What is the US30?
The US30 is one of the oldest U.S. indices, tracking 30 major industrial firms, like Apple, Microsoft, and Coca-Cola. It reflects the potential and overall health of the U.S. economy.
- Trading Hours (GMT+7):
- Summer: Monday 05:00 to Saturday 03:45
- Winter: Delayed by 1 hour
- Daily Market Closure: 04:00–05:00 (delayed by 1 hour in winter)
- Position Holding Rules:
- US30 contracts have no expiration date, but holding positions overnight incurs overnight financing costs (also known as Rollover).
- Overnight interest on Fridays is calculated at triple the normal rate to cover weekend holding costs.
- Dividends may be incurred.
- Trading Parameters (US30):
- Spread: Floating
- Minimum Trading Unit: 1 lot = 1 contract (50 FXCM contracts ≈ 1 futures contract)
- Maximum Trading Volume: A maximum of 4,000 lots can be traded per transaction.
- Pip Value: Every 1.0 price movement = 1 pip, with a pip value of USD0.1