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ESP35

The ESP35’s underlying instrument is the IBEX35 index future. The IBEX35 is the benchmark stock market index of the Bolsa de Madrid, Spain’s principal stock exchange. This index includes 35 companies from a broad range of industries: i.e. Banco Popular, Acciona, Bankia, Bankinter, Santander, Repsol, Gas Natural, Telefonica, etc.

Margin Requirements

Can be viewed in the dealing rates and create order windows on the trading station, or by using the CFD Product Guide .

Trading Hours

Please click here for trading hours.

Please note, however, that hours are subject to change based on Daylight Savings Time. Also, Friedberg Direct’s Index Products do not expire, but Friedberg Direct indices will not be open for trading during holidays in which the reference markets are closed.

Target Spread

The ESP35 has a target spread of 8 pips/points.

Max Contract Size

The maximum number of contracts per click (trade) for the ESP35 is 5,000.

Minimum Pip Cost (Value)

The ESP35 has a minimum value of €0.10 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 ESP35 is 1 pip/point. Friedberg Direct’s pricing displays additional decimal places - ideal for scalpers in a fast-moving market.

Number of Friedberg Direct Contracts to Equal 1 Future

100 Friedberg Direct ESP35 Contracts are currently equivalent to one IBEX 35 Future.

Other InformationThe ESP35 does have financing cost (Rollover). For further information regarding financing costs, click here. Applicable to most cash indices, dividend payments will be applied as debit/credit within the rollover amount for your open positions. Adjustments will apply on the eve of the ex-dividend date of the constituent members of the relevant Index. The adjustment will appear as part of the rollover debit/credit on your statement.

The ESP35 does currently have a minimum stop distance of 12 pips/points.

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Order Execution Only

Order Execution Only

Regulatory Documents:
IIROC Brochure: How Can I Get My Money Back, How IIROC Protects Investors, IIROC Complaints Brochure, CIPF Brochure, CIPF Coverage Policy, IIROC Order Execution Only Bulletin, Conflict Disclosure Statement, Covid-19 and Cyber Security - Tips for Investors, Relationship Disclosure Information Document, Before You Begin Trading

The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC). Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca.