FxPro Adds Gold by Grams, Ounces and Brent Oil Futures Contracts

Monday, 20/04/2015 | 21:41 GMT by Victor Golovtchenko
  • The figures range from 1:33 to 1:500 with positions of up to 100 lots having the highest gearing available.
FxPro Adds Gold by Grams, Ounces and Brent Oil Futures Contracts
Finance Magnates

In an official announcement made to its clients, FCA and CySEC regulated brokerage FxPro has announced some new assets that will be available to holders of MT4 and MT5 accounts. Starting from today, the company is offering gold by grams and ounces in addition to Brent Oil futures contracts on MT4. On MT5 the company will add Brent Oil futures trading.

Trading in assets outside of foreign exchange has been growing in recent years with some of the biggest focus shifting onto commodities. The number of strictly Forex brokerages has been dropping fast in recent quarters and FxPro is no exception.

Brent crude oil was one of the most volatile asset classes in 2014 and the first quarter of 2015, losing at one point more then 60% of its value at peak. Traders love volatility and trading volumes on Brent and WTI crude have been steady beneficiaries thought the past six months.

Gold trading has dominated the commodity markets for the most part of the past decade with price fluctuating massively. That said, since the big selloff in 2011, prices of the yellow metal have stabilized somewhat and volatility declined.

The new offerings come with what the company refers to as “dynamic leverage”. The methodology allows to calculate the maximum available to clients based on the size of a customer’s positions. As the volume on a trading instrument increases the leverage available to the client decreases.

The figures range from 1:33 to 1:500 with positions of up to 100 lots having the highest gearing available, while for those amounts surpassing 500 lots, the cap is at the lowest level.

In an official announcement made to its clients, FCA and CySEC regulated brokerage FxPro has announced some new assets that will be available to holders of MT4 and MT5 accounts. Starting from today, the company is offering gold by grams and ounces in addition to Brent Oil futures contracts on MT4. On MT5 the company will add Brent Oil futures trading.

Trading in assets outside of foreign exchange has been growing in recent years with some of the biggest focus shifting onto commodities. The number of strictly Forex brokerages has been dropping fast in recent quarters and FxPro is no exception.

Brent crude oil was one of the most volatile asset classes in 2014 and the first quarter of 2015, losing at one point more then 60% of its value at peak. Traders love volatility and trading volumes on Brent and WTI crude have been steady beneficiaries thought the past six months.

Gold trading has dominated the commodity markets for the most part of the past decade with price fluctuating massively. That said, since the big selloff in 2011, prices of the yellow metal have stabilized somewhat and volatility declined.

The new offerings come with what the company refers to as “dynamic leverage”. The methodology allows to calculate the maximum available to clients based on the size of a customer’s positions. As the volume on a trading instrument increases the leverage available to the client decreases.

The figures range from 1:33 to 1:500 with positions of up to 100 lots having the highest gearing available, while for those amounts surpassing 500 lots, the cap is at the lowest level.

About the Author: Victor Golovtchenko
Victor Golovtchenko
  • 3424 Articles
  • 22 Followers
About the Author: Victor Golovtchenko
Victor Golovtchenko: Key voice in crypto and FX, providing cutting-edge market analysis.
  • 3424 Articles
  • 22 Followers

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