AMSTERDAM & BERLIN & LONDON & SYDNEY–(BUSINESS WIRE)–FXCM Group, LLC (�FXCM Group or FXCM), the leading international provider of online foreign exchange trading, CFD trading and related services, is today releasing its data of most popular instruments for the month of October in its Single Share CFD and proprietary Stock Basket product lines.
FXCM offers fractional single share trading with no commission fees* on leading companies from the US, UK, France, Germany, the Netherlands, Hong Kong and Australia. FXCMs stock basket products combine the shares of multiple companies from one sector into a single tradeable instrument. The company currently boasts a portfolio of 16 stock baskets. The list of companies and weightings is available on FXCMs stock basket website (https://www.fxcm.com/uk/trading-baskets/stocks/)
October may be infamous for historic market crashes, but this year it was characterised by mostly solid earnings for the third quarter. The market has rallied in hope that the Federal Reserve may finally take a break from its series of aggressive rate hikes. As a result of strong tech earnings and market movements, both US and HK tech stocks climbed into the top 10 Tencent, Netflix, Google, Meta and Alibaba. There was no change at the top however, where Tesla and Apple remained the most traded shares.
Stock baskets saw a similar trend. FXCMs technology themed baskets dominated the top 10 with FAANG remaining at the top, followed by CHN.TECH and CHN.ECOMM, which surged back and joined the top three. US.BANKS is the only new comer into the top ten, ateighth spot. There were no significant changes at the bottom, where AIRLINES and CANNABIS complete the top ten.
Volume Rank | Monthly Rank Change | Company | Symbol |
1 | – | Tesla Inc | TSLA.us |
2 | ?1 | Apple | AAPL.us |
3 | ?8 | Tencent | TENC.hk |
4 | ?7 | Netflix | NFLX.us |
5 | ?4 | Amazon.com | AMZN.us |
6 | ?6 | Alibaba (HK) | BABA.hk |
7 | ?6 | | GOOG.us |
8 | ?3 | META Platforms | META.us |
9 | ?5 | DADA Nexus | DADA.us |
10 | ?4 | Xpeng | XPEV.us |
Volume Rank | Monthly Rank Change | Sector | Symbol |
1 | – | Big US Tech | FAANG |
2 | ?1 | China Tech | CHN.TECH |
3 | ?3 | China Ecommerce | CHN.ECOMM |
4 | ?2 | Biotech | BIOTECH |
5 | ?2 | Work From Home | WFH |
6 | ?1 | Big China Tech | ATMX |
7 | ?3 | Crypto Stocks | Cryptostock |
8 | ?4 | US Banks | US.BANKS |
9 | ?1 | Airlines | AIRLINES |
10 | – | Cannabis | CANNABIS |
Past Performance and popularity is not an indicator of future results.
Rank is derived from FXCM Client Volume
*When executing customers’ trades, FXCM can be compensated in several ways, which include, but are not limited to: spreads, charging commissions at the open and close of a trade, and adding a mark-up to rollover, etc. Commission-based pricing is applicable to Active Trader account types.
ENDS
About FXCM:
FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, and related services. Founded in 1999, the company’s mission is to provide global traders with access to the world’s largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards, and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime. FXCM is a Leucadia Company.
Forex Capital Markets Limited: FCA registration number 217689 (www.fxcm.com/uk)
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
71% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM EU LTD: CySEC license number 392/20 (www.fxcm.com/eu)
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
77% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited: AFSL 309763. By trading, you could sustain a total loss of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved. If you decide to trade products offered by FXCM AU, you must read and understand the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business on www.fxcm.com/au.
Contacts
Media contact:
Chatsworth Communications
+44 (0) 20 7440 9780
fxcm@chatsworthcommunications.com
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