Trading CFDs on indices is an enduringly attractive proposition, allowing you to flex your trading strategy to market conditions. With HNZ you can trade the most popular CFDs on Indices, taking advantage of some of the tightest spreads in the market as well as an advanced, customisable MT4 platform and free, comprehensive market intelligence.  

Remarks:
HNZ utilises a "lot-based" trading system. This simply means that all HNZ products are aggregated into standardized trade sizes. These sizes generally replicate the underlying reference instrument (cash instrument) or are a fraction of that figure. This simplifies trading by allowing clients to trade in lot increments, and also provides a price for each lot size rather than averaging open and close prices when multiple positions are taken in the same instrument. The lot size for all indices is in fact one contract (i.e., 1 US 30, 1 UK 100, etc). However, in order to effectively reflect the movement and profit/loss implications, HNZ has established a minimum/incremental trade size as detailed in the table above.

1. **Based on 1:100 leverage.
2. ***All times are in current Japan Time. Please take note that trading hours may change during holidays. Clients will be informed of any changes by email.   Numbers listed in parenthesis refer to the spread when the underlying cash market is closed.
3. Please note that HNZ strives to provide traders with tight, competitive spreads; however, there may be instances when market conditions cause spreads to widen beyond the spreads displayed here. Additionally, spreads may not be applicable to Japanese-yen-denominated accounts or client accounts of introducing brokers. Certain currency pairs may not be available for all account types.
4. Please note that during volatile market conditions and periods of low liquidity, and around economic data releases, spreads may increase momentarily on affected currency pairs. Volatile market conditions can result in prices gapping, which may prevent the execution of the following orders (sell stop, buy stop, stop loss) at the requested stop price. The freeze level, limit / stop order will also depend on market situation to adjust at any time. We strive to execute all stop orders at the requested price, market conditions permitting. 

Dividends

Dividend payments are applicable to most cash indices and will be applied as debit/credit along with the rollover to your open positions. Adjustments will apply on the eve of the ex-dividend date of the constituent members of the relevant Index. The adjustment will appear as a debit or credit cash entry. When an equity goes ex-dividend, the price of that equity theoretically decreases by the dividend amount. In practice, this does not always happen as there are many market forces affecting an equity price. The amount of points an index cash CFD drops by is dependent on the weighting of the equity within the index. If more than one constituent equity of an index CFD goes ex-dividend on the same day, the amount of points each equity will theoretically cause the sector or index to drop by is added together to calculate the total amount of dividend points or "drop points". HNZ will either collect or pay dividends on the hedge positions that we have entered into against client issued CFDs. Where an index is a Total Return Index, dividend payments will not be credited/debited.