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. For account opening enquiries call 1800 601 799 between 9am and 6pm (AEDT) weekdays, or email newaccounts.au@ig.com.
Contact us: 1800 601 799
Start trading today. For account opening enquiries call 1800 601 799 between 9am and 6pm (AEDT) weekdays, or email newaccounts.au@ig.com.
Contact us: 1800 601 799
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?
Trade AUD/USD, Australia 200 and more
Go long or short on a range of currency pairs and global indices, and access our unrivalled range of weekend markets, including Wall Street and EUR/USD
Risk management
Protect your capital with guaranteed stops that only incur a fee when triggered1
Choose from a range of price alerts
Stay informed of market movements with percentage and point-based price alerts – exclusive to our clients
Trade pre- and post-market with extended hours on US shares
Take advantage of market movements and trade US share CFDs 16 hours a day, including Amazon, Apple and Facebook
How to trade the 2024 US election
- Choose a trading method
CFDs enable you 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 will fall.
However, if you prefer to buy shares outright, you can do so with our share trading service. Owning shares enables you to profit from increasing share prices, as well as through any dividend payments issued by the company. - Select a market
You can trade the election by speculating on markets such as indices, shares and forex pairs. The US 500, AUD/USD and US shares all tend to move in the run-up to polling day, and often continue to move in the fall out of the result – meaning there is opportunity to profit from the election - Open an IG trading account
You can open an account with us in just a few minutes, and there’s no pressure to add funds until you want to place a trade. - 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. - Log in and place your trade
Once you’ve followed the previous steps, you’re ready to log into your account and take a position on the US election.
Tips for trading the US election
Markets are often unpredictable around a US election – especially if the result is uncertain. Here are our tips for trading the increased volatility:
- Keep up-to-date with the latest news
It’s important to keep up to date with the latest news and opinion polls to reduce your chances of being caught out by the result. Our award-winning trading platform has a range of built-in tools to help you,2 including news feeds from our in-house experts and Reuters. - React in real time
With us, you can trade US indices round the clock – including on election day. You’ll also get extended hours on key US shares – which you can trade as and when results come in, state by state. With our free trading app, you’ll be able to react even when you’re out and about. - 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 miss an opportunity because of fast-moving markets. You can change your preferences to receive these alerts by email or push notification – and you can take a new position or alter an existing one in seconds. - Trade on positive or negative movements
When you take a position with us, you’ll be able to go long or short whenever an 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. - 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 position. Ways in which you can manage your risk include capping your maximum risk by placing guaranteed stops on your positions,1 and hedging your portfolio or USD exposure with CFDs.
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 48 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 48 years of experience, we’re proud to offer a truly market-leading service
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 during 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 IG, you can hedge against:
Dollar volatility
We offer over 80 forex pairs including AUD/USD and EUR/USD, enabling you to insulate yourself from currency risk
Share portfolio risk
We enable you to go short on major indices and over 13,000 shares, so you can protect your entire portfolio from downside risk
Weekend movements
We offer an unrivalled range of weekend markets, including USD/JPY, GBP/USD and Wall street, so you can offset your risk whenever volatility arises
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, eg the coronavirus pandemic, are likely to affect global markets too.
Learn about the impact of coronavirus on the markets
Which markets are affected by the US elections
Here are some of the financial markets that will likely 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 movements 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 next four years after the election
Popular markets
Prices above are subject to our website terms and conditions. Prices are indicative only.
US-related news
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Asia Day Ahead: Dovish Fed rate bets mount, Nikkei eyes retest of March 2024 high
Choose IG as your extended 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 extended 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 extended 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 extended 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 Awarded best trading platform at the ADVFN International Financial Awards and Professional Trader Awards 2019.