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Hi
I'm hoping someone can help my to explain what all these contract specifications mean. (Looking at the NAS100)
I took a snippet from two brokers. (I only list the specifications I am unsure about)
AxiTrader: JP Markets:
Stops level: 1 4
Profit Calculation mode: CFD CFD
Margin Calculation mode: CFD Futures
Marin Maintenance: 2000.00
Margin hedge: 0.00 0.00
Margin Percentage: 1.0% 100.0%
For Axitrader when you open a trade, the Symbol "name" is NASDAQ 100 E-mini Futures derived CFD. (But looking at the Contract specification above, it says CFD, not Futures). Does that make a difference?
For JP Markets the Symbol name is NASDAQ 100 Index.
Thanks!