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 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. 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 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. FXCM’s pricing displays additional decimal places - ideal for scalpers in a fast-moving market.
Number of FXCM Contracts to Equal 1 Future
100 FXCM ESP35 Contracts are currently equivalent to one IBEX 35 Future.
The ESP35 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.
ESP35 has no minimum stop distance.