Global provider of online trading CMC Markets Plc (LSE:CMCX) has just announced that it now starts offering its clients the ability to spread bet and trade CFDs on the US Fang Plus index, including highly-traded growth stocks such as Facebook, Amazon, Netflix, Alibaba and Baidu.
Just a week ago, CMC Markets added CFDs trading on another seven cryptocurrencies and started offering spread betting as well.
David Fineberg, Deputy Chief Executive Officer, commented:
As a company we’re always ready to add products which are relevant to our clients’ trading needs. The technology boom shows no signs of abating and we already see significant volumes for individual stocks in this sector, so we expect offering convenient access to such a well-regarded global index to be a popular proposition.
The US Fang + includes the shares of Facebook, Amazon, Apple, Netflix, Alphabet (formerly Google), Alibaba, Baidu, NVIDIA, Tesla and Twitter. According to an ICE Exchange report, the NYSE FANG+ Index would have returned a 24.2% annualised total return from 19 September 2014 to 29 March 2019, compared with 15.21% for the technology-centric NASDAQ 100.
Margins start from 2% for professional clients and 10% for retail clients. Minimum position sizes begin from £0.1 per point, up to a maximum of 1,000 contracts for CFD clients.