SMI 20 (SWI20)

Why Trade SMI 20 ‏(SWI20) with XM?

At XM we offer SMI 20 ‏(SWI20) as a cash CFD. Our cash CFDs are undated transactions that aim to replicate the cash price of the underlying instrument, and so they are adjusted for interest.

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Risk warning: FX and CFD trading involves a high risk of loss.

About SMI 20 ‏(SWI20)

The SMI 20 (SWI20) stands for Swiss Market Index, and as the leading blue-chip stock market index of Switzerland it has a strong national reputation for quality, reliability, and profitability. The index consists of the 20 largest and most liquid Swiss Performance Index market-capitalization stocks that include the most actively traded securities of companies based in Switzerland and the Principality of Liechteinstein.

The securities of the SMI 20 (SWI20) index represent over 90% of the entire trading volume of all Swiss and Liechtenstein equities listed on the SIX Swiss Exchange, Switzerland’s principal stock exchange. The SMI 20 (SWI20) index was first introduced in 1988, its components are examined once a year, and it is calculated in real time: an updated index level is calculated and displayed as soon as a new transaction takes place in any of the securities contained by the index.

Trading Conditions

Margin requirement 1 %
Spreads as low as 5
DescriptionSwitzerland 20
Min. Price Fluctuation0.01000
Value of Minimum Price FluctuationCHF 0.01
Value of 1 lot1 Switzerland 20 index
Max Trade Size100
Swap Value in Margin Currency Long-0.55
Swap Value in Margin Currency Short-0.95
Limit and Stop Levels**4
Trading time (server time) 09:05-22:55 (GMT +2)
** Only if Margin Level is over 100%

The SMI 20 ‏(SWI20) Companies

  • ABB
  • Adecco
  • Credit Suisse
  • Compagnie Financiere Richemont
  • Geberit
  • Givaudan
  • Julius Baer
  • Lafargeholcim
  • Lonza Group
  • Nestle
  • Novartis
  • Roche Holding
  • Swatch Group
  • SGS
  • Sika
  • Swiss Life Holding
  • Swiss Re
  • Swisscom
  • UBS Group
  • Zurich Insurance Group

How to Start Trading SMI 20 ‏(SWI20)?

Step 1

Open an XM Real Account

Step 2

Download and login to the MT5 platform

Step 3

Double-click on SMI 20 ‏(SWI20) from the “Market Watch” to open an order for this instrument.

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