Admiral Markets UK said on Monday it has started offering trading in lot fractions on major contracts for difference (CFDs) on indices. Investors can now trade as little as 0.1 lots on the CFDs on some of the major cash indices it offers, including DAX30, DJI30, SP500 and NQ100.Trading in mini lots is not available for instruments with the lowest value of the full lot, such as JP225, HSI50, and OBX25.
Following is a list of all 17 cash indices the broker has in its offering:
Mini lots are one-tenth the size of a standard lot of 100,000 units (hence 0.1 lots). They require lower trading capital and enable traders to have greater control over how much they trade and their potential loss. The use of mini lots is a good choice for traders with less experience who want more flexibility in their trading strategies.
Earlier this year, Admiral Markets UK expanded several times its CFDs offering, including with new cash index instruments, and improved its trading conditions. In July, the broker also doubled the maximum order size for cash index CFDs to 100 lots.
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.