One of the most innovative companies in precious metals trading, Bullion Capital, has announced that it is expanding its operations into a new continent. The company is providing a solution for retail traders who are keen to trade and own physical gold, silver and platinum at a competitive price.
The firm has been delivering an electronic exchange for trading precious metals through its trading platform MetalDesk. The solution is effectively digitalizing the purchase of physically traded precious metals, eliminating a lot of intermediaries and leading to much cheaper prices for retail and institutional investors in what is a very liquid market.
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The company has partnered with Peru-based brokerage firm Financial FX to deliver its product in South America. In its announcement, Bullion Capital states that it has added almost 80 brokers to its membership base in 2015, which has so far been a record year for the company.
Financial FX has been on the market since 2013, providing traders in the region with access to the foreign exchange and select CFDs markets through MetaTrader4 and Unitrader. After becoming a member of the Bullion Capital exchange, Financial FX clients will gain access to MetalDesk.
When trading through MetalDesk, investors are given full legal title of their investment, which protects them from counterparty risk. In addition, traders are able to use their physical gold investment as collateral for trading on margin. The client will be able to pledge an electronic Vault Warrant to Financial FX and trade foreign exchange or CFDs.