Shares CFDs

Juno Markets has partnered with Nasdaq to introduce US shares through
CFDs. Trade the world’s largest companies such as Google,
Apple, and Amazon.

Shares CFDs

Juno Markets has partnered with Nasdaq to introduce US shares through CFDs. Trade the world’s largest companies such as Google, Apple, and Amazon.

Key Features
  • $0 commission trading

  • 20 of the world’s most recognizable companies

  • Gain direct market access with real time quotes from Nasdaq
  • No restrictions on short selling

Did you know?

The key difference between trading a CFD long and buying a security is due to the leverage that is employed. Contracts for difference are traded on margin which means that there is no need to tie up the full market value of purchasing the equivalent stock position.

Key Features
  • $0 commission trading

  • 20 of the world’s most recognizable companies
  • Gain direct market access with real time quotes from Nasdaq

  • No restrictions on short selling

Did you know?

The key difference between trading a CFD long and buying a security is due to the leverage that is employed. Contracts for difference are traded on margin which means that there is no need to tie up the full market value of purchasing the equivalent stock position.

Juno Markets offers trading on 20 of the largest companies by market capitalization with zero commission charged.
Please note that shares CFDs are only available on ECN accounts.
The following contracts are currently offered:

Symbol Name Company Name
AAPL Apple Inc
ADBE Adobe Inc
AMZN Amazon.com
BABA Alibaba Group
BAC Bank of America Corporation
CRM Salesforce Com Inc
View Whole table

Trading Hours

US Shares CFDs follows similar trading hours as the US stock market. Trading is available from 9:35AM EST to 4:55PM EST.

Contract Size

The minimum trade size is 1 contract, equivalent to one share of the underlying stock. Partial shares cannot be traded. 1 contract is equivalent to 1 lot on the MT4 platform.

Margin Requirements and Stopout Levels

Leverage for all Shares CFDs is 20:1 or 5% margin requirement.
Example: Buy 10 contracts of APPL @ $110/contract = $1,100 total value
Margin requirement = $1,100 * 0.05 = $55

Margin call occurs when a client’s Free Margin reaches zero. A stopout occurs when a client’s equity reaches 50% of the accont’s margin requirement. In the case of a stopout, the open position with the largest floating loss will be closed first.

Finance Charges

Since shares CFDs are traded on margin (ie. borrowed money from Juno Markets), financing charges will apply. Positions held open after the close of market will incur a financing charge based on the overnight Fed Rate. Please refer to your MT4 platform for the most up to date rates.

Corporate Actions

Corporate actions are events that affect the underlying value of a stock. These include dividend payouts, stock splits and share buy backs. By holding a share CFD contract, your position also reflects the corporate action taken by the underlying stock. These corporate actions will take place during market close.

Dividends- Dividend payouts will reflect as a deposit credit to the client’s account as long as a position is held open on the effective date. Alternatively, a debit is taken out of the account if a short sell position is held open on the stock.

Stock splits- Stock splits occur when the company decides to increase the number of shares in the company by splitting existing shares on a predetermined ratio. In the case where a company splits shares of its stock, the open contract will reflect the new number of contracts open along with the new price. Please note that in the case of a stock split, a new position will be opened on the client’s account displaying a new symbol name along with a new number of shares and open price.

Stock buybacks- Buybacks are essentially the opposite of splits whereas the number of shares of an underlying stock are reduced. In the case of a buyback, the open contract will reflect the new number of contracts along with the new open price. Please note that in the case of a stock buyback, a new position will be opened on the client’s account displaying a new symbol name along with a new number of shares and open price.

What’s the Difference Between Trading Shares CFDs and Owning Shares?
  1. CFDs allow you to trade on margin (you don’t need to pay 100% upfront and in most cases allow you to control much bigger positions with a fraction) CFDs replicate all the financial benefits of share ownership bar voting rights. Dividends and rights issues are replicated by crediting the account as if each CFD were an actual share.
  2. Because of leverage, a smaller initial capital is required to start trading CFDs versus stocks.
  3. Unlike stocks which have a 3 day settlement period, CFDs are settled as soon as you open or close a position.
  4. CFDs offer the ability to go short with no restrictions which allows you to take advantage of an overvalued stock.
  5. Many traditional stock brokers only offer delayed price quotes unless you are a professional trader or pay for a premium data feed. With CFDs, clients can trade on live prices without waiting on the execution of orders and with direct market access.
  6. CFDs also allow traders to take advantage of strategies such as hedging their existing share portfolio.
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