24option has joined the CFD bandwagon offering a new and improved platform where you can trade CFDs on stocks. Some of the companies that you can choose to trade CFDs are Google (Alphabet), Apple, Netflix, and Amazon among many others.
CFD in a nutshell
CFD or Contract for Difference is one of the most popular instruments today where you can trade on the value of underlying assets without any hidden fees. When you’re trading stock CFDs, you are speculating on its price movement without actually buying or selling the stock and the profit or loss shall be determined based on the difference between the starting value and the closing value of the position.
Why trade CFDs?
Among the advantages of trading stock CFDs is that you can choose from a wide range of global corporations in different markets. You can also utilize the leverage to increase your trading volume even if you have a small capital although you have to keep in mind that as much as it works for you, it may work against you.
With 24option, you’ll get access to various tools that can help you in improving your trading style. So what are you waiting for? Sign-up today with this award winning broker and start trading CFDs!
*Forex/CFD trading involves substantial risk and may result in a loss greater than the invested capital