FXPRIMUS goes multi-asset! Commodities now available as spot transactions and contracts
As retail FX brokers look further toward diversification of instruments, FXPRIMUS adds commodities to their list of tradable instruments.
The drive toward diversifying product ranges offered by retail FX brokerages to incorporate commodities as well as FX is continuing, today exemplified by FXPRIMUS having added Brent Crude Oil under the symbol UKOIL, as well as WTI (oil) as contracts.
Additionally, the firm has added oil which is available on a spot basis under the symbol USOIL.sp and UKOIL.sp
During a recent meeting with FXPRIMUS senior executives, the company explained the importance of its ethos with regard to providing diversified services in order to not only offer traders a wide range of instruments to trade, but also to manage risk and ensure that the firm secures itself against potential market volatility.
Therefore the move toward offering commodities on a contract and spot basis is timely, bearing in mind Britain’s forthcoming referendum on EU membership which could cause volatility between the EUR and GBP pairs in the spot FX market.
Helen Astaniou, the company’s PR and Marketing Communications Manager, spoke to FinanceFeeds about the company’s emphasis on its three-pillar strategy which includes safety, education and technology.
In this particular case, offering products outside of the currency markets is part of the firm’s commitment to safety.
Last month, FinanceFeeds took a look at FXPRIMUS foray into virtual reality, with its virtual reality headset which utilizes the ‘flat-pack’ system provided by Google Cardboard.
The company uses the virtual reality headset to provide educational services to its retail clients across all asset classes, to which these new commodities will be included.
As far as market preferences among traders are concerned, Brent Crude and WTI – known respectively as sweet light crude and Texas light sweet – have been identified by FXPRIMUS as tradable instruments of significant popularity further to increased demand from clients to trade on the oil rally.
