The Foreign Exchange broker operating in Germany has opened its doors to futures trading for clients. This recent move by the company is part of its expansion plans to create more opportunities for traders. Also, these futures will complement the FXFlat offering, which includes CFDs, Cryptocurrencies, and FX.
To say that this is an interesting decision is an understatement. Now, many investors who use the company can now have the opportunity to explore the US futures from CME. The broker is also making it possible for traders to access Eurex, a German exchange. This can serve as a hedging tool for an existing position or for monitoring market movements to maximize their trades’ outcome.
The results of the FXFlat Expansion
We’ve seen that clients of the broker now have access to trade on US futures and Eurex. FXFlat has included some of the futures making waves in the industry. There are E-micros, E-mini S&P 500 and E-mini Nasdaq 100 available for investors on the broker. According to what the FXFlat CEO says, the company is happy to offer these opportunities to its customers. From Rafael Neustadt statements, it seems that FXFlat has been making plans to expand operations by including these futures.
We learned that before announcing this development, the company conducted a beta test for two weeks using selected clients. FXFlat carried out the test in April, and one month later, the new assets are now available for all. Recall that, the broker expanded its crypto instruments by adding more coins to join Bitcoin and CFDs on the platform.
An Insight into the broker FXFlat Based in German
The broker started operating in 1997 as a private and independent FXFlat Wertpapierhandelsbank, GmbH. This company is popular in Germany as many know it for being a dominant broker in the industry. Moreover, FXFlat operates as an STP broker which the Federal Financial Supervisory Authority regulates. Another arm of FXFlat, CapTrader, has been offering options, futures trading, and stocks since 2009.
Back in 2017, the company became the first broker in Germany to introduce the MetaTrader 5 platform. This was a better and advanced alternative to Meta Trader 4, which they have been using for a long time.
Some important people in the company have also supported what the FXFlat CEO, Rafael Neustadt, says about the futures trading. One of such person is Samed Yilmaz CFOO. According to his statements, the company didn’t only start the futures, but there is more. FXFlat has made the new product better by including many advantages that are not available in the industry. For instance, the broker placed a very low requirement on the margin. Also, they are offering “cost-free real-time exchange quotes.” At least, this is for FXFlat’s clients who are very active on the platform. The best part is that the broker is charging very low commissions on these services.