Trading the “Euro Stoxx 50” index CFD

• STOXX50

What the euro-area blue-chip index is

The “Euro Stoxx 50” index tracks large, liquid companies (blue chips) from several euro-area countries, mainly France, Germany, the Netherlands, Spain and Italy. Unlike DE30 (DAX) or the French CAC index, it does not follow one national market. It gives a single view of the euro area's largest listed companies.

The index is weighted by free-float market capitalisation, which means larger companies move it more. Banks, insurers, industrials, luxury goods, energy, technology and consumer brands all carry weight. A sharp move in a few heavyweight stocks can shift the whole index.

On Exness the index CFD appears under the symbol “STOXX50”. A CFD (contract for difference) lets you trade on price changes without owning the shares. See Index CFDs explained for the basics.

What moves the index

• The European Central Bank (ECB). The ECB sets interest rates for the whole euro area. Rate decisions, the press conference and changes in guidance affect bank shares, borrowing costs and company valuations. Banks often react differently from growth sectors.
• Euro-area data. Inflation, PMI surveys, GDP and employment releases from the euro area and its largest members.
• The euro exchange rate. Many index members earn a large share of revenue outside Europe, so a stronger or weaker euro can affect their reported earnings.
• Company earnings of the heaviest constituents.
• Global risk mood, US market moves and energy prices, since Europe imports much of its energy.

For a structured way to follow these drivers, see Fundamental analysis. The economic calendar is available on the website and in the Exness Trade app.

The index CFD on Exness: what is confirmed

The sources we use do not give a symbol-specific contract size, spread, commission, pip size, swap or list of account types. Check the specification for these in MetaTrader or Exness Terminal: open the symbol properties for “STOXX50” before you trade. Conditions can change without notice on our side.

On swaps, Exness states that by default all accounts are swap-free on listed instruments; the status can be lost. Clients registered from the countries in this list are assigned swap-free status automatically: Algeria, Azerbaijan, Bahrain, Bangladesh, Brunei, Chad, Comoros, Côte d'Ivoire, Djibouti, Egypt, Indonesia, Iraq, Jordan, Kazakhstan, Kyrgyzstan, Kuwait, Lebanon, Libya, Maldives, Mauritania, Morocco, Niger, Oman, Pakistan, Qatar, Saudi Arabia, Senegal, Tajikistan, Tunisia, Turkiye, Turkmenistan, United Arab Emirates, Uzbekistan. See Swap fees and Islamic finance.

Working out margin and pip value

Margin is the amount the broker sets aside to keep a position open. For an index CFD it is roughly the position size (lots × contract size × price) divided by leverage. Take the contract size from the platform, then use the calculator:

A pip (or point) is the smallest standard price step used to measure moves. Its money value depends on the lot size and the contract size, and it is converted into your account currency:

Fixed leverage on this symbol also means a margin figure from another index will not carry over. Run the numbers for this symbol separately.

Risks specific to this index CFD

• Gaps. News from the ECB, elections or major companies can arrive while the cash market is closed. The CFD may open at a very different price, and stop-loss orders can fill worse than set.
• Concentration. A small group of heavy stocks can drive the index.
• Leverage. Leveraged CFD trading can lose money fast. A small index move against a large position can wipe out the margin. Read Risk management before trading real money.

Legal note for Pakistan

Two official positions apply: per the SBP, the purchase of offshore forex/margin/CFD products by Pakistani residents violates section 4(1) of FERA 1947; and per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)). Read Law and regulators and Regulation and Safety before you decide anything.

Frequent questions

Is “STOXX50” the same as the “Euro Stoxx 50”?

“STOXX50” is the Exness CFD symbol based on the “Euro Stoxx 50” index. You trade price changes and do not own any shares.

How is it different from DE30 or the French CAC index?

DE30 tracks German companies and the French CAC index tracks French ones. The “Euro Stoxx 50” spreads across several euro-area countries. Compare them on the Stock indices page.

Why do ECB meetings matter so much for this index?

The ECB sets rates for every country in the index at once, so its decisions affect valuations and bank shares across the whole basket.

What leverage does this index CFD have on Exness?

Exness states that leverage is fixed for most indices except JP225, USTEC, USTEC_x100, US500, US500_x100, US30, US30_x10. “STOXX50” is not in that exception list, so its leverage is fixed. Check the current value in the platform specification.

Can I practise first?

Yes. A demo account gives 10,000 USD (virtual) by default. See Demo account. Results on demo do not include the emotional pressure of real money.

When can I trade this index CFD?

Index trading hours differ by underlying instrument; servers run on UTC+0. See the “STOXX50” schedule in the platform or the Exness Help Center.