MoneyForex Financial Ltd., an online foreign exchange trading platform and market maker, has added CFDs, commodities, indices to its forex currency products.
With the rise in demand for commodity trading especially spot gold and silver, MoneyForex added the instruments to its trading platform to provide traders with additional investment and hedging tools. Other new instruments added are S&P 500 index, Nasdaq index, Dow Jones index and crude oil.
“With clients from more than 100 countries, we receive hundreds of emails requesting us to offer commodities to our platform,” says MoneyForex strategist Peter North. “Recently with the rise in gold and silver prices, traders are looking for ways to hedge or speculate on the commodities just to make a quick gain. The price of gold has been hitting history new high and we are looking at $700/oz by year end.”