Sectors CFD product details

Trade CFDs on 44 key UK and Australian sectors

We offer sectors from the UK and Australia, providing exposure to a basket of related stocks with a single trade.

We charge no commission on sectors; all you pay is the dealing spread.
The dealing spread is normally 0.1% per side for all contracts on all sectors.
The margin required is 5% of the underlying contract value.
The minimum transaction size for sector CFDs is one contract.
Trade standard and mini contracts on the following sectors:

UK sectors

Aerospace & Defence

Banks
Beverages

Chemicals

Construction and Materials

Electricity

Electronic and Electrical Equipment

Equity Investment Instruments

Fixed Line Telecoms

Food and Drug Retailers

Food Producers

FTSE Mid 250

General Retailers

Health Care Equipment and Services

Household Goods and Home Construction

Industrial Engineering

Industrial Transportation

Leisure, Entertainment and Hotels

Life Assurance

Media

Mining

Mobile Telecoms

Nonlife Insurance

Oil and Gas Producers

Oil Equipment and Services

Personal Goods

Pharmaceuticals and Biotechnology

Real Estate Investment Trusts

Software and Computer Services

Speciality Finance

Support Services

Techmark

Technology, Hardware & Equipment

Tobacco

Utilities

Australian sectors

Consumer Discretionary

Energy

Financials

Healthcare

Materials

Industrial

Consumer Staples

Utilities

Notes

Our Sectors are a special form of CFD that give you exposure to changes in the value of shares in specified sectors but cannot result in the delivery of any share or instrument by or to you.

1. The dealing spread is normally 0.1% per side for all contracts on all sectors. Spreads are subject to variation, especially in volatile market conditions.

2. For limited-risk bets a limited-risk premium is charged if your guaranteed stop is triggered. The potential premium is displayed on the deal ticket, and will form part of your margin when you attach the stop. Please note that premiums are subject to change, especially going into weekends and during volatile market conditions.

3. The minimum transaction size is one contract.

4. One standard contract is equivalent to £10 (per sector point) for UK sectors and $10 (per sector point) for Australian sectors. One mini contract is equivalent to £2 (per sector point) for UK sectors and $2 (per sector point) for Australian sectors.

5. The margin requirement is 5% of the underlying contract value (the level the transaction is opened at multiplied by the number of contracts multiplied by the value of one contract).

6. UK sectors can be dealt from 8.15am to 4.30pm (London time). Australian sectors can be dealt from 10.10am to 4pm (Sydney time).

7. For sectors, adjustments to reflect the effect of interest and dividends are calculated and posted to your account daily. For dividends on sectors they are posted on the ex-dividend date.

i) Interest adjustments are calculated as follows:

D = n x L x C x i / A

Where:

D = daily interest adjustment
n = number of contracts
L = contract size
C = current sector price
i = applicable annual interest rate
A = annual divisor, which is 365 for UK sectors and 360 for Austalian sectors.

Interest in respect of long positions is debited from your account and interest in respect of short positions is credited to your account at rates which are agreed with you.

ii) A dividend adjustment is applied when a component share passes its ex-dividend date (including the ex-date of any special dividend) in the underlying stock market. In the case of long positions, the dividend adjustment is credited to your account. In the case of short positions, the dividend adjustment is debited from your account.

8. When you trade in a currency other than your base currency your profit or loss will be realised in that currency and will be booked to your account in that currency. As a default, we will automatically, and on a daily basis, convert any positive or negative balance on your account in a currency other than your base currency to your base currency. You may change this default at any time by calling us or via our trading platform.

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