Summary: Carnival is the world’s largest global cruise company. With its fleet of world-class cruise lines, it is one of the giants of the leisure travel industry. This guide will detail how to trade Carnival shares in the UK using the online CFD trading platform Plus500.
Recommended Multi-asset Broker for Online CFD Trading
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Reliable & Regulated by CySEC (#250/14) - Plus500 Ltd is a FTSE 250 company listed on the London Stock Exchange
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Wide range of instruments - CFDs on stocks, crypto, forex, commodities, ETFs, and more
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Low cost investing - No commissions and tight spreads.
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Transparent pricing on overnight funding, currency conversion fees, guaranteed stop orders, and inactivity fees.
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Advanced platform - Top notch analytical tools, real-time quotes, fast order execution, secure withdrawals
About Carnival
About
Founded in 1972, the company functions as dual-listed, with Panama-incorporated, U.S.-based Carnival Corporation and UK-based Carnival plc functioning as a single corporate entity. Carnival has nine cruise line brands and one cruise experience brand under its management, with a combined fleet of 91 ships, making it the world’s largest cruise company.
The company caters to varying target customers, passenger preferences, and budgets, including numerous vacations and cruises worldwide for families, couples, and solo clients. Despite the COVID-19 pandemic’s disastrous effects on the global cruise industry, Carnival Corporation remains a dominant player in the steadily recovering sector, providing memorable experiences to millions of customers annually.
Carnival Corporation is listed on the NYSE, while Carnival plc is listed on the LSE. Thus, the company is a component of both the S&P 500 and FTSE 250 indices.
How to buy/sell or trade Carnival stock CFDs: Step-by-step
Carnival has its shares listed at both the NYSE and LSE, so the UK investors are free to trade its shares on either. You can do so with the following steps:
Step 1: Create a trading account
To start trading Carnival shares, you must first open an account with a regulated trading platform. Our recommended candidate for buying/selling or trading Carnival stock is Plus500, a reliable platform for trading Contracts for Differences (CFDs). These derivative instruments enable you to speculate on the price movements of underlying assets without having to own the assets yourself.
Notable features of Plus500 include:
- Free demo accounts;
- Fast and reliable order execution;
- No commissions and tight spreads;
- Multi-asset CFDs on more than 2,000 financial instruments, including stocks, Forex, crypto, ETFs, commodities, and more;
- Mobile trading;
- Convenient deposit options via PayPal, Visa, Mastercard, etc.;
- Fast and secure withdrawals;
- Leverage of up to 1:30;
- Real-time quotes.
Recommended Multi-asset Broker for Online CFD Trading
-
Reliable & Regulated by CySEC (#250/14) - Plus500 Ltd is a FTSE 250 company listed on the London Stock Exchange
-
Wide range of instruments - CFDs on stocks, crypto, forex, commodities, ETFs, and more
-
Low cost investing - No commissions and tight spreads.
-
Transparent pricing on overnight funding, currency conversion fees, guaranteed stop orders, and inactivity fees.
-
Advanced platform - Top notch analytical tools, real-time quotes, fast order execution, secure withdrawals
Here is a concise summary of how to set up an account and start trading Carnival shares:
- Choose a platform: Look for a trusted trading platform that will give you access to the stock market. When looking for the appropriate service, consider its fees, trading tools, customer support, and the platform’s user-friendliness. Confirm that the chosen trader follows the regulations issued by financial authorities;
- Sign-up: Visit the platform’s website and register an account using your personal information and sometimes your financial background;
- Identity verification: Most of today’s platforms incorporate Know Your Customer (KYC) and anti-money laundering (AML) regulations. As part of verification, you may need to present some ID, such as a passport or driver’s license, and sometimes proof of address, like a utility bill;
- Account security: Improve your trading account’s security by enabling two-factor authentication (2FA) and any additional safety features provided by the platform;
- Deposit funds: Once your account is verified, you should transfer some funds for trading shares. The available payment methods usually include bank transfers, credit/debit cards, and online transaction services like PayPal. The choice mostly depends on your preferences.
Note
Step 2: Trade Carnival shares
If you are ready to trade Carnival stock in the UK, go through the following steps:
- Step 1: Look up Carnival on the trading platform by searching for its stock symbol, CCL. Locate the CFD option among the available choices for trading;
- Step 2: Depending on your market analysis and trading objectives, decide whether you want to go long (buy) or short (sell);
- Step 3: Designate the number of Carnival shares you wish to trade. Never spend on trade what you cannot afford;
- (Optional step 1): Set your desired leverage, potentially multiplying your exposure to Carnival stock. Margin trading increases both the potential gains and losses, so use it with caution;
- (Optional step 2): Set risk management parameters, such as setting stop-loss and take-profit orders. These orders automatically close your position when the stock price reaches a certain threshold, cutting your losses or securing the profits;
- Step 4: Confirm your trade order.
Step 3: Monitor your position
Once your Carnival CFD position is open, closely monitor the stock market’s price movements and the performance of your investment. Do the following:
- Monitor Carnival’s stock price and market trends;
- Change your trading strategy if the new market environment requires it;
- Once you reach your trading goals or otherwise want to exit the trade, close your Carnival stock CFD position.
Additional fees
When engaging in CFD trading, be mindful of fees that could apply to your trades, such as:
- Overnight funding: Applied when you hold a position beyond a specific time;
- Currency conversion fee: For transactions in a currency that differs from your account’s preferences;
- Guaranteed stop order: A unique risk management tool that closes your position at a specific rate but can result in a wider spread;
- Inactivity fee: Some platforms impose an inactivity fee for prolonged idle account periods.
Carnival shares price today
Pros and cons of trading Carnival shares
Pros
- The dominant player in the industry: Carnival is currently the world’s largest and most established cruise company, giving it a substantial market share, presence, and brand recognition;
- Diversification: Carnival owns multiple cruise brands with different routes, themes, and target audiences, which can provide diversification within the travel and leisure sector;
- Cyclical nature of the industry: Cruise companies tend to benefit from economic recoveries and accelerated consumer spending on travel during prosperous times. As the travel and leisure industry ground to a halt during the pandemic, it is currently experiencing a resurgence.
Cons
- Health and safety concerns: High-profile health incidents, like outbreaks of diseases on cruise ships, can tarnish the company’s reputation and lead to revenue losses. Unfortunately, this came to a highlight during the pandemic with a total of 55 death cases on Carnival’s cruisers;
- Economic conditions sensitivity: The cruise industry is very susceptible to financial crises, with declining demand during recessions, which impacts the company’s profitability;
- Environmental and regulatory challenges: The cruise industry often faces scrutiny over ecological practices and regulatory compliance, which could lead to increased costs and operational difficulties.
Common mistakes to avoid when trading Carnival shares
Make sure to avoid these common investing mistakes:
- Lack of research: Research the company and stock in detail, along with the market state of the related industries, before investing;
- Lack of strategy: Set your goals before you spend any money;
- Staking everything on one asset: Always diversify your portfolio;
- Falling prey to scams: Avoid illegal platforms and suspicious deals.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQ about how to trade Carnival shares in the UK
Can I trade Carnival shares?
Investors can speculate on Carnival share price movements through a regulated CFD trading platform.
Can I trade Carnival shares in the UK?
Yes, you can, and the best way to speculate on the price movement of Carnival shares is via a regulated trading platform like Plus500.
Do I need to own physical Carnival shares to trade them?
No, you do not need to own Carnival stock to trade CCL. CFDs enable you to speculate on Carnival’s share price movements without holding them yourself.
Does Carnival pay dividends?
Unfortunately, Carnival has stopped paying dividends due to the effects of the global pandemic, with no dividend payments as of December 2023.
Recommended Multi-asset Broker for Online CFD Trading
-
Reliable & Regulated by CySEC (#250/14) - Plus500 Ltd is a FTSE 250 company listed on the London Stock Exchange
-
Wide range of instruments - CFDs on stocks, crypto, forex, commodities, ETFs, and more
-
Low cost investing - No commissions and tight spreads.
-
Transparent pricing on overnight funding, currency conversion fees, guaranteed stop orders, and inactivity fees.
-
Advanced platform - Top notch analytical tools, real-time quotes, fast order execution, secure withdrawals
