Exness revealed exclusively to Finance Magnates this Monday that it has expanded its product suite by launching stock contracts for differences (CFDs) on its MetaTrader 5 platform in addition to a range of new account types.
According to the statement seen by Finance Magnates, the new account types have been designed to accommodate traders at different experience levels and with different trading styles.
In particular, the multi-asset broker has revamped its existing accounts by giving them new names and added features, as well as improved conditions. The firm has also added new accounts, such as the Raw Spread and Zero accounts. The account options vary depending on the region.
Stocks are the latest asset class to be launched by Exness, expanding the broker’s offering, which includes foreign exchange (forex), cryptos, metals, commodities, and indices. In terms of the stocks, clients can trade the Top-30 US company stocks, including AAPL and BABA.
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Commenting on the product launch, David Moyes, Exness Chief Commercial Officer said in the statement: “Portfolio diversification across asset classes is one of the most important aspects of trading, not only to manage risks, but to gain exposure and experience in the many different financial markets.”
“The launch of stock CFDs alongside our new suite of account types means that we can now offer our clients a broader range of tradable instruments in these different markets, with more tailored trading conditions that are focused on the specific trading needs of our varied trader segments,” Moyes continued.
“And of course, delivering reduced cost of transactions. This means not only providing better conditions for our existing clientele, but these new account types and instrument offerings will appeal to a much wider audience too.”
Exness to grow B2B business
Today’s announcement comes at a time when the multi-asset broker is diversifying its business model, shifting from retail to B2B in the UK and EU. As Finance Magnates reported, in October, the broker closed its retail business in the European Union and European Economic Area – including the United Kingdom, keeping its retail focus to non-EU regions.