STOCKS

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Advantages of Stock Trading at PIPTradingXM

Cost-effective and direct access to the global equity markets

Instant access to global economies

Speculation on market uptrends/ downtrends

Going short/long according to market moves

Suits both short and long-term trading strategies

NO extra fees apply

6 Asset Classes – 10 Trading Platforms – Over 1000 Instruments.
Trade Forex, Individual Stocks, Commodities, Precious Metals, Energies and Equity Indices at PIPTradingXM.

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Stocks - Spreads / Conditions

* Swap rates are calculated according to the stock currency’s relevant interbank rate. In the table above the swap values are indicative of the annual percentage. Long positions are charged with the relevant interbank rate plus a mark-up, and short positions receive the rate minus a mark-up. The operation is conducted at 00:00 GMT+2 time zone (note that DST may apply), and can take several minutes. From Wednesday to Thursday swap is charged for three days.

** Min. level for placing pending orders at a current market price.

Every third Friday of the month, the trading hours of Greek stocks will have a break between 13:44 and 14:01 GMT+2 time zone (note that DST may apply).

CFD stocks are not physical shares and are not subject to any voting rights.

When a corporate action occurs, a price adjustment may be applied to eliminate the impact on clients’ trading accounts.

Margin requirements may be subject to change before earnings announcements and/or any corporate action.

The average spreads shown here are calculated throughout the day. Spreads to be narrower under normal market conditions, but they may widen following important news announcements, during political uncertainty, unexpected events leading to volatile market conditions, or at the close of the business day and on weekends when liquidity is lower. When you trade with us, PIPTradingXM is your counter-party. Your trades are matched and any next exposure above predefined thresholds is hedged with our partner banks (our liquidity providers) at the current market spreads. However, during volatile and illiquid market conditions our liquidity providers quote spreads larger than normal. At such times, PIPTradingXM is forced to pass on some of the spread increases to its clients.

The margin is always 50% when you hedge positions on CFDs and if your margin level is over 100%.

The margin requirement for CFDs is calculated like this : Lots * Contract Size * Opening Price * Margin Percentage and not based on the leverage of yourtrading account.

Calendar dates are indicative and are subject to change.

Dividends Adjustments on Stocks CFDs

CFDs on Stocks are subject to dividend adjustments. When a company pays dividends to its shareholders, it is essentially reducing the value of the company by the amount of the dividend. This is reflected by a reduction of the share price at the market open on the ex-dividend date (the day that the company stock starts trading without the value of the dividend). Holders of CFDs on Stocks do not own the underlying stock. However, they are impacted by reductions of share prices. Therefore, to ensure no impact on positions, a dividend adjustment is made before the market open on the trading accounts of clients who hold CFD positions on Stocks. The trading hours for each stock can be found in the table above. Buy trades will receive an amount calculated as follows: Dividend Adjustment = stock dividend declared x position size in shares Sell trades will be charged an amount calculated as follows: Dividend Adjustment = stock dividend declared x position size in shares Due to new tax regulations under U.S. section 871 (m), non-US residents, holders of long positions on US equity derivatives (including CFDs) are taxed on dividend adjustments in the same way as non-US holders of the real US dividends. Particularly, in every dividend paid for an in-scope position, we calculate the dividend adjustment and deduct the 30% withholding rate (or less when a relevant treaty rate was applied to the account). Clients which are affected must fill in a W-8BEN form to be able to continue or start trading on the in-scope instruments. For more information, please visit the  website

Corporate Events

In the table below you can view all the symbols of instruments that are expected to have corporate actions this week. All figures shown below represent the expectations of our liquidity providers and are thus subject to change.

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