Customers of Amana Capital are now going to be able to trade single stock CFDs, the firm shared with Finance Magnates. The news comes amid increasing demand on the part of clients for alternative asset classes during a period of relatively low volatility in the FX market.
Amana Capital will offer to its clients close to 300 US single stock CFDs. The list is starting with the most-sought-after 30 constituents of the Dow Jones Industrial Average index. The broker also included all of the companies from the NASDAQ 100 index, as traders continue to be keen to invest in technology companies. The new asset class will be available via the MetaTrader 5 platform.
Alongside these heavyweights, the company also added another 150 stocks from the most popular S&P500 constituents. The hottest IPOs of the year have also been included, as new upcoming listings that attract interest on part of investors are going to get added before the end of 2019.
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Commenting on the launch of single share CFDs, the CEO of Amana Capital, Ahmad Khatib said: “The growing appetite on part of our clients to trade shares is driven by the relentless rally in US stocks over the past decade and their increasing association with the brands and products which listed companies make.”
“We started with the US stock market and focused on delivering to our customers a list which is large enough to cater to different individual preferences,” Khatib elaborated.
The global forex and CFDs brokerage company has been proactively responding to customer demands in recent years by launching new products every couple of months. The latest tool which Amana Capital added to its clients is a free risk-management helper called RiskPulse.
After the company recently revamped its website with a new and modern design, the firm is refocusing on its core offering as the adoption of the MetaTrader 5 platform continues to gather speed among retail clients.