The new products, promoted as new Currency and Stock Baskets, include six FX indices monitoring the performance of EUR, GBP, USD, JPY, AUD and NZD against baskets of other currencies, as well as creative stock indices reflecting the performance of Social, Green, Space, Mobile and Vegan-related companies.
The company also introduced zero spreads on major FX pairs on its ECN account, with commissions that can go as low as just $0.2 per lot.
Commenting on the news, Exinity Group’s Chief Dealer Charis Mountis said: “In 2020, the heightened volatility in financial markets have brought renewed interest in the retail trading space. To help our clients seize even more trading opportunities, our trading team has devised these creative currency and stock indices, combined with zero spreads on major FX pairs — enabling clients to make the most of out every trade with us”.
Many of the new indices are already proving popular among FXTM clients. A full list of the available indices includes:
- EUR Index
- USD Index
- JPY Index
- GBP Index
- AUD Index
- NZD Index
- Social Index
- Green Index
- Mobile Index
- Space War Index
- Vegan Index
*While spreads for EURUSD and GBPUSD will typically be at zero for most of the time on the ECN account, FXTM cannot guarantee spreads will always remain at zero, especially during volatile times. Commission on the ECN account is floating and depends on trading volume and equity.
New indices are available on ECN MT4, while zero-spreads are available across ECN MT4 and MT5.
For more information on FXTM’s new indices, please visit here.
FXTM is an international online forex broker offering financial services in forex, CFDs on spot metals and CFDs on Commodity Futures, Indices and Shares.
FXTM brand is authorized and regulated in various jurisdictions. ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614. The company is also registered with the Financial Conduct Authority of the UK with number 600475. Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License bearing license number C113012295. Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority, firm reference number 777911.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.”