Contract Specification definitions explaned

 

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!

Reason: