Orbex, a Cyprus-regulated contracts for difference (CFDs) broker, has expanded its product offering with four new cash indices and six new currency pairs, the broker said on Thursday.
The broker has added to its product portfolio the Dow Jones, Nasdaq, S&P, and DAX indices, which will replace the Equity Indices the broker offers. Investors will be able to trade Equity Indices until March.
The new cash indices will be offered for trading at low margins and fixed spreads. Clients will enter non-expiring contracts and will not be required to pay nay commission for execution.
Meanwhile, the new currency pairs USD/DKK, USD/NOK, USD/SEK, USD/ZAR, USD/MXN and USD/CHN will initially be available for trade for clients with Universal trading accounts, but soon they will be accessible for traders using ECN accounts, as well.
Orbex said it has decided to add the new pairs as a response to the strong demand in the exotic currency pairs.
“Due to the increasing demand and the Orbex expansion to the new countries, we decided to diversify our offering to the clients with exotic pairs. The clients will benefit from their volatile nature or hedge their exposure to the physical goods,” said Mohammed Yaghi, Orbex global business development manager.
Orbex is an online broker of CFDs on currencies, commodities, futures and indices. It holds a license by the Cyprus Securities and Exchange Commission (CySEC) and is registered with the relevant authorities in a number of EU countries, including the UK, Germany, the Netherlands, Italy, Poland, France, etc.
The broker offers three types of Universal trading accounts – Universal Mini, Universal Standard and Universal Advanced, and two types of ECN accounts – ECN Standard and ECN Advanced. Through the Universal accounts, traders gain access to CFDs on the forex, futures, indices, commodities, and precious metals markets. ECN accounts can be used for trading of CFDs on forex, gold and silver.