Pepperstone has introduced 24-hour CFD trading on US equities and it will make the new service available to clients via the MT5, cTrader, and TradingView platforms.
There are no additional trading charges and no minimum ticket charge, with commissions from just $0.02 per share.
The new service will allow clients to trade popular US stocks, such as Apple and Nvidia, around the clock, allowing them to take advantage of any overnight news or events that could affect equity prices.
Equity CFDs or Contracts for Difference are cash-settled, non-deliverable contracts that provide clients with an economic interest in the rise and fall of a stock’s share price without conferring ownership of the underlying stocks.
CFDs are leveraged by the CFD broker, providing the client with a much larger exposure to the underlying instrument, than they could afford in the cash market, with the same account balance.
In effect, the broker lends the client the additional funds to control that larger position and levies a funding charge on the client’s account, if the CFD is held overnight.
Though trades closed within a business day do not attract funding charges.
Out-of-hours trading has become increasingly popular and some of the biggest moves in the prices of US equities come pre and post-market these days. For example, US Technology stocks often report earnings after the market close.
Yet, there can be limited liquidity out of hours, and traders need to factor this into their strategies, but overall the ability to enter or exit a US equity CFD trade, 24 hours a day is a bonus.
Compare Pepperstone to other US stock trading platforms below:
| US Stock Trading Platform | US Stocks Available | US Stock Trading Costs | GMG Rating | More Info | Risk Warning |
|---|---|---|---|---|---|
 | 2,000 | 1.8¢ per share | See Platform | 69% of retail investor accounts lose money when trading CFDs with this provider | |
 | 2,000 | 1.8¢ per share | See Platform | 74% of retail investor accounts lose money when trading CFDs with this provider. | |
 | 890 | 2¢ per share | See Platform | 75.3% of retail investor accounts lose money when trading CFDs with this provider | |
 | 2,110 | 0.15% (max $3.5) | See Platform | 64% of retail investor accounts lose money when trading CFDs with this provider | |
 | 993 | 0.7% | See Platform | 80% of retail investor accounts lose money when trading CFDs with this provider. | |
 | 6,352 | 0.1% | See Platform | 69% of retail investor accounts lose money when trading CFDs and spread bets with this provider. | |
 | 1,000 | 1¢ per share | See Platform | 65% of retail investor accounts lose money when trading CFDs with this provider | |
 | 4,968 | 2¢ per share | See Platform | 68% of retail investor accounts lose money when trading CFDs with this provider | |
 | 1,080 | 0.08% | See Platform | 75% of retail investor accounts lose money when trading CFDs with this provider | |
 | 3,500 | 0.003% | See Platform | 60% of retail investor accounts lose money when trading CFDs with this provider | |
 | 2,019 | 0% | See Platform | 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money | |
 | 500 | 0% | See Platform | 71% of retail investor accounts lose money when trading CFDs and spread bets with this provider | |
 | 3,007 | From 0.03c | See Platform | 66.95% of retail investor accounts lose money when trading CFDs with this provider |
With over 35 years of finance experience, Darren is a highly respected and knowledgeable industry expert. With an extensive career covering trading, sales, analytics and research, he has a vast knowledge covering every aspect of the financial markets.
During his career, Darren has acted for and advised major hedge funds and investment banks such as GLG, Thames River, Ruby Capital and CQS, Dresdner Kleinwort and HSBC.
In addition to the financial analysis and commentary he provides as an editor at GoodMoneyGuide.com, his work has been featured in publications including Fool.co.uk.
As well as extensive experience of writing financial commentary, he previously worked as a Market Research & Client Relationships Manager at Admiral Markets UK Ltd, before providing expert insights as a market analyst at Pepperstone.
Darren is an expert in areas like currency, CFDs, equities and derivatives and has authored over 260 guides on GoodMoneyGuide.com.
He has an aptitude for explaining trading concepts in a way that newcomers can understand, such as this guide to day trading Forex at Pepperstone.com
Darren has done interviews and analysis for companies like Queso, including an interview on technical trading levels.
A well known authority in the industry, he has provided interviews on Bloomberg (UK), CNBC (UK) Reuters (UK), Tiptv (UK), BNN (Canada) and Asharq Bloomberg Arabia.
You can contact Darren at darrensinden@goodmoneyguide.com
