Trade Opendoor Technologies Inc - OPEN CFD

Trading Conditions

• TypeThis financial market is available for CFD trading.Learn more about:CFDs: CFD
• Spread: 0.04
• Long position overnight funding adjustmentLong position overnight funding adjustmentMargin. Your investment$1,000.00Overnight funding adjustmentCharges from full value of position-0.02221 %(-$4.44)Trade size with leverage ~ $20,000.00Money from leverage ~ $$19,000.00Go to platform: -0.02221%
• Short position overnight funding adjustmentShort position overnight funding adjustmentMargin. Your investment$1,000.00Overnight funding adjustmentCharges from full value of position-0.00002 %(-$0.00)Trade size with leverage ~ $20,000.00Money from leverage ~ $$19,000.00Go to platform: -0.00002%
• Overnight funding adjustment time: 21:00 (UTC)
• Currency: USD
• Min traded quantity: 10
• Margin: 5.00%
• Stock exchange: United States of America
• Commission on trade: 0%
• Guaranteed stop premiumA guaranteed stop-loss (GSL) fee is only charged if the GSL is triggered. Please consult the Charges and Fees section of our website for more details.: 1%

• Margin. Your investment: $1,000.00
• Overnight funding adjustmentCharges from full value of position: -0.02221 %
  (-$4.44)

• Margin. Your investment: $1,000.00
• Overnight funding adjustmentCharges from full value of position: -0.00002 %
  (-$0.00)

Key Stats

• Prev. Close: 2.09
• Open: 2.11
• 1-Year Change: -70.49%
• Day's Range: 1.95 - 2.14

Trade Opendoor Technologies Inc - OPEN

Opendoor Technologies Inc. (OPEN) is a digital platform specialising in residential real estate. Founded in 2014 and headquartered in San Francisco, California, the company enables consumers to buy and sell properties online along with title insurance and escrow services.

The Opendoor platform allows buyers to submit an offer directly or through a real estate agent, but the buyer needs to be pre-approved for financing from a mortgage lender before submitting an offer. 

When selling a house on Opendoor, sellers can negotiate the final sale price of the property and the cost of repairs. The platform charges a non-negotiable 5% service fee to ensure that the company profits from each purchase. 

Opendoor focuses on middle-market homes, the prices of which are more predictable than luxury or distressed houses. The platformenables buyers to get a preview of a house using its mobile application and provides a detailed explanation of how the final selling price was arrived at. 

The platform gauges the qualities of the house, the neighbourhood and the prices of neighbouring properties over time to decide on pricing. Its machine-learning algorithm accounts for minor details such as marble countertops, real hardwood flooring, patio space and other features, which is followed by the final physical inspection. 

Opendoor went public through a merger with a special purpose acquisition company (SPAC) Social Capital Hedosophia Holdings II in December 2020. It is listed on the NASDAQ under the ticker symbol ‘OPEN’.