FXTM launches opportunity to use Gold as trading collateral, with optional physical delivery
Forextime Limited (FXTM), has today announced that it now offers clients the option to buy, sell and store physical gold. Moreover, the monetary value of the gold in a client’s FXTM account (at the time of purchase) can be converted into tradable credit. By expanding its services through one of the world’s largest online Gold […]
Forextime Limited (FXTM), has today announced that it now offers clients the option to buy, sell and store physical gold. Moreover, the monetary value of the gold in a client’s FXTM account (at the time of purchase) can be converted into tradable credit.
By expanding its services through one of the world’s largest online Gold investment providers, BullionVault, FXTM guarantees the highest levels of security and seamless usability, with the asset being stored inside an insured, high-security Swiss vault in Zurich. Clients can buy and sell Gold via their existing MyFXTM account, ensuring easy access to the new service. For those who wish to request physical delivery, there is also the option to have the asset delivered to their door**. Overall, this new initiative represents the broker’s first step towards providing products that are outside of FX.
Commenting on the new service, Olga Rybalkina, CEO of FXTM, said: “We have always tried to diversify our product offering at FXTM in order to cater to the localised needs of investors on a global scale, and we are excited that we are now able to offer clients even more diversity when it comes to their investment portfolio. After the extreme volatility throughout the financial markets last year, we feel that 2017 comes with new opportunities as we continue to lead the market with innovative concepts and focus on a client-centric service, with the aim of providing flexibility to investors at all different levels of experience.”
In addition to the new gold feature, FXTM offers a range of trading products, including over 60 currency pairs and spot metals, as well as, over 180 CFDs on Shares and Commodity Futures, which can be accessed via a variety of Standard and ECN trading account types. By providing a variety of investment options, FXTM clients can enjoy a tailored trading experience designed to meet their needs and experience level.
2016 was a year in which FXTM has focused largely on localization and diversifying their product portfolio to meet the different individual needs of investors. After launching their copy and social trading program – FXTM Invest – early in the year, the international broker announced the introduction of a specialized Shares account that allowed direct pricing through the NYSE and NASDAQ exchanges. Investing in client education has also remained a heavy priority, with the broker sponsoring over 50 different educational events during the course of the year.