iForex adds more non-leveraged instruments to its platform

Karthik Subramanian

iForex, a large FX and CFD broker, has announced that it would be adding 70 more new non-leveraged instruments to its proprietary platform, FXnet.

The platform already has around 22 instruments in its non-leveraged portfolio list and this addition of new instruments would push the total number of such instruments to around 100.

A spokesperson for Formula Investment House Ltd, operator of the www.iFOREX.com website, said: “These non-leveraged tradable products will allow our traders to diversify their portfolio and balance their market movements, based on their risk appetite. By making more non-leveraged assets available, we give modern traders a valid alternative to traditional investment methods, which only allow one type of investment per portfolio”.

The company has seen a good response to its existing non-leveraged instruments and it believes that this range of instruments would be attractive to large investors and those traders who have a low-risk appetite. It is generally believed that leverage is one of the major killers for any FX account and many major investors and traders have been advising the industry and other smaller traders to use less leverage as a means of avoiding liquidation of their FX trading accounts in times of high market volatility.

The broker has over 750 CFD instruments on its platform and these have higher leverage at this point in time. These instruments include some trending cryptos like Dogecoin. Recently, it had started using AI to monitor the trading pattern more easily and bring in features that would help its traders.

“We’ve discovered that a balanced portfolio requires more than just the traditional assets you find available within generic trading applications and platforms. It is for that reason that our trading platform is developed in-house; it allows us to react to the most recent traders’ needs before anyone else,” an iFOREX official said.

It is expected that some cryptos may be added to the portfolio of non-leveraged instruments and it would be interesting to see how welcome these cryptos would be like most of the trading in the crypto space at this point of time is in speculation which in turn fuels the use of high leverage.

iForex would hope that many users would make use of these non-leveraged trading for investments and also for trading and this would help to usher in periods of good trading. This would help to reduce the pressure on the broker as well as they would be able to clear trades in a much easier manner and also would be able to handle periods of high volatility much easily. Overall, a move to non-leveraged trading would be healthy for the industry.

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