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IFC Markets, an offshore forex and contracts for difference (CFDs) broker, said on Monday it has added for trading CFDs on stocks of Twitter and Starbucks. Twitter stocks are traded with the ticker #S-TWTR and these of Starbucks are traded under the #S-SBUX ticker.
Trading in both stock CFDs on Twitter and Starbucks is available via real accounts in both the MetaTrader 4 (MT4) platform and IFC Markets’ proprietary trading platform NetTradeX.
More details about the trading conditions of the new stock CFDs available with IFC Markets follow:
Swap in pips
Margin in %
-0.06 / -0.04
-2.12 / -1.43
Generally, holders of open CFD positions receive a dividend adjustment equal to the dividend payment amount, but no details were provided about Twitter and Starbucks stocks.
IFC Markets offers trading in more than 500 tradable instruments including forex, CFDs on commodities, stocks, indices, commodity futures, as well as gold and personal composite instruments (PCI). Earlier this month, the broker expanded its offering with CFDs on stocks of companies listed on the London Stock Exchange (LSE), German Stock Exchange Xetra, Tokyo Stock Exchange (TSE), Hong Kong Stock Exchange (HKEx), and the Australian Stock Exchange (ASX). Prior to that it made available trading in CFDs on the EU50 index and CFDs on on commodities.
IFC Markets is the trading brand of IFCMarkets Corp, which is part of financial technologies holding company IFCM Group. It is based in the British Virgin Islands and is licensed by the local financial regulator, the Financial Services Commission (FSC). The group also includes online forex broker Infin Markets, which is licensed by the Cyprus Securities and Exchange Commission (CySEC), and financial software developer NetTradeX Corp.
Source: IFC Markets