Axitrader has introduced 18 new currency and commodity pairs to trade from
These include emerging market currency pairs including:
Malaysian Ringgit
Brazilian Real
Chilean Peso
Colombian Peso
Chinese Renminbi
Indonesian Rupiah
Indian Rupee
Korean Won
Phillippine Peso
Taiwan Dollar
Traders can take advantage of the Malaysian Ringgit slump, or position themselves with the falling Renminbi
Such instruments used to only be available to bank and institution traders
Other commodity symbols now include gold and sliver priced in:
Australian Dollar – XAUAUD, XAGAUD
Swiss Franc – XAUCHF, XAGCHF
Chinese Yuan – XAUCNY, XAGCNY
Euro – XAUEUR, XAGEUR
Japanese Yen – XAUJPY, XAGJPY
New Zealand Dollar – XAUNZD, XAGNZD
Singapore Dollar – XAUSGD, XAGSGD
Axitrader is the only broker that offers Malaysian Ringgit and Gold and Sliver tradeable in SGD, AUD, etc
The advantage would come when you have a non-USD Axitrader account and you want to trade Gold. You no longer have to have exposure to USD when hold your Gold position over the few weeks or months
If you have an SGD account, you would just buy XAUSGD, vice versa for AUD, GBP, NZD denominated accounts
The exposure to USD can be substantial especially with the recent fed rate hike + trump inspired USD rally, where you would have been protected from a 6.5% loss purely from the USD appreciation if you had an SGD denominated account and were long Gold (XAUUSD)
If Axitrader interests you, open an account with them with a 22% lifetime commission discount included, only available to Abundance Trading Group.
The 22% lifetime commission discount comes automatically included if you open an account using the link above
If you have an existing account and would like access to the discount, please email [email protected] and ask for your account to be transferred to Abundance Trading Group, IB group number 429188
If you face issues, contact me at [email protected]