US Banks
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US Banks
Our US Banks share basket focuses on some of the largest banks in the US, including multinational leaders such as Goldman Sachs, Wells Fargo, Bank of America, Citigroup and JPMorgan Chase. These are both investment banks and financial services providers, which offer additional services such as asset management, insurance underwriting, commercial services, mortgage handling and investment advice. Traders can speculate on the price movements of 20 US bank stocks by opening a single position, and our share baskets have lower holding costs and zero commission fees. However, other charges apply, so please see our platform for more details. View our live price chart and trading hours below and register for an account to trade CFDs on our US Banks share basket.
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A contract for difference (CFD) is a derivative product which enables you to trade on the price movements of underlying financial assets (such as forex, indices, commodities, shares and treasuries). It's an agreement to exchange the difference in the value of an asset from the time the contract is opened until the time it's closed.
With a CFD, you never actually own the asset or instrument you're trading, but you can still benefit if the market moves in your favour, or make a loss should the market move against you.
Trading CFDs involves trading on leverage, which means that you can enter a position with a set initial deposit, known as the margin requirement. It's important to remember that leverage amplifies your gains and losses in equal measure, based on the full value of the trade, and not just the initial margin amount. Learn more about CFD trading