FXCM’s share CFDs and stock baskets led by TSLA and Big US Tech FAANG in November

Rick Steves

No significant changes in the stock baskets, as US and China Tech baskets lead the way, as they did in October.

FXCM has released data on its most popular instruments for the month of November in its Single Share CFD and proprietary Stock Basket product lines.

The provider of online trading offers fractional single share products with no commission fees on leading companies from the US, UK, France, Germany, the Netherlands, Hong Kong, and Australia.

FXCM boasts a portfolio of 16 stock baskets

The broker’s 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.

November is traditionally a month of increased consumer spending, with the holiday season around the corner, the firm explained, adding that there were no major shifts in the stocks traded.

However, as the usual suspects occupy the top three spots – Tesla, Apple and Google – Hong Kong listed stocks suffered a decline, with only Tencent and Alibaba remaining in the top 10. NVIDIA and AMD’s popularity increased last month with the two tech hardware manufacturers making it into the top 10.

No significant changes in the stock baskets, as US and China Tech baskets lead the way, as they did in October. The Cannabis and US Banks have had a spike in interest, climbing up from the bottom towards mid-table. Work from Home and Crypto Stocks have been less popular, falling three spots.

As to the list of Single Share CFD and proprietary Stock Basket product lines for the month of November at FXCM, the list is below:

Top 10 of Single Share CFDs at FXCM

1 – Tesla Inc TSLA.us

2 – Apple AAPL.us

3 ↑4 Google GOOG.us

4 ↑4 META Platforms META.us

5 – Amazon.com AMZN.us

6 ↓2 Netflix NFLX.us

7 ↓4 Tencent TENC.hk

8 ↑9 AMD AMD.us

9 ↓3 Alibaba (HK) BABA.hk

10 ↑4 NVIDIA NVDA.us

TOP 10 of proprietary Stock Baskets at FXCM

1 – Big US Tech FAANG

2 – China Tech CHN.TECH

3 ↑1 Biotech BIOTECH

4 ↑2 Big China Tech ATMX

5 ↓2 China Ecommerce CHN.ECOMM

6 ↑2 US Banks US.BANKS

7 ↑3 Cannabis CANNABIS

8 ↓3 Work From Home WFH

9 – Airlines AIRLINES

10 ↓3 Crypto Stocks Cryptostock

Read this next

Technology

XCritical integrates with Brokeree Solutions, allowing its clients to launch copy trading 

The forex software provider – XCritical, has integrated Social Trading by Brokeree Solutions into their CRM system.

Industry News

HKEX partners with Saudi exchange for cross listings, ESG, Fintech

“The Kingdom of Saudi Arabia, and the broader Middle Eastern region, are one of the world’s most dynamic and exciting economic and innovation hubs and also home to some of the fastest growing investor groups in the world. Hong Kong and HKEX’s markets offer significant opportunities for international investors and corporates, including unrivalled connectivity to the Mainland Chinese markets through our unique Connect programmes. This agreement signals the beginning of even greater collaboration between our companies and our home markets, and we look forward to exploring many future areas of cooperation.”

Executive Moves

CMC Markets Connect relocates APAC team led by Peter Foster to Singapore

“Singapore is a vibrant city and is now undoubtedly seen as Asia’s leading financial hub. The decision to bolster the CMC Markets Connect team here will help us cement the company’s position as a leading provider of multi asset liquidity and comprehensive trading solutions across the region.”

Retail FX

Italian watchdog red flags Olympus Brokers, UnicoFX and Allfina Group

Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB) has shut down new websites in an ongoing clampdown against firms it accuses of illegally promoting investment products in the country.

Retail FX

XTB revenues hits zł1.45 billion in 2022, Q4 earnings disappoint

Poland-based Forex and CFDs broker, XTB has reported its final results for Q4 of 2022 and the full fiscal year ending on December 31, 2022, showing one of its most successful corporate years.

Executive Moves

Lirunex Limited recruits Waleed Salah as head of MENA sales

Maldives-based brokerage firm Lirunex Limited has secured the services of Waleed Salah, who joined the company in the role of its head of sales for the MENA region.

Executive Moves

Trading 212 parts ways with co-founder Borislav Nedialkov

Trading 212 has a void to fill at its FCA-regulated business in London, following the departure of two key players, Raj Somal and Borislav Nedialkov.

Digital Assets

Binance acquires troubled crypto exchange GOPAX

Binance, the world’s largest digital asset trading platform, has reportedly acquired a majority stake in the troubled South Korea-based cryptocurrency exchange GOPAX.

Digital Assets

Kraken exits Middle East, closes UAE office

Digital currency exchange Kraken will close down its operations in Abu Dhabi, UAE and lay off the majority of its team focused on the Middle East and North Africa.

<