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Best DAX Brokers of 2024
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 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 larger variety of trading options, leverage, lower trading costs, and global market access from the same platform.
This has the potential to amplify any successful trades however, it is important to remember leverage can work both ways and magnify gains and losses.
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Here are the best forex brokers for trading assets on the DAX
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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 Exchange. It was founded on the 1st of July, 1988 and is operated by the Deutsche Börse, a financial services company that 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 check out our guide 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 meets 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 a focus of trade on Xetra.
Potential components are assessed based on their free-float market capitalization, and order book volume in comparison to existing DAX Index components, availability of early opening prices, and turnover.
Current constituents of the DAX Index:
- Adidas
- Allianz
- BASF
- Bayer
- Beiersdorf
- BMW
- Commerzbank
- Continental
- Daimler
- Deutsche Bank
- Deutsche Börse
- Deutsche Lufthansa
- Deutsche Post
- Deutsche Telekom
- E.ON
- Fresenius
- Fresenius Medical Care
- Heidelberg
- Henkel
- Infineon Technologies
- K+S
- Linde
- Merck
- Munich
- RWE
- SAP
- Siemens
- ThyssenKrupp
- Volkswagen Group
- Vonovia4
The top 5 performing stocks on the DAX index as at 11th of March, 2017 include:
- Commerzbank AG: With a price of 8.29 and an increase of 5.83% over the previous day
- Deutsche Bank: With a price of 18.26 and an increase of 2.13%
- Deutsche Börse: With a price of 80.08, an increase of 1.32%
- Merck: With a price of 101.10 an increase of 1.10%
- Bayer: With a price of 106.75, an increase of 0.85%
How Is The DAX Index Calculated
The DAX is a capitalization-weighted index and the prices used in the calculation are taken from Xetra, an electronic trading system invented in Frankfurt, Germany.
BrokerNotes.co 2024 Overall Rankings
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Methodology
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
About the Editorial Team
BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.
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