Product

Stocks and indices

 

Product Features

  • EFS's stock products are traded in the form of CFDs, which are more favorable than traditional stock trading.

    Stock CFDs have rapidly evolved into trading products for individual and institutional investors. CFD allows you to share all the profits of investing in stocks without actually holding stocks, exempting most of the trading costs of buying and selling stocks. CFD tracks and reflects the price of individual stocks or indices. In addition to the profits from stock price changes, you can also get the corresponding dividend interest (depending on whether you are holding a position or a short position).


  • Advantages of CFD

    because you are investing in stock price changes rather than actual holdings, buying and selling can be done in real time without waiting for settlement or stock transfer, you can also short the stock to take advantage of the price drop Profit. Therefore, a CFD investor can profit from short-term trading in a bull market or a bear market or an investment market.

  • CFD allows real-time transaction confirmation, which is different from waiting for confirmation when trading is required in certain market conditions.

  • Trading CFDs only requires a margin payment without paying the full amount of the transaction. This will allow you to use your wealth efficiently, and you will be able to participate in the market to control your portfolio by taking a small portion of the transaction amount as a margin. As long as you use it properly, you can leverage the leverage ratio of margin trading to amplify your investment income.

  • CFD transactions do not have to pay stamp duty and exchange fees, and the profits generated by CFD do not have to pay asset value-added tax (according to the UK national system, the specific circumstances of the country where the customer is located may vary).

  • CFD transactions do not have to pay stamp duty and exchange fees, and the profits generated by CFD do not have to pay asset value-added tax (according to the UK national system, the specific circumstances of the country where the customer is located may vary).

  • just as CFD reflects the price movements of stocks in the stock market, they also reflect the behavior of dividends sent by companies, which means that owners of CFDs [stocks] will receive dividends and participate in stock splits. Or merge, just as they have actual shares, the only difference is that the CFD owner does not have any voting rights.

  • CFD trading is essentially the same as trading in the spot market, with transactions taking place at the fastest rate and near the spot market price.

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Transaction Hour

  • Standard Time
    (Please click on the link below to get our trading hours.)

      click here

  • The EFS Platform SPX500 automatically closes positions on each natural month's change date. The customer will realize a floating profit/loss when the position is closed. The client will have to re-establish another long position (assuming the customer wishes to hold a long-term trading order) and then re-attach the stop loss and limit price to the new opening position. The SPX500 swap time is the end of the transaction on the swap date (23pm for summer time and 24pm for winter time).


    2019 EFS SPX500 index swap

    Contract month Expiry date
    January January 17
    February February 14
    March March 14
    April April 18
    May May 16
    June June 20
    July July 18
    August August 15
    September September 19
    October October 17
    November November 14
    December December 19

    * Our trading hours may be subject to change due to market holidays and US summer time adjustments. Please refer to our notice or contact our customer service team for the latest information.

    * The US winter time and daylight saving time change time is the 2nd Sunday of March and the 1st Sunday of November.

    The deadline for calculating the cost of financial products and the associated data is: 20:00 GMT per day for daylight saving time in the United States and 21:00 GMT per day for the US winter time. All contracts that operate before this deadline will be displayed in the current day's data. The contract that operates after this deadline is displayed on the next trading day. Please note: The closing time of our products is not affected by this.

  • The EFS Hong Kong Hang Seng Index (HKG33) automatically closes positions on each natural month's renewal date. The customer will realize a floating profit/loss when the position is closed. The client will have to re-establish another long position (assuming the customer wishes to hold a long-term trading order) and then re-add the limit to the new opening position. The trading time of HKG33 is the closing time of the trading day of the swap date, and the last trading deadline of the monthly contract expiration date is 10:00 of the platform time.

    2019 EFS HKG33 index swap

    Contract month Expiry date
    January January 30
    February February 27
    March March 28
    April April 29
    May May 30
    June June 27
    July July 30
    August August 29
    September September 27
    October October 30
    November November 28
    December December 30






    EFS HKG33 Trading Hours

    Trading time (platform time) Time quotes transaction hour
    Monday 03:15-06:00,07:00-10:15 03:15-06:00,07:00-10:15
    Tuesday 03:15-06:00,07:00-10:15 03:15-06:00,07:00-10:15
    Wednesday 03:15-06:00,07:00-10:15 03:15-06:00,07:00-10:15
    Thursday 03:15-06:00,07:00-10:15 03:15-06:00,07:00-10:15
    Friday 03:15-06:00,07:00-10:15 03:15-06:00,07:00-10:15




 

Trading rules

  • The trading products we offer are price-restricted when trading on some exchanges. In order to ensure the balance of the amount of foreign exchange trading, the exchange will suspend trading, mainly to avoid the market's violent shocks.

    The exchange will interrupt the trade until the market returns to equilibrium, usually only a few minutes, and then restart the trade with the new price limit. When the transaction is suspended, HY Markets will stop offering quotes until the transaction resumes.


    Price limits for the Nasdaq index CFD, the SPX500 index CFD and the Dow Jones index CFD

    For the Nasdaq index CFD, the SPX500 index CFD, when the market fell 5%, 10%, 15%, and finally fell to 20%, the trade will be suspended.

    For the Dow Jones index CFD, the price limit is 10%, 20%, and then 30%.

    For the Nasdaq index CFD, the SPX500 index CFD, there is a 5% cap, but only when the exchange closes, it will happen through the global futures trading system (GLOBEX).

    The price limit on the index is variable, and the quarterly exchanges have to be revised.


    Nikkei 225 Index CFD contract price limit

    The daily price limit for the CFD of the Nikkei 225 Index is 5% above and below the clearing price of the previous trading day.


    Stock market price limit

    When the Dow Jones index CFD trading is suspended, stock trading is also suspended.

    Stocks may be suspended or suspended because of other reasons not related to the company.

  • (selling price - purchase price) * contract face value * contract shares = profit and loss in US dollars
    *The above calculation process does not include commission fees.

  • (1) Interest calculation:
    [(Opening price * contract face value * contract share * interest rate) / 360] * days = interest in US dollars

    (2) Fund custodian fee:
    Custody fee rate* days* contract shares = custodial fee

  • Dividend
    Dividend adjustments occur on the ex-dividend date on which the shares are held. For the position of the customer, the dividend adjustment will be credited to the customer's account. For short-term customers, dividend adjustments are credited to the customer's account. The dividend is full and there is no need to pay taxes.

    Dividend, stock split
    In the case of dividends, stock splits or similar events affect the share held. ETOP Financial will determine and appropriately adjust the relevant stock CFDs. These adjustments will result in the necessary reduction or concentration of the account to protect the rights and obligations of the stock under the corresponding margin trading in the economic sense. The newly held share may affect the customer's repositioning of the stock CFD price in a comprehensive or up-and-down manner.

 

Transaction instance

  • Buy SPX500 index contract

    The SPX500 futures contract is quoted at 1875.1/1875.6, and a customer buys two standard lots at 1875.6. This requires at least $4,000 because the margin required for each standard lot is $2,000.

    When the SPX500 rose to 1915.3/1915.8, the client decided to close the lot and get the profit as follows

    Profit per contract is $100* (1915.3-1875.6)=4000 USD Total profit is $4,000*2 hands=8000 USD.

  • Sell the HKG33 contract

    The contract price of HKG33 is 22575/22585, and the customer is short-selling 2.2 standard hands at 22575. This requires at least $2,200 because the required margin for each standard hand is $1,000 and the handling fee is $50.

    When HKG33 fell to 22485/22495, the client decided to close the short position and earn the following profit:

    Earnings per contract (22575-22495) * 5 US dollars = 400 US dollars, total profit is 400 US dollars * 2.2 hands = 880 US dollars.