Admiral Markets has expanded its global equity offering available via the MetaTrader platform, by adding a new market to the mix – Australia, the foreign exchange (forex) and contracts for difference (CFD) broker announced this Monday.
As of today, clients of Admiral Markets have access to the Australian market through Metaquotes’ most recent version of its flagship FX trading platform, MetaTrader 5. Namely, they can trade shares from the Australia 200 index.
Specifically, the broker’s clients can now trade shares of Australia’s biggest banks – Commonwealth Bank, National Australia Bank, Australia and New Zealand Bank, and Westpac, alongside the country’s leading mining companies, large industrials and top telco, the statement released today said.
Customers of Admiral Markets, which has operations in Estonia, the United Kingdom, and Cyprus, will be able to trade Australian shares via CFDs.
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“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,” the company outlined.
For clients of the broker wanting to invest over the long term, this is now possible through Admiral.Invest accounts, where traders can invest in 151 Australian shares. Admiral.Invest is made for buy and hold investing.
Admiral Markets continues to expand offering
Today’s expansion comes at a time when the FX and CFD broker has been actively trying to expand its offering – particularly for CFDs, as trading providers strive to remain competitive in an increasingly difficult regulatory environment.
As Finance Magnates reported, earlier this year, the company expanded its CFD offering to add seven new instruments. The seven newly-added CFDs, which represent the regional equity market indices of Asia, Africa, Europe, and North America, were also made available to the clients of the broker via the MetaTrader 5 platform.
The CFD products are grouped into two categories based on the underlying contract type – cash index CFDs and index futures CFDs.