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Announcements
  • FXCM Launches WhatsApp Support

    FXCM now offers WhatsApp support to our clients! Simply add our WhatsApp number to your contacts (+44 7537 432259) or click here and reach out to us from Sunday at 5pm EST to Friday at 5pm EST.

UK Shares

The underlying Stocks for UK Shares are traded on the London Stock Exchange. They can be identified by a .UK at the end of the ticker symbol.

Please note that similarly to the pricing of the underlying stocks, all UK shares are quoted in Pence not Pounds.

Trading Hours

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

UK Shares have variable spreads that will widen and narrow subject to market conditions.

Max Contract Size

The maximum number of contracts per click (trade) for UK Shares is 100,000

Number of FXCM Contracts to one Share.

10 FXCM UK shares contracts are currently equivalent to 1 Share.

Minimum Pip Cost (Value)

UK Shares have a minimum value of 0.001 GBP per pip (Your per pip 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 location is shown below. Each 1.00 price movement on UK Shares is 1 pip.

Margin Requirements

UK Shares Margin Requirements are updated daily during market close.

UK 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 a stocks rate is 200.00 during the market break (Note that UK Shares are quoted in Pence, not Pounds), the Margin Requirement for one contract will be updated to $0.04 GBP

Please check the margin info page for details on target margin %’s per instrument. https://docs.fxcorporate.com/user-guide/FXCMSSCFD-Margin.pdf

Overnight Funding/Dividends/Withholdings

UK Shares have financing cost (Rollover).

https://help.fxcm.com/uk/Product-Guide/Overview/CFD-Trading/2139952943/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. Long Positions will be Credited and Short Positions will be debited.

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/uk/Product-Guide/Single-Share-CFDs/Single-Share-CFDs-Corporate-Actions/