Authorised and regulated by the Financial Services Authority
Below are frequently asked questions about Blue Index Limited.
All you need to do is complete an application form and an Intermediate Customer Notice form, either online or in hard copy format, the original being required to be signed and sent to us. In order to open your account you will need to deposit an initial £2,000 or equivalent and we shall then send you your logon details and account number. At the present time Blue Index does not allow its customers to open a credit account nor does it offer any type of credit facility.
topBlue Index provides extremely tight spreads, the ability to roll trades on around 1100 stocks and indices at very competitive rates. The service is open round the clock, offering dealing in a range of markets, with extended hours trading offered on selected products. This is coupled with our award-winning software providing instant execution, online BackOffice, news and technical analysis as well as our team of professional dealers that are available to give advice, monitoring, order flows and support.
topBlue Index will endeavour to contact its clients for more margin when the need arises, however, it is always the responsibility of the client to make sure they have enough free equity to hold their open positions. Should a clients position prove untenable then liquidation or stop loss orders may be placed on the account to close positions automatically.
topBlue Index has dealing relationships with several major global banks and market makers, and access to electronic dealing systems providing us with constant real-time interbank prices in all traded currencies. Index, stock and sector prices are based on Blue Index CFD prices.
topYou will have your own personal experienced broker at Blue Index who will be available to give you as much or as little advice as you need. We can also monitor your positions and execute limit and stop orders or simply give you a call at levels or news within the markets when you require.
topYou place an order for a CFD as you would for an ordinary share purchase. As all trades are settled for cash, no order will be accepted unless there are sufficient cleared funds on your account. These orders can be place over the phone or online through our online trading platform.
topOpening an account with blue index is quick and easy. We will do as much of the work as possible to make the account opening process simple. Prior to issuing account opening documentation, Blue Index is required by the rules of the FSA to establish initial information regarding a prospective client. CFDs are only available to experienced investors. The nature of the risks are too high for inexperienced investors as their knowledge and understanding of leverage is limited. Experienced investors will be registered as intermediate customers under FSA classification. As an intermediate customer you waive the protections provided for private customers and you must sign and send to Blue Index a copy of the intermediate customer notice which Blue Index will send you. Once your account is approved you will be issued with a unique account number. You can then fund your account by sending a cheque or transferring the money direct into your trading account.
topIf you are a frequent trader we would be delighted to discuss a range of incentives that we offer and ways that we can save you money on your current trading. For further information please call one of our senior traders on +44 (0)20 7398 2553
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