FXI FX Indices

Trading FX Indices with FXTM

Choose from 6 different FX indices

An FX index measures the strength of a particular currency against a collection of 5 or 6 major FX pairs that include that currency. For example, the USD Index uses groups the NZDUSD, USDCAD, GBPUSD, USDCHF, AUDUSD and EURUSD pairs together to measure the strength of the US Dollar’s price.

Key benefits of trading FX Indices:

  • Spread your risk without depending on the strength of a single pair.
  • The forex market is open 24/5, so trade in any hour, night or day, during the week.
  • Available on all trading accounts and on all trading platforms.

Why trade FX indices with FXTM?

Typically zero spreads on major FX Pairs

Limit your exposure to risk

Trade the trend of a group of currencies, without the need to open multiple positions on individual pairs.

Globally regulated & licensed

24-hour support

Get help with your trading account around the clock, Monday to Friday.

Ultimate transparency

Available on all our account types

Access FX indices on both MT4 and MT5 with the account that has the lowest trading costs - Advantage.

Secure & Safe

Fast account opening

Open your trading account in just a few minutes and start trading FX indices right away.

What is FX indices trading?

An FX index is composed of 5 or 6 major pairs, and measures the strength of a particular currency against a collection of other major FX pairs.

The strength of the index is directly related to the price movements of these currency pairs. When that currency rises in price compared to the other currencies, the value of the index increases.

Currency values can be affected by many different factors that impact the health of a nation's economy, including inflation, interest rates, government debt levels and political stability.

Forex and FX indices investors often find the greatest volatility before and after key economic or political announcements as markets react to their potential impact.

Browse through our library for more insights

FREQUENTLY ASKED QUESTIONS

Indices are a measure of the price performance of a group of shares traded on a stock market. Indices are a very liquid market to trade, and because they have more trading hours than most other markets, you may have greater exposure to prospective possibilities.

Contracts for Difference, or CFDs, are the most common way to trade indexes. These financial instruments enable traders to benefit from both dropping and increasing prices; establish a short (sell) position if you believe the index will fall; and open a long (buy) position if you believe the index will climb.

The foreign exchange market is very volatile, with currency pairings fluctuating more than stocks and indices. Indices are intermediates between forex and stocks. They're a great alternative for day trading.

Indices are a very liquid market to trade, and because they have more trading hours than most other markets, you may have greater exposure to prospective possibilities. Start trading indices with FXTM today.

Currency indices measure changes in currency value. They do this by watching the exchange rates of the currencies with high levels of market liquidity. The most popular and often traded currency index is the US Dollar index.

Indices are used to assess market sector movement and performance, and are a popular way for traders to diversify their portfolios. Indices are also a convenient way to trade several instruments at once with a single click.

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