Exness Rolls Out Stock CFDs on its Trading Platform

Multi-asset broker Exness expanded its product offerings by establishing stock contracts for differences (CFDs) on the MetaTrader 5 platform of the firm. This launch is in addition to several other ranges of new account types.

In a recent statement made by the firm, the new account types are meant to provide specific accounts to traders with different trading styles and different experience levels. The accounts would offer them the opportunity to personalize their trading styles and stay more efficient in the management of their accounts, the company said.

Exness has already been trading on indices, commodities, metals, cryptos, as well as forex. However, yesterday it decided to add stocks to the long list of product offerings to accommodate more traders who are more familiar with stocks trading. The firm said clients that want to trade on stock on the platform can trade the top-30 US company stocks, such as BABA and AAPL.

Basically, Exness updated its existing accounts by changing their names and adding new features. Apart from updating the old accounts, the firm also added new accounts like Zero accounts and Raw Spread. However, the account options are not the same, as they differ based on regions.

Additional accounts offer better risk management

While speaking on the development, Chief Commercial Officer at Exness, David Moyes, stated that the classification of trading across different asset classes is one of the most significant parts of trading. It matters not only for the management of risks but to also gain experience and exposure in different types of financial markets.

He further said that launching the stock CFDs as well as other new accounts suites will provide a wide range of account options for clients who are looking to diversify their trade. There are now more options when it comes to trading instruments in different markets. It will also enable traders to focus on their trading needs while seeking trading opportunities from other markets.

Additional accounts also reduce transaction cost

Moyes also pointed out that one of the benefits of the additional trading options is the lowered cost of the transaction. It means that it will offer improved working conditions for the existing clients and help the clients effectively manage their different accounts in one platform. Instead of having multiple accounts on different platforms, clients can now manage all their portfolios from different markets on a singular platform, Moyes reiterated.

Exness wants to grow a B2B business

Exness is gradually turning its attention to B2B in the EU and the UK. Last October, the firm closed its retail business in the European Economic Area and European Union and focused on non-EU regions.