To trade the dollar index, you need a forex broker like City Index, Forex.com or Pepperstone or a futures broker like Interactive Brokers or an investment account like Hargreaves Lansdown to buy an ETF that tracks it.
What is the US Dollar Index?
The US dollar index is an index based on the performance of the US dollar against a basket of other major currencies. It’s a popular way for traders and investors to gauge and speculate on the overall strength of USD, without having to trade it against other specific currencies.
Different Ways To Trade The Dollar Index:
- Use a futures broker to trade USINDEX.fs via futures contracts on exchanges like the Intercontinental Exchange (ICE) and get direct exposure to the index.
- Buy an Exchange-Traded Funds (ETFs) like the Invesco DB US Dollar Index Bullish Fund (UUP) which allows you to gain exposure to the DXY without trading directly in the futures market.
- Trade the individual pairs with a forex broker but as the US Dollar Index consists of a basket of currencies, including EUR/USD (57.6%), USD/JPY (13.6%), GBP/USD (11.9%), USD/CAD (9.1%), USD/SEK (4.2%) & USD/CHF (3.6%) that measure of the value of the United States Dollar relative to a basket of foreign currencies it is hard to trade as individual pairs and can be very expensive.
Best Futures Broker For Trading The Dollar Index In The UK
| Name | Logo | Futures Exchanges | Futures Commission | GMG Rating | Customer Reviews | CTA | Feature | Expand |
|---|---|---|---|---|---|---|---|---|
 | Futures Exchanges 35 | Futures Commission $0.25-$0.85 | GMG Rating | Customer Reviews | Visit Platform 59.7% of retail investor accounts lose money | Account Types:
| Interactive Brokers Futures Trading Review: Best Futures Broker 2025 Account: Interactive Brokers Futures Trading Description: Interactive Brokers offer one of the best futures trading platforms in the UK for both simple and complex trading strategies. Overall, Interactive Brokers is the cheapest major brokerage offering futures trading so is suitable for traders looking for discount execution from a well-established and capitalised company. Can you trade futures on Interactive Brokers (IBKR)? Yes, Interactive Brokers are one of the best (if not the best) futures brokers in our comparison matrix. IBKR offer very cheap futures trading on global exchanges for experienced clients. Interactive Brokers won “best futures broker” in our 2023, 2024 and 2025 awards as they provide very low trading costs, and institutional-grade futures trading platform and wide market access. Interactive Brokers offer one of the best futures trading platforms in the UK for both simple and complex trading strategies. Overall, Interactive Brokers is the cheapest major brokerage offering futures trading so is suitable for traders looking for discount execution from a well-established and capitalised company. Pros
Cons
Overall4.8 | |
 | Futures Exchanges 20 | Futures Commission $1-4 | GMG Rating | Customer Reviews | Visit Platform 62% of retail investor accounts lose money | Account Types:
| Saxo Futures Trading Review: Professional grade market access Account: Saxo Futures Trading Description: Yes, Saxo is one of the best futures brokers we compare. I would say their major competitor for futures tradering is Interactive Brokers, which is much cheaper, but Saxo offers a better personal service. Smaller retail brokers like Plus 500 are moving into the futures trading industry (as opposed to CFDs) but that is only to capture the US market. One key advantage of Saxo is that they are one of the few TradingView brokers that let you execute trades as DMA futures. Is Saxo good for futures trading? Saxo Markets won “best futures broker” in our 2022 awards as they offer a very robust futures trading platform, dedicated dealers and low costs. Overall Saxo Markets offer the best futures trading platform for the majority of semi-professional and institutional traders in the UK. They also offer access to the markets via CFDs and options for traders that want a more rounded service as well as investment options like physical shares dealing and investment bonds. Pros
Cons
Overall4.8 |
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