CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Currency Index CFDs

Currency indices are a key tool for forex traders. They measure direct changes in the value of a currency against a basket of other currencies. This differs from a typical currency pair which only involves two currencies. For example, the US dollar index measures the value of the US dollar against a basket of currencies, including the euro, yen, pound sterling, Canadian dollar, Swiss franc, and Swedish krona.

Traders can use currency index CFDs to potentially find new trading opportunities beyond the usual currency pairs.

Symbol Description Min Spread Avg Spread
EURX Euro Currency Index 2.00 2.00
JPYX Japanese Yen Currency Index 0.90 1.00
USDX US Dollar Index 6.00 6.00

FAQs

*All spreads are generated from data between 01/02/2024 and 29/02/2024