The ASIC-regulated online trading broker under the name TF GLOBAL MARKETS (AUST) PTY LTD, has just announced that six new CFDs will start trading next week, based on certain US, European, and Australian underlying indexes.
After nearly a year of relocating its headquarters to Australia, the Melbourne-based brokerage, ThinkForex, has just announced that six new Contract For Difference (CFD) cash index contracts are set to begin trading on Monday January 6th, 2014. The official update on the broker's website described the news as set to offering a wider selection of its CFD trading instruments to give greater trading options to clients.
The six new CFD cash index contracts were described as the first in a long line of exciting updates to come from ThinkForex in the early part of 2014, and noted as providing the following potential benefits:
No expiry - hold positions for as long as you like
Tight spreads and no additional commission
No overnight financing charges
Flexible order sizes - from 1 to 500 contracts per trade.
Extended trading hours - trade round the clock
The six new contracts set to start trading next week include the following specifications, excerpted from ThinkForex’s announcement around the time of publication:
Source: ThinkForex
Broadens Existing CFD Offering
These will be in addition to the Australian-based company's existing offering of CFD contracts on five precious metals, and ten CFDs on Index-futures, and including two Energy (oil) CFDs- all of which are available through its MT4 platform offering. The firm also is offering cTrader with nearly 40 tradable pairs including gold & silver-based pairs.
ThinkForex also offers certain metals-CFD price in non-USD currencies, available through its Bullion Trader platform (with pairs such as Silver/AUD or Gold/THB –Thai Baht), under extended metals, according to information on its website.
The downside with a CFD is the potential counterparty risk involved with the reliance on the provider's financial obligations to make good on the contract and mismatching of pricing the underlying product, whereas an exchange traded product of the same underlying instrument could afford greater investor protection in the case of a brokerages default, among other potential benefits.
Except for cases where CFDs are centrally cleared, thus mitigating the above-mentioned risk with over-the-counter (OTC) derivatives, investors must still weigh the benefits and disadvantages of each as off-exchange CFDs are the more popular choice for high- risk/return seeking speculators.
After nearly a year of relocating its headquarters to Australia, the Melbourne-based brokerage, ThinkForex, has just announced that six new Contract For Difference (CFD) cash index contracts are set to begin trading on Monday January 6th, 2014. The official update on the broker's website described the news as set to offering a wider selection of its CFD trading instruments to give greater trading options to clients.
The six new CFD cash index contracts were described as the first in a long line of exciting updates to come from ThinkForex in the early part of 2014, and noted as providing the following potential benefits:
No expiry - hold positions for as long as you like
Tight spreads and no additional commission
No overnight financing charges
Flexible order sizes - from 1 to 500 contracts per trade.
Extended trading hours - trade round the clock
The six new contracts set to start trading next week include the following specifications, excerpted from ThinkForex’s announcement around the time of publication:
Source: ThinkForex
Broadens Existing CFD Offering
These will be in addition to the Australian-based company's existing offering of CFD contracts on five precious metals, and ten CFDs on Index-futures, and including two Energy (oil) CFDs- all of which are available through its MT4 platform offering. The firm also is offering cTrader with nearly 40 tradable pairs including gold & silver-based pairs.
ThinkForex also offers certain metals-CFD price in non-USD currencies, available through its Bullion Trader platform (with pairs such as Silver/AUD or Gold/THB –Thai Baht), under extended metals, according to information on its website.
The downside with a CFD is the potential counterparty risk involved with the reliance on the provider's financial obligations to make good on the contract and mismatching of pricing the underlying product, whereas an exchange traded product of the same underlying instrument could afford greater investor protection in the case of a brokerages default, among other potential benefits.
Except for cases where CFDs are centrally cleared, thus mitigating the above-mentioned risk with over-the-counter (OTC) derivatives, investors must still weigh the benefits and disadvantages of each as off-exchange CFDs are the more popular choice for high- risk/return seeking speculators.
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