xCFD Enhances Asian CFD Offering with New Chinese Instruments
by
Adil Siddiqui
New Zealand-based brokerage firm, xCFD, has enhanced its equity CFD offering with the addition of Chinese products. The broker continues to develop its instrument list to cater to diverse client needs.
xCFD has added Chinese equity derivatives contracts to its Trading Platform as client demand for emerging market products increases. The firm reported exclusively to Forex Magnates that it had added six equity CFDs and one stock index CFD from China. The move comes as the firm implements a number of advancements across its technology & product range.
xCFD has been evolving its products and services, the latest developments supporting its strategy to be recognised as a global provider. Among the new products, the firm stated that it added six stocks, including Baidu, Sinopec, Sina, Trina Solar & Melco Crown Entertainment and stocks. In addition, traders will be able to gain access to the popular China A50 index. The firm added the most liquid stocks due to client demand.
The new equity products are among the largest stocks listed in China. Baidu, China’s equivalent of Google, the country’s largest search engine has seen strong market moves over the last 18 months, having a market capitalization of $60 billion plus. Chinese stocks have been facing difficult times as the overall economic slowdown in the country has pushed a number of instruments to their 52-week lows, thus making CFDs on the products a viable option for short-traders.
Platform Enhancements
xCFD's flagship platform, which is powered by Exante, has also seen a number of updates. A company spokesperson reported to Forex Magnates that the platform now offers OCO orders, a common feature on retail FX trading platforms, coupled with the availability of all platform features in multiple languages. In the current update, the broker noted that five new languages were added, including Portuguese, Portuguese Brazilian, Indonesian, Dutch and Polish
The firm is keen to expand its business with a particular focus on mobile phones as more and more traders use their smart phones for financial trading. Ivan Kuznetsov, pictured, CEO of xCFD, explained to Forex Magnates during an emailed interview: “(Future plans...) as usual we have a lot in mind, but the next step that I can already talk about is the redesign of our mobile applications. We believe that brokerage (as all financial services actually) will focus more and more on mobile, so in the nearest future we will re-launch our mobile applications with greater functionality and design.”
xCFD’s philosophy is to offer simple trading solutions; the broker has a light website with all key information on the homepage. Mr. Kuznetsov believes that the future of margin derivatives trading is beyond recent trends seen in social and binary options, but by seeing FX in the day to day life of traders, he concludes: “Social, algo and binary is what we have on the market now.
I think a new trend will be to make financial services more built in our usual life. Most of our customers are looking for an easy access, understandable services and integration with their usual online activities.”
xCFD has added Chinese equity derivatives contracts to its Trading Platform as client demand for emerging market products increases. The firm reported exclusively to Forex Magnates that it had added six equity CFDs and one stock index CFD from China. The move comes as the firm implements a number of advancements across its technology & product range.
xCFD has been evolving its products and services, the latest developments supporting its strategy to be recognised as a global provider. Among the new products, the firm stated that it added six stocks, including Baidu, Sinopec, Sina, Trina Solar & Melco Crown Entertainment and stocks. In addition, traders will be able to gain access to the popular China A50 index. The firm added the most liquid stocks due to client demand.
The new equity products are among the largest stocks listed in China. Baidu, China’s equivalent of Google, the country’s largest search engine has seen strong market moves over the last 18 months, having a market capitalization of $60 billion plus. Chinese stocks have been facing difficult times as the overall economic slowdown in the country has pushed a number of instruments to their 52-week lows, thus making CFDs on the products a viable option for short-traders.
Platform Enhancements
xCFD's flagship platform, which is powered by Exante, has also seen a number of updates. A company spokesperson reported to Forex Magnates that the platform now offers OCO orders, a common feature on retail FX trading platforms, coupled with the availability of all platform features in multiple languages. In the current update, the broker noted that five new languages were added, including Portuguese, Portuguese Brazilian, Indonesian, Dutch and Polish
The firm is keen to expand its business with a particular focus on mobile phones as more and more traders use their smart phones for financial trading. Ivan Kuznetsov, pictured, CEO of xCFD, explained to Forex Magnates during an emailed interview: “(Future plans...) as usual we have a lot in mind, but the next step that I can already talk about is the redesign of our mobile applications. We believe that brokerage (as all financial services actually) will focus more and more on mobile, so in the nearest future we will re-launch our mobile applications with greater functionality and design.”
xCFD’s philosophy is to offer simple trading solutions; the broker has a light website with all key information on the homepage. Mr. Kuznetsov believes that the future of margin derivatives trading is beyond recent trends seen in social and binary options, but by seeing FX in the day to day life of traders, he concludes: “Social, algo and binary is what we have on the market now.
I think a new trend will be to make financial services more built in our usual life. Most of our customers are looking for an easy access, understandable services and integration with their usual online activities.”
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Looking to expand your network in #Africa?
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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