Dear Valued Client,
Greetings from INGOT Brokers.
Deutsche Boerse AG, the operator of the Frankfurt exchange will expand the number of stocks that form the DAX index from 30 to 40 stocks.
As a result of this reform, INGOT Brokers will update the DAX Spot symbol to be DAX40 instead of DAX30 by 20 September 2021.
Advantages of trading DAX40
Higher Liquidity: Increasing the number of stocks in the index can bring higher trading volumes and therefore increase the liquidity.
Diversification: when the index involves more stocks, this causes it to be less affected by the moves in one or two stocks.
How will this affect your trades?
The only change you will notice is that the symbol of the index will change from DAX30 to DAX40. The contract specifications will not be affected.
How to trade DAX 40?
You can trade the DAX 40 with us under the symbol ‘DAX 40' after the expansion along with a wide range of other indices and stocks.
Follow these simple steps to get started.
1. Register, or log in if you’re already a client with INGOT Brokers.
2. Access your MetaTrader account in our award-winning platform.
3. Search for the market you want through the Market Watch.
4. Choose your position and size, and your stop and limit levels
5. Place the trade
INGOT Brokers Team