Diversifying its trading offerings, IronFX has announced the launch of IronFX Multi-Asset Trader. The new trading platform focuses on CFD trading, with over 3,000 instruments, including equities, stock indexes, commodities, bonds and interest rate products. The new platform compares to its existing MetaTrader trading experience which focused on forex, as well as a limited batch of popular CFDs, such as gold, crude oil and popular global stocks.
With the new Multi-Asset Trader, IronFX will be targeting a new customer type as the platform has a $10,000 minimum account size. According to the broker, CFD trading on the platform is being made via Direct Market Access (DMA) to external market liquidity. Among available stocks to trade, leverage is offered from 4 to 20:1 depending on the market.
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Learning more about the product, Forex Magnates reached out to the broker to learn which liquidity the platform is connected to for the DMA, what led to launch a CFD focused platform, and what percentage CFDs currently compose of their business. As of publishing time, Forex Magnates has yet to receive a response, but will post an update as soon as additional information is provided. (Update: Answers posted in a follow-up article)
About the product launch, Chairman and CEO of IronFX Global, Markos Kashiouris, stated in the firm’s public comments, “We are very pleased to announce the launch of the IronFX Multi-Asset Trader. As a leading broker operating in constantly evolving financial markets, we work to continually enhance the products and services that we provide to clients. With this new cutting-edge platform, we are able to provide our clients access to the widest range of instruments worldwide, at competitive spreads.”