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Why Trade IBEX (SPAIN35) with XM?
At XM we offer IBEX (SPAIN35) as a cash CFD. Our cash CFDs are undated transactions that aim to replicate the cash price of the underlying instrument, and so they are adjusted for interest.
About IBEX (SPAIN35)
Since its initiation in 1992, the IBEX (SPAIN35) has been the benchmark stock market index of the largest stock exchange in Spain, the Bolsa de Madrid. It comprises the 35 most liquid Spanish stocks traded in the Madrid Stock Exchange General Index (IGBM), which the main market-capitalization stock index of the Bolsa de Madrid measuring the performance of a selected number of continuous market stocks.
The IBEX (SPAIN35) is a capitalization-weighted index, calculated and administered by the Sociedad de Bolsas. The index is reviewed twice every year by the Technical Advisory Committee, with each review taking into consideration the 35 companies that show the highest trading volume in euros over the previous six months. Any selection changes made regarding the index constituents come into effect on the first trading day of January or July.
Trading Conditions
| Margin requirement | 1 % |
| Spreads as low as | 7 |
| Symbols | SPAIN35Cash |
| Description | Spain 35 |
| Min. Price Fluctuation | 1.00000 |
| Value of Minimum Price Fluctuation | EUR 1 |
| Value of 1 lot | 1 Spain 35 index |
| Spreads as low as | 7 |
| Min/Max Trade Size MT4 | 1/12500 |
| Min/Max Trade Size MT5 | 0.1/80 |
| Swap Value in Margin Currency Long | -0.67 |
| Swap Value in Margin Currency Short | -0.93 |
| Limit and Stop Levels** | 15 |
Trading time (server time) 10:05-20:55 (GMT +3)
** Min. level for placing pending orders at a current market price.
How to Start Trading IBEX (SPAIN35)?
Step 1
Open an XM Real Account
Step 2
Download and login to the MT5 platform
Step 3
Double-click on IBEX (SPAIN35) from the “Market Watch” to open an order for this instrument.
