Source: https://whitepips.com/symbols/fra40 Summary: FRA40 (France 40) point value: €1.00 per point on 1.00 lot, €0.10 on 0.10, €0.01 on 0.01; lot size for 1% risk, no commission and leverage by plan. Last updated: 2026-10-28 # FRA40 point value, lot size and commission France 40 on MetaTrader 5: what one point is worth, how many lots to trade for the risk you choose, the commission on each plan and the rules that apply. - **€1.00** one point on 1.00 lot - **1** contract size - **Free** no commission Contract specification - **Symbol**: FRA40 on MetaTrader 5 - **Market**: Indices CFD - **Contract size**: 1 × the index, in EUR, per lot - **Price step (point)**: 0.01 - **Index point**: a 1.00 move in the index - **Commission**: Free on every plan - **Margin, 1.00 lot**: $86.80 at 1:100, $347 at 1:25, at the example price 8,000 Contract sizes on these CFDs vary between MetaTrader 5 servers. Check the symbol in your terminal (right-click it in Market Watch, then Specification) and enter that size in the trading calculator. Point value One point on 1.00 lot **€1.00** 0.10 lot **€0.10** 0.01 lot **€0.01** 1.00 lot, in US dollars **$1.09** Commission **Free** ## What FRA40 is ### France 40 **FRA40** tracks France's CAC 40: 40 of the largest companies listed on Euronext Paris. It is a cash index CFD, following the index itself rather than a dated futures contract. ### When it trades The stocks behind it trade from 9:00 AM to 5:30 PM Central European time. The CFD's own session on the MT5 server can run longer; its hours are under Specification, Sessions. ## FRA40 point value, step by step Value of one point = 1.00 × contract size × lots, converted from EUR ### One index point FRA40 is quoted to two decimals; a move of 1.00 is one index point, and traders size index trades in points. ### Multiply by the contract With a contract of 1, one point on 1.00 lot is EUR 1; on 0.10 lot a tenth of it. ### Convert to dollars FRA40 is quoted in EUR, so a point on 1.00 lot is €1.00, about $1.09 at the example exchange rate. ### FRA40: one point and common moves, by lot size 1.00 lot **€1.00** (per point) 0.10 lot **€0.10** (per point) 0.01 lot **€0.01** (per point) 40 points on 1.00 lot **€40.00** (about $43.40; the stop below) Worked example ### Risking 1% of $100,000 with a 40-point stop A 40-point stop that risks $1,000 needs $25.00 a point, about €23.04. One lot on a contract of 1 is €1.00 a point, so that is **23.04 lots**, rounded down to the 0.01 lot step. A server with a larger contract size needs proportionally fewer lots: divide by its contract size. The $1,000 is a quarter of the $4,000 Max Daily Loss on a $100K Edge 1 Step, so four such losses in one day would reach it. Example price 8,000: a round figure for the arithmetic, not a quote. Money at risk **$1,000** (1% of $100,000) Loss per lot at the stop **$43.40** (40 points) Lot size **23.04 lots** (rounded down to 0.01) Commission **Free** (no commission on indices) Position value **$199,987** (at the example price 8,000) Share of Max. Exposure **16%** (of $1,250,000 on a $100K account) ### Commission, leverage and margin on every CFD plan Commission is round turn: half when the trade opens, half when it closes, the same in the evaluation and once funded. Margin is the position value divided by the plan's leverage ceiling, for 1.00 lot at the example price of 8,000 ($8,680 of FRA40); the margin MetaTrader 5 shows when you place the order is the one that applies. | Plan | Commission | Per side | Leverage | Margin, 1.00 lot | | --- | --- | --- | --- | --- | | Edge 1 Step | Free | Free | 1:100 | $86.80 | | Edge 2 Step | Free | Free | 1:100 | $86.80 | | Instant Pro | Free | Free | 1:33 | $263 | | Instant Go | Free | Free | 1:25 | $347 | | Prime 1 Step | Free | Free | 1:50 | $174 | | Prime 2 Step | Free | Free | 1:100 | $86.80 | For education. Figures are arithmetic on the contract specification and an example price; the specification, price, spread and commission on your platform decide real results. Nothing here is financial advice, and trading leveraged products can lose money. [Open the trading calculator](https://whitepips.com/calculator#trading-lot) Type your own price, balance, risk and stop; the calculator is the one inside the WhitePips dashboard. ## Rules that apply when you trade FRA40 ### Max. Exposure Every open position counts at its full value against a cap set by account size: $1,250,000 on $100K. At the example price one lot of FRA40 is $8,680, so about **144.00 lots** fill the whole cap with nothing else open. Going over is a warning, and resets any profit to the starting balance; a second closes the account. [The rule](https://whitepips.com/rules#rule-cfd-max-exposure) ### News trading Allowed on every CFD plan. Not allowed: straddling, opening both directions (or offsetting positions on correlated instruments) within 15 minutes either side of a Red or Amber release to catch the spike. It is reviewed by the risk desk, never penalised automatically. [ECB rate decision](https://whitepips.com/economic-calendar/ecb-rate-decision) [Eurozone CPI](https://whitepips.com/economic-calendar/eurozone-cpi) [Economic calendar](https://whitepips.com/economic-calendar) ### Weekend holding With the Weekend Holding add-on, keep FRA40 open over the weekend. Without it, positions still open at 4:45 PM New York time on Friday are closed by the system: the first time is a warning, the second closes the account. [The rule](https://whitepips.com/rules#rule-cfd-weekend-holding) ### The thin-liquidity window At most 20% of your profit may come from trades opened and closed between 21:00:00 and 22:59:59 UTC, every night, on every instrument. While it is over, payouts on that account are paused; once profit from outside the window brings the share back inside the limit, they open again by themselves. Overnight holding is allowed; swaps count like any other cost. [The rule](https://whitepips.com/rules#rule-cfd-liquidity-abuse) ## FRA40: questions **What is the point value of FRA40?** €1.00 per point on 1.00 lot (about $1.09 at the example rate), €0.10 on 0.10 lot and €0.01 on 0.01 lot. One point is a 1.00 move in the index, on a contract of 1. **What lot size should I trade on FRA40 with a $100K account?** Risking 1% ($1,000) with a stop of 40 points: $1,000 ÷ $43.40 per lot = 23.04 lots. Halve the risk and the lots halve with it. The stop decides the size, not the account. **What is the commission on FRA40 at WhitePips?** FRA40 has no commission on any WhitePips plan: index CFDs are free. **What leverage can I use on FRA40?** The plan's leverage ceiling: 1:100 on Edge 1 Step, 1:100 on Edge 2 Step, 1:33 on Instant Pro, 1:25 on Instant Go, 1:50 on Prime 1 Step, 1:100 on Prime 2 Step. One lot at 8,000 is $8,680, so it holds $86.80 of margin at 1:100 and $347.20 at 1:25. In practice Max. Exposure sizes positions first: about 144.00 lots of FRA40 on a $100K account. **Can I trade FRA40 around news at WhitePips?** Yes, on every CFD plan. What is not allowed is straddling: positions in both directions, or offsetting positions on correlated instruments, within 15 minutes either side of a Red or Amber release to catch the spike. The risk desk reviews it; it is never penalised automatically. ## More indices symbols [**US500** (US 500)](https://whitepips.com/symbols/us500) [**NAS100** (US Tech 100)](https://whitepips.com/symbols/nas100) [**US30** (US 30)](https://whitepips.com/symbols/us30) [**EU50** (Europe 50)](https://whitepips.com/symbols/eu50) [**ITA40** (Italy 40)](https://whitepips.com/symbols/ita40) [**SPA35** (Spain 35)](https://whitepips.com/symbols/spa35) [All 104 symbols and their commission](https://whitepips.com/symbols#sym-indices) ## Put the numbers to work Every plan, size and price, with the rules printed before you buy. No time limit on any evaluation. 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