PLANTATION, Fla., Nov. 12, 2013 (GLOBE NEWSWIRE) -- The TradeStation Forex division of IBFX AU*, a Monex Group company (Monex Group, Inc. is listed on the first section of the Tokyo Stock Exchange, code: 8698), announced today that clients can now trade spot oil, gold and silver CFDs (contracts for difference) in addition to the current offering of foreign currency pairs.
The three new CFDs offerings on the TradeStation platform are XTIUSD (U.S. crude oil/U.S. dollar), XAUUSD (gold/U.S. dollar) and XAGUSD (silver/U.S. dollar), all of which trade similarly to spot currency contracts, with cash settlements, no contract expiration and no delivery risk.
"Spot oil, gold and silver CFDs are a convenient way to trade different commodities without actually taking delivery," notes Gary Weiss, President and COO of IBFX AU. "Because these contracts are affected by global economic and political factors, they're popular with traders seeking to take advantage of price action in multiple markets."
"They also offer traders the opportunity to diversify their portfolios and hedge against risk. For example, gold and silver are often considered a hedge against inflation or against the dollar. Gold has also traditionally been considered a 'safe haven' investment during times of high volatility and uncertainty in the U.S. dollar."
For more information about IBFX Australia Pty Ltd or to open an account, call 1-800-839-404 or visit our website at http://www.ibfx.com.au.
*About IBFX AU
IBFX Australia Pty Ltd (IBFX AU) is registered with ASIC (ABN 84 142 210 179/AFSL 363972) and provides forex brokerage services outside of the United States. The company's technology affiliate, TradeStation Technologies, Inc., develops and offers strategy trading software tools and subscription services. TradeStation Europe Limited, an FCA-authorized brokerage firm, introduces UK and other European accounts to TradeStation Securities, Inc., IBFX, Inc. and IBFX AU.
Forex trading is one of the riskiest forms of investment available in the financial markets and is suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Read the full risk disclaimer and privacy policy on trading at www.ibfx.com.
About IBFX Australia Pty Ltd's Parent Company and Affiliates
Parent company
TradeStation Group, Inc., through its principal operating subsidiaries, TradeStation Securities, Inc. (TradeStation Securities), IBFX, Inc. and IBFX AU, offers analytical and trading platforms to the active trader and certain institutional trader markets. The TradeStation platform offers electronic order execution and enables clients to design, test, optimize, monitor and automate their own custom equities, options, futures and forex trading strategies. TradeStation Group is a wholly owned subsidiary of Monex Group, one of the largest online financial services providers in Japan.
Affiliates
TradeStation Securities, Inc. (TradeStation Securities) (Member NYSE, FINRA, SIPC, NSCC, DTC, OCC & NFA) is a licensed securities broker-dealer and a registered futures commission merchant, and also a member of the Boston Options Exchange, Chicago Board Options Exchange, Chicago Stock Exchange, International Securities Exchange and NASDAQ OMX. Its TradeStation Prime Services division, based in New York, seeks to provide prime brokerage services, including securities lending, to small and mid-sized hedge funds and other firms. TradeStation Securities, Inc. (TradeStation Securities) is an award-winning online brokerage firm and trading platform. In the March 2013 Barron's magazine review of 24 online brokers, TradeStation Securities was ranked Best for Frequent Traders and Best Trading Experience and Technology, and received the highest star rating for International Traders. In the February 2013 Technical Analysis of Stocks & Commodities magazine annual Readers' Choice Awards, the TradeStation platform was voted Best Trading System – Stocks, Best Trading System – Futures, Best Institutional Platform, Best Professional Platform, Best Online Analytical Platform and Best Real-Time Data. In the January 2013 Investor's Business Daily Best Online Brokers Report, a major new annual survey of active investors conducted by Investor's Business Daily, TradeStation Securities was ranked among the top five online brokers for Overall Customer Experience, as well as best for Equity Trading Tools and among the top five in three other key categories. For more details, visit our Awards page.
IBFX, Inc. (IBFX) (Member NFA) is a Retail Foreign Exchange Dealer that provides forex brokerage services directly and through its TradeStation Forex division in the U.S.
TradeStation Technologies, Inc. develops and offers strategy trading software tools and subscription services.
TradeStation Europe Limited, an FSA-authorized brokerage firm, introduces UK and other European accounts to TradeStation Securities, IBFX and IBFX AU.