@

AU Shares

The underlying stocks for AU shares are traded on the ASX. They can be identified by a .au at the end of the ticker symbol.

Trading Hours (GMT)

Please click here for trading hours

Please note, however, that hours are subject to change based on Daylight Savings Time. Any holiday hours will be posted on here.

Spread

AU shares have variable spread that will widen and narrow subject to market conditions.

Max Contract Size

The Maximum number of contracts per click (trade) for AU Shares is 10,000.

Number of FXCM Contracts to one Share

10 FXCM AU shares contracts are currently equivalent to 1 share.

Minimum Pip Cost (Value)

AU shares have a minimum value of 0.001 AUD per pip per contract (your per pip value would 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 location is shown below. Each 0.01 price movement on AU share is 1 pip.

Margin Requirements

AU Shares Margin Requirement are updated daily during the market close.

AU shares are leveraged at 5:1 and the new margin requirement will be the equivalent of 1/5th of the notional value of 1 contract at 5pm EST.

For E.G if a stock’s rate is 200.00 during the market break, the Margin Requirement for one contract will be updated to $4 AUD.

Please check the margin info page for details on target margin %’s per instrument.

Overnight Funding/Dividends/Withholdings

AU shares have financing cost (Rollover).

https://help.fxcm.com/eu/Product-Guide/Single-Share-CFDs/Single-Share-CFDs-FAQs/2155517363/What-is-the-Single-Share-CFD-financing-cost.htm

Dividend adjustments will apply on the eve of the ex-dividend date of the underlying stock. The adjustment will appear on your statement.

Other Information

FXCM offer Micro Contracts for SSCFD, where the pip cost of your position may be either less than 0.01 CCY or not a multiple of 0.01 CCY.

Please note that all Profit or Loss calculations are calculated and credited/debited to two decimals, and therefore rounding up or down may be required.

Trade Restrictions
Due to market conditions, certain share CFDs may have trading restrictions that are subject to change with no notice. Click here for more information. 

Corporate Actions 
In the event of any corporate actions such as, but not limited to, stock splits, reverse stock splits, mergers, and spin-offs; FXCM shall determine in accordance with market practice the appropriate adjustment, if any, to be made to the current contract value or contract quantity of any open positions in order to preserve the economic equivalent of your position or to reflect the effect of the event on the relevant underlying share. 

FXCM aims to open and close markets as close to the posted trading hours as possible, however in the event of certain corporate actions, FXCM may place trade restrictions, delay market open or bring forward market close. Depending on the type of corporate action, all open positions may potentially be liquidated and/or pending entry orders, stops and limits associated with the instrument may be cancelled. In this case clients would need to re-establish another position if desired and/or insert new stops and limits.

For more information on upcoming corporate actions and treatments visit our FAQ’s at: 

https://help.fxcm.com/eu/Product-Guide/Single-Share-CFDs/Single-Share-CFDs-Corporate-Actions/