Online forex broker IFC Markets has made available trading on stock contracts for difference (CFDs) of 77 Australian companies for real accounts on the NetTradeX trading analytical platform, the broker said on Wednesday. The stocks are traded on the Australian Securities Exchange (ASE) each weekday between 0000 and 0600 CET.
The broker provided no other details.
The clients of IFC Markets can trade using two platforms – NetTradeX and Metatrader 4 (MT4). Stocks, however, can be traded via NetTradeX only. The broker offer trading with Australian stock of companies in various industries, including finance and banking, healthcare, energy, real estate and building, transport, and telecommunications. On these, the broker offers spreads of 2-8 pips and a leverage rate of 40:1 (accounts with a leverage less than this have a leverage for Stock CFDs equal to the trading account leverage). For opening a trading position, investors pay a commission of 0.25% of the position volume.
The broker also offers CFDs on stocks of companies that trade on the exchanges of the US, the UK, Russia, Germany, China, and Japan.
NetTraderX is available as a desktop software for Windows users and as a mobile application for devices with iOS, Android, and Windows operating systems. In addition to trading a wide set of instruments and setting orders, NetTraderX users can conduct technical analysis and work with additional order types and create their own trading instruments.
IFC Markets is registered in the British Virgin Islands and licensed by the local Financial Services Commission (FSC). The broker offers trading with various instruments, including forex, future, index, stock and commodity CFDs.
IFC Markets is part of IFCM Group, which consists of a group of companies active in the field of financial technologies. These companies are IFC Markets, forex broker Infin Markets, which is licensed by the Cypriot financial regulator CySEC, and the Seychelles-registered software developer NetTradeX.
Source: IFC Markets