FXTM, an online trading provider, announced this Tuesday that it had expanded its product offering by launching European Shares as contracts for differences (CFDs) for trading.
According to the foreign exchange (forex) trading provider, with today’s announcement, some of the most popular European shares are now available for its clients to trade, including shares from major companies.
In particular, shares from companies with the biggest market cap in Europe, such as L’Oréal, Volkswagen, Airbus, and BNP Paribas, among others, are available for trading.
By launching European Shares CFDs, FXTM aims to provide access to a larger range of Shares CFDs and allow for greater portfolio diversification, the trading provider said today.
Today’s launch of European Shares CFDs comes at a time of heightened volatility, which is proving to be a boost for brokers and trading providers, as clients are becoming more active as they try to profit from the rise and fall of prices.
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Although the currency market has seen wild swings over the past couple of weeks, commodities, stocks, and equities have all experienced higher volatility and trading volumes.
As Finance Magnates reported, other global brokers and financial firms such as Plus500 and Swissquote, have adjusted their forecasts for 2020, citing higher volatility due to current market conditions as the reason.
FXTM increases floating leverage
The announcement made today, follows on from the global broker making waves towards the end of January. In particular, FXTM revealed that it was offering floating leverage of 1:2000 on all major currency pairs.
“This improvement will allow our clients to: Increase their buying power; Boost their potential profitability; Access an even greater range of currency pairs. This change not only gives our loyal traders great value, it also reflects our long-standing commitment to customer satisfaction,” the company said in its statement released at the time.