Basket Indices

Dear Members,

SmartFX is known as Basket indices. These indices allow you to trade your favorite commodity or currency against a basket of major currencies, each weighted by 20%. A basket option is a type of financial derivative where an underlying asset is a group, or basket, of commodities, securities, or currencies . As with other options, a basket option gives the holder the right, but not the obligation, to buy or sell the basket at a specific price, on or before a certain date.

Trade basket indices on Deriv

Trade your favorite currency against a basket of major currencies and benefit from reduced risk and volatility.

  1. Each currency weighted by 20%
  2. High leverage, tight spreads
  3. Responsive, easy-to-use platforms
  4. Advanced charting widgets
  5. Convenient deposit and withdrawal methods

Screenshot 2022-08-24 7.19.44 PM

Hope this information helps :bulb:

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