2 years ago
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The first of these developments was a drastic reduction in the spread of a range of instruments for its clients in Australia. This has been implemented earlier but the company added this change in their statement to ensure that it reaches its clients and other traders who are looking for a strong and low-cost platform to trade with. The broker has also announced a drastic reduction in the commission charged to their Australian customers from A$8 per round turn to A$3 per round turn which is one of the lowest in the industry. If their Discount Levelling product is applied, it drops to a further A$2.5.
To increase the choice of instruments for the traders to trade in, the broker has also doubled its instrument offering from 800 to 1600 including CFDs of shares and ETFs of some of the major companies from all around the world giving a very wide choice to their clients. The company has also added many new commodity instruments like Zinc, Copper, Lead, Nickel, Gas and Aluminium to its platform.
Mr Justin Pooni, Head of Branding and Communications at ACY said, “The other significant development we would like to formally acknowledge is that we have more than doubled our offering across our share CFDs on the ASX, NYSE, Nasdaq and NYSE Arca Equities from 800 to over 1600. What that means is that you can now trade CFDs on over 1600 shares and ETFs including Apple, Facebook, Tesla, Amazon, SPDR S&P500 ETF Trust, VanEck Vectors Gold Miners, and the Proshares UltraPro Dow 30 to name a few”.
As part of this increase in the number of trading instruments, the company has also added the cryptos ChainLink, Stellar, EOS and Polkadot to the list of its digital asset offering which already has Bitcoin, Ripple, Ethereum, Litecoin and Bitcoin Cash. This is something that almost every trading platform has been doing in recent times due to the increased interest from the traders for trading cryptos which has been fuelled by the volatility. This volatility pushes the traders towards speculating in the cryptos rather than trying to buy and hold as they believe that they could use this speculation to make better profits than by holding cryptos. With these developments, the company hopes to empower its clients through increased choice.
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