Admiral Markets is bringing a new offering in the Australian market with its new MetaTrader 5 based stock trading and contracts for difference (CFD) service. The company announced on Monday that it will be adding CFD and forex markets to its platform.
What should clients expect?
All users of the Admiral Markets platform will be able to access the Australian markets using the most recent version of MetaTrader 5. They will also be able to access Metaquotes and trade all shares included in the Australia 200 index. This will give clients the ability to trade the biggest banks in Australia, namely, Australia and New Zealand Bank, National Australia Bank, Westpac, and Commonwealth Bank. It will also provide exposure to the top telecom companies, big industrial groups as well as mining companies.
The company said,
“With Admiral.MT5 trading account, you can access over 4,000 of the world’s top markets via contracts for difference (CFDs). And, as of today, this includes 157 CFDs on Australian shares.”
Admiral Markets expands its global business
The company already has a strong presence in the UK, Cyprus, and Estonia and now wants to offer a larger variety of stocks and CFDs to its customers. The company is also offering Admiral. Invest accounts that could help users in investing for the long term. This account provides access to a basket of 151 Australian shares, designed for clients adopting the buy and hold investing strategy.
The CFD and FX broker is trying to bring more markets under its ambit, specially for CFD division. The regulatory market in Europe is becoming difficult for CFD operators, and the competition remains high because of which brokers are forced to look for greener pastures outside. Admiral Markets added seven new trade instruments to its list of offerings earlier this year to bring more variety to its users. These instruments provided CFD access to users in North American, European, African and Asian markets. The instruments were also available on the MetaTrader 5 platform.