Advantages of Equity Indices Trading with MSMAX

CFDs on Cash Indices are subject to dividend adjustments.

When an index constituent pays dividends to its shareholders it is essentially reducing the value of the company by the amount of the dividend.

This is reflected on the ex-dividend date as a decrease of the company share price, as well as in a decrease in the value of the index in proportion to the weight of the stock within the index.

To ensure no impact on positions, dividend adjustments will be made to the accounts of clients holding a position on the index at 00:00 (GMT+2 time zone, please note DST may apply) on the ex-dividend date.

The dividend adjustment is made before the market open on the ex-dividend date (market hours can be found above).

CFDs on Germany40 (GER40Cash) are not subject to dividend adjustments because the dividends paid by its constituent stocks are reinvested in the index itself. Thus, no downward adjustment occurs due to a constituent paying a dividend

CFDs on Future Indices are also not subject to dividend adjustments.

Buy trades will receive an amount calculated as follows:

Dividend adjustment = Index Dividend declared x position size in Lots

Sell trades will be charged an amount calculated as follows:

Dividend adjustment = Index Dividend declared x position size in Lots