The INDIA50`s underlying stock instrument is the SGX NIFTY 50 Future.
The NIFTY 50 is a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange (NSE) of India. The SGX Nifty50 offers global investors a cost efficient way to gain broad exposure to the performance of the India equity market.
Margin Requirement's may differ depending on account type and 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. 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 INDIA50 has a target spread of 0.6 pips/points.
Max Contract Size
The maximum number of contracts per click (trade) for the INDIA50 is 2,000.
Minimum Pip Cost (Value)
The INDIA50 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 INDIA50 is 1 pip/point. FXCM’s pricing displays an additional decimal place - ideal for scalpers in a fast-moving market.
Number of FXCM Contracts to Equal 1 Future
20 FXCM INDIA50 Contracts are currently equivalent to one SGX NIFTY 50 Future.
The INDIA50 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.
Please note that the FXCM INDIA50 is not available on the MT4 accounts.
With FXCM’s new Enhanced Execution, there is no minimum stop distance.