LiteForex adds 3 new indices to its trading arsenal

LiteForex adds 3 new indices to its trading arsenal


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The offshore LiteForex forex broker announced it is adding three new indices to the trading instruments it offers to its clients: the Hong Kong 50 Index (HK50), Spain 35 Index (IBEX35), and Italy 40 Index (IT40).

The Hong Kong 50 index (Hang Seng index) is one of the main indices of the Stock Exchange of Hong Kong (SEHK), which is the sixth largest in the world and third largest in Asia. It is a freefloat-adjusted market capitalization-weighted stock market and includes the 50 largest companies on the Hong Kong stock market. They represent 58% of the capitalization of the SEHK and are the leaders in the telecommunications, IT, industrial and consumer goods, financial services, services, materials, construction and property and the energy sectors.

The Spain 35 Index (Ibex 35) is the main index of the Madrid Stock Exchange and includes the most liquid shares of companies operating in Spain’s banking, utilities, construction, financial services, industrial and consumer goods, IT and telecommunications sectors.

Italy 40 (FTSE MIB) is the benchmark stock market index of the Italian stock exchange, Borsa Italiana, based in Milan. The stock exchange is the 14-th largest in the world and is owned by the London Stock Exchange Group. The FTSE MIB index represents about 80% of the Italian domestic market capitalization and includes the 40 largest and most liquid local companies that operate in the financial services, banking, utilities, consumer goods, energy, automotive and electronics sectors.

Earlier this month LiteForex has reduced the spreads on several world indices for users of Classic and ECN trading accounts and has  has opened a client office with a training center in the Georgian capital city Tbilisi. 

The broker offers Cent, Classic, ECN and PAMM trading accounts with minimum initial deposits ranging from $10 to $500 and leverage of up to 1,000:1.It uses the MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the two most widely-used forex trading platforms, and offers data from Claws&Horns’ analytics portal, in addition to other trading tools.

The broker offers a rebate program and works with affiliate partners.

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