Stock and Index Trading

$ 0.01

Buy stocks with 1 cent.

With Athena online stock trading, you do not pay per trade. Your cost of placing a trade embedded to the spread starts from 1 cent.

Experience the new and simple way to invest in stock market.

While a stock represents a value of a company, a stock index is a portfolio of companies representing a particular portion of the broader market. Stock index trading usually offers lower fees and is a less volatile investment option for investors compared to individual stock trading.

Index trading

  • Steady growth Stock indices usually consist of large companies with many years of stable business expansion.
  • Low fee diversification Invest in 30 largest companies in discount with Dow Jones 30 index.
  • Track the economy No need to study complex reports from different companies, just follow the general economic trend.

Symbol information for major global stock indices

[DJI30]

The [DJI30]’s underlying instrument is the DJIA (the Dow Jones) MINI e-CBOT, consisting of 30 major American companies: AMEX, Boeing, Coca-Cola, DuPont, Goldman Sachs, Intel, IBM, Microsoft, Nike and more.

[NQ100]

The [NQ100]’s underlying instrument is the NASDAQ100 stock market index consisting of 100 companies from a broad range of industries excluding the financial service industry. Companies include Apple, Amazon, Cisco Systems, Google, Intel, Facebook and others.

[SP500]

The [SP500]’s underlying instrument is the S&P 500 stock market index consisting of 500 large-cap American companies covering approximately 75% of the US equity market. Companies include Delta, Halliburton and Yum! Brands.

[FTSE100]

The [FTSE100]’s underlying instrument is the FTSE 100 index future consisting of 100 of the largest capitalized companies listed on the London Stock Exchange.

[JP225]

The [JP225]’s underlying instrument is the Nikkei 225 Mini future which is the benchmark stock index for the TSE (Tokyo Stock Exchange).

[DAX30]

The [DAX30]’s underlying instrument is the DAX index future consisting of 30 major blue-chip stocks in German trading on the Frankfurt Stock Exchange.

[CAC40]

The [CAC40]’s underlying instrument is the CAC40 index future, which is the benchmark stock market index of the Euronext Paris, consisting of Airbus, AXA, BNP Paribas, L’Oreal, Michelin, and more.

Trading Conditions

At Athena, we aim to make our trading conditions and policies as simple as possible. If you still have questions, please contact us for clarification.

Click here to see the full list of available stocks.

Commission

No commission to trade stock and stock index

While no commission is charged on stock index trading, Athena may receive rebates from its liquidity providers and generates revenue from spreads.

Trading Hours

[ASX200], ASX200 Index CFD From Monday to Friday 02:50-09:30, 10:10-23:59
[DAX30], DAX30 Index CFD From Monday to Friday 01:05-02:59, 03:15-23:00, 23:30-23:59
[DJI30], Dow Jones Index CFD From Monday to Friday 01:00-23:15, 23:30-23:59
[FTSE100], FTSE100 Index From Monday to Friday 01:05-23:15, 23:30-23:59
[NQ100], NASDAQ100 Index From Monday to Friday 01:00-23:15, 23:30-23:59
[SP500], Standard and Poor’s Index From Monday to Friday 01:00-23:15, 23:30-23:59
[MDAX50], Germany Mid Cap 50 Index From Monday to Friday 10:00-18:30
[TECDAX30], Germany Technology 30 Index From Monday to Friday 10:00-18:30
[CAC40], CAC40 Index From Monday to Friday 09:00-23:00
[IBEX35], IBEX 35 Index From Monday to Friday 10:00-21:00
[SMI20], SMI20 Index From Monday to Friday 09:00-23:00
[STOXX50], EURO STOXX50 Index From Monday to Friday 09:00-23:00
[HSI50], Hang Seng Index CFD From Monday to Friday 04:15-07:00, 08:00-11:30, 12:15-19:59
[JP225], Nikkei 225 Index From Monday to Friday 02:30-09:25, 09:55-23:15
[OBX25], Norway Top 25 Index From Monday to Friday 10:00-17:20
[AEX25], Netherlands 25 Index From Monday to Friday 09:00-23:00

Contract Size

Value of 1 contact equals the price of 1 shareUse right click from Market Watch window in Athena MT4 trading platform to see specifications for individual stock and stock index.

Min. Trading Size (In Contract Size)

1 share 

The smallest amount that you can buy is 1 contract/share.

Max. Trading Size (In Contract Size)

3000 shares for individual stocks200 shares for stock indices

Leverage

Adjustable leverage up to 500 to 1

If you want to buy 1 share of [DJI30] at $20,000, you must have a minimum of $20,000($20,000 * 1) in your trading account using 1 to 1 leverage. However, if you change the leverage to 50 to 1, you can buy up to 50 [DJI30] using $20,000. In the same way, you can buy up to 500 [DJI30] with $20,000 using 500 to 1 leverage.

Learn more about leverage and margin requirement

Margin Call

Required Margin and 50% Stop Out

Using 10 to 1 leverage, your required margin to buy 1 share of [DJI30] at $20,000 is $2,000 ($20,000 * 1* 1/10). At all times, your account balance should be able to cover the required margin, regardless of market volatility. If your account balance falls below 100% of the required margin, you will get a margin call. In this case, you must deposit more funds or increase your leverage. If your account balance ever falls below 50% of the required margin, your open position will be forced to close by the system.

Learn more about margin call and stop out

Margin Calculation Formula

Margin Requirement =

Current Price of Index * Number of shares / Leverage.

Profit Calculation Formula

Profit Calculation = Buy: (Close Price – Open Price) * Number of shares
Sell: (Open Price – Close Price) * Number of shares

Swap Interest Swap Charge Time

Overnight swap interest capped at 0.01%

Swap Interest is charged once a day only if there is an open position when CME (Chicago Mercantile Exchange) close its future trading at 4pm Central Time (UTC – 6) every day. If there is no open position at 4pm CT, no swap interest will be charged.

Swap Interest calculation formulaSwap interest for a long position = The Interest Rate * Shares * Premium / 360
Swap interest for a short position = The Interest Rate * Shares* discount / 360

Athena uses Interest Rate Cap to protect traders from any sudden surge in swap interest causing unavoidable disruption in trading.

Learn more about Swap Interest and Interest Rate Cap