IFC Markets, an offshore forex and CFDs broker, announced it is expanding its CFD portfolio with stocks of the Italian luxury sports car manufacturer Ferrari (NYSE:RACE) and the Chinese e-commerce giant Alibaba (NYSE:BABA). The broker also revealed it has updated the Android application for its NetTradeX trading platform, developed by its parent company IFCM Group.
Both the Ferrari and the Alibaba stocks can be traded on both IFC Markets platforms, MetaTrader4 (MT4) and NetTradeX at the following conditions:
In February IFC Markets slightly changed the trading conditions of stock CFDs and started charging commission both for opening and closing position. The changes came into effect on February 22.
In other news, the Android app of its NetTradeX platform has received a facelift of the user interface. The mobile application features the basic functions of the full-scale stationary platform. Through it can be opened a new live or demo account, opening and closing of trading positions, placing and removing of orders. It offers trading and order history, charts, margin analysis, live quotations, technical indicators and graphics. Users can also withdraw funds through the mobile application.
IFC Markets is the broker brand of the IFC Markets Corp. regulated by the British Virgin Islands Financial Services Commission (BVI FSC). The broker offers trading in 500 instruments – forex, CFDs on stocks, commodities and indices, as well as gold and precious metals.
Another company in the group, Infin Markets, holds a license from the Cyprus Securities and Exchange Commission (CySEC), allowing it to do business with EU clients.