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Trade Forex, Individual Stocks, Commodities, Precious Metals, Energies, Equity and Thematic Indices at XM.

Stocks - Spreads / Conditions

View Key Information Document.

* Swap rates are calculated according to the stock currency’s relevant interbank rate. In the table above the swap values are indicative of the annual percentage. Long positions are charged with the relevant interbank rate plus a mark-up, and short positions receive the rate minus a mark-up. The operation is conducted at 00:00 GMT+2 time zone (note that DST may apply), and can take several minutes. For positions held open at the close of trading on Friday, swap is charged for 3 days.

** Min. level for placing pending orders at a current market price.

Every third Friday of the month, the trading hours of Greek stocks will have a break between 13:44 and 14:01 GMT+2 time zone (note that DST may apply).

CFD stocks are not physical shares and are not subject to any voting rights.

When a corporate action occurs, a price adjustment may be applied to eliminate the impact on clients' trading accounts.

Margin requirements may be subject to change before earnings announcements and/or any corporate action.

The margin is always 50% when you hedge positions on CFDs and if your margin level is over 100%.

The margin requirement for CFDs is calculated like this : Lots * Contract Size * Opening Price * Margin Percentage and not based on the leverage of your trading account.

Calendar dates are indicative and are subject to change.

Dividends Adjustments on Stocks CFDs

CFDs on Stocks are subject to dividend adjustments.

When a company pays dividends to its shareholders, it is essentially reducing the value of the company by the amount of the dividend.

This is reflected by a reduction of the share price at the market open on the ex-dividend date (the day that the company stock starts trading without the value of the dividend).

Holders of CFDs on Stocks do not own the underlying stock. However, they are impacted by reductions of share prices.

Therefore, to ensure no impact on positions, a dividend adjustment is made before the market open on the trading accounts of clients who hold CFD positions on Stocks.

The trading hours for each stock can be found in the table above.

Buy trades will receive an amount calculated as follows:

Dividend Adjustment = stock dividend declared x position size in shares

Sell trades will be charged an amount calculated as follows:

Dividend Adjustment = stock dividend declared x position size in shares

Due to new tax regulations under U.S. section 871 (m), non-US residents, holders of long positions on US equity derivatives (including CFDs) are taxed on dividend adjustments in the same way as non-US holders of the real US dividends. Particularly, in every dividend paid for an in-scope position, we calculate the dividend adjustment and deduct the 30% withholding rate (or less when a relevant treaty rate was applied to the account). Clients which are affected must fill in a W-8BEN form to be able to continue or start trading on the in-scope instruments.

For more information, please visit the IRS website

Corporate Events

In the table below you can view all the symbols of instruments that are expected to have corporate actions this week. All figures shown below represent the expectations of our liquidity providers and are thus subject to change.

29/07/2024

Date Instrument Dividend Amount
29/07/2024 NBG 0.36
29/07/2024 Blackstone 0.82
29/07/2024 ASMLHolding 1.52

30/07/2024

Date Instrument Dividend Amount
30/07/2024 Delta 0.15
30/07/2024 NaturgyEnergy 0.5
30/07/2024 Celanese 0.7
30/07/2024 BankofMontreal 1.119675

31/07/2024

Date Instrument Dividend Amount
31/07/2024 MorganStanl 0.925
31/07/2024 TeliaSonera 0.5
31/07/2024 NiSource 0.265
31/07/2024 AGNC 0.12
31/07/2024 Alliant 0.48
31/07/2024 EnterpriseProducts 0.525
31/07/2024 WestPharmaceutical 0.2
31/07/2024 AOSmith 0.32
31/07/2024 CitizensFinancial 0.42
31/07/2024 KinderMorgan 0.2875
31/07/2024 TexasInstruments 1.3

01/08/2024

Date Instrument Dividend Amount
01/08/2024 Aes 0.1725
01/08/2024 Lloyds 0.0106
01/08/2024 Relx 0.21555
01/08/2024 ONEOK 0.99
01/08/2024 Valero 1.07
01/08/2024 Horton 0.3
01/08/2024 NRG 0.4075
01/08/2024 Moneysupermarket 0.033
01/08/2024 Conagra 0.35
01/08/2024 AllyFinancial 0.3
01/08/2024 RealtyIncome 0.263
01/08/2024 Pinnacle 0.88
01/08/2024 ReckittBenckiser 0.804

02/08/2024

Date Instrument Dividend Amount
02/08/2024 CMS 0.515
02/08/2024 ItauUnibanco 0.003232
02/08/2024 Masco 0.29
02/08/2024 LambWeston 0.36
02/08/2024 JBHunt 0.43
02/08/2024 NorfolkSouthern 1.35

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.