OctaFX ramps up its CFDs offering with 150 new stocks
OctaFX has once again expanded its contracts-for-difference offering, this time with the addition of 150+ new single stock CFDs listed on 16 stock exchanges around the world.
In a corporate statement, OctaFX said it has introduced this sought-after asset class as it aims to capture the interest of several beginner and advanced traders. The new CFDs can be traded alongside the already existent 80 CFD instruments, including currencies, commodities, stock indices, and cryptocurrencies, the broker explains.
By trading stocks in the form of CFDs, traders have the opportunity to invest in their price without having to actually buy them. Furthermore, they can take advantage of a wide array of traditional trading tools such as high leverage and stop orders.
The massive range of volatility exhibited in these instruments creates an ideal environment for investors in CFDs, many of whom are looking for ways to buy into the markets’ bull run, just as they were able to bet against their rapid fall.
Retail traders have increasingly demanded access to stocks exposure, which in turn has prompted brokers to expand their respective offerings. With traders now looking to tap into the boom in certain sectors, OctaFX has answered the call for its client base with CFD trading on hot stocks including Apple, Tesla, BMW, Airbus, and Amazon, as well as other major companies from the U.S., Japan, Singapore, the U.K., Europe, and Australia.
As part of the campaign promoting the launch of stock trading, the broker announced that it would randomly select fifteen traders out of those trading on stocks before 1 December and give them prizes from a pool of 10,000 USD. The winners will be announced on OctaFX’s YouTube channel on 6 December.
‘It is an important move for us as a broker. With growing interest in the stock market and its major opportunities for portfolio diversification, we simply had to add this wide range of instruments to our CFD offering. With the impact stock prices have on the world economy and their strong connection to political and economic events, this also opens up room for broader fundamental analysis and trading decisions—both short and long—based off of it,’ the OctaFX press office commented.
Back in 2019, OctaFX acquired a license from CySEC, which allowed the firm to operate an EU-based subsidiary and onboard clients from across the continent.
Founded in 2011, OctaFX had been operating via a St. Vincent and Grenadines subsidiary. While that provided the firm with flexibility on leverage and bonuses to clients, the hardships of the industry in the offshore payments space prompted firms to look for more stringent regulatory jurisdictions.
We last reported about the brokerage firm earlier in October when OctaFX announced it is about to launch its proprietary trading platform ‘OctaTrader’ – an entirely in-house project with a focus on appearance and functionality in order to offer a user-friendly interface as well as quick and smooth performance.
