CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data. *Availability subject to regulation.
Investors have been gearing up for the arrival of self-driving cars as the reality of autonomous driving edges ever closer.
Various industry reports estimate the driverless car industry could be worth anything between $40bn and $80bn over the next decade once these revolutionary vehicles become a reality on the roads.
While there are no self-driving cars on the market as yet, investors can get in on the game by trading in companies leading the development of driverless technology.
The main sensor technology behind driverless cars is lidar, which uses light wavelengths to identify objects around the car.
Alphabet Inc subsidiary Waymo is recognised as having one of the most sophisticated lidar systems, clocking up the most driverless miles of any company (over 10 million miles as of the end of 2018).
Backed by Alphabet’s huge capital (Alphabet also happens to own Google), Waymo is continuing to grow. Last year the company launched Waymo One, its first commercial ride-hailing service, to a very select number of riders. Meanwhile, the firm recently stated it is actively looking at new ways to sell its technology to carmakers.
Car manufacturer Tesla, which specialises in electric vehicles, is also a major player in self-driving tech. It is using a mixture of ultrasonic, radar and passive sensors, which it says can achieve similar results to a lidar system, but at a lower cost.
Founded in 2003 by charismatic CEO Elon Musk – Tesla’s profits have been somewhat volatile over the last few years due to high production costs and delivery delays.
Nevertheless, Tesla’s backers are confident about the firm’s long-term success, especially if it proves to be a leader in the driverless sector. The California-based company also surprised the market in October 2019 by announcing better-than-expected third-quarter revenues of $6.3bn.
Tesla also gave shareholders a boost by revealing it is ahead of schedule with a new factory in Shanghai.
This sent its share price soaring by over 20% to $308.00 on 23 October, 2019 – the highest level since February.
One of the best ways to start building such a portfolio is to use a trading platform, which in the UK are authorised and regulated by the Financial Conduct Authority.
eToro, for example, adheres to strict rules when it comes to trading and its customers are afforded additional protection as a result of them being regulated by the FCA.
Of course, if your investment happens to crash rather than take off into poll position then the responsibility lies squarely at your feet – it pays to do your research, only invest what you are willing to lose and remember that stocks can (and often do) go down as well as up.
The apparent benefits of driverless cars – including improved road safety, better mobility, and reduced congestion – has pushed a number of companies to explore this emerging market.
Swedish car manufacturer Volvo, for example, has been working on a fully autonomous version of its XC90 sports utility vehicle for the ride-hailing app Uber.
Meanwhile, Mercedes and BMW have joined forces to develop a fully driverless vehicle for consumers, which could be available by 2024.
Other big hitters eyeing up this next-generation industry include Jaguar Land Rover, which has partnered with Waymo in the hopes of making around 20,000 driverless versions of its electric I-Pace vehicle, while Suzuki and Toyota formed an alliance in August 2019 which will see them work collaboratively on an autonomous driving solution.
Self-driving cars without human supervision will also be tested on UK public roads by the end of 2019. The UK’s Department Transport said these advanced trials would put the UK at the forefront of the industry. The country plans to have self-driving cars on its roads as soon as 2021 – if key concerns over the safety of driverless technology is overcome by then.
Forex.com scored best in our review of the top brokers for self-driving stocks , which takes into account 120+ factors across eight categories. Here are some areas where Forex.com scored highly in:
Forex.com offers one way to tradeForex . If you wanted to trade EURUSD
The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.
Forex.com have a AAA trust score . This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being segregating client funds, being established for over 19
|Regulated by||Financial Conduct Authority|
|Uses tier 1 banks|
|Segregates client funds|
Want to see how Forex.com? We’ve compared their spreads, features, and key information below.
|USD/JPY Spread||0.90||DAX Spread||250.0|
|FTSE 100 Spread||150.0|
|Platform||MT4, Web Trader, NinjaTrader, Tablet & Mobile apps|
|Base currency options||USD, GBP, EUR|
|Funding options||Bank transfer, Cheque, DebitCard,|