FXTM announced the expansion of available products for the European Region on March 17th. Representatives with this exchange confirmed that they’d be implementing European Shares for CFD Trading. This announcement will enable for consumes to engage with some of the most notable shares in the European Union, which include major technology-based corporations and car manufacturers. Details on which companies would be available at launch were provided. Those include PNP Paribas, L’Oréal, Airbus, Volkswagen and HSBC. These representatives confirmed that new corporations would be listed throughout 2020.
The strategic element of this announcement will enable considerable diversification in how Contracts-for-Differences will be approached. It’ll mark one of the first instances that European Traders are provided access to notable stocks in this digital format. It couldn’t have come at a perfect period of volatility. The coronavirus pandemic is causing substantial fluctuation in standard markets, with multiple investors considering the digital space for temporary measures. FXTM could find themselves experiencing a drastic increase in customer acquisition after this announcement.
Financial markets in New York City, London and Hong Kong have fallen in their respective valuations since February 2020. Everything from Equities to Commodities and Stocks has been challenged in their trading volumes. Estimates were falling with cryptocurrency exchanges, which quickly was altered with global instructions to implement self-isolation tactics if possible. There have been multiple firms and brokerages that have adjusted their financial forecasts following this pandemic, with Plus500 being one of the few to anticipate
Floating Leverage Increased by FXTM
Accounting for the multiple brokerages worldwide that have implemented new products during the Covid-19 Pandemic, it isn’t surprising that FXTM would follow similar strategies. This corporation additionally announced that Floating Leverages would be increased to 1:200 for significant currency pairings.
Formal statements regarding the increased Floating Leverages were provided. Plus500 Reps mentioned: “This improvement will allow our clients to increase their buying power; Boost their potential profitability; Access an even greater range of currency pairs. This change not only gives our loyal traders great value, but it also reflects our long-standing commitment to customer satisfaction.”
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 90% 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.