Indices

Getting Started

Take a look at the information below to help you understand Forex trading. If you have questions, don’t hesitate to contact our specialists by phone +61 283 113 231, email support@24htrading.co.uk or leave us a message below.

Understanding the Basics

Have you ever heard of FTSE 100, Dow Jones or NASDAQ? Collectively, they are known as stock indexes or indices – a weighted average of a current price of a group of shares from a certain exchange. The index can represent a market sector, or even a whole economy. For example, the Dow Jones Industrial Average is made up of stocks from 30 of the largest US companies and represents nearly 25% of the US market.

There are two main types of indices:
Capitalisation-weighted indices are the companies with a higher total market value who/that will have a bigger impact on the price of an index.
Price-weighted indices (like Dow Jones) are companies with a higher share price who/that will affect the index’s price more. For example, a company with a share price of $10 will have ten times more impact than a company with a share price of $1.
Since indexes or indices are an abstract notion, the only way to trade them on the MetaTrader platform is through CFDs (Contracts for Difference).

Advantages of Indices trading

By registering an account with 24h Trading, you’ll receive a number of benefits:

Go long or short

With index CFDs, you can buy or sell assets without owning the underlying instrument. This means you can speculate on both the rising and a falling price. For instance, let’s say you place a buy order on Dow Jones and the price of the index goes up. When you sell you would earn a difference between the buy and sell price. If it goes down, you would pay the difference.

Leverage trading

With leverage trading you can control bigger positions with lower initial payment. If leverage is 1:100, you can control a position worth $10,000 with just $100. Although trading with leverage can yield maximum profits, it can also cause losses that exceed your deposit. For more information, check out Margin Trading.

Explore indices

Select among over 20 indices offered on our trading platforms. Choose which sectors of economy or which countries you would like to start investing in.

Pricing

There are no exchange fees, but you will need to cover the margin costs to open a leveraged position. There are no commissions, trade fees, account fees or advisory fees.

Symbol	Leverage (max)	Swap Long	Swap Short	Max Order Size	Size of 1 Lot	Spread	Trading Hours
UK100	1:50	-60.342	-51.058	20	100	floating	00:05 22:15 , 22:30 23:00
DE30	1:50	-82.165	-82.165	20	100	225	00:05 22:15 , 22:30 23:00
DollarIndex	1:100	-1.1434	-0.4708	20	1,000	floating	03:05 23:55
EU50	1:50	-25.675	-25.675	20	100	225	09:00 23:00
FRA40	1:50	-43.937	-42.496	20	100	225	00:05 22:15 , 22:30 23:00
HK33	1:50	-246.225	-175.875	20	100	floating	03:15 06:00 , 07:00 10:30 , 11:15 17:55
JPN225	1:50	-149.252	-139.623	20	1,000	floating	01:05 23:55
SWI20	1:50	-96.969	-96.969	20	100	floating	09:05 22:55
US100	1:100	-60.321	5.16	20	100	225	01:05 23:15 , 23:30 23:55
US30	1:100	-325.3	-85.6	20	100	floating	01:05 23:15 , 23:30 23:55
US500	1:100	-26.488	-13.244	20	100	floating	01:05 23:15 , 23:30 23:55

Choosing a Trading Platform

What platforms do we offer?

MetaTrader4 is the best trading platform on the market for performing technical and fundamental analysis. These platforms offer access to more than 900 instruments – Forex, indices, commodities, stocks, bonds, cryptocurrencies and CFDs. All information is displayed in easy to understand charts and you can trade and monitor your trades 24/7 on a variety of devices: desktop, mobile or tablet.

Why do I need a trading platform?

MetaTrader has been designed with the trader’s interests in mind. It is easy to understand, nearly intuitive. It saves you time because you have everything at your fingertips: market information, instrument’s analysis, indicators. You can perform trades and set key levels with one click or tap. It’s important that you use the platform provided by your broker, as the bid/ask pride may differ and hence it is difficult to trade correctly with a generic MT4.

How do I install it?

There are three types of platforms we offer, depending on the device you want to use it on: desktop, mobile and tablet version. To use MetaTrader on mobile and tablet, simply download the app from Google Play or App Store. To install the Client Terminal (desktop version) For Windows:
1. Download and launch installation wizard.
2. Choose a directory for installing the program and follow the installation wizard’s tips. After the terminal has been installed, it will run automatically.
To install the Terminal on Mac OS:
1. First install PlayOnMac – free application for easy installation of Windows applications on Mac OS.
2. Together with PlayOnMac, Wine will be installed – software that allows to run Microsoft Windows apps. Select the latest version.
3. Install the Terminal by downloading "mt4setup.exe" and launching the file. PlayOnMac will automatically open it.
Market may not be available on Mac OS.

Download

Setting Up Your Account

To start trading indices with 24trading.co.uk, you’ll need to open a Live Account (Standard, Premium or Select). Once registered, you can apply for margin trading. If you have never traded before, we suggest you learn the basics first by opening a Demo Account. In order to set up your account, click the “Open New Account” button on top of the page.

To open an account, simply fill-in the registration form.
Complete the verification process by sending us your ID and proof of residence documents.
Add funds.
Select CFDs on indices you want to trade.
Decide on the position size.
Choose order type.

You’re an index trader now!