CFD quotation and account base currency question

Hey guys I got a question regarding indices and cfds.

Indices are quoted in points rather than in a currency.

Lets assume person A opens an account with 1000€ and person B opens an account with 1000$.


Both buy 1cfd contract which has the DOW as underlying. Will the € position be converted into $ first or will they bot gain and loose the same % of their balance if the Dow moves? Is a cfd position on indices hedged against currency volatility?

Opposed to that Crude Oil is quoted in Dollar and if you speculate with it you always have to consider the EUR/USD movement.

Yes I know this place is called Forexfactory but I assume that a lot of people know the answer of what I am asking.

As far as I know, both CFD and commodities are quoted in USD (at least in MetaTrader), so the prices and profit/loss will have to be converted to your account currency using current rates.

EDIT: Sorry, did not notice that you are asking about indices. If you are using MT4/5, mouse over the Symbol you want to trade in Market Watch window and you will see its quote currency in tooltip (for indices).

CFDs are Contracts for difference.
When you close the position, the difference is either profit or loss. That is the time when your $ P/L is converted to Euros.
Some brokers close CFD positions every day and open new position at the same price. In that case your profit/Loss will be calculated and converted on a daily basis.

A 1000 Euro Acc and a $1000 dollar account will gain or lose the same $ amount for 1 contract on the Dow, but not the same % unless they have parity. The Euro value of 1 contract is only considered for margin requirements.