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Currency Index CFDs

Currency indices are a key tool for forex traders. They measure direct changes in the value of a currency against a basket of other currencies. This differs from a typical currency pair which only involves two currencies. For example, the US dollar index measures the value of the US dollar against a basket of currencies, including the euro, yen, pound sterling, Canadian dollar, Swiss franc, and Swedish krona.

Traders can use currency index CFDs to potentially find new trading opportunities beyond the usual currency pairs.

Symbol

Razor Min Spread

Razor Avg Spread

Standard Min Spread

Standard Avg Spread

EURX

1.0

1.0

1.0

1.0

JPYX

1.0

1.0

1.0

1.0

USDX

5.0

5.2

5.0

5.2

FAQs

What are Currency Index CFDs?

They are financial derivatives that allow traders to speculate on the overall performance of a currency relative to a basket of other currencies.

What is the benefit of trading Currency Index CFDs?

Currency index CFDs provide traders with a broader approach to the forex market. For example, if you believe the US Dollar is likely to strengthen against multiple other currencies, then the US Dollar Index could help you gain that exposure without having to open positions on multiple USD pairs.

What are some popular Currency Index CFDs that traders are focusing on?
  • US Dollar Index
  • Euro Index
  • Japanese Yen Index

*All spreads are generated from data between 01/07/2025 and 31/07/2025

 

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Risk Warning: Trading CFDs and FX carries significant risk. Trading OTC derivatives may not be suitable for everyone so please ensure that you fully understand the risks involved and take care to manage your exposure. You have no ownership of the underlying asset.

 

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