Forex brokerage RoboForex expanded as of Tuesday its portfolio of metals with four new instruments – XAU/EUR (Gold to Euro), XAG/EUR (Silver to Euro), XPT/USD (Platinum to US Dollar), and XPD/USD (Palladium to US Dollar), the Cyprus-based arm of the group said. The new offering is available to holders of ECN and Pro trading accounts. Moreover, the broker has improved the spreads on XAU/USD (Gold to US Dollar) and XAG/USD (Silver to US Dollar).
The changes are possible due to the addition of a new liquidity provider, the broker said. Spreads differ with the account type traders chose. Gold and silver were already available in RoboForex’ offering, but platinum and palladium are new additions.
The new instruments can be accessed both through MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. Clients with the following account can trade in the new currency-denominated metals: Pro-Cent, Pro-Standard, ECN-Pro NDD and ECN-Pro Affiliate.
The brokerage group is headquartered in Cyprus’ Limassol and has representative offices globally. It consists of the holding company RoboForex Financial Group, and its units Cyprus-regulated RoboForex CY Ltd., New Zealand-based RoboForex LP., and Belize-regulated RoboForex Ltd., which until recently was known as RoboTrade Ltd.
Companies within the RoboForex group offer trading in forex, contracts for difference (CFDs), and metals. The group used to provide binary options instruments under the cap of its Cyprus-regulated unit, but it discontinued the service in early June.