DAX - Trading broker on the DAX 40 index - 2024 statement

DAX FOREX broker - Trading on the German index is one of the most popular ways to trade on Forex platforms today. It is not surprising because in recent years you can clearly see a decline in volatility on currency instruments, while stock indices are experiencing a second (or rather another) youth. Dynamic movements and relatively low transaction costs effectively encourage retailers to speculate on DAX.

DAX broker - 2023 statement

List of offers 2024

End	Poland	Australia, Cyprus, Mauritius	Cyprus, UK, Australia, Seychelles	Denmark	Australia, Cyprus, Seychelles, St. Vincent and the Grenadines	UK, Cyprus	Cyprus
Platform	xStation	MT 4/5, cTrader	eToro	MT4, the proprietary application	MT4, MT5, cTrader, Trading View	MT4 / 5	MT4, cTrader
Min. Deposit	PLN 0 (recommended minimum PLN 2000)	200$	100$	PLN 0	100$	PLN 100	EUR 100, PLN 400
DAX symbol	DE40	DE40	GER40	Germany 40 (GER40.l)	GER40	DE40	DAX_stp, DAX_ecn
Min. Spread	from 0.8 pips	0.5 pips	0.2 pips	from 0.9 pips	from 0.8 pips	from 0.2 pips	from 0.6 pips
* Average spread	1.0 pips	0.8 pips	0.2 pips	1.0 pips	0.8 pips	0.4 pips	1.2 pips (STP), 0.8 pips (ECN)
Commission	NEVER	NEVER	YES	NEVER	NEVER	NEVER	NEVER
The type of volume	flights	contracts	contracts	flights	flights	contracts	flights
Min. Volume	0.01	1.0	0.01	0.01	0.01	0.01	0.01
1.0 pip value for 1.0 volume	25 EUR	1 EUR	bd	25 EUR	1 EUR	1 EUR	1 EUR
*** Collateral - retail client	5% = 18 750 EUR	0,5% = 75 EUR	bd	5% = 18 750 EUR	1% = 150 EUR	5% = 500 EUR	5% = 18 750 EUR
*** Security - professional client	0,5% = 1875 EUR	-	bd	-	-	1% = 100 EUR	0,5% = 1875 EUR
Trading hours	02:00 - 22:00	00:00 - 23:00	01:30 - 22:00	02:00 - 22:00	00:00 - 23:00	00:00 - 23:00	00:00 - 23:00
Deposit for hedge	1,3%	0%	-	b / d	b / d	0%	0%
CREATE AN ACCOUNT	DEMO	DEMO	DEMO	DEMO	DEMO	DEMO	DEMO
	REAL	REAL	REAL	REAL	REAL	REAL	REAL

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. From 68% to 89% of retail investor accounts record monetary losses as a result of trading CFDs. Think about whether you understand how CFDs work and whether you can afford the high risk of losing your money.

1. *Average value. Spreads are examined on real accounts using indicators or are based on data provided by brokers.
2. ** Total commission and minimum spread.
3. *** Collateral for a 1.0 lot / contract volume for a DAX 15 points course

Fees and spreads from the table NEVER  include Forex Club discounts.

DAX broker and CFD trading

Forex brokers usually have a derivative available (contract for exchange differences - CFD) based on the DAX index, which has its own specification and symbol determined individually. The CFD instrument itself does not have top-down standardization, which makes the DAX offered in IC Markets may have different trading hours and even different parameters than e.g. XTB. Therefore, it is necessary to know the specifications of financial instruments or use a demo account before trading.

DAX margin

As it results from the data presented in the table, the margin required to conclude transactions on the DAX index depends primarily on two factors:

1. the required level of collateral by the broker (so-called margin), i.e. the amount of financial leverage,
2. current DAX course.

The higher the leverage, the lower the level of deposit required. For brokers from the European Union, such as Tickmill or FxPro, the standard is a leverage of 1:20, i.e. 5% security. The higher the index is, the more collateral increases. For these brokers, at a rate of 10 points, a security of EUR 000 (500% of 5) will be required. However, if the rate soars up to 10 points, then the collateral will be twice as high (similarly if the rate drops to 000 points).

Higher leverage for the experienced

For people who already have more experience, it is possible to raise the leverage when changing the status of the client to professional or experienced. It is enough to meet certain requirements, which we describe in separate articles:

• Professional client - details
• Experienced customer - details

DAX index - what is it?

(DAXDeutscher Aktienindex) is the most important stock index on the German stock exchange Deutsche Boerse. It consists of 40 largest companies in terms of capitalization and turnover. Until September 20, 2021, the index included 30 companies, however after the Wirecard scandal, it was decided to expand it. Most of the DAX40 companies are world leaders in selected industries, incl. Bayer (drug manufacturer), Allianz (insurance), Basf (chemicals), BMW, Volkswagen, Daimler (automotive), SAP (software), Adidas (sportswear). The first quotations took place on July 1, 1988 from the level of 1163,52 points.

The German index is based on the electronic XETRA system and is an index result index (from performanceindex), i.e. taking into account both share prices and capital growth through the payment of dividends. I give each company a weight appropriate to its size. It is important that only shares traded on the stock exchange are taken into account. free float).

DAX Chart - Current quotes