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Trade Cannabis Index and Share CFDs at Plus500
Trade smokin’-hot medical marijuana index and stocks: Aphria, Aurora Cannabis, Canopy Growth, Tilray and more with our leading CFD trading platform. You can also use our advanced trading tools to control your profits and losses.
Leveraged Trading on the Cannabis Trend
Enjoy leverage of up to 1:5 on cannabis share CFDs. You can start trading with as little as £100 to gain the effect of £500 capital!
Trade Cannabis Index and Popular Shares CFDs
Plus500 offers a variety of CFDs on leading producers of medical cannabis-related products (and cannabinoid derivatives), such as Tilray, Aurora Cannabis and GW Pharmaceuticals.View our cannabis shares
Control your Profits and Losses
Use our risk management tools to gain better control when trading on rather volatile instruments such as cannabis shares. Set Stops and Limits to lock in your profits and minimise losses.Go to risk management
You can find a list of some of the most traded medical cannabis shares, listed on leading global stock exchanges, within our CFD trading platform cannabis shares category. We often add new popular medical marijuana stocks according to recent trends, as well as in response to our customers' requests.
We also offer CFDs on a cannabis index of the most popular stocks on the market, allowing you to trade the cannabis industry trend as a whole, as opposed to “cherry-picking” specific cannabis stocks.
Trading medical marijuana stocks with Plus500’s CFD platform offers several advantages, including:
- Leverage of up to 1:5 on all cannabis-related shares.
- Tight spreads as well as no trading commissions.
- Access to advanced risk management tools, most of which are completely free of charge.
The medical marijuana market has seen significant changes over the last years, especially in light of the legalisation of cannabis for medical and recreational use in some countries across the globe, and the growing interest in medicinal marijuana products that contain common cannabinoids such as THC or CBD.
Most cannabis and cannabinoid-based biotech firms are engaged in increasing their production capacity and output in order to meet the rising demand for medicinal cannabis products. Companies such as Canopy Growth and Tilray have experienced exponential growth in terms of volume, yet are also highly exposed to volatility and price swings.
Plus500 offers risk management tools which can help you when trading CFDs on cannabis shares. Among these are stop orders that allow you to set a specific rate at which you would like your position to close:
- To protect your profit, use ‘Close at Profit’ order.
- To minimise potential losses, use ‘Close at Loss’ or ‘Trailing Stop’.
- To ensure your position closes at the exact rate you have set, use the ‘Guaranteed Stop’.
Note that Close at Profit and Close at Loss orders do not guarantee your position will close at the exact price level you have specified. When using the ‘Guaranteed Stop’ feature, your trade is subject to a wider spread.
Below is an example of how the Close at Loss order works when trading on a marijuana-related stock CFD:
Aurora Cannabis is trading at $7.60/$7.64 (Sell/Buy) per share. You Buy 500 Aurora Cannabis at $7.64 while placing a Close at Loss order at 7.45. The stock’s Sell price falls instantly to $7.40 and then drops further to $7.10. Your position will close at $7.40, i.e. the closest available rate to your order.
Your position's loss is: 500 * (7.40 - 7.64) = -$120
Had your position closed at the Sell rate of 7.10 without a Close at Loss order, your loss would have been: 500 * (7.10 - 7.64) = -$270
81% of retail CFD accounts lose money.