Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

Compare Brokers to Trade Self-Driving Stocks

For our self-driving stocks comparison, we found 22 brokers that are suitable and accept traders from United States of America.

We found 22 broker accounts (out of 147) that are suitable for Self-Driving Stocks.

  • FILTER
IG

Spreads From

EURUSD 0.6 points See all spreads

What can you trade?

  • Forex
  • Cryptocurrencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About IG

  • Regulated by: Financial Conduct Authority and ASIC.
  • Used by 195,000+ traders.
  • Established in 1974 HQ in UK.

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

Open a demo account

See Deal

75% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Read our in-depth IG review

Account type
EUR/USD Spread From
Commission
Execution
Min. Deposit
CFD
0.6
Fixed Spreads
Yes on share CFDs
STP
$250
Spread Betting
0.6
Fixed Spreads
None
STP
$250
Share Dealing
None
Fixed Spreads
£5
DMA
$250
Forex.com

Spreads From

EURUSD 1.0 points See all spreads

What can you trade?

  • Forex
  • Cryptocurrencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About Forex.com

  • Regulated by: Financial Conduct Authority.
  • Established in 1999 HQ in United States.

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

Open a demo account

See Deal

69% of retail investor accounts lose money when trading CFDs with this provider

Read our in-depth Forex.com review

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The Ultimate Guide to

How to trade self-driving car stocks

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.

Advantages of trading self-driving car stocks with a regulated online broker

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. 

Fundamental influences of self-driving cars

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.

Facts/Bullets

  • According to analyst data, Waymo’s driverless car business is worth between $105bn and $175bn
  • There are five key levels to automation – with level two autonomy currently the most advanced available version of the technology
  • Level two autonomy, which gives the vehicle full control of the steering, throttle, and brakes, is already featured in some vehicles including the Mercedes S-Class and Tesla Model S
  • Level five autonomy, where the car can safely complete a journey entirely on its own without driver interference, is unlikely to become a reality until at least 2025

Why Choose IG
For Self-Driving Stocks?

IG 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 IG scored highly in:

  • 44+ years in business
  • Offers 10,000+ instruments
  • A range of platform inc. MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.60pips
  • Used by 195,000+ traders.
  • Offers demo account
  • 4 languages

IG offers four ways to tradeForex, CFDs, Spread Betting, Share dealing. 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.

IG have a AAA trust score. This is largely down to them being regulated by Financial Conduct Authority and ASIC, segregating client funds, being segregating client funds, being established for over 44

Trust Score comparison

IG Forex.com
Trust Score AAA AAA
Established in 1974 1999
Regulated by Financial Conduct Authority and ASIC Financial Conduct Authority
Uses tier 1 banks
Company Type Private
Segregates client funds

A Comparison of IG vs. Forex.com


Want to see how IG stacks up against Forex.com? We’ve compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
IG Forex.com
Fixed Spreads
Variable Spreads
EUR/USD Spread 0.60 1.00
GBP/USD Spread 0.9 0.9
USD/CAD Spread 1.7 0.9
USD/JPY Spread 0.70 0.90
DAX Spread 1.0 250.0
FTSE 100 Spread 1.0 150.0
S&P500 Spread 0.4 50.0

Comparison of account & trading features

IG Forex.com
Platform MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps MT4, Web Trader, NinjaTrader, Tablet & Mobile apps
Services Forex, CFDs, Spread Betting, Share dealing Forex
Base currency options USD, GBP, EUR, CHF, JPY, SGD, AUD USD, GBP, EUR
Funding options Payoneer, Credit cards, Bank transfer, PayPal, MasterCard, BPAY, DebitCard, Bank transfer, Cheque, DebitCard,
Micro account
ECN account

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