JP225
What JP225 is
The “Nikkei 225”, usually called simply the Nikkei, is Japan's best-known stock index. It tracks a fixed basket of large companies listed in Tokyo. JP225 is the symbol Exness uses for a CFD on this index.
A CFD (contract for difference) is an agreement to exchange the difference in price between opening and closing a position. You do not own any Japanese shares. You can go long (profit if the price rises) or short (profit if it falls). In both directions you can also lose. Read Index CFDs explained if the product is new to you.
Leveraged CFD trading can lose money fast. A small move in the index can wipe out a large part of your margin.
How the Nikkei is built: price-weighted
Most major indices, such as the S&P 500 behind US500, are weighted by market capitalisation. Bigger companies count for more.
The Nikkei is price-weighted. A company's influence depends on its share price, not its total size. A stock with a high share price moves the index more than a larger company with a lower share price.
What this means in practice:
- A few high-priced shares can drive a large part of the daily move.
- News about one heavyweight company, such as earnings or a profit warning, can move JP225 more than you would expect from its market size.
- The index can behave differently from broader Japanese market measures on the same day.
The Dow Jones, traded as US30, is also price-weighted. Traders familiar with US30 will recognise this behaviour.
Why the yen matters
Many Nikkei companies are large exporters: carmakers, electronics and machinery firms. They earn a big share of their revenue abroad.
The general relationship traders watch:
- Weaker yen: overseas earnings are worth more in yen, which often supports exporter shares.
- Stronger yen: the same earnings are worth less in yen, which can weigh on those shares.
This is a tendency, not a rule. On some days the index and the yen move together for other reasons, such as global risk appetite. Many traders keep USDJPY on a second chart while watching JP225. See Currency pairs for how USDJPY is quoted.
Other drivers to follow:
- Bank of Japan decisions: interest rate and bond-buying policy affect both the yen and share prices.
- US markets: a sharp move on Wall Street overnight often shows up in Tokyo at the open.
- Japanese economic data: inflation, trade balance and business surveys.
- Company earnings, especially from high-priced constituents.
The Fundamental analysis page covers how to read these events. Exness has an economic calendar on the website and in the Exness Trade app.
When JP225 trades: the Asian session
The cash market in Tokyo trades during the Asian session. For readers in Pakistan, this falls in the early-to-late morning, before the European session opens. Index CFDs often follow futures prices, so quotes may be available outside Tokyo cash hours, with lower activity at some times.
At Exness, trading hours for indices differ by underlying instrument; servers run on UTC+0. Server time is not Pakistan time, so check the JP225 schedule in your platform and convert it yourself. Holidays in Japan can change the schedule.
Typical patterns traders watch:
- The Tokyo open can gap after overnight US moves.
- Activity often drops around the Tokyo lunch break and in hours when only futures trade.
- Spreads can widen in thin periods and around news.
JP225 conditions at Exness
The facts below come from Exness pages and Help Center. Conditions change. Before trading, check the specification in the platform (contract size, pip size, minimum and maximum volume, swap and trading hours) and in the Exness personal area.
| Item | What the sources say |
|---|---|
| Leverage type | Leverage is fixed for most indices except JP225, USTEC, USTEC_x100, US500, US500_x100, US30, US30_x10, so JP225 is not on fixed leverage |
| Dynamic leverage rollout | US30, US500, USTEC, JP225 (+x10/x100): from 400 to unlimited, planned for 7 November 2026; rollout dates may change |
| Higher margin requirements (HMR) | US30/USTEC/US500/JP225 during HMR: 1:400 (0.25%) at the daily break, 1:50 (2%) over the weekend |
| Unlimited leverage eligibility | On real accounts: equity below 5,000 USD and at least 10 closed orders totalling 5 lots or more across real accounts |
| Swap-free for clients from Pakistan | Pakistan is in the list of countries where clients get swap-free status automatically. See Swap fees |
| Contract size, pip size, volumes | Not covered here; check the specification in the platform |
Notes for experienced traders:
- Dynamic leverage means the maximum leverage depends on your account equity and conditions. Higher margin can apply near the daily break and the weekend, as the HMR row shows.
- Margin call and stop out depend on account type: Standard Cent: margin call 60%, stop out 0%; Standard: margin call 60%, stop out 0%; Pro: margin call 30%, stop out 0%; Raw Spread: margin call 30%, stop out 0%; Zero: margin call 30%, stop out 0%. Also note: 0% stop out not supported in some countries; may vary.
- Account types: index trading is listed for the Standard account (forex, metals, cryptocurrencies, energies, stocks, indices). For other account types and their JP225 commission, check the conditions in the personal area. Compare accounts on Account types.
Calculate pip value and margin before you trade
Use the pip calculator to see what one pip on JP225 is worth for your lot size, in the quote currency and in your account currency. Enter the contract size and pip size shown in your platform specification.
Fill in the empty fields to see the result.
Use the margin calculator to see how much margin a position needs at a given leverage. Remember that HMR periods raise the requirement.
Fill in the empty fields to see the result.
A position that looks small in lots can carry a large exposure, because index points move in big steps. Size positions so a normal daily range does not threaten your account. See Risk management.
Ready to try it on a real or demo account?
Partner link · trading carries a high risk of loss
Legal position in Pakistan
Read this before using any offshore broker. Three official positions apply: per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)); per the SBP, the purchase of offshore forex/margin/CFD products by Pakistani residents violates section 4(1) of FERA 1947; and per the SECP, offshore platforms have no Pakistani licence or oversight and offer no legal protection or recourse.
The full picture is on Law and regulators and Regulation and Safety. Make your own decision with this in mind.
Related index pages
Frequently asked questions
Is JP225 the same as the “Nikkei 225”?
JP225 is the Exness symbol for a CFD that follows the Nikkei index. You trade price changes; you do not own Japanese shares.
What does price-weighted mean for the Nikkei?
Shares with a higher price have more influence on the index, regardless of company size. A few expensive stocks can drive much of the daily move.
Why do traders watch the yen with JP225?
Many Nikkei companies are exporters. Yen moves change the value of their overseas earnings, so the index often reacts to yen changes. The link is not constant.
When is JP225 most active for traders in Pakistan?
During the Tokyo session, which is in the Pakistani morning. Check the exact schedule in your platform, since Exness servers do not run on Pakistan time.
What leverage applies to JP225 at Exness?
JP225 is not on fixed leverage. The planned rollout was: US30, US500, USTEC, JP225 (+x10/x100): from 400 to unlimited, planned for 7 November 2026; rollout dates may change. Check the current figure in the platform or personal area.
Is JP225 swap-free for Pakistani clients?
Clients registered from Pakistan get swap-free status automatically. Confirm the status of your account in the personal area.
Can I practise JP225 without real money?
Exness provides a demo account with 10,000 USD (virtual). See Demo account. Demo results do not include the emotional pressure of real losses.
