The GER30’s underlying instrument is the DAX index future. The DAX is a blue chip stock market index consisting of the 40 major German companies trading on the Frankfurt Stock Exchange: Examples are BASF, SAP, Bayer, Allianz etc. Please note that prior to September 20, 2021 the DAX had 30 constituents and due to technical limitations the symbol`s name currently remains GER30.
Can be viewed in the dealing rates and create order windows on the trading station, or by using the CFD Product Guide
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.
The GER30 has a target spread of 1.3 pip/point.
Effective February 11th 2019 the GER30 has extended trading hours (00:30 – 7:00 GMT).Please note that during extended hours, spreads may widen and liquidity may be thinner. Please take the time to consider this information carefully before deciding to trade during extended hours.
Max Contract Size
The maximum number of contracts per click (trade) for the GER30 is 1,000.
Minimum Pip Cost (Value)
The GER30 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 GER30 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
250 Friedberg Direct GER30 Contracts are currently equivalent to one DAX Index Future.
The GER30 does have financing cost (Rollover). For further information regarding financing costs, click here. For dividends, the GER30 is a total return index so dividends are reinvested into the index.
With Friedberg Direct’s new Enhanced Execution, there is no minimum stop distance for the GER30.