Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets, CFDs, OTC options or any of our other products work and whether you can afford to take the high risk of losing your money.

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US Banks share basket

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Interval 30 min

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About US Banks

Our US Banks share basket focuses on some of the largest banks in the US, including multinational leaders such as Goldman Sachs, Wells Fargo, Bank of America, Citigroup and JPMorgan Chase. These are both investment banks and financial services providers, which offer additional services such as asset management, insurance underwriting, commercial services, mortgage handling and investment advice. Traders can speculate on the price movements of 20 US bank stocks by opening a single position, and our share baskets have lower holding costs and zero commission fees. However, other charges apply, so please see our platform for more details. View our live price chart and trading hours below and register for an account to spread bet or trade CFDs on our US Banks share basket.

Why 1 million+ global traders and investors* choose CMC1

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  • Access to 12,000 financial instruments

  • Lightning-fast execution2

  • 99.95%+ platform stability**

  • 99.9% fill rate with 0.0029s execution*

  • Tax-free profits on spread bets; no stamp duty on CFDs4

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Trading details

minimum spread
N/A
minimum size (new)
0.001
Shorting allowed
Yes
GSLO allowed
No

Holding costs

Daily - Sell
0.00
Daily - Buy
0.00
Yearly - Sell
0.00
Yearly - Buy
0.00

Margin rates

Tier Units Rates

Trading hours

(shown in London local time )

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FAQs

New to trading?

Is it free to open an account?

There's no cost when opening a live spread betting or CFD trading account. You can also view prices and use tools such as charts, Reuters news or Morningstar quantitative equity reports, free of charge. However, you will need to deposit funds in your account to place a trade.

What are the costs of spread betting and CFD trading?

There are a number of costs to consider when spread betting, including spread costs, holding costs (for trades held overnight which is essentially a fee for the funds you borrow to cover the leveraged portion of the trade), rollover costs on expiring forward trades, and guaranteed stop-loss order charges (if you use this risk-management tool).
See our costs

Is CMC Markets UK plc regulated by the FCA?

Yes, CMC Markets UK plc (registration number 173730) and CMC Spreadbet plc (registration number 170627) are fully authorised and regulated by the Financial Conduct Authority (FCA) in the UK. Retail client money is held in segregated client bank accounts and money held on behalf of clients is distributed across a range of major banks, which are regularly assessed against our risk criteria.

New to CMC Markets?

Is CMC Markets covered by the FSCS?

Yes, your eligible deposits with CMC Markets are protected up to a total of £85,000 by the Financial Services Compensations Scheme (FSCS), the UK's deposit guarantee scheme. More information about FSCS is available here

How does CMC Markets segregate client money?

Under the FCA's Client Money rules, we are required to segregate client money (unless you agree with us otherwise) from CMC's own funds. The funds held in segregated bank accounts do not belong to CMC and will be held in a way that enables it to be identified as client money. Learn more about client money regulations

How does CMC Markets make money?

Our income primarily comes from our spreads, while other fees, such as overnight holding costs, make a minor contribution to overall revenue.

We never aim to profit from our clients' losses. Our aim is to build long-term relationships by providing the best possible trading experience through our technology and customer service.

 

US Banks FAQ

What are some major banks in the US?

The top three US banks by assets under management (AUM) are JPMorgan Chase, Bank of America and Wells Fargo. These banks, and others, are constituents of our US Banks share basket, which you can trade on via spread bets and CFDs using a single position by opening an account.

What is the largest bank by market cap in the US?

JPMorgan Chase’s market cap of $488.47bn (as of January 2022) is the largest of any US bank, making it one of the most important financial stocks to watch. 

Are US banks high risk to trade on?

The financial sector is sometimes considered to be less risky than others, but that is not to say US banks come without risk. Market influence, client sentiment, and interest rates can still have a large impact on the price of banking stocks. Read our trading risk-management guide to get a further understanding of how it works.   

11.621 million unique user logins for the CMC Markets invest, CFD and spread betting platforms globally, as at August 2024.
20.0030 seconds CFD median trade execution time, 1 April 2022-31 March 2023.
399.97%+ core platform uptime, 1 April 2022-31 March 2023.
4Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK