Global awarding-winning broker, ForexTime Limited (FXTM) is following a growing global trend, by offering clients the option to buy, sell and store physical gold. Gold bullion is often not viewed as a form of collateral but it has some major benefits for traders; it is liquid across time zones and it has a universally accepted value.
Countries such as, China, Australia, Japan, the US, Hong Kong have adopted the Basel III directive confirming that gold can be used as trading collateral. Gold bullion has become particularly popular in Asian firms because gold makes up a significant part of Asians’ investment portfolios. China in particular, holds a sizeable portion of the global gold market. Asia is also a key contributor on the supply side of the chain, they produced around 22 % of the world’s newly-mined gold in 2016. China produces the lion’s share of Asian gold, mining around 15% of the total world’s production.
FXTM has responded to and embraced the trend towards Gold, by expanding its services through one of the world’s largest online Gold investment providers – BullionVault. Due to the nature of the asset FXTM has prioritized security; it is stored in an insured, high-security vault in Zurich, Switzerland. Clients can buy and sell Gold with ease via their existing MyFXTM account, resulting in easy access to the new service. For those who wish to request physical delivery, (although this is not a common request), they will have the option to have it delivered to their door. The monetary value of the gold in a client’s FXTM account (at the time of purchase) can be converted into tradable credit. This new initiative represents the broker’s first step towards providing products that are outside of FX.
George Kyriakoudes – Chief Financial Officer of FXTM, says “product diversification has been a strong initiative in FXTM since our inception, and we continue to find ways to offer services that meet the needs of our investors on a global scale. We are particularly pleased that we are even more in tune with our Asian clients who show a strong penchant for gold.”
After the extreme market volatility in 2016, investors world-wide are seeking flexibility and security. FXTM believes that their latest offering will address this. Their innovation initiatives focus on client centric products and services, regardless of their experience and expertise. They offers a wide range of trading products which include over 60 currency pairs and spot metals, as well as, over 180 CFDs on Shares and Commodity Futures. These can be accessed via a variety of Standard and ECN trading account types. Diverse investment options, provide FXTM clients with a tailored trading experience
In 2016 FXTM focused largely on localization and diversification, i.e. crafting tools and education that suited a particular market and developing products that met the individual needs of investors. After launching their copy and social trading program – FXTM Invest – the international broker announced the introduction of a specialized Shares account that allowed direct liquidity through the NYSE and NASDAQ exchanges. Investing in client education has also remained a heavy priority, with the broker sponsoring over 50 different educational events during the course of the year.
* FXTM gold will be held at Bullion Vault. Any questions, queries or claims (redress) should be directed at FXTM and not Bullion Vault. Please see our full terms and conditions for full details.
Risk Warning: There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. If the risks involved seem unclear to you, please seek independent financial advice.