Best DAX Forex Brokers
Written by BrokerNotes.co
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.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% 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.Best Forex Brokers for Trading DAX
Here are the best forex brokers for trading assets on the DAX
-
IG
- 9.9/10 Overall
- Saxo Bank - 9.7/10 Overall
- Interactive Brokers - 9.7/10 Overall
- CMC Markets - 9.6/10 Overall
-
FOREX.com
- 9.3/10 Overall
- City Index - 9.2/10 Overall
- XTB - 9/10 Overall
- eToro - 8.8/10 Overall
- Swissquote - 8.7/10 Overall
Overall Rating
Minimum Deposit
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
| Average Spread EUR/USD - Standard | 0.86 |
| All-in Cost EUR/USD - Active | 0.5957 |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 1974 |
| Publicly Traded (Listed) | Yes |
| Bank | Yes |
| Tier-1 Licenses | 7 |
| Tier-2 Licenses | 2 |
| Forex Trading (Spot or CFDs) | Yes |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 19537 |
| Forex Pairs (Total) | 100 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 33 |
| Android App | |
| Apple iOS App | Yes |
| Education (Forex or CFDs) | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
| Average Spread EUR/USD - Standard | 0.9 |
| All-in Cost EUR/USD - Active | 0.7 |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 1992 |
| Publicly Traded (Listed) | No |
| Bank | Yes |
| Tier-1 Licenses | 6 |
| Tier-2 Licenses | 1 |
| Forex Trading (Spot or CFDs) | Yes |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 60000 |
| Forex Pairs (Total) | 190 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 62 |
| Android App | |
| Apple iOS App | Yes |
| Education (Forex or CFDs) | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
| Average Spread EUR/USD - Standard | 0.6 |
| All-in Cost EUR/USD - Active | 0.6 |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | No |
| Year Founded | 1977 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 8 |
| Tier-2 Licenses | 1 |
| Forex Trading (Spot or CFDs) | Yes |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 8500 |
| Forex Pairs (Total) | 90 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | No |
| Charting - Indicators / Studies (Total) | 128 |
| Android App | |
| Apple iOS App | Yes |
| Education (Forex or CFDs) | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
| Average Spread EUR/USD - Standard | 0.51 |
| All-in Cost EUR/USD - Active | 0.51 |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 1989 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 5 |
| Tier-2 Licenses | 1 |
| Forex Trading (Spot or CFDs) | Yes |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 12377 |
| Forex Pairs (Total) | 158 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 84 |
| Android App | |
| Apple iOS App | Yes |
| Education (Forex or CFDs) | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
| Average Spread EUR/USD - Standard | 1.0 |
| All-in Cost EUR/USD - Active | 1.0 |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 1999 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 4 |
| Tier-2 Licenses | 2 |
| Forex Trading (Spot or CFDs) | Yes |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 5500 |
| Forex Pairs (Total) | 91 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | No |
| Charting - Indicators / Studies (Total) | 203 |
| Android App | |
| Apple iOS App | Yes |
| Education (Forex or CFDs) | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
| Average Spread EUR/USD - Standard | 1.0 |
| All-in Cost EUR/USD - Active | 1.0 |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 1983 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 3 |
| Tier-2 Licenses | 2 |
| Forex Trading (Spot or CFDs) | Yes |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 13500 |
| Forex Pairs (Total) | 84 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 88 |
| Android App | |
| Apple iOS App | Yes |
| Education (Forex or CFDs) | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
| Average Spread EUR/USD - Standard | 1.07 |
| All-in Cost EUR/USD - Active | 1.04 |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 2002 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 1 |
| Tier-2 Licenses | 3 |
| Forex Trading (Spot or CFDs) | Yes |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 12000 |
| Forex Pairs (Total) | 57 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 39 |
| Android App | |
| Apple iOS App | Yes |
| Education (Forex or CFDs) | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
| Average Spread EUR/USD - Standard | 1 |
| All-in Cost EUR/USD - Active | N/A |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 2007 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 2 |
| Tier-2 Licenses | 1 |
| Forex Trading (Spot or CFDs) | Yes |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 3458 |
| Forex Pairs (Total) | 49 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 66 |
| Android App | |
| Apple iOS App | Yes |
| Education (Forex or CFDs) | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | No |
| Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
| Average Spread EUR/USD - Standard | N/A |
| All-in Cost EUR/USD - Active | N/A |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Year Founded | 1996 |
| Publicly Traded (Listed) | Yes |
| Bank | Yes |
| Tier-1 Licenses | 4 |
| Tier-2 Licenses | 1 |
| Forex Trading (Spot or CFDs) | Yes |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 466 |
| Forex Pairs (Total) | 78 |
| Bitcoin | Yes |
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 49 |
| Android App | |
| Apple iOS App | Yes |
| Education (Forex or CFDs) | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
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 2023 Overall Rankings
To recap, here are our top forex brokers for 2023, sorted by Overall ranking.
| Company | Overall Rating | Minimum Deposit | Average Spread EUR/USD - Standard | Trust Score | Tradeable Symbols (Total) | Read Review | Visit Site |
 IG
|
9.9 | £250.00 | 0.86 | 99 | 19537 | IG Review |
Visit Site
|
 Saxo Bank
|
9.7 | €2,000 | 0.9 | 99 | 60000 | Saxo Bank Review | |
 Interactive Brokers
|
9.7 | $0 | 0.6 | 99 | 8500 | Interactive Brokers Review | |
 CMC Markets
|
9.6 | $0 | 0.51 | 99 | 12377 | CMC Markets Review | |
 TD Ameritrade
|
9.5 | $0 | 1.25 | 99 | 0 | TD Ameritrade Review | |
 FOREX.com
|
9.3 | $100 | 1.0 | 99 | 5500 | FOREX.com Review |
Visit Site
|
 City Index
|
9.2 | £100.00 | 1.0 | 99 | 13500 | City Index Review | |
 XTB
|
9 | $0 | 1.07 | 95 | 12000 | XTB Group Review | |
 eToro
|
8.8 | $10-$10,000 | 1 | 93 | 3458 | eToro Review | |
 Swissquote
|
8.7 | $1000 | N/A | 99 | 466 | Swissquote Review | |
 AvaTrade
|
8.6 | $100 | 0.92 | 93 | 1260 | AvaTrade Review | |
 FXCM
|
8.5 | Starts from $50 | 1.38 | 96 | 440 | FXCM Review |
Visit Site
|
 Plus500
|
8.5 | €100 | 0.8 | 98 | 2800 | Plus500 Review | |
 Capital.com
|
8.4 | $20 | 0.65 | 85 | 3152 | Capital.com Review | |
 XM Group
|
8.4 | $5 | 1.6 | 90 | 1429 | XM Group Review | |
 Pepperstone
|
8.4 | $200 | 0.77 | 93 | 2342 | Pepperstone Review | |
 OANDA
|
8.4 | $0 | 1.26 | 92 | 124 | OANDA Review | |
 Admiral Markets
|
8.3 | $100 | 0.8 | 88 | 6942 | Admiral Markets Review | |
 FP Markets
|
8.3 | $100 AUD | 1.2 | 86 | 10000 | FP Markets Review | |
 IC Markets
|
8.2 | $200 | 0.62 | 86 | 3583 | IC Markets Review | |
 Markets.com
|
8.2 | $100 | 1.9 | 98 | 2179 | Markets.com Review | |
 FxPro
|
8.1 | $100 | 1.51 | 90 | 2249 | FxPro Review | |
 Tickmill
|
8.0 | $100 | 0.51 | 82 | 725 | Tickmill Review | |
 Fineco Bank
|
8.0 | $0 | N/A | 92 | 126 | Fineco Bank Review | |
 BlackBull Markets
|
7.9 | $0 | 0.827 | 74 | 26000 | BlackBull Markets Review | |
 DooPrime
|
7.8 | $100 | N/A | 84 | 10000 | DooPrime Review | |
 Vantage
|
7.8 | $50 | 1.30 | 89 | 1000 | Vantage Review | |
 BDSwiss
|
7.8 | $100-$5000 | 1.6 | 83 | 1081 | BDSwiss Review | |
 TMGM
|
7.8 | $100 | 0.96 | 79 | 12000 | TMGM Review | |
 HFM
|
7.8 | $0 | 1.2 | 85 | 3500 | HFM Review | |
 FlowBank
|
7.7 | $0.00 | N/A | 77 | 408600 | FlowBank Review | |
 HYCM (Henyep)
|
7.7 | $100 | 0.6 | 86 | 362 | HYCM Review | |
 Trading 212
|
7.6 | EUR 10 | N/A | 77 | 1785 | Trading 212 Review | |
 Eightcap
|
7.6 | $100 | 1.0 | 87 | 736 | Eightcap Review | |
 Trade Nation
|
7.5 | $0 | 0.6 | 83 | 601 | Trade Nation Review | |
 Moneta Markets
|
7.5 | $50 | 1.27 | 71 | 965 | Moneta Markets Review | |
 ThinkMarkets
|
7.4 | $250.00 | N/A | 86 | 1674 | ThinkMarkets Review | |
 VT Markets
|
7.4 | $200 | 1.2 | 71 | 168 | VT Markets Review | |
 ACY Securities
|
7.4 | $50 | 1.2 | 75 | 1600 | ACY Securities Review | |
 easyMarkets
|
7.3 | $100 | 0.9 | 84 | 199 | a href="/reviews/easymarkets">easyMarkets Review | |
 RoboForex (RoboMarkets)
|
7.3 | $100 | 1.4 | 69 | 12000 | Roboforex (RoboMarkets) Review | |
 IronFX
|
7.2 | $50 | 1.2 | 84 | 340 | IronFX Review | |
 Exness
|
7.2 | $1 | 0.9 | 74 | 112 | Exness Review | |
 Spreadex
|
7.2 | $0 | N/A | 70 | 2000 | Spreadex Review | |
 Trade360
|
7.1 | $250 | N/A | 75 | 1062 | Trade360 Review | |
 AxiTrader
|
7.1 | 0 | N/A | 83 | 175 | Axitrader Review | |
 GKFX
|
7.1 | $0 | N/A | 66 | 354 | GKFX Review | |
 Vestle
|
7.1 | -1 | N/A | 79 | 750 | Vestle Review | |
 OctaFX
|
7 | $25 | 0.9 | 69 | 229 | OctaFX Review | |
 FXOpen
|
7 | $100 | N/A | 80 | 87 | FXOpen Review | |
 TeleTrade
|
7 | $100 | N/A | 67 | 500 | Teletrade Review | |
 FXPrimus
|
6.9 | $100 | N/A | 69 | 140 | FXPrimus Review |
Visit Site
|
 Forex4you
|
6.9 | $0 | N/A | 62 | 150 | Forex4you Review | |
 LegacyFX
|
6.9 | $500 | N/A | 66 | 425 | LegacyFX Review | |
 GBE brokers
|
6.8 | $500 | N/A | 69 | 500 | GBE Brokers Review | |
 Alpari
|
6.8 | $20 | N/A | 67 | 105 | Alpari Review | |
 TopFX
|
6.7 | Depends on payment method | N/A | 67 | 655 | TopFX Review | |
 Libertex (Forex Club)
|
6.7 | $10 | N/A | 72 | 300 | Libertex Review | |
 ATFX
|
6.6 | $500 | N/A | 70 | 150 | ATFX Review | |
 UFX
|
6.6 | $100 | 3 | 67 | 619 | UFX Review | |
 Xtrade
|
6.5 | $250 | N/A | 80 | 142 | Xtrade Review | |
 Tradeo
|
6.4 | $200 | N/A | 67 | 256 | Tradeo Review |
More Forex Guides
- Best Forex Brokers
- Best CFD Brokers
- Best Zero Spread Brokers
- Best MetaTrader Brokers
- Best Brokers for Mac
- Compare Forex Brokers
Popular Forex Reviews
- IG Review
- Interactive Brokers Review
- FOREX.com Review
- IG Review
- IC Markets Review
- OctaFX Review
- All Broker Reviews
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 is powered by a dynamic team of writers, researchers, content strategists, data analysts, editors, traders, and investors. We are obsessed with creating the best finance content on the internet, and we are dedicated to helping our readers make great choices for their money.