Global forex broker Admiral Markets is announcing the addition of a new instrument, the Polish Index Futures CFD – WIG20 (WSE:WIG20)– effective from now onwards.
This new CFD is based on the capitalization-weighted market index of the 20 largest companies traded on the Warsaw Stock Exchange.
As with trading on any index with Admiral Markets, no additional commission will be charged, only the spread. Even no swap will be charged with WIG20, the revenues for the broker are factored into the spread, which is averaging 2.2 points.
Because of its underlying future, the new WIG20 CFD will expire on a quarterly basis, so a trader could hold an open position for a duration of up to three months.
Regarding the new index addition, Admiral Markets’ Country Manager for Poland, Adam Narczewski, stated:
I am very excited that after introducing the PLN crosses to the Admiral Markets offer just a couple of months ago, we are able to inform our clients, that after a couple of years, the WIG20 CFD has returned to Admiral Markets! It’s a strong return with very attractive trading conditions.
Our traders, not just those in Poland, were waiting for this instrument for a long time. In our opinion, the WIG20 CFD can be one of the most popular Central and Eastern European indices, which can generate a considerable amount of volume. I’d also like to emphasize that clients who will decide to trade on the WIG20 CFD, will fall under the Negative Balance Protection Policy.
The Polish index CFD is available for trading in Admiral Markets’ main account type Admiral.Markets, and can be traded on both a demo and real/live account.