GO Markets Expands Multi-Asset Offering, Launches ASX Share CFDs

GO Markets, a Melbourne-based broker, has expanded its multi-asset offering, by adding Australian Securities Exchange (ASX) stocks for trading on MetaTrader 5, a statement from MetaQuotes announced this Friday.

With the expanded range of financial instruments now available, clients of the Australian broker can now trade stocks of the largest corporations in the country, such as Rio Tinto Ltd, a mining giant, Commonwealth Bank, telecommunications firm Telstra and many others.

GO Market was one of the first brokers to offer online trading in Australia. Now, its customers have the ability to open long and short positions while trading stocks and, according to the statement, this move is likely to attract traders who want to use a single MetaTrader 5 account for multi-asset trading.

Today’s announcement follows on from GO Markets launching new contracts for differences (CFDs) in equities listed on the ASX towards the end of March, as Finance Magnates reported.

Similar to the stocks of large Australian companies, GO Markets traders were given access to shares in companies such as Rio Tinto, Commonwealth Bank, and Telstra with a leverage of 20:1.

Tougher Markets Cause Brokers to Diversify Offering

The MetaTrader Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term facilitates trading operations and technical analysis in the foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) and futures markets. The addition of stocks to GO Markets’ MetaTrader 5 platform, comes at a time when brokers are increasingly diversifying their offering to traders.

In Europe, this is largely to help offset the regulatory restrictions imposed by the European Securities and Markets Authority (ESMA), but abroad a diversified offering is one way in which they can stand out from the crowd.

Commenting on the decision, Christopher Gore, the CEO of GO Markets, said: "The decision to expand has been brewing for a long time. We intend to present to our clients an all-in-one offer and provide them access to an even greater number of marketplaces. The launch of exchange trading on NYSE and NASDAQ is scheduled for mid-2019".