This contract is Australian Securities Exchange - Australian S&P/ASX200 Index priced in Australian Dollars. The price shown is the price of 1 contract of ASX200 denominated in AUD. 1 lot of AUS200 in MetaTrader = 100 contracts of ASX200.
AUS200 trades Monday - Friday from 02:50 - 23:59 server time. Break from 09:30 -10:10 server time.
AUS200 has a variable spread that will widen and narrow due to market conditions.
Minimum Per-Click Trade Size:
The minimum number of contracts per click for AUS200 is 0.01. This is equivalent to 1 contract of AUS200.
Maximum Per-Click Trade Size:
The maximum number of contracts per click for AUS200 is 100. This is equivalent to 10,000 contracts of AUS200.
Maximum Total Exposure:
The maximum total exposure is the total sum of all AUS200 positions currently open on the trading account. The maximum total exposure is based on the leverage of the trading account. You can set your leverage by going to https://mt5.clients.evolve.markets/#/accounts and clicking the Gear next to the account you would like to change under Settings. You will then navigate to the SET LEVERAGE tab. The default setting when you sign up is FX 500 - BTC 50.
- FX 500 - BTC 50; AUS200 leverage = 1:500; maximum total exposure = 55 Lots AUS200.
- FX 200 - BTC 25; AUS200 leverage = 1:200; maximum total exposure = 75 Lots AUS200.
- FX 100 - BTC 10; AUS200 leverage = 1:100; maximum total exposure = 100 Lots AUS200.
- FX 50 - BTC 5; AUS200 leverage = 1:50; maximum total exposure = 500 Lots AUS200.
AUS200 has a minimum value of 0.01 AUD. Therefore, each 0.01 price movement of AUS200 is equal to 1 point.
Number of MT4/MT5 lots equal to 1 Contract AUS200:
0.01 lots of AUS200 is equal to 1 Contract of AUS200.
AUS200 has a maximum leverage of 1:500, or 0.2% margin requirement.
For example, to open 1 lot of AUS200 at 0.2% margin requirement at a AUS200 price of $6,000, the margin requirement would be $6,000 * 100 * 0.002 = $1200 AUD, converted into your deposit currency.
Overnight Funding - Swap Rates:
AUS200 has an overnight funding charge (Displayed as Swap in MetaTrader).
The current overnight funding (swap) rate is displayed in MetaTrader 4 and 5 by right clicking on the symbol and choosing 'Specification'. The swap is applied at 00:00 server time Monday through Friday and is 3x on Fridays. The swap is displayed in Points, and the point value of AUS200 is 1 point = $1.00 AUD.
AUS200 is a Contract for Difference otherwise known as a CFD. CFDs allow speculation on the market price of AUS200 without physical delivery of the underlying asset.