Question 1

How is JPN225 different from TOPIX or the broader Japanese market?

Accepted Answer

TOPIX covers every share in the Prime Market and weights members by market capitalisation, which produces a smoother index dominated by the largest companies by total value. JPN225 covers 225 selected names and weights them by share price, so a small group of high-quoted exporters and tech firms drives most of the daily move. Active traders generally follow JPN225 because its volatility, headline coverage, and tight derivative spreads suit short-term positioning.

Question 2

Does the LHFX JPN225 contract pay dividends?

Accepted Answer

Cash dividends do not land in your account, since you do not own the underlying shares. Instead a dividend adjustment is posted to open positions whenever a constituent goes ex-dividend, which keeps the contract economically aligned with the index. Most Japanese fiscal years end in March, so the heaviest cluster of adjustments falls in late March and again in late September, with smaller dates scattered through the year.

Question 3

Can I open a short position on JPN225 without borrowing stock?

Accepted Answer

Yes. A sell ticket on the JPN225 CFD opens a short position immediately, using the same 1:200 leverage cap and the same $3 per side commission as a buy. There is no stock loan to arrange, no borrow fee on the ticket itself, and no restriction on direction at the platform level. Overnight financing applies to short positions just as it does to longs, and the sign on the swap depends on prevailing interest rate differentials at the time.

Question 4

What is the smallest position I can take on JPN225 at LHFX?

Accepted Answer

MT5 lets you size down to 0.01 lots on the JPN225 symbol, which is the minimum the platform accepts. On a quote near 40,000 that opens a notional position of roughly JPY 4 million, with a margin requirement in the region of $20 at the maximum 1:200 leverage. That sizing makes the symbol practical for accounts in the low hundreds of dollars, although risk per trade should still be measured against account size rather than minimum margin.

Question 5

Why does the index sometimes move while Tokyo is closed?

Accepted Answer

The LHFX CFD continues pricing through European and US hours, where index futures and the USD/JPY pair are active. Federal Reserve statements, US CPI prints, Nvidia or TSMC earnings, and US Treasury auction results all move JPN225 outside Japanese cash hours because they reset expectations for the yen and for global tech demand. When Tokyo reopens, the cash basket typically gaps to catch up with where the CFD has been pricing through the night.

Question 6

How often does the constituent list of JPN225 change?

Accepted Answer

The Nikkei review committee runs a scheduled review each October, where it can add, remove, or rebalance members based on liquidity, sector representation, and TSE listing status. Beyond that, ad-hoc changes happen whenever a company is delisted, taken private, absorbed in a merger, or moved down to a lower listing tier. In a typical year between two and four constituents change, with the effective date announced about a month in advance.

top-constituents.table.ticker	top-constituents.table.company	top-constituents.table.sector
9983	top-constituents.9983.company	top-constituents.9983.sector
8035	top-constituents.8035.company	top-constituents.8035.sector
6857	top-constituents.6857.company	top-constituents.6857.sector
9984	top-constituents.9984.company	top-constituents.9984.sector
7203	top-constituents.7203.company	top-constituents.7203.sector
OTHERS	top-constituents.others.company	top-constituents.others.sector

compare.col.route	compare.col.capital	compare.col.leverage	compare.col.settlement	compare.col.suited-for
compare.jpn225-cfd.label	compare.jpn225-cfd.capital	compare.jpn225-cfd.leverage	compare.jpn225-cfd.settlement	compare.jpn225-cfd.suited-for
compare.osaka-futures.label	compare.osaka-futures.capital	compare.osaka-futures.leverage	compare.osaka-futures.settlement	compare.osaka-futures.suited-for
compare.nikkei-etf.label	compare.nikkei-etf.capital	compare.nikkei-etf.leverage	compare.nikkei-etf.settlement	compare.nikkei-etf.suited-for

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The short version

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What moves the price

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When JPN225 trades and when it moves

JPN225 CFD versus the alternatives

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Specific risks to plan for

Frequently Asked Questions

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