FXCM now offers Stock Baskets that allow you to speculate on the performance of a certain sector without having to open exposure on each stock individually. Trading a stock basket is simple, if you think the performance of that sector will improve, you go long (Buy), if you think the sector will weaken you go short (Sell).
What is an FXCM Stock Basket
FXCM's Stock Baskets contain a number of individual stocks relating to a specific sector.
At the time of the baskets inception, each stock was given a value in $ terms. The baskets will from that point forward measure the collective performance of each of the correlated components.
FAANG's original price was $2,000 and Netflix represented $400 of that $2,000
If today that same amount of Netflix shares that were worth $400 is now worth $415, that stocks contribution to FXCM's FAANG price will be 415.
The contribution of each of the stocks will formulate the current rate of FXCM's FAANG Index.
You can enable the available instruments on your account today by typing either STOCK BASKETS, FAANG, CANABBIS, ESPORTS, BIOTECH, CHN.TECH, CHN.ECOMM, TRAVEL, US AUTO, US BANKS, US E-COMMERCE or WFH into the search box on the Trading Station Symbols list window.
There is no additional entry or exit cost, all is included in the spread.
Positions held past 5pm will be subject to overnight financing ("Rollover").
Dividend Adjustments and Withholdings will apply to positions held over the ex-dividend dates of the individual components.
Margin rates are currently approximately 15% for CANNABIS, 10% for all other baskets and are updated daily.
Products are available only when the underlying stock exchanges are open.
Spreads Widget: When static spreads are displayed, the figures reflect a time-stamped snapshot as of when the market closes. Spreads are variable and are subject to delay. Single Share prices are subject to a 15 minute delay. The spread figures are for informational purposes only. FXCM is not liable for errors, omissions or delays, or for actions relying on this information.
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