CFDs are financial derivatives. Traders can easily trade various asset classes (including foreign exchange, stocks, commodities, and stock indices) price changes will produce long and short positions.
SPX500 CFD is also called Standard & Poor’s 500 or Standard & Poor’s for short. It is one of the world’s largest and most influential stock indexes. It is issued by Standard & Poor’s and tracks the prices of the 500 largest companies in the United States. The index is also tracked by the world’s largest ETF and the most actively traded futures contract. The largest holdings include Apple, Microsoft, Amazon and Berkshire Hathaway.
If you want to trade US stocks without actually choosing a single company, then SPX Index CFDs will provide you with the opportunity to trade the stocks of the 500 largest companies in the world’s largest economies. This is an easier way to enter the U.S. market because you do not need to open a U.S. stockbroker account.
Since 2009, the Standard & Poor’s 500 Index has experienced the longest bull market in history. During the global financial crisis, the S&P 500 went from less than 700 to nearly 3,000 in less than 10 years.
Low-interest rates and strong global economic growth have promoted this trend.
At XM, you only need a trading account to trade CFDs on the SPX50 index and other products around the world. In addition, XM also provides customers with the MT4 platform, which is recognized as the most advanced trading platform in the world. Registration is very easy, and you can start trading in just a few minutes.
Please check XM official website or contact the customer support with regard to the latest information and more accurate details.
XM official website is here.
Please click "Introduction of XM", if you want to know the details and the company information of XM.
(Forex Broker)
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!