ATFX Launches New Stock CFDs
Global brokerage ATFX has introduced two new contracts for differences (CFDs). One was based on Lloyds Banking Group shares and the other on Tesco shares.
The launch announced today is part of the foreign exchange broker’s efforts to offer a broader choice of trading instruments.
The largest domestic bank in the United Kingdom is Lloyds Banking Group. The bank’s CFD offered by ATFX is based on the Lloyds Banking Group PLC (#LLOY) stock. It is offering a 1:5 leverage for retail clients, and 1:20 for the broker’s professional clients.
Tesco, on the other hand, is the biggest retailer in the UK. It has more than 2,100 supermarkets across Europe, the United States, and Southeast Asia.
This CFD is based on Tesco PLC shares (#TSCO). It is offering a 1:5 and 1:20 leverage for retail and professional traders, respectively.
Portfolio diversification across different types of instruments is one of the most important aspects of trading. This was a statement from Ergin Erdemir, the head of marketing at ATFX (UK). Trading multiple instruments allows traders to manage risks and gain flexibility, he added.
Erdemir said that the launch of their two new share CFDs means that they can continue offering clients a broader range of tradable instruments in the ever-changing financial market. It will have even more tailored trading conditions that address the specific needs of their global clientele.
ATFX to Expand throughout Europe
Today’s announcement comes slightly over a month after ATFX revealed that it would be expanding its presence further across Europe. This will include growing its market reach by hiring additional natives from European countries and others.
This follows on from the broker having recently raised funds by increasing its share capital by £1.5 million. The company received regulatory approval to do so on the 30th of April 2020.
