What is the SPX500?
CFDs, or Contracts for Difference, are derivatives that allow traders to easily gain long or short exposure to the price movements in various asset classes including forex, stocks, commodities, and in this case stock indexes.
The SPX500 CFD tracks the S&P500, or simply the S&P, its one of the largest and most widely followed stock indices in the world and is published by Standard and Poor’s as it tracks the prices of the 500 largest companies in the US. The index is also tracked by the largest ETFs in the world and the most actively traded futures contracts. Large holdings include Apple, Microsoft, Amazon and Berkshire Hathaway.
If you want to hold exposure to US stocks without actually selecting individual companies, the SPX index CFD will give you exposure to the 500 largest companies in the world’s largest economy. It’s an easier way to gain exposure to the U.S market as you won’t have to go through the process of opening an U.S brokerage account.
SPX500 Historical data
The rally has been fuelled by low interest rates and strong economic growth around the world.
How to trade SPX500 with EightCap
With EightCap you only need one trading account to trade CFDs on the SPX500 index and other asset classes around the world. In addition, EightCap offers clients the MetaTrader 4 and 5 platforms, widely regarded the most advanced trading platforms in the world. Signing up is easy and in just a few minutes you will be ready to start your trading journey.
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