We found 11 online brokers that are appropriate for Trading GME Squeeze Investment Platforms.
GME squeeze or the GameStop squeeze is a short squeeze of GameStop stock that occurred in January 2021 and led to large losses for certain hedge funds as well as short sellers. About 140 percent of the American video game retailer's stocks were sold short. The rush to buy the shares skyrocketed the price. It is learned the GME squeeze was caused by the users of the Reddit social media forum.
The GameStop share price touched the height of $483 on January 28. The rise happened about 30 times in a month. A couple of app-based brokerage services halted the buying of the stocks and that move attracted criticism. Finance professionals and prominent politicians accused the Robinhood service provider of market manipulation.
The event of high volatility continued into the next month and on February 24 the price jumped 100 percent within 90 minutes. The stock thereafter settled at an average of $200. A 34 percent dip was witnessed on March 24 and the price of each share was then $120.34. However, the stock recovered the next day and jumped up by 53 percent.
When an investor borrows shares and sells these in a short period of time, it is called short selling and the investors are called short sellers. The investors buy back the shares thereafter at a lower price and return the shares to the lender. He keeps the price differences between selling and buying as a profit.
The practice carries risk as it is tough to predict how the prices of stocks will move in the very next moment. Hence, the investors face the risk of short squeezing as the stock may jump high in value. In the GME squeeze, the prices rose unexpectedly and short sellers had to buy back the stocks at higher prices.
Traded under the symbol of GME in the New York Stock Exchange, it is a renowned American video game retailer. With the rise in digital distribution services, the store has faced stiff competition in recent years. The COVID-19 pandemic in 2020 made the situation worse, as people stopped reaching out to the outlets in-person to shop for games. This led to the decline in the prices of its stock. Many institutional investors started short selling the shares and about 140 percent of its public float was sold short on January 22, 2021.
Tesla CEO Elon Musk tweeted GameStop about on January 26 when the stock closed up by 92.7 percent. He linked his tweet with the Reddit community that was responsible for the short selling. It led to a rise in the share price to slightly more than $200. Gradually, the rise reached an all-time high on January 28 to $483, which was about 190 times that od the past 9 months. In April 2020 the price of each share was just $2.57.
Reddit banned the R/WallStreetBets - Discord server on January 27, arguing that the restrictions on hate speech were violated. Users formed similar servers and on January 28 the Discord server was back and functioning to help the community in moderating the server.
The GameStop stock price dipped over the first two days of February. About 60 percent of the value was lost and the stock closed at $100. However, the Reddit/WallStreetBets community continued to push for the holding of the shares in the hopes that the value may increase. Those who were convinced suffered significant losses as the prices continued to fall.
Investment fund Melvin Capital lost 30 percent of its value for heavily shorting the stock in the first week of January. By the end of the same month, it lost 53 percent of the investments. However, Melvin Capital posted a 22 percent gain in February. Its spokesperson said the fund had closed the position following a portfolio repositioning.
Bloomberg reported that Citron research head Andrew Left closed the position announcing a total loss. The company had been offering services for about 20 years. Similarly, D1 Capital Partners lost $4 billion, or 20 percent of the investments.
Social media is playing an important role in our lives. We are able to keep regular contact with our near and dear ones and we are able to keep ourselves updated with what is going on in the country and beyond. We keep ourselves well informed about the industries and the investment world. But have we ever thought that the availability and exploitation of information may sometimes cause disastrous situations? GME squeeze is one such good example of the dark side of social platforms. We discussed in detail how the GME squeeze has ruined several short sellers, both institutional and individual.
We have conducted extensive research and analysis on over multiple data points on GME Squeeze to present you with a comprehensive guide that can help you find the most suitable GME Squeeze. Below we shortlist what we think are the best GME Squeeze Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching GME Squeeze.
Selecting a reliable and reputable online GME Squeeze Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade GME Squeeze Investment Platforms more confidently.
Selecting the right online GME Squeeze Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for GME Squeeze Investment Platforms trading, it's essential to compare the different options available to you. Our GME Squeeze Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a GME Squeeze Investment Platforms broker that best suits your needs and preferences for GME Squeeze Investment Platforms. Our GME Squeeze Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top GME Squeeze Investment Platforms.
Compare GME Squeeze Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a GME Squeeze Investment Platforms broker, it's crucial to compare several factors to choose the right one for your GME Squeeze Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are GME Squeeze Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more GME Squeeze Investment Platforms that accept GME Squeeze Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare GME Squeeze Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top GME Squeeze Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top GME Squeeze Investment Platforms below.
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