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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.

Benefits of trading SMI 20 ‏(SWI20) with XM:

Zero Commissions
Zero Fees
Low Margin Requirements
Spreads as low as 3.5

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

Open a Demo Account

Open an Account

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

The prices on the images above are for illustration purposes only.

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
Symbols	SWI20Cash
Description	Switzerland 20
Min. Price Fluctuation	0.01000
Value of Minimum Price Fluctuation	CHF 0.01
Value of 1 lot	1 Switzerland 20 index

Spreads as low as	5
Min/Max Trade Size MT4	1/12500
Min/Max Trade Size MT5	0.1/100
Swap Value in Margin Currency Long	-0.55
Swap Value in Margin Currency Short	-0.94
Limit and Stop Levels**	4