Admiral Markets UK updates CFDs offering with new instruments, trading conditions

Admiral Markets UK updates CFDs offering with new instruments, trading conditions

The UK arm of forex brokerage Admiral Markets Group said on Tuesday it is enhancing its contracts for difference (CFDs) offering with new cash index instruments and improved trading conditions.  The changes will come into effect from 18 July, 2016.

The broker will add CFDs on a number of German, Dutch, Norwegian and Belgian indices. The new offering will be available only to clients with Admiral.Markets trading accounts on the AM-Live2 trade server, which means that holders of former Admiral.Pro accounts (which were replaced by Admiral.Markets accounts in late 2014) will not have access to the new instruments. In addition to Admiral.Markets, the broker offers two more account types – Admiral.Prime and Admiral.MT5.

The broker has also decided to double the maximum contract size for all cash index instruments at the request of customers with larger deposits. Soon such instruments will be traded with an order size of a maximum 100 lots.

Admiral Markets will cut spreads on crude oil and in-hours spreads on a number of cash indices. In addition, it will change the trading hours and swaps. Following are details about the trading conditions the broker will soon offer:

Instrument

New spread, pips

Spread improved, %

New trading hours (EET)

New swaps, interest rate

Short

Long

BRENT0.03-5001:00 Mon – 23:00 Fri, recess 00:00 – 01:00-0.1-1.4
WTI0.03-5001:00 Mon – 23:00 Fri, recess 00:00 – 01:00-0.1-1.4
[DAX30]Not applicableNot applicableNot applicable-2.9-2.2
[DJI30]Not applicableNot applicableNot applicable-2.1-2.2
[ASX200]1.0-4002:50 Mon – 23:00 Fri, recess 09:30 – 10:10, 00:00 – 2:50-0.7-4.4
[CAC40]1.0-10Not applicable-2.9-2.2
[FTSE100]1.0-1003:00 Mon – 23:00 Fri, recess 23:15 – 23:30, 00:00 – 03:00-2.0-3.0
[NQ100]1.0-1001:00 Mon – 23:00 Fri, recess 23:15 – 23:30, 00:00 – 01:00-2.1-3.0
[SMI20]4.0-2009:00 – 23:00 Mon – Fri-3.4-1.7
[STOXX50]1.6-25Not applicable-2.9-2.2

Admiral Markets UK is based and regulated in the UK and has a sister company in Australia, Admiral Markets Pty. Both brokers are units of Estonia-based Admiral Markets AS, part of the holding company Admiral Markets Group, which also includes Cyprus-regulated Admiralex.

The broker offers trading in a wide range of instruments, including forex, commodities, indices, shares, bonds.

Source: Admiral Markets


Leave a Reply

Your email address will not be published. Required fields are marked *