If you’re looking to trade the CAC 40 (France 40), we’ve compiled a list of the best brokers for trading the CAC. All brokers in this list are authorised and regulated by the FCA. Ensure that you are using the best platforms for trading indices and choose a brokers from our comparison list of the best brokers for trading the CAC 40 (France 40):
Types of broker that offer CAC 40 (France 40) Trading
Compare Index Brokers For Trading The CAC 40 (France 40)
All the index brokers are authorised and regulated by the Financial Conduct Authority where client funds are segregated and protected under FSCS. Note: If you want to convert one currency to another and send money abroad you need a currency broker.
Featured Forex Broker | Forex Account Options | Key Forex Facts | Standard Forex Costs | More Info |
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CFDs: ✔️ Spread Betting: ✔️ DMA FX: ✔️ Pro Account: ✔️ Forex Options: ✔️ | Forex Pairs: 51 Standard Margin: 3.33% Pro Margin: 0.45% Minimum Deposit: £250 Inactivity Fee: £12 pm HQ: London, UK | EURUSD: 0.6 pips GBPUSD: 0.9 pips USDJPY: 0.7 pips EURGBP: 0.9 pips AUDUSD: 0.6 pips Overnight Financing: 0.0022% | Open Account Your capital is at risk. 76% of retail CFD accounts lose money | |
![]() | CFDs: ✔️ Spread Betting: ✔️ DMA FX: ✔️ Pro Account: ✔️ Forex Options: ✔️ | Forex Pairs: 71 Standard Margin: 3.33% Pro Margin: na Minimum Deposit: £100 Inactivity Fee: £10 pm HQ: London, UK | EURUSD: 0.7 pips GBPUSD: 0.9 pips USDJPY: 0.7 pips EURGBP: 0.11 pips AUDUSD: 0.14 pips Overnight Financing: 0.0027% | Open Account 79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider |
![]() | CFDs: ✔️ Spread Betting: ✔️ DMA FX: ✔️ Pro Account: ✔️ Forex Options: ❌ | Forex Pairs: 36 Standard Margin: 3.33% Pro Margin: na Minimum Deposit: £100 Inactivity Fee: £0 HQ: Melbourne, Australia | EURUSD: 0.13 pips GBPUSD: 0.44 pips USDJPY: 0.25 pips EURGBP: 0.41 pips AUDUSD: 0.14 pips Overnight Financing: Variable | Open Account 79.3% of retail investor accounts lose money when trading spread bets and CFDs with this provider |
CFDs: ✔️ Spread Betting: ❌ DMA FX: ✔️ Pro Account: ✔️ Forex Options: ✔️ | Forex Pairs: 182 Standard Margin: 3.33% Pro Margin: 1.5% Minimum Deposit: £500 Inactivity Fee: £25 pq HQ: Copenhagen, Denmark | EURUSD: 0.6 pips GBPUSD: 0.7 pips USDJPY: 0.6 pips EURGBP: 0.7 pips AUDUSD: 0.6 pips Overnight Financing: +/- 0.75% | Open Account 70% of retail investor accounts lose money when trading CFDs with this provider | |
![]() | CFDs: ✔️ Spread Betting: ❌ DMA FX: ✔️ Pro Account: ✔️ Forex Options: ✔️ | Forex Pairs: 23 Standard Margin: 3.33% Pro Margin: 3% Minimum Deposit: $100 Inactivity Fee: $20 pm HQ: Connecticut, USA | EURUSD: 0.20 basis points GBPUSD: 0.20 basis points USDJPY: 0.20 basis points EURGBP: 0.20 basis points AUDUSD: 0.20 basis points Overnight Financing: 0.000043% | Open Account 64% of retail investor accounts lose money when trading CFDs with IBKR |
CFDs: ✔️ Spread Betting: ❌ DMA FX: ❌ Pro Account: ✔️ Forex Options: ❌ | Forex Pairs: 48 Standard Margin: 3.33% Pro Margin: na Minimum Deposit: £100 Inactivity Fee: €20 pm HQ: Warszawa, Poland | EURUSD: 0.6 pips GBPUSD: 0.9 pips USDJPY: 0.7 pips EURGBP: 0.9 pips AUDUSD: 0.17 pips Overnight Financing: Variable | Open Account 79% of retail investor accounts lose money when trading CFDs with this provider | |
CFDs: ✔️ Spread Betting: ✔️ DMA FX: ❌ Pro Account: ✔️ Forex Options: ❌ | Forex Pairs: 60 Standard Margin: 3.33% Pro Margin: 0.45% Minimum Deposit: £100 Inactivity Fee: £0 HQ: St Albans, UK | EURUSD: 0.6 pips GBPUSD: 0.9 pips USDJPY: 0.7 pips EURGBP: 0.9 pips AUDUSD: 0.6 pips Overnight Financing: Variable | Open Account 69% of retail investors lose money when trading spread bets and CFDs with this provider | |
| CFDs: ✔️ Spread Betting: ❌ DMA FX: ❌ Pro Account: ✔️ Forex Options: ❌ | Forex Pairs: 39 Standard Margin: 3.33% Pro Margin: 0.0033% Minimum Deposit: £100 Inactivity Fee: $10 pm HQ: Haifa, Israel | EURUSD: 0.8 pips GBPUSD: 0.13 pips USDJPY: 1 pips EURGBP: 1.5pips AUDUSD: 0.8pips Overnight Financing: Variable | Open Account 76.4% of retail investor accounts lose money when trading CFDs with this provider |
![]() | CFDs: ✔️ Spread Betting: ✔️ DMA FX: ❌ Pro Account: ✔️ Forex Options: ✔️ | Forex Pairs: 84 Standard Margin: 3.33% Pro Margin: 0.25% Minimum Deposit: $50 Inactivity Fee: $10 pm HQ: Limassol, Cyprus | EURUSD: 0.5 pips GBPUSD: 0.9 pips USDJPY: 0.6 pips EURGBP: 0.9 pips AUDUSD: 0.5 pips Overnight Financing: Variable | Open Account 74% of retail investor accounts lose money when trading CFDs with this provider |
![]() | CFDs: ✔️ Spread Betting: ✔️ DMA FX: ❌ Pro Account: ✔️ Forex Options: ✔️ | Forex Pairs: 47 Standard Margin: 3.33% Pro Margin: na Minimum Deposit: £100 Inactivity Fee: £12 pm HQ: London, UK | EURUSD: 0.3 pips GBPUSD: 0.4 pips USDJPY: 0.2 pips EURGBP: 0.4 pips AUDUSD: 0.1 pips Overnight Financing: +/- 1% | Open Account 75% of retail investor accounts lose money when trading CFDs with this provider |
![]() | CFDs: ✔️ Spread Betting: ❌ DMA FX: ✔️ Pro Account: ✔️ Forex Options: ✔️ | Forex Pairs: 53 Standard Margin: 3.33% Pro Margin: 1% Minimum Deposit: £100 Inactivity Fee: £0 HQ: Reggio Emilia, Italy | EURUSD: 0.8 pips GBPUSD: 1 pips USDJPY: 0.3 pips EURGBP: 0.5 pips AUDUSD: 0.1 pips Overnight Financing: Variable | Open Account 70.50% of retail investor accounts lose money due to CFD trading with FinecoBank |
Best CFD Brokers For Trading The CAC 40 (France 40)
Use our comparison tables to compare CFD brokers authorised and regulated by the FCA. Choose or switch to a CFD broker that offers the most markets, best pricing and client security.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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.
Featured CFD Broker | CFD Trading Information | CFD Trading Markets | CFD Trading Costs | More Info |
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IG | Minimum Trade: 50p Minimum Deposit £250 Index Margin: 5% Forex Margin: 3.33% Pro Index Margin: 0.45% Pro Forex Margin: 0.45% | Total Markets: 17,000 Forex Pairs: 51 Commodities: 38 Indices: 34 UK Stocks: 3,925 US Stocks: 6,352 | EURUSD: 0.6 pips UK 100: 1 point Wall Street: 2.4 points Gold: 0.3 points UK Shares: 0.10% US Shares: 0.10% | Open Account Your capital is at risk. 76% of retail CFD accounts lose money |
![]() CMC Markets | Minimum Trade: 50p Minimum Deposit £100 Index Margin: 5% Forex Margin: 3.33% Pro Index Margin: na Pro Forex Margin: na | Total Markets: 9,300 Forex Pairs: 71 Commodities: 33 Indices: 22 UK Stocks: 629 US Stocks: 3,441 | EURUSD: 0.7 pips UK 100: 1 point Wall Street: 2.4 points Gold: 0.3 points UK Shares: 0.10% US Shares: 2¢ per share | Open Account 79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider |
![]() Pepperstone | Minimum Trade: 50p Minimum Deposit £100 Index Margin: 5% Forex Margin: 3.33% Pro Index Margin: 0.2% Pro Forex Margin: 0.5% | Total Markets: 178 Forex Pairs: 36 Commodities: 16 Indices: 14 UK Stocks: 0 US Stocks: 64 | EURUSD: 0.13 pips UK 100: 3 points Wall Street: 2.4 points Gold: 0.5 points UK Shares: na US Shares: na | Open Account 79.3% of retail investor accounts lose money when trading spread bets and CFDs with this provider |
Minimum Trade: £1 Minimum Deposit £100 Index Margin: 1% Forex Margin: 3.33% Pro Index Margin: na Pro Forex Margin: na | Total Markets: 19,999 Forex Pairs: 57 Commodities: 19 Indices: 23 UK Stocks: na US Stocks: na | EURUSD: 0.6 pips UK 100: 1 point Wall Street: 3 points Gold: 0.6 points UK Shares: 0.05% US Shares: 2¢ per share | Open Account 70% of retail investor accounts lose money when trading CFDs with this provider | |
![]() Interactive Brokers (IBKR) | Minimum Trade: £1 Minimum Deposit £100 Index Margin: 1% Forex Margin: 3.33% Pro Index Margin: na Pro Forex Margin: na | Total Markets: na Forex Pairs: na Commodities: na Indices: na UK Stocks: na US Stocks: na | EURUSD: 0.20 basis point UK 100: 0.005% Wall Street: 0.005% Gold: na UK Shares: 0.05% US Shares: 2¢ per share | Open Account 64% of retail investor accounts lose money when trading CFDs with IBKR |
Spreadex | Minimum Trade: 1p Minimum Deposit £100 Index Margin: 5% Forex Margin: 3.33% Pro Index Margin: 0.5% Pro Forex Margin: 0.5% | Total Markets: 10,000 Forex Pairs: 53 Commodities: 21 Indices: 37 UK Stocks: 2,000 US Stocks: 500 | EURUSD: 0.6 pips UK 100: 1 point Wall Street: 2.4 points Gold: 0.4 points UK Shares: 0.1% US Shares: 0.15% | Visit IG Website 69% of retail investors lose money when trading spread bets and CFDs with this provider |
XTB Brokers | Minimum Trade: £1 Minimum Deposit £100 Index Margin: 1% Forex Margin: 3.33% Pro Index Margin: na Pro Forex Margin: na | Total Markets: 1,981 Forex Pairs: 48 Commodities: 22 Indices: 42 UK Stocks: 203 US Stocks: 1,053 | EURUSD: 0.6 pips UK 100: 0.9 point Wall Street: 2 points Gold: 0.3 points UK Shares: 0.08% US Shares: 0.08% | Open Account 79% of retail investor accounts lose money when trading CFDs with this provider |
![]() ETX Capital | Minimum Trade: 25p Minimum Deposit £100 Index Margin: 5% Forex Margin: 3.33% Pro Index Margin: na Pro Forex Margin: na | Total Markets: 5,000 Forex Pairs: 60 Commodities: 25 Indices: 34 UK Stocks: 350 US Stocks: na | EURUSD: 0.6 pips UK 100: 1 point1 Wall Street: 4 points Gold: 0.4 points UK Shares: 0.1% US Shares: 2¢ per share | ETX Reviews 77.4% of retail investor accounts lose money when trading CFDs with this provider |
![]() eToro | Minimum Trade: £1 Minimum Deposit £100 Index Margin: 1% Forex Margin: 3.33% Pro Index Margin: na Pro Forex Margin: na | Total Markets: na Forex Pairs: 47 Commodities: 19 Indices: 13 UK Stocks: 313 US Stocks: 1104 | EURUSD: 0.3 pips UK 100: 1.5 points Wall Street: 6 points Gold: 0.45 points UK Shares: 0.9% US Shares: 0.9% | Open Account 75% of retail investor accounts lose money when trading CFDs with this provider |
Plus 500 | Minimum Trade: £1 Minimum Deposit £100 Index Margin: 1% Forex Margin: 3.33% Pro Index Margin: 0.33% Pro Forex Margin: 0.33% | Total Markets: 2,000 Forex Pairs: 39 Commodities: 22 Indices: 28 UK Stocks: 148 US Stocks: 947 | EURUSD: 0.8 pips UK 100: 2 points Wall Street: 4 points Gold: 0.59 points UK Shares: na US Shares: na | Open Account 76.4% of retail investor accounts lose money when trading CFDs with this provider |
![]() City Index | Minimum Trade: £1 Minimum Deposit £100 Index Margin: 5% Forex Margin: 3.33% Pro Index Margin: 0.25% Pro Forex Margin: 0.25% | Total Markets: 12,000 Forex Pairs: 84 Commodities: 25 Indices: 21 UK Stocks: na US Stocks: na | EURUSD: 0.5 pips UK 100: 1 point1 Wall Street: 3.5 points Gold: 0.8 points UK Shares: 0.18% US Shares: 2¢ per share | Open Account 74% of retail investor accounts lose money when trading CFDs with this provider |
![]() Fineco | Minimum Trade: 50p Minimum Deposit £100 Index Margin: 1% Forex Margin: 3.33% Pro Index Margin: 1% Pro Forex Margin: 0.5% | Total Markets: 180 Forex Pairs: 53 Commodities: 5 Indices: 27 UK Stocks: na US Stocks: na | EURUSD: 0.8 pips UK 100: 6 points Wall Street: 6 points Gold: 0.3 points UK Shares: 0.05% US Shares: na | Open Account 70.50% of retail investor accounts lose money due to CFD trading with FinecoBank |
Best Spread Betting Brokers For Trading The CAC 40 (France 40)
Use our comparison reviews to compare spread betting broker costs, spreads, offers and features. Only Spread Betting Brokers authorized and regulated by the FCA where client funds are protected under the FSCS are featured.
Spread betting carries a high level of risk and losses can exceed your deposits. Featured brokers appear first.
Featured Spread BettingBroker | Spread Betting Information | Spread Betting Markets | Spread Betting Costs | More Info |
---|---|---|---|---|
Minimum Stake: 50p Minimum Deposit £250 Index Margin: 5% Forex Margin: 3.33% Pro Index Margin: 0.45% Pro Forex Margin: 0.45% | Total Markets: 17,000 Forex Pairs: 51 Commodities: 38 Indices: 34 UK Stocks: 3,925 US Stocks: 6,352 | EURUSD: 0.6 pips UK 100: 1 point Wall Street: 2.4 points Gold: 0.3 points UK Shares: 0.10% US Shares: 0.10% | Open Account Your capital is at risk. 76% of retail CFD accounts lose money | |
![]() | Minimum Stake: 50p Minimum Deposit £100 Index Margin: 5% Forex Margin: 3.33% Pro Index Margin: na Pro Forex Margin: na | Total Markets: 9,300 Forex Pairs: 71 Commodities: 33 Indices: 22 UK Stocks: 629 US Stocks: 3,441 | EURUSD: 0.7 pips UK 100: 1 point Wall Street: 2.4 points Gold: 0.3 points UK Shares: 0.10% US Shares: 2¢ per share | Open Account 79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider |
![]() | Minimum Stake: 50p Minimum Deposit £100 Index Margin: 5% Forex Margin: 3.33% Pro Index Margin: 0.2% Pro Forex Margin: 0.5% | Total Markets: 178 Forex Pairs: 36 Commodities: 16 Indices: 14 UK Stocks: 0 US Stocks: 64 | EURUSD: 0.13 pips UK 100: 3 points Wall Street: 2.4 points Gold: 0.5 points UK Shares: na US Shares: na | Open Account 79.3% of retail investor accounts lose money when trading spread bets and CFDs with this provider |
Minimum Stake: 1p Minimum Deposit £100 Index Margin: 5% Forex Margin: 3.33% Pro Index Margin: 0.5% Pro Forex Margin: 0.5% | Total Markets: 10,000 Forex Pairs: 53 Commodities: 21 Indices: 37 UK Stocks: 2,000 US Stocks: 500 | EURUSD: 0.6 pips UK 100: 1 point Wall Street: 2.4 points Gold: 0.4 points UK Shares: 0.1% US Shares: 0.15% | Open Account 69% of retail investors lose money when trading spread bets and CFDs with this provider | |
![]() | Minimum Stake: £1 Minimum Deposit £100 Index Margin: 5% Forex Margin: 3.33% Pro Index Margin: 0.25% Pro Forex Margin: 0.25% | Total Markets: 12,000 Forex Pairs: 84 Commodities: 25 Indices: 21 UK Stocks: na US Stocks: na | EURUSD: 0.5 pips UK 100: 1 point1 Wall Street: 3.5 points Gold: 0.8 points UK Shares: 0.18% US Shares: 2¢ per share | Open Account 74% of retail investor accounts lose money when trading CFDs with this provider |
![]() | Minimum Stake: 25p Minimum Deposit £100 Index Margin: 5% Forex Margin: 3.33% Pro Index Margin: na Pro Forex Margin: na | Total Markets: 5,000 Forex Pairs: 60 Commodities: 25 Indices: 34 UK Stocks: 350 US Stocks: na | EURUSD: 0.6 pips UK 100: 1 point1 Wall Street: 4 points Gold: 0.4 points UK Shares: 0.1% US Shares: 2¢ per share | ETX Reviews 77.4% of retail investor accounts lose money when trading CFDs with this provider |
Best DMA Brokers For Trading The CAC 40 (France 40)
Compare brokers that offer Direct Market Access (DMA) who are authorised and regulated by the FCA. Use DMA to get inside the price and reduce your trading costs by getting better prices.
DMA Broker | DMA Access | DMA Execution | Account Types | CEO Interview | More Info |
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Stocks: FX: Index: Commodities: | Voice: Online: Strategy: Prime: | DMA: Futures: CFD Spreadbetting: | Visit IG IG Reviews CEO Interview Your capital is at risk. 76% of retail CFD accounts lose money | ||
Stocks: FX: Index: Commodities: | Voice: Online: Strategy: Prime: | DMA: Futures: CFD Spreadbetting: | ![]() | Visit Saxo Saxo Reviews | |
![]() | Stocks: FX: Index: Commodities: | Voice: Online: Strategy: Prime: | DMA: Futures: CFD Spreadbetting: | ![]() | Visit IBKR IBKR Reviews |
![]() | Stocks: FX: Index: Commodities: | Voice: Online: Strategy: Prime: | DMA: Futures: CFD Spreadbetting: | Visit Fineco Fineco Reviews |
Best MT4 Brokers For Trading The CAC 40 (France 40)
MT4 or MetaTrader 4 is currently offered by over 600 brokers worldwide. Compare the top MT4 brokers to ensure you get the best pricing, tools, analysis and features.
Featured MT4 Broker | MT4 Account Options | MT4 Key facts | MT4 Trading Costs | More Info |
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MT4 CFDs: MT4 Spread Betting: MT4 DMA : Pro Account: MT4 Scalping: | Total Markets: 17,000 Forex Pairs: 51 Commodities: 38 Indices: 34 UK Stocks: 3,925 US Stocks: 6,352 | EURUSD: 0.6 pips GBPUSD: 0.9 pips UK 100: 1 point Wall Street: 2.4 points Overnight Financing: 0.0022% | Open Account Your capital is at risk. 76% of retail CFD accounts lose money | |
![]() | MT4 CFDs: MT4 Spread Betting: MT4 DMA : Pro Account: MT4 Scalping: | Total Markets: 9,300 Forex Pairs: 71 Commodities: 33 Indices: 22 UK Stocks: 629 US Stocks: 3,441 | EURUSD: 0.7 pips GBPUSD: 0.9 pips UK 100: 1 point Wall Street: 2.4 points Overnight Financing: 0.0027% | Open Account 79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider |
![]() | MT4 CFDs: MT4 Spread Betting: MT4 DMA : Pro Account: MT4 Scalping: | Total Markets: 178 Forex Pairs: 36 Commodities: 16 Indices: 14 UK Stocks: 0 US Stocks: 64 | EURUSD: 0.13 pips GBPUSD: 0.44 pips UK 100: 3 points Wall Street: 2.4 points Overnight Financing: Variable | Open Account 79.3% of retail investor accounts lose money when trading spread bets and CFDs with this provider |
MT4 CFDs: MT4 Spread Betting: MT4 DMA : Pro Account: MT4 Scalping: | Total Markets: 19,999 Forex Pairs: 57 Commodities: 19 Indices: 23 UK Stocks: na US Stocks: na | EURUSD: 0.6 pips GBPUSD: 0.7 pips UK 100: 1 point Wall Street: 3 points Overnight Financing: +/- 0.75% | Open Account 70% of retail investor accounts lose money when trading CFDs with this provider | |
MT4 CFDs: MT4 Spread Betting: MT4 DMA : Pro Account: MT4 Scalping: | Total Markets: 1,981 Forex Pairs: 48 Commodities: 22 Indices: 42 UK Stocks: 203 US Stocks: 1,053 | EURUSD: 0.6 pips GBPUSD: 0.9 pips USDJPY: 0.7 pips EURGBP: 0.9 pips AUDUSD: 0.17 pips Overnight Financing: Variable | Open Account 79% of retail investor accounts lose money when trading CFDs with this provider | |
![]() | MT4 CFDs: MT4 Spread Betting: MT4 DMA : Pro Account: MT4 Scalping: | Total Markets: 5,000 Forex Pairs: 60 Commodities: 25 Indices: 34 UK Stocks: 350 US Stocks: na | EURUSD: 0.5 pips GBPUSD: 0.9 pips UK 100: 0.9 point Wall Street: 2 points Overnight Financing: Variable | ETX Reviews 77.4% of retail investor accounts lose money when trading CFDs with this provider |
![]() | MT4 CFDs: MT4 Spread Betting: MT4 DMA : Pro Account: MT4 Scalping: | Total Markets: 12,000 Forex Pairs: 84 Commodities: 25 Indices: 21 UK Stocks: na US Stocks: na | EURUSD: 0.5 pips GBPUSD: 0.9 pips UK 100: 1 point1 Wall Street: 3.5 points Overnight Financing: Variable | Open Account 74% of retail investor accounts lose money when trading CFDs with this provider |
Best Options Brokers For Trading The CAC 40 (France 40)
Use our comparison tables to compare the best UK based options brokers authorised and regulated by the FCA. Choose or switch to an option broker that offers the most markets, best pricing and client security.
Featured Broker | Futures & Options | Services | Account Types | CEO Interview | More Info |
---|---|---|---|---|---|
Stocks: FX: Index: Commodities: | Voice: Online: Strategy: Prime: | DMA: Futures: Options: CFD Spreadbetting | ![]() | Open Account | |
![]() | Stocks: FX: Index: Commodities: | Voice: Online: Strategy: Prime: | DMA: Futures: Options: CFD Spreadbetting | ![]() | Open Account |
Stocks:DMA FX: Index:CFD Commodities:CFDs | Voice: Online: Strategy: Prime: | DMA: Futures: Options: CFD Spreadbetting | Open Account | ||
Stocks: FX: Index: Commodities: | Voice: Online: Strategy: Prime: | DMA: Futures: Options: CFD Spreadbetting | Linear Services | ||
![]() | Stocks:DMA FX: Index:CFD Commodities:CFDs | Voice: Online: Strategy: Prime: | DMA: Futures: Options: CFD Spreadbetting | Open Account |
Use our comparison tables to compare the best UK based CAC 40 (France 40) futures brokers authorised and regulated by the FCA. Choose or switch to a futures broker that offers the most markets, best pricing and client security.
Futures trading carries a high level of risk and can result in losses that exceed your deposits. Featured brokers appear first.
Here is a list of futures brokers based in the UK that are regulated by the FCA
Prime Broker | DMA Access | Execution | Account Types | CEO Interview | More Info |
---|---|---|---|---|---|
Stocks: FX: Futures: Options: | Voice: Online: Strategy: Prime: | DMA: Omnibus: Liquidity White Label: | ![]() | Visit Saxo Saxo Services | |
Stocks: FX: Futures: Options: | Voice: Online: Strategy: Prime: | DMA: Omnibus: Liquidity White Label: | Visit IG IG Services | ||
Stocks: FX: Futures: Options: | Voice: Online: Strategy: Prime: | DMA: Omnibus: Liquidity White Label: | Linear Services | ||
![]() | Stocks: FX: Futures: Options: | Voice: Online: Strategy: Prime: | DMA: Omnibus: Liquidity White Label: | ![]() | Visit IBKR IBKR Reviews |
What is the CAC 40 Index?
CAC 40 Index is the main benchmark index of the French stock market. It derived its name from Cotation Assistée en Continu electronic system in the eighties.
Like the Dax index, the index was born in the eighties on December 1987 with a base value of 1,000. The index is now maintained by Euronext Paris.
The index is capitalisation weighted, with the largest forty companies being included in the index. As of 2019, the biggest three stocks in the index is Total, LVMH, and Sanofi (see below). Many of these firms are household names, such as LVMH, L'Oreal and Danone.
CAC 40 Index Component Snapshot
Source: Euronext.com
Can you trade the CAC Index?
Yes, you can. There are multiple financial products derived from the underlying CAC Index that you can trade with, including:
- Index Futures (Euronext)
- Index Options (Euronext)
- Exchange-Traded Funds (GMG Guide on ETFs)
- Spread trading and CFDs
Read the GMG Guide on Index Trading.
One of the biggest ETF based on the CAC 40 Index is the Lyxor CAC 40 ETF traded in the LSE (ticker: CACX). This ETF is gaining popularity because of the ease of trading, unlike futures or options where there are rollover costs and expiry dates.
On index futures, they usually expire on March, June, September, and December. The nearest futures are usually the most liquid.
However, bear in mind that the CAC Index is Euro-denomiated. If you are trading in the UK with, say, spread trading, you may be using sterling depending on the platform.
What is the attraction of French CAC Index?
The French CAC 40 Index is attractive to investors and traders alike because:
- Many CAC stocks are highly international and these companies derived their earnings globally
- CAC 40 offers good liquidity - as some of these stocks are huge (e.g. Total, Sanofi and Airbus) This means tighter spreads.
- CAC 40 offers a good exposure of leading consumer companies such as LVMH, Kering, and Danone.
French firms have benefitted from good economic growth and are expanding rapidly, like LVMH's takeover of Tiffany. As you can see from CAC 40's chart below, prices are marching upwards.
What drives the CAC 40 Index?
Stock markets are often driven by a wide variety of factors. For the French stock market, consumer growth is increasing important because of its exposure to the world consumption trends. Other important factors include:
- Trade factors (e.g., Tariff wars, exchange rate)
- Monetary factors (e.g., Quantitative Easing, rates movements, yield curve etc)
- Technical factors (e.g., new highs or lows)
- Earning factors (e.g., profitability and earnings momentum)
The CAC Index has a large financial component (AXA, BNP, SocGen), so ECB's QE may play an important role too.
Watch the Euro exchange rate as this may impact french exports/imports prices.
Seven-Point Guide on trading the CAC 40
To trade the CAC 40 profitably requires a good trading strategy. The following tips may help you to maximise your chances of trading the CAC 40 successfully over the long term.
- Understand your requirements for trading the CAC 40. Are you an intra-day or positional trader? Do you invest for the long term? Are dividends important?
- Research various technical (or fundamental) indicators to support the trading objective. There are many technical indicators that you can use, including
- Trend indicators like moving average
- Oscillators
- Support & resistance levels (see GMG Guide on Support/Resistance)
- Patterns like breakout and reversals
- Backtest these indicators if they are profitable over time. Select a few that you can understand. Check their pitfalls and signal variations over time. Put these indicators into a trading software and backtest. Is it profitable? Can you withstand the drawdown?
- Select the indicators that best suit the objectives. Once the initial backtest research is completed, setup a mock testing period of, say, six weeks. Assess the results. Are they good? Which type of indicators works better?
- Include risk management factors in your assessment. Important factors like position sizing, leverage levels, stop loss levels and risk-reward ratios must be specified. Trading without risk management is like driving without brakes and safety belts.
- Select trading platforms that support your operations. Capital requirements, platform fees, and trading capability are all important factors to look for. See the comparison table above.
- Commit capital and go live. Make sure that you drip feed capital into new strategies because there may be many things to iron out before you're comfortable with it. Stay discipline with your trading plan.
Alternative Indices For CAC 40 (France 40) Index Trading
You can read about the major indices in our guide to the best indices for index trading.
About The Author
Jackson has over 15 years experience as a financial analyst. Previously a director of Stockcube Research as head of Investors Intelligence providing market timing advice and research to some of the world’s largest institutions and hedge funds.
Expertise: Global macroeconomic investment strategy, statistical backtesting, asset allocation, and cross-asset research.
Jackson has a PhD in Finance from Durham University.