30 Germany Tech 30 Index 2.300 3.172
US2000 US Small Cap 2000 Index 0.140 0.480

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