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Spread bet or trade CFDs on baskets of FX pairs, with our range of 12 forex indices, including USD, GBP and EUR. 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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More forex pairs than any other broker*. If you want it, we've probably got it.
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Major forex indices to trade
EXCLUSIVE TO CMC
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.
CMC USD Index
A collection of currency pairs that share the same base currency, the US dollar.
CMC GBP Index
A collection of currency pairs that share the same base currency, the British pound sterling.
CMC EUR Index
A collection of currency pairs that share the same base currency, the euro.
CMC AUD Index
A collection of currency pairs that share the same base currency, the Australiandollar.
CMC CAD Index
A collection of currency pairs that share the same base currency, the Canadian dollar.
CMC CHF Index
A collection of currency pairs that share the same base currency, the Swiss franc.
CMC CNH Index
A collection of currency pairs that share the same base currency, the Chinese yuan.
CMC JPY Index
A collection of currency pairs that share the same base currency, the Japanese yen.
CMC NOK Index
A collection of currency pairs that share the same base currency, the Norwegian krone.
CMC NZD Index
A collection of currency pairs that share the same base currency, the New Zealanddollar.
CMC SEK Index
A collection of currency pairs that share the same base currency, the Swedish krona.
CMC SGD Index
A collection of currency pairs that share the same base currency, the Singapore dollar.
Forex index details
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 |
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How do forex indices work?
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.
How our forex indices are weighted
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 | - | - | - | - |
Forex indices methodology [pdf]
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