How many Tesla (TSLA) Stock CFDs Can I Buy At IC Markets For $1.000
How Many Tesla Stocks
The current price of Tesla stock CFDs is $170.31. As of today, you can buy 5 CFDs of the company's stocks for $1,000 without leverage.
Additionally, IC Markets offers traders the opportunity to trade Tesla stocks with a leverage up to 1:20. With this leverage size traders can buy up to 117 stock CFDs.
Up to 75.93% of the broker’s non-professional clients incur losses when trading CFDs.
Key facts to know
- Minimum deposit - 200 USD.
- Micro-lot trading.
- Order execution speed - 40 ms, compared to the market average of 100-200 ms.
- Additional platform for professional trading - cTrader.
The maximum leverage offered by a Forex broker may vary across different jurisdictions, depending on the regulatory requirements. The leverage indicated here applies specifically to the EU and UK markets.
The calculation of the maximum available shares is based on the closing price of the previous trading session.
Tesla Price Online
Is Tesla Stock a Buy or Sell Today?
Short-term TSLA price forecast (signals) are prepared by Traders Union based on the technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe that you need to learn the TSLA forecast for today.
Signals may differ on different time frames. If you want to buy Tesla (TSLA) and hold the stock for longer than one week, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions!
IC Markets CFD Trading Costs
Trader's Union (TU) calculated the trader's costs for purchasing TSLA stock CFDs. The overall costs for traders when trading stocks typically include the spread, and some brokers also charge a CFD trading fee.
| IC Markets | FxPro | eToro | |
|---|---|---|---|
| TSLA stock CFD spread, points | 0.23 | 0.53 | 0.69 |
| Total cost for $1.000 lot TSLA stock CFD, USD | 1.35 | 3.11 | 4.05 |
CFD brokers may have additional commissions for trading stocks. For example, many brokers offer almost zero spread on ECN accounts, but there is a fixed commission per 1 full lot. There is also a swap fee for carrying over a position to the next day. For more details about commissions, please refer to the broker's website in the trading conditions and contract specifications.
What factors will affect Tesla stock price in the future?
Key factors that influence the Tesla (TSLA) stock price:
- Fundamental macroeconomic factors. Electric cars belong to a group of products with high elasticity of demand, which means that stagnation in the global economy may result in a sharp drop in demand. And vice versa, the demand will grow if the U.S. and the global economies show positive dynamics.
- Competition factor. For the moment, Tesla remains the leader in the electric car segment. However, if BMW or Renault offer less expensive electric cars with better specifications, Tesla stock will drop.
- The factor of influence of media personalities. Elon Musk, known for his extraordinary behavior, is considered one of the founders and ideologies of Tesla. Musk’s statements regarding Tesla, sale of electric cars for Dogecoin and other news may sharply increase the volatility of the shares.
Also marketing campaigns and the image of the electric car segment can influence the quotes. The world is gradually transitioning to alternative energy sources, including electricity. Popularization of electric cars will increase the demand, but their high price and maintenance costs remain the main obstacles.
Also you can learn TSLA stock price prediction for 2024, 2025, 2030.
CFD Trading Risks And Trading Examples
- Fundamental factors. The risk of news emergence that can quickly turn the price in the opposite direction at any moment.
- Risk of high volatility and low liquidity. During periods of increased volatility, market liquidity decreases. This can lead to wider spreads and slippage. You might not be able to close a trade because there are no counterparties.
The best tool to protect against such risks is the placement of a stop-loss or trailing-stop order.
A key risk that traders often take is associated with excessive leverage. Leverage helps to increase the volume of a trade and potential profit, but at the same time, it can quickly lead to the loss of the deposit. Most beginners lose money due to risks associated with excessive use of leverage. To use leverage wisely, it is essential to thoroughly understand the rules of risk management in Forex trading.
Suppose you have $100 free. A stock is priced at $50.
- Without leverage. You can buy 100/50 = 2 shares.
- With a 1:100 leverage offered by the broker. You can control an amount 100 times larger, allowing you to purchase 100×100/50 = 200 shares.
If the stock price increases by 5 pips, from $95.22 to $95.27.
In the first case (without leverage) your profit would be 0.05×2 = $0.10. In the second case (with leverage) your profit would be 0.05×200 = $10. Thanks to the leverage, you increased the volume of the transaction and earned a sum 100 times greater. However, if the price moves in the opposite direction of your forecast, you would incur a loss 100 times greater than in a non-leveraged transaction. This exemplifies the inherent risk of using leverage.
How to Choose CFD broker
Step-by-step algorithm for choosing a CFD broker:
Define your goals.
For example:
- You're interested in a broker that allows investing in tech company stocks and stock indices.
- You're keen on passive investing, so you need a broker with a social trading service.
- You require a broker with the lowest possible initial deposit, cent accounts, and maximum leverage - for training with small transaction volumes.
Understanding your goals will help you identify key selection criteria.
Familiarize yourself with the trading conditions.
Pay attention to the following aspects:
- Spread size.
- Types of trading platforms.
- Commission for depositing and withdrawing funds, and the minimum withdrawal amount.
- Available trading assets.
- Size of leverage.
Additional Criteria:
- Read reviews. Pay close attention to reviews with comprehensive arguments and facts. Reviews are not the key criterion for selection, as they can be subjective and part of unfair competition policies. However, they can be somewhat indicative. Also indicative is the broker's response to negative reviews.
- Availability of additional unique tools. Autochartist, trade advisor constructor, calculators, etc. These are desirable, but they are also available on analytical resources.
- Technical support. The speed, accuracy, and usefulness of the response are important.
Objectively, there is no best or worst broker. There is a broker that is most comfortable for you: a broker with the best trading conditions, the best set of tools, etc. Find a broker that suits you - visit the Forex Best Brokers ranking, set up the trading platform, and test each company on a demo account. A little patience, and the best broker will be with you!