IFC Markets, the BVI-based broker, has launched a new set of Personal Composite Instruments (PCI) that allow traders to trade Gold against the Australian Dollar, Chinese Yuan and Japanese Yen. IFC already allows clients to trade gold against popular financial instruments such as oil, silver and even the S&P 500. The newly added PCIs are being hailed as a “beneficial addition for those who prefer trading gold”, according to a statement published by IFC Markets.
Why Ethereum Needs Layer 2 Solutions More Than EverGo to article >>
The New PCIs give traders a wider variety of markets through which to speculate on the value of gold as measured against other asset classes. According IFC Markets, the creation of these instruments is made possible through the GeWorko Method, which is available only on NetTradeX trading terminal offered by IFC.
The company provides its clients with Forex and CFD trading through its own-generated trading platform NetTradeX, available on PC and Mobile devices. IFC Markets also provide their clients with access to MetaTradert 4 and offers fixed spreads on some accounts.
IFC is applying for a patent for its proprietary ‘GeWorko Method’ – a unique way of analysing financial markets. IFC claims that the Method allows users to “create new financial instruments from а great variety of available assets, to determine the value of one asset relative to the other in a historical retrospective and to study the changes in the relative price of the new instruments”. Adding, “Building of the new instruments, the number and the weight of the assets, included in them, are determined by the user, and theoretically, are limited only by imagination”.