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Mini
Share Trading
GCIs
"Mini Share Trading" account is a "mini"
version of the Share CFD account. Contract sizes are
100 shares per lot, allowing clients to efficiently trade
shares on 2% margin and $2 commission per lot (2 cents per
share)*
- all with instant execution on the industry's leading trading
software (download
a free demo). Mini Share products include:
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(partial list)
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Stock
Market Indices
S&P500
NASDAQ
100
Dow
Jones Average
DAX
30
CAC
40
FTSE100
Nikkei 225
SPI
200 (S&P ASX 200)
Hang
Seng
Foreign Exchange
EUR/USD
USD/JPY
GBP/USD
USD/CHF
USD/CAD
AUD/USD
...and
more
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Individual
Shares
Microsoft
Vodafone
Barclays
I.B.M.
Nokia
eBay
Siemens
AG
Goldman
Sachs
Deutsche
Bank
France
Telecom
Unilever
...and
many others
Commodities
Crude
Oil
Gold
Silver
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| Click
here for a complete list of Mini Share products... |
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All Mini Share products are traded
as "lots", where 1 lot is equal to 100 shares.
Please see Specifications
for trading hours.
Mini
Share Trading Account Details:
Account
Opening Minimum: $500 or €
500
Lot
Size: 100 shares. Click
here for details on other Mini Share products
Margin
Requirement: 2% on individual shares, 1% or less on
other products
Spreads:
Same as Standard Share Trading. Click here
for spreads in all products.
Commissions:
$2 per lot (equal to 2 cents per share)
Free
Demo Account:
Click Here!
Open
a Live Acount:
Click Here!
CFDs Explained
The "CFD", or "Contract
for Difference", was developed to allow clients to receive
all the benefits of owning a stock without
having to physically own the stock itself. For
example, instead of purchasing 100 shares of Microsoft from
a stock broker, a client could instead buy one lot of Microsoft
on the GCI Mini Share trading platform. A $5 per share
rise in the price of Microsoft would confer to the client
a $500 profit, just as if he had purchased the actual shares
that are traded on the exchange.
The other major benefit of trading
a CFD is the fact that the client can trade on margin. CFD
trading means clients can trade a full portfolio of Shares,
indices, or commodities without having to tie up large amounts
of capital. Using the example above, a client purchasing $5,000
worth of Microsoft will only be asked for $100 margin.
CFD
Performance
As with Shares, CFD investors benefit from normal market movements.
Clients' open positions are valued in real time, with every
tick of the market. Profits or losses similarly are credited
to or debited from the clients account equity in real time.
Margin
Unlike physically purchasing
stocks, clients only have to deposit approximately 1% of the
value of the Shares. So if you want to buy $5,000 worth of
Shares, you only need to have $50 on deposit with GCI.
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