Admiral Markets, a foreign exchange (forex) and contracts-for-difference (CFD) trading provider with operations in Estonia, the United Kingdom and Cyprus, announced this Thursday that it has added seven new CFDs to its offering.
The seven newly-added CFDs, which represent the regional equity market indices of Asia, Africa, Europe, and North America, are available for clients of the broker via the MetaTrader 5 platform.
The CFD products have been grouped into two categories based on the underlying contract type – cash index CFDs and index futures CFDs.
Under the cash index CFDs, customers of Admiral can trade the Canada60, an index of the 60 largest companies listed on the Toronto Stock Exchange in Canada, HSCEI50, an index of 50 enterprises in China that list their H-shares on the Hong Kong Stock Exchange, and the SouthAfrica40, which entails the largest 40 companies listed on the Johannesburg Stock Exchange.
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Admiral Markets: No Commissions for CFDs
When trading these CFDs via Admiral’s MetaTrader 5 platform, investors can go long or short on their trades. According to the statement released today, the broker will also charge no commission for this instrument group.
The second group of CFDs, index futures CFDs, include India50, an equity market index of the National Stock Exchange of India, STXE600, a market index containing 600 constituents of exchange-listed companies from 17 European countries, Singapore25 and Taiwan50, an index with the 50 largest companies listed on the Taiwan Stock Exchange.
Similar to the first group of CFDs, investors will not have to pay a commission when trading these instruments, there will also be no overnight position financing payments (SWAPs), the statement said.
Via its MetaTrader 5 platform, clients of Admiral Markets can trade more 19 further indices, as well as more than 3,300 other CFDs, which represent ten asset classes such as currencies, cryptocurrencies, commodities, stocks, and bonds.