Spain 35
Index Trading
- Type:Index
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The Spain 35 is a financial instrument that is based on the performance of the IBX 35 Future Index. You can trade it using customized leverage of up to 200:1 and choose between ‘shorting’ and ‘longing’ your position.
Background
iFOREX allows you to invest in the Spain 35, which is based on the IBEX 35 Future Index, in the form of CFDs.
The IBEX 35 is based on the Iberia Index 35 stock index, the primary stock index of Bolsa de Madrid in Spain. It includes the 35 most liquid Spanish stocks traded in the Madrid Stock Exchange General Index and is a market capitalization weighted index.
Twice a year - in June and December – the composition of the IBEX 35 is reviewed. Assuming some conditions are met, the companies chosen for inclusion are those that had the highest trading volume in the previous six months.
Among the companies that make up the IBEX 35, we can find popular brands such as Telefónica, Banco Santander, and Repsol.
Spain 35 Trading Features
- Expose your portfolio to the Spanish market by trading the Spain 35 in the form of a CFD (where permitted by local regulations).
- Maximize your purchasing power with customized leverage of up to 200:1 (where permitted by local regulations).
- Trade the Spain 35 in any direction – up or down, ‘Buy‘ or ‘Sell’.
- Open and close deals from any device: PC, smartphone or tablet.
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- AED - United Arab Emirates
- ARS - Argentina
- AUD - Australia
- BGN - Bulgaria
- BRL - Brazil
- CAD - Canada
- CHF - Switzerland
- CLP - Chile
- CNY - China
- CZK - Czech Republic
- DKK - Denmark
- EGP - Egypt
- EUR - European Union
- GBP - Britain (United Kingdom)
- HKD - Hong Kong
- HRK - Croatia
- HUF - Hungary
- IDR - Indonesia
- ILS - Israel
- INR - India
- ISK - Iceland
- JPY - Japan
- KRW - South Korea
- KWD - Kuwait
- LBP - Lebanon
- LTL - Lithuania
- LVL - Latvia
- MXN - Mexico
- MYR - Malaysia
- NOK - Norway
- NZD - New Zealand
- PEN - Peru
- PHP - Philippines
- PLN - Poland
- QAR - Qatar
- RON - Romania
- RUB - Russia
- SEK - Sweden
- SGD - Singapore
- THB - Thailand
- TRY - Turkey
- TWD - Taiwan
- USD - United States of America
- XAG - Silver
- XAU - Gold
- XPD - Palladium (Ounce)
- ZAR - South Africa
Trade Example*
Although our CFDs follow the price of the underlying instrument, traders can maximize their trades by using customized leverage.
So for example if you were to invest only €200, your potential purchasing power may be up to 200 times that i.e. €40,000 (where permitted by local regulations).
If the Spain 35 is trading at 9,620 points, then one Spain 35 contract is priced at €9,620 (in this example the spread is not included in the calculations). The use of leverage grants you purchasing power to purchase the contract, or even up to 4 contracts for the purpose of this example, whereas with your initial €200 investment you wouldn’t have been able to purchase even one contract in the underlying exchange.
As such, if you believe that the Spain 35 is going to rise then it would only be logical to “Buy” it or to go “Long”.
If the price then increases to 9980 points (+3.74%) the profit on that trade would be calculated as follows:
|
Open price |
€9,620 |
|
Close Price |
€9,980 |
|
Difference |
€360 |
|
Profit on trade (€360 x 4 contracts) |
€1,440 |
|
Initial investment |
€200 |
|
Account worth after the trade |
€1,640 |
|
Yield |
720% |
* This is not based on live data and is a hypothetical example. Figures do not take into account the spread.
If the Spain 35’s price drops below your opening price, then your potential loss is limited to your initial €200 investment.
It is important to note that trading CFDs involves a certain level of risk, but due to our negative balance protection program you can never lose more than you have invested.
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Expiration and Trading Hours:
This product has various expiration dates during the year.
Note that our Value Dates differ from the Expiration day on the underlying exchange.
Upon expiration, all open positions will be closed at our last available rate (at iFOREX Deal Closing time (GMT)). The related limit orders will be canceled.
Complete information about the contract’s expirations can be found on our Instruments Expiration dates page.
This Index is not traded 24 hours, please note the limited trading hours.
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Commodity, Index and Share CFDs are available only in specific jurisdictions, subject to regulatory restrictions.
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