The JPN225’s underlying instrument is the Nikkei 225 USD future. This Nikkei 225 is the benchmark stock market index for the Tokyo Stock Exchange (TSE).
Margin Requirements can be viewed in the dealing rates and create order windows on the trading station or by clicking here.
Please click here for trading hours. Please note, however, that hours are subject to change based on Daylight Savings Time. Also, FXCM’s Index Products do not expire, but FXCM indices will not be open for trading during holidays in which the reference markets are closed.
The JPN225 has a target spread of 10 pips/points.
The minimum number of contracts per click (trade) for JPN225 is 1 and the maximum number of contracts per click (trade) for the JPN225 is 5,000.
Minimum Pip Cost (Value)
The JPN225 has a minimum value of ¥ 1 per point (Your per point value may be different if your account is denominated in a different currency. Please refer to the Simple Dealing Rates Window in Trading Station for this value).
The pip/point location is shown below. Each 1.0 price movement on the JPN225 is 1 pip/point. FXCM’s pricing displays additional decimal places - ideal for scalpers in a fast-moving market.
Number of FXCM Contracts to Equal 1 Future
550 FXCM JPN225 contracts are approximately equivalent to one Nikkei 225 USD Future.
The JPN225 does have financing cost (Rollover). For further information regarding financing costs, click here. Applicable to most cash indices, dividend adjustments will apply on the eve of the ex-dividend date of the constituent members of the relevant Index. The adjustment will appear on your statement. For further information regarding dividends click here.
With FXCM’s new Enhanced Execution, there is no minimum stop distance.
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