Axi Expands Offering by Adding Share CFDs

Australia-headquartered broker Axi, previously known as AxiTrader, announced on Thursday the extension of its product offerings with the introduction of share CFDs on its platform.

The press release shared with Finance Magnates detailed that the broker will add the CFDs of the top 50 companies listed in the United States, the United Kingdom and European markets. It will include some of the popular and liquid stocks like Apple, Amazon and Netflix.

“We’re extremely focused on helping traders find an edge in the markets, and Share CFDs will deliver a lot of high-quality opportunities for our clients,” Louis Cooper, Chief Commercial Officer at Axi, said in a statement.

Axi already offers trading services with currency pairs and CFDs of commodities, indices and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, and new share CFDs will increase its product line further. It detailed that the traders can access the newly added instruments on the MetaTrader 4 platform.

“The majority of these trading products are derived from companies that are household names, the likes of Facebook and Tesla. The Share CFD offering is launching with no commission charges to enable our customers to trade popular brands with confidence,” Cooper added.

Demand for Global Shares Is Increasing

Share CFDs are derivatives instruments, so traders do not get ownership of the underlying shares. They can take both long and short positions on the instruments and benefit from the price movement of these shares.

Axi CEO, Rajesh Yohannan commented: “The great thing about Share CFD trading is the ability to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term your trades, using a relatively small amount of capital to gain full exposure to the trade.”

“Share CFDs are great standalone trading opportunities, but once you bundle in our no commission service and promotional offers it’s an extremely compelling package. We expect a lot of interest from both existing clients and new traders looking to find an edge with a trusted broker.”