We found 11 online brokers that are appropriate for Trading Forex Index.
Many people have shared their success in spread betting or trading CFDs in their portfolios. To mitigate the risks, they have been building a solid investment portfolio with the various FX assets with dozens of Forex indices. The most popular Forex indices which you can find in your brokerage pages are the USD Index, GPB index, as well as EUR Index.
These indices are very important when trading FX pairs with the same base currency. Rather than trading each single pair by yourself, you could just get exposed to the multiple pairs in one single trade.
That is what Forex indices all about. You will not need to waste your time and effort to work around with the preferred currency pairs that you are trading. You will also be able to view the benchmark overview which indicates the current value of the particular global currency.
When it comes to the Forex indices, the choices are plenty. Depending on the brokerages you are joining with, there might be dozens of the Forex indices to choose from. Some of them are made up due to the same base currency. It is pretty much easy to comprehend the way the brokerage collects the pairs.
For instance, if you are following the USD Index, it is safe to know that this Index consists of the currency pairs with the US Dollar as the base currency. And so on… The margin rates may vary from one currency pair to another. You will want to grab this kind of detail in your trustworthy and reliable brokerages.
When it comes to the Forex indices, you will need to comprehend that it is totally different with trading single currencies pairs.
Forex Indices brings up benefits which you cannot see in the conventional Forex market. First things first, you will not need to conduct the single transaction for a single currency pair. Through the indices, you will be able to monitor one large area of the Forex market without having to test the water on each individual FX pair.
In a nutshell, it can help you to save a lot of time and effort. Forex indices are indeed cost-saving and time saving solutions for those who are interested in trading the FX pairs with one base currency.
Adding the indices in your investment portfolio is also a good thing. By adding one more element to your portfolio you will be able to mitigate the risks of losing from other asset classes that you’ve invested in.
It is also possible to put in different currency pairs, so, when one pair is not good because of a certain factor, the other pair will remain safe. If you have a balanced investment portfolio, you will be able to bear loss.
If you have been around the Forex markets, you surely know that currency movement is unpredictable. And when the moves are not favorable enough you will want to hedge them. In this case, Forex Indices can help you a lot with hedging. As you are able to view the bigger picture, it is much straightforward to conduct the spread.
If you are using Indices, do not hesitate to spread the risks. In this strategy, you will be able to reap the benefits of variable instruments rather than one single currency pair. But spreading the risks can also be risky. There are certain takeaways to consider. One should not neglect the volatility of Forex. For those who have smaller capital, leveraging might be your option. But in high volatility, trades make or break it.
As mentioned, you can hedge over the worse moves in the market. In some instances, there could be opportunities for you to make profit. You must be prepared with the possibilities of losing. It is important to have excellent risk management beforehand to ensure that you are walking on the right path.
You will need to consider making a Forex portfolio to make Forex indexes profitable for you. The indices in the brokerage will track prices of the currency pairs within the index. As previously mentioned, that will depend on the currency base you choose. So, when the price is increasing, the value will also be increasing. It works vice versa when the FX prices are decreasing. Then the value of the specific indices will also decrease.
We've collected thousands of datapoints and written a guide to help you find the best Forex Index for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best forex index below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Forex Index trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Forex Index.
Compare Forex Index min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are forex index. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more forex index that accept forex index clients
Broker |
eToro
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IC Markets
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XTB
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AvaTrade
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Roboforex
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FP Markets
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 1 | 100 | 1 | 100 | 200 | 100 | 5 |
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Used By | 17,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with etoro |
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Up with icmarkets |
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Up with avatrade |
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Up with roboforex |
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Up with fpmarkets |
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Up with trading212 |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% 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. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 | Your capital is at risk | Your capital is at risk |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
Roboforex Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | BE, BR, KP, NZ, TR, US, CA, SG | US, JP | US, JP, NZ | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY |
You can compare Forex Index ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Forex Index for 2021 article further below. You can see it now by clicking here
We have listed top Forex index below.