Launches CFDs for Gold & Oil Launched by RoboMarket Amid COVID-19 Demand

RoboMarkets, a European broker, on Thursday, announced that it has chosen to expand the assets available under its R Trader platform to include oil, metals and contracts for differences. Specifically, RoboMarkets has added CFDs on BRENT.oil, XAGUSD, WTI.oil and XAUUSD

All instruments the broker is offering features spreads starting as low as $0.1. On any metal CFD’s a commission charge of $15 per $1 million trading volume will apply and for oil, the commission will be $35 for $1 million trading volume.

While RoboMarkets did not provide any indication on why it made this move, it should be noted that this release comes while the price and demand for oil and gold is directly related to the coronavirus pandemic.

Specifically, the demand for gold has skyrocketed and is one that most consider a safe haven, which, when dealing with uncertain times, always surges. Oil has of late also been an attractive commodity as the price drops due to the pricing war between Russia and Saudi Arabia.

The new expansion is only offered under RoboMarkets R Trader platform that went live last year. Through the platform, traders can trade CFDs, exchange-traded funds (ETFs), foreign exchange (forex), indices cryptocurrencies, and over 12,000 stocks.

Continued Expansion of the R Trader offering by RoboMarkets

RoboMarkets, since releasing its R Trader Platform, has continually been expanding what is offered under the platform with the broker recently adding commission free trading on over 3,000 stocks for some of the largest American companies such as Google, Facebook, Netflix, Amazon, and others.

Previously to that, RoboMarkets added over 500 contracts for differences (CFDs) for European stocks for eleven new European countries not previously available under the R Trader Platform which included Portugal, Spain, Sweden, Norway, Ireland, France, Italy, Finland, Denmark, Belgium, and the Netherlands.

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Author: Haydn Franklin

Hayden joined whichbroker.com in March 2019. He previously held positions at leading US facing financial news outlets. Hayden's focus is primarily Crypto and Forex news at whichbroker.com, however he is also whicbrokers long form content specialist leading him to write longer posts with an investigative angle. Hayden gradutated from the University of Chicago. Haydn Franklin can be contacted at [email protected], View all posts by Haydn Franklin