Trading Conditions

Market Execution
Market Execution
MT5Floating spreads
Minimum: 21.00Average: 21.50
Market Hours*Open Now
Market Hours*Open Now
Limit and Stop Level15
1 tick value per share0.01 USD
Minimum contract size0.01 share
Minimum Price Fluctuation0.01 USD
Minimum step for increasing contract size0.01 share
Margin requirements to open a lock position *0
Maximum Trade Size1000
Maximum exposure per share per account, USD100 000

* Only if Margin Level > 100%

The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.

How we execute Share CFDs

When you open a share CFD position with us, it will be aggregated and matched with other FxPro clients’ positions in the same market. Any excess exposure from our predefined in-house limits is hedged with our liquidity providers.

Minimum Trade size

The minimum trade size for Shares CFDs varies depending on the specific stock, with 1.0 lot being equal to 1 share.

Corporate Actions

Stock CFDs are not physical shares thus do not hold any voting rights. Price adjustments may be applied to eliminate the impact on clients’ trading accounts from a corporate action. Margin requirements may be subject to change before earnings announcements or any corporate action.


Swap rates are calculated based on the interbank rate of the underlying stock’s base currency plus/minus a mark-up (FxPro interest). For example, long positions will be charged with the relevant interbank rate plus the mark-up, while short positions will receive the relevant interbank rate minus the mark-up and borrow fee (depending on the short interest of the underlying stock).

Trading hours

Trading hours for shares are defined by the market hours of the relevant exchange. However, please note that FxPro shall delay market opening by 1 minute and close early by 1 minute to avoid the increased spreads witnessed during these times. Therefore the trading times are as follows:

UK/European Shares: 08:01-16:29
American Shares: 14:31 to 20:59
*UK time


Dividends If you hold an open position on shares or Indices at the start of the business day (Server Time 00:00), which coincides with the ex-date of the respective underlying asset, a dividend is paid (or charged in the case of short positions). For Buy positions, the payment will be net of any withholding tax implications.
Withholding taxes depend on the country where the stock is domiciled, and clients are responsible for reporting withholding taxes in their respective country of residence.

Here at FxPro, we’re delighted to offer our clients the opportunity to invest in Philip Morris International Inc, through our CFDs Product. This is an American tobacco company, one of the largest cigarette manufacturers in the world.

According to the official open sources, the company’s history began in 1847. Headquarters is located in Lausanne, Switzerland.

In 1924, the company began producing Marlboro cigarettes. In 1972, the Marlboro cigarette brand became the best-selling brand in the world. Until 2008, it was part of the Altria Group, and since March 28, 2008, it has become an independent company.

The most famous brands produced are Marlboro, Parliament, Bond, Chesterfield, L & M, Philip Morris, PRESIDENT, HEETS (tobacco sticks for smokeless tobacco heating IQOS).

72.7% of the company's shares are owned by institutional investors, the largest of which are Capital Group Companies, The Vanguard Group, BlackRock, State Street Corporation, T. Rowe Price.

In 2014, the company launched sales of the IQOS device, an electronic tobacco heating system using HeatControl technology.

In 2015, the company launched sales of Solaris e-cigarettes in Spain and Israel.

In September 2016, the construction of a tobacco stick factory in Bologna (Italy) was completed. The amount of investment in construction amounted to 500 million euros.

In 2018, the total amount of sticks sold for IQOS was 201.4 billion units worldwide.

Today this brand is listed on the NYSE and its name is firmly established in our life.

Philip Morris International Inc stock price is subject to the observations of many traders in the world. At the beginning of 2019, Philip Morris share price was 68,92 USD.

Among the reasons to keep a close eye to the CFDs on Philip Morris International Inc securities is the strong volatility that can be observed during the day-to-day trading sessions.

On this page, you can take a look at the Philip Morris International Inc share price chart to make your own responsible decision to buy or to sell it on the FxPro trading platforms.

In order to trade shares successfully, be sure to follow corporate reports and actual data that are regularly published on the major news portals.

Also, keep a close eye to the Dividend calendar at the FxPro official website. According to it, сlients, holding “Buy” positions on the ex-div date will receive a dividend in the form of a cash adjustment (deposit). Clients, holding “Sell” positions on the ex-div date will be charged the dividend amount in the form of a cash adjustment (withdrawal).