There’s no question that the coronavirus pandemic have caused global markets to respond with record-breaking volatility but it seems that it’s not all bad news.
Recent data revealed that there has been as surge in the number of users who are finding opportunities to trade online and this has caused stock markets to rally in the wake the on-going pandemic.
And with many people forced to stay at home to curb the spread of the disease, a significant increase in newly opened online trading accounts has been reported by popular brokerages as individual investors try to capitalize on these big opportunities in the global financial markets.
Along with challenges, there are also opportunities in the midst of a global health crisis and with the current technology that we have, more people are now able to access the internet and are finding ways to learn new skills particularly millenials.
The trend is not only for those who want to try their hand in investing online but also for those who want to expand their trading portfolios.
Plus500, a licensed CFD service provider, reported almost 200,000 new client registrations during the first half of 2020 and the company’s total revenue surged to around $564.2 million as compared to their $148 million record for the same period last year.
This can be attributed to an increase in market volatility which usually tends to drive more activities from traders that can now access their accounts online from their brokerage’s platforms.
Plus500’s proprietary platform, for example, can be accessed via a web browser or an app that can be installed on a PC running on Windows or Mac, or smartphones/tablets that are powered by iOS or Android.
This simple and intuitive platform allows their users to trade on a large variety of instruments including CFDs on shares, forex, commodities, indices and even cryptocurrencies.
As most experts recommend:
If you want to take advantage of the ups and downs in the global financial markets then it would be best to have a diversified portfolio but it is also important to remember that CFDs are highly leveraged over-the-counter derivatives and may not be suitable for all investors.