Trade CFDs on baskets of FX pairs with our range of 12 forex indices, including the CMC USD Index, the CMC GBP Index and the CMC EUR Index. These indices offer you a unique way to trade on a group of FX pairs which share the same base currency, giving you exposure to multiple currencies in just one trade. The indices can also provide a benchmark overview for the international value of a currency.
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We offer 12 different forex indices. Each is made up of a range of currency pairs with the same base currency. So the CMC USD Index, for example, is made up of a collection of US dollar pairs. Our full range of forex indices is listed below.
A collection of currency pairs that share the same base currency, the US dollar.
A collection of currency pairs that share the same base currency, the British pound sterling.
A collection of currency pairs that share the same base currency, the euro.
A collection of currency pairs that share the same base currency, the Australian dollar.
A collection of currency pairs that share the same base currency, the Canadian dollar.
A collection of currency pairs that share the same base currency, the Swiss franc.
A collection of currency pairs that share the same base currency, the Chinese yuan.
A collection of currency pairs that share the same base currency, the Japanese yen.
A collection of currency pairs that share the same base currency, the Norwegian krone.
A collection of currency pairs that share the same base currency, the New Zealand dollar.
A collection of currency pairs that share the same base currency, the Swedish krona.
A collection of currency pairs that share the same base currency, the Singapore dollar.
View the spreads, margin rates and trading hours for our 12 major forex indices in the table below.
| Instrument | Spread | Margin rate | Trading hours |
|---|---|---|---|
| CMC USD Index | from 0.25pts | 5% | 00:00-22:00, Monday to Friday |
| CMC GBP Index | from 0.3pts | 5% | 00:00-22:00, Monday to Friday |
| CMC EUR Index | from 0.25pts | 5% | 00:00-22:00, Monday to Friday |
| CMC AUD Index | from 0.3pts | 5% | 00:00-22:00, Monday to Friday |
| CMC CAD Index | from 0.3pts | 5% | 00:00-22:00, Monday to Friday |
| CMC CHF Index | from 0.3pts | 5% | 00:00-22:00, Monday to Friday |
| CMC CNH Index | from 0.3pts | 5% | 00:00-22:00, Monday to Friday |
| CMC JPY Index | from 5pts | 5% | 00:00-22:00, Monday to Friday |
| CMC NOK Index | from 0.6pts | 5% | 00:00-22:00, Monday to Friday |
| CMC NZD Index | from 0.5pts | 5% | 00:00-22:00, Monday to Friday |
| CMC SEK Index | from 0.6pts | 5% | 00:00-22:00, Monday to Friday |
| CMC SGD Index | from 0.3pts | 5% | 00:00-22:00, Monday to Friday |
Our forex indices group together individual FX pairs with the same base currency to make a forex ‘basket’. The indices track the underlying prices of the currency pairs within that index. If the individual forex prices in that index increase, then the value of the index will go up. Conversely, if the individual FX prices decrease, then the value of that index will fall.
There are several benefits to forex indices trading as opposed to trading individual currencies. Firstly, it can be a more cost-effective and efficient way of trading the market, as it allows you to take a view on one area of the forex market, without having to open a position on each individual FX pair. Likewise, this can be a good way to diversify your portfolio, as for example, while geopolitical issues could particularly affect one currency pair in the index, the others may remain unaffected. Forex indices trading can also be used as a way to hedge any unfavourable moves in a particular currency, and are a good way to spread your risk, as you are exposed to a wider range of instruments rather than just one currency pair.
However, it's important to be aware that spread bets and CFDs are high-risk, speculative products. High volatility combined with leverage could lead to significant losses. As with any leveraged product, both profits and losses are magnified as they are based on the full value of your position, not just your initial deposit on a particular trade. While you could make a profit if the market moves in your favour, you could also make a loss if the trade moves against you, particularly if you don’t have adequate risk-management cover in place.
Our forex indices were created with a base level price of 1,000 for the USD, GBP, EUR, AUD, NZD, CAD, CNH, CHF, SEK, NOK and SGD indices, and a base level price of 20,000 for the JPY index, as of 31 December 2018. The weighting of each index component is capped at 40% of the total trade volume.
| USD | GBP | EUR | AUD | CAD | CHF | CNH | JPY | NOK | NZD | PLN | SEK | SGD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CMC USD Index | 5.56 | 28.60 | 1.63 | 25.18 | 3.35 | 24.59 | 8.21 | - | - | - | - | 2.86 | |
| CMC GBP Index | 21.91 | 40.00 | - | 3.26 | 3.91 | 17.90 | 2.73 | 7.94 | - | - | 2.35 | - | |
| CMC EUR Index | 22.70 | 13.13 | 1.51 | 2.34 | 8.10 | 23.03 | 3.90 | 5.55 | - | 12.23 | 5.94 | 1.58 | |
| CMC AUD Index | 11.20 | 1.94 | 12.51 | - | 1.39 | 40.00 | 24.91 | - | 2.66 | - | - | 5.40 | |
| CMC CAD Index | 40.00 | 5.07 | 17.90 | 1.00 | 2.66 | 26.08 | 6.42 | 0.87 | - | - | - | - | |
| CMC CHF Index | 23.84 | 7.05 | 40.00 | 1.44 | 3.09 | 17.41 | 3.33 | - | - | - | - | 3.86 | |
| CMC CNH Index | 28.37 | 5.24 | 31.18 | 8.83 | 4.91 | 2.82 | 14.81 | - | - | - | - | 3.84 | |
| CMC JPY Index | 24.94 | 2.10 | 14.55 | 11.02 | 3.18 | 1.42 | 38.97 | - | - | - | - | 3.82 | |
| CMC NOK Index | 5.72 | 25.34 | 40.00 | - | 1.78 | 0.62 | 9.01 | 1.41 | - | - | 16.12 | - | |
| CMC NZD Index | 14.11 | 3.06 | 12.63 | 15.45 | 1.92 | - | 39.21 | 8.77 | - | - | - | 4.83 | |
| CMC SEK Index | 13.15 | 9.29 | 40.00 | 1.31 | - | 1.53 | 12.40 | 2.39 | 19.93 | - | - | - | |
| CMC SGD Index | 25.37 | 3.20 | 18.05 | 6.96 | 1.01 | 4.80 | 29.48 | 11.13 | - | - | - | - |
Expecting big news from the White House? Our forex indices are a collection of related, strategically-selected pairs, grouped into a single basket. Trade on our 12 baskets of FX pairs, including the CMC USD Index.
Fast execution, precise charting and accurate insights could prove to be vital to your success as a forex index trader. Our award-winning trading platform* was built with the committed forex trader in mind.
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We offer a range of advanced order types, including trailing and guaranteed stop losses, partial closure, market orders and boundary orders on every trade, so you have the flexibility to trade your way.
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