RoboMarkets Expands Suite Of CFDs With Brazilian Stocks
The popular European broker RoboMarkets has added more than 30 new instruments to its trading platform, R Trader, providing clients with greater market exposure and opportunities to diversify portfolios. The broker already offered a limited range of Brazilian stocks and ETFs, but now they have added local CFDs to their offering.
30+ Brazilian CFDs
RoboMarkets have taken 30 of the most liquid companies on the Sao Paolo Stock Exchange, Bovespa, and added CFDs so that clients can go long or short on their performance. Companies include Banco Bradesco (BBDC4), Itau Unibanco (ITUB4), Petrobras (PETR4), Vale (VALE3) and AmBev (ABEV3).
Investors wishing to take advantage of these instruments can do so with the following trading conditions:
- Spreads from 0 pips
- 0.1% commission (though no less than 10 BRL)
- 04:10 UTC to 22:55 UTC
“A Friendly Macroeconomic Environment”
The head of the R Trader project, Kiryl Kirychenka, commented on the addition of Brazilian stock CFDs, saying they’d “added an exclusive opportunity for our clients to trade new stocks on the market, which we didn’t cover before”.
Brazil’s economy is a developing mixed economy with a wealth of natural resources and the largest economy in Latin America. Kiryl Kirychenka stated that “Brazil is in the Top 10 countries with the highest GDP. A friendly macroeconomic environment, including high energy prices, supports a positive outlook for Brazilian stocks, which offer attractive prices and great growth potential. At the same time, developing countries imply additional risks because such economies may be rather unsteady in their growth”.
Discussing their previous Brazilian product range, Kiryl also added that “Earlier, our platform offered the option to trade ADRs Brazilian stocks and ETFs, for example, EWZ, but access to CFDs on stocks that are traded on the local market significantly widens investment opportunities and helps our clients to diversify their portfolio. We’re constantly improving our products, adding new instruments, and doing our best to provide the best possible trading conditions”
Licensed with the Cyprus Securities and Exchange Commission (CySEC), RoboMarkets offers regulated trading on over 12,000 financial instruments to clients anywhere within the European Union (EU) and European Economic Area (EEA), plus the United Kingdom.
RoboMarkets investors can manage their portfolios on a range of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5) and the broker’s own proprietary web-based platform, R Trader. R Trader boasts a range of chart types, multiple windows, one-click trading and a free algorithmic trading builder.
The 30 new instruments join stocks, commodities, forex and CFDs on many of the largest American, British, German and French companies. Clients also benefit from low-cost investing, support for both copy trading and margin trading plus strong account security. Accounts can be opened with a minimum deposit of 100 USD, GBP or EUR.