Forex Club expands offering with 19 new stock CFDs

Forex Club expands offering with 19 new stock CFDs

- in All News, Forex Brokers
Forex Club

Forex and contracts for difference (CFDs) brokerage group Forex Club, the second largest retail forex broker in Russia in 2015 in terms of average monthly trading volume and active clients, said on Monday it has launched trading in 19 new CFDs on shares of international companies from various industries.

As a result of the new additions, the broker has expanded its stock CFDs trading instruments to 40 in total. Here is a list with the new companies which the brokers included to its stock CFDs offering (by industry):

  • E-commerce: Alibaba Group, eBay, Amazon.com;
  • Finance: Goldman Sachs Group, Deutsche Bank;
  • Automobile: BMW, Toyota Motor, Volkswagen;
  • Consumer goods: PepsiCo, Adidas;
  • Hardware and software: Adobe Systems, Oracle, nVidia, Salesforce.com, EPAM Systems;
  • Social networks and web services: Twitter, Baidu, TripAdvisor, LinkedIn.

Some of the newly-added stock are traded on the Frankfurt Stock Exchange (FST) and others are traded on the New York Stock Exchange (NYSE), which means trading in them is convenient for investors from all time zones.

When trading in CFDs, investors make profit from the price movements of select instruments and the difference between the buy and sell prices, rather than trading in real physical assets or trading instruments. This type of trading is offered by many brokers and allows traders to diversify their trading portfolios and gain access to new markets.

Forex Club is a collective brand of several entities that provide trading in forex and CFDs on shares, metals, indices, and others. The brokerage has clients in more than 120 countries. It is one of the brokerages that are awaiting to receive a license from the Central Bank of Russia (CBR) for a Russian forex broker. Last month, it also applied, through its Belarusian unit Financial Company Forex Club, to be included into the Belarusian central bank’s register with companies that provide forex services in the country.

Source: Forex Club

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