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Learn · Order Flow

FDAX

The DAX 40 futures contract, listed on Eurex. Big tick value (€25 per point), deep book: an ideal order-flow playground — that very few prop firms offer.

The FDAX is Eurex's flagship future: it tracks the DAX 40, the index of Germany's 40 largest companies. One point is worth €25 (the Mini-DAX, FDXM, is €5), liquidity concentrates on the European session and the book is deep enough for liquidity walls and absorptions to read very cleanly on a heatmap. On the funded-account side it's a rarity: nearly all prop firms stop at CME — Phidias is among the very few opening Eurex.

Example

9:05am: a sell wall refills three times at the same price on the FDAX → likely session ceiling.

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