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Australian Brokers Donate to Bushfire Volunteers

Brokers all over the world joined forces to help the widespread Australian bushfires. Invast Global donated 100% of its trading commission generated last January 31st to the New South Wales Rural Fire Services.

Invast Global CEO Gavin White said the broker was all behind the cause in supporting volunteer firefighters. Many helped provide comfort to the victims with dedication and selflessness, he continued.

Their most supportive clients came from the other side of the world, with many having never been to Australia.

Another Australian broker Pepperstone donated AU$50,000 to the Victoria Country Fire Authority Bushfire Disaster Appeal. The broker’s CEO Tamas Szabo said the agency will give donations to any bushfire-related charities over six weeks.

The Australian bushfires killed a total of 27 people, affecting all states and territories since September 2019. More than an estimated 400 million animals were killed, in addition to 2,100 destroyed homes.

Lincoln Finance Just Got Cloned

Invast Global in December

Sydney-based Invast Global expanded into contracts for differences (CFDs) and two Equity Index CFDs last month.

In CFDs, the broker added Cash Oil CFDs with both Brent Crude Oil and WTI Crude Oil offered in cash. Its six new index CFDs include Japan 224, US 2000, Netherlands 25, Swiss 20, India 50, and the Taiwan Index.

The new offerings are from its attempts to divert away from foreign exchange amidst its slow, bear market. This was in addition to changing demand from the broker’s client base.

Invast Global’s CCO James Alexander described the shift as a response to “enormous demand” for access to new products and assets. The average spreads for the new CFDs remain consistent.

Two weeks after its first launch, WTI Crude Oil was at US$ 0.016, while Brent Crude Oil was at US$ 0.017.

Many broker providers reported forex volumes in the red in November, with numbers largely lower year-on-year. Brokers expanded their product offerings towards cryptocurrencies, stocks, ETFs, CFDs, and more.



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