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Abstract:OctaFX has added more than 150 single-stock CFDs that can be traded on 16 stock exchanges around the world. OctaFX has expanded its contracts-for-difference offering for the second time.
OctaFX said in a company statement that it has added this wanted asset class to attract both new and experienced traders. The broker says that the new CFDs can be traded along with the 80 CFD products that are already available. These products include currencies, commodities, stock indices, and cryptocurrencies.
Traders who trade equities as CFDs have the chance to invest in their prices without having to purchase them. They may also use a broad range of classic trading instruments, such as high leverage and stop orders.
These assets offer a wide volatility range, making them ideal for CFD investors. Many CFD investors are looking for ways to take part in the market's upswing while also betting against a quick drop.
Retail traders' need for stock exposure has grown, which has led brokers to offer more options. OctaFX offers CFD trading on popular stocks like Apple, Tesla, BMW, Airbus, and Amazon, as well as other big companies from the US, Japan, Singapore, the UK, Europe, and Australia. This is because traders want to profit from the growth of certain industries.
As part of the campaign to promote the debut of stock trading, the broker stated that it will choose fifteen traders at random from those trading on stocks before December 1 and award them prizes from a pool of $10,000. On December 6, the winners will be revealed on OctaFX's YouTube channel.
'It is an important move for us as a broker.' We had to add this wide range of instruments to our CFDs because of the growing interest in the stock market and the many ways it can help you diversify your portfolio. “With the impact stock prices have on the global 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 on it,” the OctaFX press release stated.
In 2019, OctaFX got a license from CySEC. This lets the company run a branch in the EU and accept customers from all over the continent.
OctaFX, which was founded in 2011, has been operating via a company in St. Vincent & Grenadines. This provided the company greater leeway in using leverage and awarding incentives to customers, but the challenges of the offshore payments sector prompted companies to seek other jurisdictions with stronger laws.
We last heard from OctaFX in October, when it announced the impending introduction of its proprietary trading platform, 'OctaTrader,' a fully in-house product with an emphasis on design and functionality in order to provide a user-friendly interface as well as rapid and smooth performance.
Here's how to use the WikiFX Mobile App to spot your chosen broker.
The WikiFX App is a search engine for forex trading. It is available as an online app and a mobile app. It has over 40,000 brokers listed on the platform, both regulated and unregulated, so you can easily search and identify your chosen broker without going to another website.
To search OctaFX through the WikiFX App
First: Launch the WikiFX App on your browser. To access the mobile app, type www.wikifx.com or download the app from the App Store or Google Play Store and install it on your phone.
Second: The search box in the WikiFX App should be visible in the top right corner of the screen. Enter the broker's name, such as OctaFX, then press enter.
Third: Anticipate a flood of results, including copied websites.
Fourth: Choose the correct broker based on their official website URL.
Fifth: After selecting the appropriate broker, you should see all of the information you want, including complaints from its traders and reviews. If it's accurate, you should be able to see their offices based on their locations, as well as their licenses or regulating agencies.
If you want assistance, please contact WikiFX Support using the information provided below.
OctaFX web address: https://www.wikifx.com/en/dealer/8426481202.html
Stay tuned for more Brokers news.
Download the WikiFX App from the App Store or Google Play Store to stay updated on the latest news.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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