The NAS100’s underlying instrument is the NASDAQ100 stock market index. This index includes 100 companies from a broad range of industries with the exception of those that operate in the financial industry, such as banks and investment companies: i.e. Apple, Adobe Systems, Amazon, Cisco Systems, Google, Intel, Facebook, etc.
Margin Requirement's may differ depending on trader experience and account equity 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 NAS100 has a target spread of 1 pips/points.
Max Contract Size
The maximum number of contracts per click (trade) for the NAS100 is 5,000.
Minimum Pip Cost (Value)
The NAS100 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 NAS100 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
200 FXCM NAS100 Contracts are currently equivalent to one NASDAQ 100 E-Mini Future.
The NAS100 does have financing cost (Rollover). For further information regarding financing costs, click here. Applicable to most cash indices, dividend payments will be applied as debit/credit within the rollover amount for your open positions. Adjustments will apply on the eve of the ex-dividend date of the constituent members of the relevant Index. The adjustment will appear as part of the rollover debit/credit on your statement. For further information regarding dividends click here.
With FXCM’s new Enhanced Execution, there is no minimum stop distance.