Offers two ways to trade: Forex, CFDs
CySEC, Financial Services Boar...
Popular for Trading DAX 30!
566 traders clicked on Markets.com this month.
The Ultimate Guide to
Choosing a Broker
For Trading DAX 30
Not sure which broker is right for you?
Don’t worry - we’ve got you covered. In this guide, you’ll learn:
- Why Markets.com scored high for trading dax 30 (Jump to section)
- Who Markets.com is (and isn’t) suitable for (Jump to section)
- An in-depth feature comparison of the top #3 brokers (Jump to section)
- An overview on trading dax 30 (Jump to section)
What is the Best Trading Platform
for Trading DAX 30?
Markets.com scored best in our review of the top brokers for trading dax 30, which takes into account 120+ factors across eight categories. Here's the full list of all the brokers we considered.
The following brokers allow trading dax 30 on their platform:
Here are some areas where Markets.com scored highly in:
- 10+ years in business
- Offers + instruments
- A range of platform inc. MT4, MT5, Web Trader, Tablet & Mobile apps
- 24/7 customer service
- Tight spreads from pips
- Used by + traders
- Allows hedging
- 2 languages
- Leverage up to 100:1
Markets.com offers two ways to trade: Forex, CFDs. If you wanted to trade DAX30 through copy trading or other means, skip to part two.
The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.
Markets.com have a B trust score, which is good. This is largely down to them being regulated by CySEC, Financial Services Board, segregating client funds, being established for over 10 years, and much more. For comparison:
Trust Score comparsion
|Regulated by||CySEC, Financial Services Board|
|Uses tier 1 banks|
|Segregates client funds|
The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.
Who Markets.com is (& Isn’t)
As mentioned, Markets.com allows you to trade in two ways: Forex, CFDs.
- CFD Trading
- Forex Trading
Markets.com offer a wide range of instruments to trade including forex pairs, stocks, indices, and cryptocurrencies . In fact, they’re one of the few brokers to offer not only Bitcoin trading but also Ripple, and many more. In the following section we’ve listed Markets.com’s spreads for a range of popular instruments. You can also see a more detailed breakdown of how Markets.com’s spreads compare in this Markets.com review
Finally, Markets.com isn't available in the following countries: AF, DZ, AS, AO, AU, BE, BA, BR, KH, CA, CN, CU, KR, GU, GY, HK, ID, IR, IQ, IL, JP, LA, MO, MY, MM, NZ, MP, PA, PG, PH, PR, RU, SG, KR, SD, SY, TW, TH, TR, UG, VI, VU, USA, VN, YE.
A Comparison of Markets.com vs. vs.
Want to see how Markets.com stacks up against and ? We've compared their spreads, features, and key information below.
Spread & fee comparsionThe spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
|FTSE 100 Spread||2|
Comparison of account & trading features
|Accounts offered||Mini account, Islamic account, standard account, VIP account|
|Platforms||MT4, MT5, Web Trader, Tablet & Mobile apps|
|Risk management features||Limit order, one click trading, trailing stops, price alerts and negative balance protection|
|Funding methods||Payoneer, Credit cards, Bank transfer, PayPal, WebMoney, DebitCard,|
How To Trade The DAX Index
As with most indices, although, it is not possible to trade the index directly, the DAX can be traded by a varied of methods, these include the use of Options, Futures and Contracts for Difference (CFDs).
A CFD is an instrument of trade that follows the movement of the asset it monitors (in this case, the DAX Index) and it represents the difference between when a contract is entered and exited.
The advantages of trading the DAX as a CFD include the ability to use leverage as it has a lower margin of requirement than other trading methods, the larger variety of trading options, lower trading costs and global market access from the same platform.
For example, clients of the popular CFD broker Plus500 are given leverage up to 1:300 for trading DAX, this means that a trader would only require £1,000 to open a £300,000 positon. This has the potential to amplify any sucesful trades however, it is important to remember leverage can work both ways and magnify gains and losses.
What Is The DAX Index?
The DAX (an abbreviation of Deutscher Aktienindex) is a stock market index made up of 30 major German companies traded on the Frankfurt Stock Exchange – the largest of Germany’s stock exchanges and among the largest trading platforms for securities on the planet.
The DAX index components make up close to three-quarters of the market capitalization on the Frankfurt Stock Exchange1 and it was founded on the 1st of July, 1988 and is operated by the Deutsche Börse, a financial services company which serves as both a marketplace provider and financial services provider
The DAX serves as a counterpart to the UK’s FTSE 100 and the American Dow Jones Industrial Index and as it measures the performance of the 30 largest companies on the Frankfurt Stock Exchange, it serves a good indicator of the health of the German economy and the trend of investor sentiment.
The components of the DAX index, as previously mentioned, are the 30 largest companies on the market that are publically traded.
The board of the Deutsche Börse meet every quarter based on Fast Entry and Fast Exit rules, and every September based on Regular Entry and Regular Entry rules, in order to determine of companies should be added to the DAX index, or dropped from the index.
Companies to be added to the DAX index must meet the following requirements: they must be listed on the Prime Standard for at least 3 years prior to inclusion, 10% minimum free float and must have their legal or operating headquarters in Germany.
Foreign companies must have a registered office in Germany as well as have focus of trade on Xetra.
Potential components are assessed based on their free float market capitalisation, and order book volume in comparison to existing DAX Index components, availability of early opening prices and turnover.
Current constituents of the DAX Index:
- Deutsche Bank
- Deutsche Börse
- Deutsche Lufthansa
- Deutsche Post
- Deutsche Telekom
- Fresenius Medical Care
- Infineon Technologies
- Volkswagen Group
The top 5 performing stocks on the DAX index as at 11th of March, 2017 include:
1. Commerzbank AG
With a price of 8.29 and an increase of 5.83% over the previous day
2. Deutsche Bank
With a price of 18.26 and an increase of 2.13%
3. Deutsche Börse
With a price of 80.08, an increase of 1.32%
With a price of 101.10 an increase of 1.10%
With a price of 106.75, an increase of 0.85%5
How Is The DAX Index Calculated
The DAX is a capitalisation weighted index and the prices used in the calculation are taken from Xetra, an electronic trading system invented in Frankfurt, Germany.
Index weightings, as well as trading volume, are calculated using free float methodology, for detailed guide on how the DAX is caluculated, download the PDF here.
In summary, trading the DAX with a CFD offers traders the ability utilise short selling and leverage into their trading strategy.
Jump to top