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Indices - Asia Pacific
Nikkei 225
Nikkei 225
Contract specification
These are the terms the engine actually applies. Trading groups may widen the spread or reduce the leverage ceiling for a given account, never the reverse.
| Contract sizeUnits of the base asset per 1.00 lot | 100 JPY |
|---|---|
| Minimum / maximum lotStep 1.00 | 1.00 – 170 |
| Pip sizeQuoted to 0 decimal places | 1 |
| Value of one pipPer 1.00 lot, in the quote currency | 100.00 JPY |
| Typical spreadStandard account, before group markup | 9.0 pips |
| CommissionRaw, ECN and Professional accounts | None — spread only |
| Maximum leverageInitial margin 0.50% of notional | 1:200 |
| Margin on one lotNotional ¥6.45M at the current price | ¥32,255.50 |
| Swap longPer lot per night, in the quote currency. Wednesday rolls carry triple swap. | +294.231 JPY |
| Swap shortPer lot per night, in the quote currency. Wednesday rolls carry triple swap. | -304.231 JPY |
Mon-Fri 23:00 - 20:55 UTC, break 05:30-06:30
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Where a figure is a band, the cost depends on the leverage you open at. The spread is at its widest at that account type’s maximum leverage; the desk commission is at its tightest there, because the keener books that charge one are only open below it.
Compare all account types →JP225 is modelled at 19.0% annualised. Position sizing should account for the fact that one standard lot moves 100.00 JPY per pip.