NAS100, US30 and US500: product and value per point

The essentials

Commercial index names are not universal contracts. A broker may offer cash or futures-linked CFDs with different expiry, funding and adjustments. Read each symbol's point value and minimum size.

Understand the mechanism, not just the definition

An index is a reference while the traded product may be a cash CFD, futures-related derivative or another structure. An abbreviation does not establish monetary point value. Check contract, multiplier, currency, sessions and adjustments. Identical volume does not ensure identical exposure or margin.

Example and verification

Hypothetical example: ten points at USD 0.50 per point produce USD 5 gross before costs. At USD 5 per point, they produce USD 50. Matching names and chart moves do not imply matching money results.

Worked case, step by step

Two hypothetical contracts move 20 points. At the chosen volume A represents USD 1 per point, giving USD 20 gross, while B represents USD 0.10, giving USD 2. Multiplier and volume explain the difference, not a chart moving more. Use your specifications and check dividend and funding adjustments.

What to verify when applying this

Compare underlying product, multiplier, currency, sessions and adjustments. Do not mix cash indices and futures in a spread table. Request your entity's server and account specification.

Practice: verify it in your environment

Learn by observing the process and keeping its data. Complete this practice in demo or using documentation, without sending real orders or adding capital for the exercise. Record differences between the example and your account specifications.

1. Record each symbol separately and distinguish cash and futures-related products.
2. Monetize the same move in each contract before comparing costs.

Test your understanding

Try the question before revealing the answer. Justify the conclusion and its assumptions rather than memorizing a number.