This week multi-regulated FXOpen announced the addition of an extensive list of popular equities for Aussie traders. The broker’s collection of share CFDs will be available to retail traders onboarded by the ASIC-regulated local entity, FXOpen AU. Keep reading for the latest details.
New Share CFDs
100+ company stock CFDs will be available to those trading with the FXOpen ECN account. Included in the list are hot US stocks like Tesla, Facebook and Amazon, with leverage rates up to 1:5.
With demand for technology stocks and clean energy shares on the rise, the latest move will connect Australian traders to some of the world’s leading players in their respective industries. The new shares will be available on the MT4, MT5, and TickTrader platforms. Clients can use an array of technical indicators, pending order types, and automated trading capabilities to take positions on the latest products.
FXOpen UK’s Chief Operating Officer, Gary Thomson, had this to say of the development “We’ve seen an increased uptake in equity trading in recent months within our UK brokerage and are delighted to widen the reach of equity markets to the wider FXOpen group.”
The broker has also added POLi as a payment solution for Aussie traders. The new account funding method offers instant deposits and zero fees.
FXOpen began offering global trading services in 2005. Since then, it’s picked up a string of awards and licenses from the ASIC and FCA. Over 50 major, minor and exotic forex pairs are offered, along with a selection of indices, precious metals, and 40+ crypto CFDs, including Bitcoin.
Following an ECN trading model, FXOpen offers tight spreads, starting at 0.2 pips on major forex pairs and 0.8 pips on popular indices. Retail leverage is capped at 1:30 but those meeting the relevant criteria can qualify for rates of up to 1:500 with the broker’s professional account.
Whilst FXOpen is already an established name on the global stage, it’s always welcome to see the broker bolstering its offering in local jurisdictions, and its 100 new share CFDs will do just that for Aussie traders.