Everything You Need To Know

• Download the iVestor app (available on iOS and Android)
• Launch the app.
• Once you are directed to the welcome screen, create your account in a few easy steps. You will need your Emirates ID on hand if you are a UAE resident, or a passport if you are not a resident.
• You are in! Explore the app while you wait for your card to be delivered in 4-5 business days within UAE and 15 business days internationally.

• Download the iVestor app (available on iOS and Android)
• Launch the app
• Login with your DFM account credentials
• Forgot your password? Tap “forgot password” and follow the steps to login.

• Login to your iVestor app, and click the card tab
• Provide the last 4 digits of card number and expiry date

• Land line: 043055555
• Select option 3
• Select option 1
• Enter your 16 digit card number

• Active UAE mobile number
• Email ID
• Valid Emirates ID
• Current Address in the UAE

• Active country of residence mobile number
• Email ID
• Valid passport
• Address

Yes, the iVestor card is also a cash card. You can withdraw from the credit balance on your iVestor card from any VISA or PLUS marked ATMs* worldwide. The respective forex rates apply.

• Navigate to account settings
• Tap on account
• Tap on password
• Create your password

Currently this is not available.

• As a first step, if you are over 18 years of age you can open a trading equity and futures account on iVestor app with our partnered brokers.
• Next, make sure your trading fund account has a cash balance for the margin requirement for trading DFM futures contracts. For example, the DFMGI future this is 5% for each contract.
• Place an order on the app to either buy or sell the equity Futures contract. The order will be sent to the DFM derivatives market via a partnered broker and executed if a matching price is available. The trade will be registered for clearing and settlement with Dubai Clear.
• Any profit or loss made due to a change in the market price of the Futures contract is settled after the closing on a daily basis as Realized PL.
• Once a position is closed, any Initial Margins related to this position, after any profit or loss, will be released and added/ deducted to/ from your trading fund account.
• For investors holding the contract to expiry date, the contract will be automatically closed and settled by Dubai Clear with the final settlement price.

• Leverage – Magnification of the effect of the capital can lead to significant losses, considerably more than the movement of the underlying asset.
• Close out – Any open contracts are automatically closed on the expiration day by the clearing house at the Final Settlement Price.
• Margin calls – Your broker may make margin calls during the term of the future, which require immediate cash settlement. Any failure to meet this margin call may result in liquidation of your positions with or without your consent.
• Dividend uncertainty– Holders of Futures contracts do not receive any ordinary dividends paid by the company on underlying shares. Investors must also consider that expected dividends declared and factored into Futures prices are not certain and this may affect the profit or loss made by investors on their Futures trading.

• Long (Buy): Entering a position to benefit from an increase in the price of the underlying asset.
• Short (Sell): Entering a position to benefit from a decrease in the price of the underlying asset, often without owning it.
• Note: For an existing long or short position the short or long action will partially close the position if you execute it with the same broker. However, if you are long with one broker, you can open a short position for the same symbol with another broker.

Equity Futures contracts have a 3-month trading cycle: the near month (one), the next month (two), and the far month (three).

New contracts are introduced on the second Thursday of the near month. Each contract expires on the third Thursday of its expiry month, and a new three months contract would be introduced a week earlier of its expiry date. By this way, before the expiry day of each contract, there will be 4 contracts available for trading in the market for one week.

For example, if a new future contract listed on October 08, 2020, there would be three contracts: The first contract expires on November 19th, 2020, the second contract expires on December 17,2020, while the third contract expires on January 21 2021. On 12 November 2020, a new contract would be introduced to be expired on the 3rd Thursday of February 2021. Accordingly, there will be four contracts available for trading during the week preceding the expiry date of near month contract.

All Equity Futures Contracts are cash settled on a daily basis for the profit or loss calculated based on the Daily Settlement Price which is specified in the contract specification of the product. The daily settlement price will become the adjusted cost price of the contracts.

On the expiry day of the contract all open positions are expired/closed and positions are settled for the profit and loss using the Final Settlement price on the expiry day, which will be the closing price of the underlying stock or index.

In single stock futures trading, buyers and sellers agree to the terms of the contract, including the price, quantity, and expiration date. Currently these contracts are settled through cash settlement, where the final price of the contract is exchanged for cash.

The settlement process involves the exchange of cash instead of physical delivery of the underlying shares. When the contract reaches its expiration date, the final price of the futures contract is determined based on the prevailing market price of the underlying stock. In cash settlement, there is no physical delivery of the underlying shares.

Instead, the settlement is achieved through the payment of cash differentials based on the price movement of the underlying asset. The futures price is determined by the current price of the underlying stock, adjusted for factors such as dividends, interest rates, and market expectations.

Underlying Index
DFM General Index (DFMGI)

Currency of Trading
AED (UAE Dirham)

Contract Type
Futures

Contract Size
10

Contract Value
DFMGI Futures price x Contract size Example: (3500 x 10 = 35,000)

Contract Series
3 consecutive months contracts. Example: June 2023, July 2023, and August 2023.

Tick Size
0.50

Tick Value
Contract Size x Tick size - AED 5

Safeguards (daily price limits)
5% up and down from previous closing price. Market would have the discretion to increase or decrease the price limits pending market circumstances, if there is significant change in the underlying DFMGI index.

Settlement Type
Cash Settlement

Daily Settlement Price
Theoretical Futures Price of Underlying Index, Calculated In accordance with the Clearing, Settlement and Risk Management Procedures for Derivatives

Final Cash Settlement Price
FCSP is based on the closing price of the underlying Index on Last Trading Day

Expiry Day (Last Trading Day)
3rd Thursday of the expiry month. In the event of the 3rd Thursday not being a Business Day, the Last Trading Day shall normally be the Business Day prior the 3rd Thursday.

Trading Days
Exchange Business Days

Settlement Day
T+1 (Business Day following the Trading Day)

Settlement Currency
AED (UAE Dirham)

Listing of New Contract Series
2nd Thursday of the expiry month i.e., Thursday prior to Expiry Day

Trading Hours
Monday- Friday, 10:00 - 15:00 (UAE Time). Please refer to Trading Manual for further details on trading sessions

Max Order Size (In Value)
AED 20 million

Direct Deals (No of Lots)
300

Position Limit
Higher of 10,000 lots or 30% of the total open interest in the market. For further details refer Dubai Clear circular

Initial Margin Rate
Minimum 5% and adjusted from time to time as per Dubai Clear Risk Management procedures

Matching Engine Board
DFMGI Futures will be listed on DFM Futures AED board (602)

Contract (lot) size represents the minimum number of units of the underlying Equities or index you buy or sell when 1 contract of Futures is bought or sold.

For example, if the product specification of Single Stock Future says that the Contract size is 100 then it means when 1 contract is bought or sold, it is equivalent of buying or selling 100 shares of that underlying.

By taking Long or Short position in a future contract, the investor needs to deposit a minimum amount of acceptable collateral as an Initial Margin with the member. Initial Margin rates for DFMGI Futures is 5% as prescribed by Dubai Clear. However, members have the right to ask for a higher Initial Margin depending on the risk profile of the client. When the client closes the position (sell to close Long position and buy to close short position), the balance of the Initial Margin is released.

Example:
On September 1, 2026, an investor buys a 1 contract of DFMGI Futures at a price of AED 3,500 September 2026 expiry.
Contract Size is 10 and Initial Margin is 5% per contract.
Expiry day of the contract will be 17 September 2026
The contract value is AED 35,000 (1 * 3,500 * 10)
The investor pays only AED 1,750 as Initial Margin (35,000*5%).

• Investors must understand that investment in Futures has an element of risk and is generally not an appropriate avenue for someone of limited resources (limited investment), limited trading experience, and low risk tolerance.
• An investor should therefore carefully consider whether such trading is suitable for him or her in the light of his or her financial position.
• An investor must accept that there can be no guarantee of profits or no exception from losses while executing orders for purchase and / or sale of Future contracts, Investors who trade in Futures at the Exchange are advised to carefully read the Risk Disclosure Document and the details contained therein.
• The investor must read this document, understand the implications, and sign it. The document clearly states the risks associated with trading in Equity Futures and advises investors to exercise the utmost caution before entering into the market.

• Market Orders: Executed at current market price.
• Limit Orders: Executed at a specific price you set.

• Likely due to missing or expired documents. Contact support@xcube.ae.
• If your xCube account has been upgraded to a margin account, trading through iVestor is currently restricted.

• Open orders
• Order history
• Transaction statements for your Trading Fund account

• Trading Fund Account
• iVestor card balance
• Securities portfolio
• Saving goals
• IPO subscriptions

Apple Pay, is a mobile contactless payment solution that enables customers to make in-store, in apps, and on the web purchases with select Apple devices. You can use Apple Pay everywhere contactless payments are accepted.

In stores, you can use Apple Pay on your iPhone or Apple Watch. Within apps, you can use Apple Pay on your iPhone, iPad, and Apple Watch. Within websites in Safari, you can use Apple Pay on your iPhone, iPad, and Mac.

1. To pay with Face ID, double-click the side button, glance at your screen, then hold your iPhone near the card reader, with your finger on Touch ID.
2. To pay with your Apple Watch, double-click the side button and hold your Apple Watch up to the card reader.

1. Open the Apple Wallet app on your iPhone, touch and hold down on your iVestor card to drag it to the front of your cards.
2. Open settings on your iPhone and tap ‘Wallet & Apple Pay”, Go to “Transaction Defaults” and tap on ‘Default card, the change will be notified with a tick sign.

• In the Wallet app, tap the card that you want to remove.
• Tap the More button , then tap Card Details .
• Scroll down and tap Remove Card.

• On your Apple Watch, tap the Wallet app.
• Tap the card that you want to remove.
• Scroll down and tap Remove.