2 years ago
73 FinanceFeeds -
RADEX MARKETS, a Seychelles based FX and CFD broker and a trading name under GO Markets International Ltd Co, has announced the launch of share and crypto CFDs alongside the addition of MetaTrader 5 to its platform offering.
The international Forex and CFD broker wants its clientele to access global financial markets via the professional and advanced trading platform as the platform follows the trend toward multi asset trading.
Available on Desktop and Mobile devices, the newly added MT5 platform allows users to trade forex, stocks, futures, and crypto, and features comprehensive tools for price analysis, algorithmic trading applications (Indicators, Expert Advisor), and copy trading.
Leveraged trading of stocks and crypto on MT5
The Share CFDs made available on RADEX Markets provide exposure, either by going long or short, to many instruments listed on the Nasdaq, NYSE, and ASX Exchanges without actually owning the assets – this is a unique feature of trading Share CFDs. Over 100 US and AU Share CFDs products are now available on the broker’s trading platforms.
The Crypto CFD offering includes twenty of the most popular digital assets, such as Bitcoin, Bitcoin Cash, Ethereum, Ripple, and Litecoin. These instruments can be traded on MetaTrader 5 and five Crypto pairs will be available to trade on MetaTrader 4. Traders can long or short the product without the need for a digital wallet.
Henry Huang, a Radex Markets spokesperson, commented: “At RADEX MARKETS, we pride ourselves in standing and thinking side by side with our users. The addition to our product offerings of Share & Crypto CFDs on MT5 is just one more step in becoming the broker for traders across the board.”
RADEX MARKETS is an offshore broker that is a subsidiary of Australia-based FX broker GO Markets. While using its parent company’s technology and offering, RADEX MARKETS operates outside ASIC’s scope, which allows users to enjoy leverage of up to 500:1, which is banned in Australia since late March 2021.
ASIC has recently renewed its restrictions on CFD products after a review which found that the new policy has successfully reduced retail losses by 91%.
For instance, ASIC observed during the order’s first six months of operation:
a 91% reduction in aggregate net losses by retail client accounts (from $372 million to $33 million aggregate net loss per quarter on average)
51% fewer loss-making retail client accounts per quarter on average
an 87% decrease in margin close-outs affecting retail client accounts per quarter on average
an 88% reduction in negative balance occurrences for retail clients per quarter on average.
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