US presidential election 2024

The last US election garnered widespread interest, with an aftermath that will likely be remembered for generations to come. Learn more about the next US election and how the markets may be affected.

Start trading today. Call +65 6390 5133 or email accountopening@ig.com.sg. We’re here 24 hours a day from 9am to 10pm (SG time), Sunday to Friday.

Contact us: +65 6390 5133

Start trading today. Call +65 6390 5133 or email accountopening@ig.com.sg. We’re here 24 hours a day from 9am to 10pm (SG time), Sunday to Friday.

Contact us: +65 6390 5133

When is the next US presidential election?

The next United States presidential election is scheduled for 5 November 2024.

Why trade the 2024 US election with us?

Deal GBP/USD from just 0.9 points

Go long or short on a range of CFDs on currency pairs including all major USD, GBP and EUR crosses

Risk
management

Protect your capital with guaranteed stops, that only incur a fee when triggered.1

Choose from a range of price alerts

Stay informed of market movements with percentage and point-based price alerts – exclusive to our clients

Trade round the clock

Speculate with 24-hour trading on leading US indices2 and extended hours on key US shares.

How to trade the 2024 US election

  1. Create a CFD trading account, or log in
    You can open a live account to use our award-winning trading platform, 1 with no pressure to add funds until you want to place a trade. An alternative if you're not ready to start trading is opening a demo account, where you can practise without ever having to deposit any real funds.
  2. Choose a trading method
    CFDs enable to speculate on the price of an asset without taking direct ownership of it. This gives you the flexibility to go long if you think an asset's price will rise or short if you think it'll fall.

    If your prediction is correct, you'd make a profit. Conversely, you'd incur a loss if it's incorrect. With us, you'll trade CFDs using leverage, which means that you only need to commit an initial deposit called margin to get full exposure. Leverage magnifies both your potential profits and possible losses to the full value of the trade, making it vital that you manage your risk appropriately.
  3. Select a market
    You can trade the election by speculating on markets such as indices, shares and forex pairs. The US 500, GBP/USD and US stocks all tend to be affected by the result. Importantly, you need to carry out relevant technical and fundamental analyses for your chosen market.
  4. Be ready to react to US election news
    With our in-platform news feeds from our expert team and Reuters, plus our range of trading alerts and signals, you never need to be caught out by breaking news stories.
  5. Place your trade
    Once you’ve followed the previous steps, you’re ready to manage your risk and take a position.

Tips for trading the result of the US election

Markets are often volatile following a US election. Here are our tips for trading the increased volatility:

  1. Keep up-to-date with the latest news
    It’s important to keep up to date with the latest news to reduce your chances of being caught out by quickly developing stories. Our award-winning trading platform has a range of in-built tools to help you,1 including news feeds from our in-house experts and Reuters.

  2. React in real time
    With us, you can trade US indices round the clock 2 and you’ll get extended hours on key US shares – exclusive to our clients. Plus, with our free trading app, you’ll be able to take a position even when you’re out and about.

  3. Ensure you don't miss key moves
    You can set alerts and signals from within our platform to notify you of key price points to buy or sell, so you never need to be caught out by fast-moving markets. You can change your preferences to receive these alerts by email, SMS or push notification – and you can take a new position or alter an existing one in seconds.

  4. Trade on positive or negative price movements
    When you take a position with us, you’ll be able to go long or short whenever opportunity presents itself by trading with CFDs. You’d go long if you expect markets to rise, and you’d go short if you expect them to fall.

  5. Protect yourself against risk
    Remember, it's important to manage your risk properly as you'll use leverage when trading CFDs with us. This means that you'd only need to commit a deposit called margin, but both your possible profits and losses will be increased to the full value of your positions. Ways in which you can manage your risk include capping your maximum risk by placing guaranteed stops on your positions.3

Open an account now

Open an account now

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 global markets, with reliable execution

Deal seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years of experience, we’re proud to offer a truly market-leading service

Open an account now

Open an account now

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 global markets, with reliable execution

Deal seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years of experience, we’re proud to offer a truly market-leading service

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets.

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets.

When was the last US election?

The last US election was held on Tuesday 3 November 2020, when all 50 states and Washington DC cast their votes. The result was delayed, with neither candidate able to clinch the all-important 270 Electoral College votes until Saturday 7 November – when the Associated Press declared Pennsylvania for Biden, pushing him over 270 and handing him the presidency.

How can you hedge risk following the presidential election?

You can hedge risk following the presidential election by opening positions that will turn a profit if assets you own – such as currencies or stocks – start to lose money. With us, you can hedge against:

Dollar volatility

We offer over 80 CFDs on forex pairs including EUR/USD and GBP/USD, enabling you to insulate yourself from currency risk

24-hour trading

You can go short on major indicies and over 16,000 shares using CFDs, so you can protect your entire portfolio from downside risk.

Trade exclusive out-of-hour markets

Access pre-market and post-market trading hours and capitalise on announcements
with 70+ out-of-hours CFDs on US stocks

To start hedging, open a live account with us today. Or test out your theory risk-free in a demo account.

Markets to watch

In the months leading up to the 2024 US elections, the markets to watch are major USD currency pairs, US stocks and indices, and commodities such as gold and oil. But, it’s important to remember that other factors, for example, the coronavirus pandemic, are likely to affect global markets too.

Learn more about the impact of coronavirus on the markets

Which markets are affected by the US elections

Here are some of the financial markets that are likely to be impacted by the result of the 2024 US presidential election.

Forex

US dollar crosses, including EUR/USD, USD/JPY and GBP/USD are likely to be volatile – as investors move to price in the effects of new and amended policies

Stocks and indices

US stocks and indices, including the US 500 and Wall Street, are expected to experience major price moves as the office of the presidency changes hands

Commodities

The prices of commodities including gold and oil are likely to fluctuate, in line with expectations for the country’s economic direction in the four years after the election

Popular markets

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Prices above are subject to our website terms and conditions. Prices are indicative only.

Latest US-related news

Choose IG as your out-of-hours trading provider

It’s free to open an account, and you don’t have to fund or trade until you’re ready.

Choose IG as your out-of-hours trading provider

It’s free to open an account, and you don’t have to fund or trade until you’re ready.

Choose IG as your out-of-hours trading provider

It’s free to open an account, and you don’t have to fund or trade until you’re ready.

Choose IG as your out-of-hours trading provider

It’s free to open an account, and you don’t have to fund or trade until you’re ready.

Choose IG as your out-of-hours trading provider

It’s free to open an account, and you don’t have to fund or trade until you’re ready.

Choose IG as your out-of-hours trading provider

It’s free to open an account, and you don’t have to fund or trade until you’re ready.

1 A premium is incurred if a guaranteed stop is triggered
2 Trading is available round the clock only from 4pm to 8am Monday to Thursday, and 4pm to 5am Friday (Singapore time)
3 Based on the Investment Trends 2018 Singapore CFD & FX Report based on a survey of over 4,500 traders and investors. Awarded the Best Online Trading Platform by Influential Brands in 2021.

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The information/research herein is prepared by IGA and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

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