DAXEUR · Index CFD

Trade the DAX 40

Trade the DAX 40 through DAXEUR on Mega1 or MetaTrader 5. Go long or short on the benchmark without buying its constituent shares.

Maximum leverage
Up to 200:1*
Minimum trade
0.1 lot
Contract size
10 EUR / point

*Exposure-based margin bands apply incrementally per symbol. Index CFDs are leveraged derivatives; availability depends on account, platform and jurisdiction.

Germany 40

DAXEUR · DAX 40 / EUR

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DAXEUR · Indices

What is DAXEUR? The DAX 40 index CFD.

DAXEUR is XBTFX’s CFD for the DAX 40, displayed as Germany 40 on the platform. Traders may also search for this market as GER40 / DE40.

Symbol
DAXEUR
Minimum index movement
0.01
Price precision
2 digits
Profit currency
EUR
Minimum volume
0.1 lot
Volume step
0.1 lot

Exports

World demand for German goods

Many DAX companies, from carmakers to chemical and engineering groups, earn a large share of their sales abroad, notably in China and the US. Slowing world growth, tariffs and trade disputes tend to weigh on the index.

ECB and euro

Rates and the exchange rate

Lower European Central Bank rates usually support German shares, and a weaker euro makes German goods cheaper abroad and boosts overseas earnings in euro terms. A sharp rise in the euro can do the opposite.

Business surveys

Ifo, ZEW and PMIs

Germany's Ifo business climate index, the ZEW investor survey and monthly PMIs give early signs of where Europe's largest economy is heading. Big surprises can move the DAX within minutes.

Heavyweights

SAP, Siemens and the big names

Weighted by market value, the index leans on its largest members, such as SAP, Siemens, Allianz and Deutsche Telekom. Their results and outlooks can set its direction for the day.

When the DAX is most active

The DAX is calculated from Xetra prices only from 9:00 to 17:30 Frankfurt time, and volume is heaviest at the open and in the 17:30 closing auction. US data at 8:30 New York time, and Wall Street's open an hour later, often bring a second wave. The Germany 40 CFD trades almost around the clock on weekdays, apart from a daily break of about an hour.

The DAX at a glance

  • The Germany 40 is priced in euros: each DAX point is worth €1 per unit.
  • One lot is 10 units, so the minimum trade of 0.1 lots is a single unit.
  • The DAX holds 40 large German companies listed in Frankfurt, weighted by the market value of their freely traded shares.

Price history

Germany 40 key statistics

From daily mid-price candles, updated November 10, 2026.

Past performance is not a reliable indicator of future results.

Performance

1 day
+0.19%
1 week
+2.60%
1 month
+5.28%
3 months
+0.71%
Average daily rangeLast 20 trading days
417.84 points

Why XBTFX

Why trade Germany 40 with XBTFX

  • Leverage that fits the trade

    Up to 200:1 on Germany 40, stepping down in published bands as your position grows.

  • Two account types

    Pro and Standard accounts, with every cost for Germany 40 shown on this page before you trade.

  • Mega1 and MetaTrader 5

    Trade in the browser, on desktop or on your phone with Mega1, or use MetaTrader 5.

  • Crypto or fiat funding

    Fund in crypto or fiat, and run your account in US dollars or a crypto base currency such as BTC or USDT.

Two pricing choices

Compare DAXEUR spreads and trading costs.

Compare account types

Raw pricing

Pro

Variable raw spread

Index CFD commission
USD 2.75 / USD 100k
Platforms
Mega1 & MetaTrader 5

All-in spread

Standard

Variable all-in spread

Index CFD commission
No separate commission
Platforms
Mega1 & MetaTrader 5

Pro commission is USD 2.75 per USD 100,000 traded. Spreads are variable and can widen; swaps may apply. Index names identify the referenced markets and do not imply provider endorsement.

Exposure-based margin

How DAXEUR leverage and margin bands work.

Germany 40 margin is applied incrementally by the total notional exposure in DAXEUR. Crossing a threshold does not reprice the margin already assigned to lower bands; only the additional exposure uses the next rate.

How exposure-based margin works
DAXEUR margin schedulePublished schedule
Additional notionalLeverageMargin
$0–$500K200:10.50%
$500K–$2M100:11.00%
$2M–$5M40:12.50%
$5M–$10M20:15.00%
$10M–$20M10:110.00%
$20M–∞3:130.00%

USD notional bands. The live platform specification remains authoritative.

Contract details

DAXEUR contract specifications.

Review volume, carrying-cost and session information before placing a trade. Values below are refreshed from the published XBTFX specification service.

Contract size
10 EUR / point
Minimum / maximum volume
0.1 lot / 100 lots
Volume step
0.1 lot
Quote / profit currency
EUR
Swap long
−502.48 points
Swap short
−5.09 points
Three-day swap
Friday
Published session
00:00–00:15, 00:16–21:00, 22:02–24:00 platform time
Open full DAXEUR specifications

Sessions and swap values may change for holidays, liquidity conditions and scheduled maintenance.

Plan a scenario

Calculate a DAXEUR index scenario before you trade.

For DAXEUR, profit or loss is the index-point movement multiplied by 10 EUR per point and the number of lots, before spread, commission, swaps and currency conversion.

Minimum index movement 1 lot × 1 pt = 10 EUR Before trading costs Open Germany 40 calculator

Where to trade

Trade DAXEUR your way.

Use Mega1 in the browser, on desktop or mobile, or trade through MetaTrader 5.

Start trading

Understand the DAX 40 CFD before opening a position.

Why is the DAX called a total-return index?
Because its calculation assumes the dividends its members pay are reinvested. Most major benchmarks, such as the S&P 500, the FTSE 100 and the Nikkei 225, are price indices that leave dividends out, so over long periods their gains aren't directly comparable.
How much do I need to trade the Germany 40?
The minimum trade is 0.1 lots, or 1 unit. For example, at a price of about €25,370, that position is worth about €25,370, and at the first-tier leverage of 200:1 the margin is about €127. Leverage steps down as your exposure grows, and a micro version with a contract size of 1 suits smaller trades.
Can I go short on the Germany 40?
Yes. You can sell the Germany 40 as easily as you buy it, to take a position on a falling DAX, even outside Frankfurt's trading hours. A short loses money if the DAX rises, and leverage magnifies that loss.
What happened to the DAX 30?
It became the DAX 40. In 2021 the index was expanded from 30 to 40 companies, and the Germany 40 tracks today's 40-stock DAX. You'll still see the old name in older articles.
What is DAXEUR (Germany 40)?
DAXEUR is XBTFX’s CFD for the DAX 40, displayed as Germany 40 on the platform. Traders may also search for this market as GER40 / DE40. The DAX tracks 40 of the largest qualifying companies on the Frankfurt Stock Exchange’s Regulated Market, selected by free-float market capitalization. DAXEUR is XBTFX’s Germany 40 CFD symbol.
Do I own the shares in the DAX 40 when I trade DAXEUR?
No. DAXEUR is a leveraged index CFD, not a purchase of the benchmark or its constituent shares. It provides price exposure without shareholder ownership or voting rights.
What can move the DAXEUR price?
DAX 40 trading can respond to euro-area growth, European Central Bank expectations, the euro, German manufacturing and export demand, energy prices and earnings from major German-listed companies.
How is leverage applied to DAXEUR?
Germany 40 uses published exposure-based margin bands. The schedule is tied to total notional exposure in DAXEUR, not the account balance. When exposure crosses a threshold, only the additional portion uses the next margin rate; lower-band exposure keeps its original rate.
Can I trade DAXEUR with Pro or Standard pricing?
Yes, subject to availability. Pro uses a raw variable spread plus USD 2.75 commission per USD 100,000 traded. Standard uses a wider all-in spread without a separate commission line.

Risk warning

CFDs are complex instruments and involve a significant risk of loss due to leverage. Prices are indicative and may differ from executable account prices. Consider whether you understand how CFDs work and whether you can afford the risk. Risk Disclosure Notice

Ready to trade the DAX 40?

Open an XBTFX account, choose Pro or Standard pricing, and access Germany 40 on a supported platform. Index CFDs are high-risk leveraged products.

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Risk Warning: Trading CFD products carries a high level of risk and may not be suitable for all investors.