Tesla remains most popular stock CFD at FXCM during October
FXCM has released 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, Hong Kong and Australia. FXCM’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 14 stock baskets. The list of companies and weightings is available on FXCM’s stock basket website.
Tesla has been the top single share instrument for three consecutive months, followed by Apple, Amazon, and Facebook, soon to be known by the new symbol MVRS after its rebranding to Meta in late October. PayPal Holdings joined the top 10 club for the first time, slotting in above NVIDIA and Alphabet.
FXCM added that it was also a big month for Biotechnology, which jumped eight places from 10th to be the second highest basket in October, trailing only FAANG in FXCM customer interest. On the other hand, the only HK listed basket ATMX (Big China Tech), the Chinese equivalent of FAANG, fell from No. 2 in September to No. 9 in October as traders’ interests were predominantly on the US market.
Most popular CFDs/Stocks in October:
Volume Rank | Monthly Rank Change | Company |
1 | – | Tesla Inc |
2 | ↑2 | Apple Inc |
3 | ↑2 | Amazon.com Inc |
4 | ↑3 | Facebook (Meta Platforms Inc) |
5 | ↓2 | Alibaba Group Holding Ltd ADR |
6 | ↓4 | Tencent Holdings Ltd |
7 | ↑2 | Boeing Company |
8 | New to Top 10 | PayPal Holdings Inc |
9 | ↓3 | NVIDIA Corporation |
10 | ↑1 | Alphabet Inc |
Most popular Stock Basket sectors in October:
Volume Rank | Monthly Rank Change | Sector |
1 | – | Big US Tech |
2 | ↑8 | Biotechnology |
3 | ↑1 | China Tech |
4 | ↑1 | China Ecommerce |
5 | ↑2 | US Banks |
6 | ↑3 | Cannabis |
7 | ↓1 | Airlines |
8 | – | Travel & Hospitality |
9 | ↓7 | Big China Tech (HKD Basket) |
10 | ↓5 | US E-Commerce |