Connect with us

Top Stories

TICKMILL REPORTS MARCH STATISTICS OF CFD TRADING

TickMill

Global ECN broker Tickmill announced its first monthly trading statistics of CFDs following successful launch of the product in March 2015.

During the first month of trading almost 15% of Tickmill’s active clients took the opportunity to trade CFDs

Eden Island, Mahe, Republic of Seychelles (PRWEB) April 20, 2015

Following strong customer interest towards trading CFDs, Tickmill on March 10, 2015 enabled trading on eight major CFDs covering stock indices for Germany, Japan, Europe, United Kingdom and the USA. In addition to Gold, the company also introduced trading in one of the most traded commodities in the world – the WTI crude oil. The eight CFDs track the movements of the most liquid financial markets in the world.

Tickmill announced that during the first month of trading almost 15% of its active clients took the opportunity to trade CFDs. The company also reported that out of the tens of thousands of trades done by its clients in March, 52% were done with CFDs on German DAX 30 stock index, 21% on Japanese Nikkei 225 stock index and 20% on WTI crude oil. The fourth most popular instrument was CFD on the US S&P 500 stock index which accounted for 4% of all trades.

TickMill

The company added that the day-to-day popularity of any concrete CFD was highly correlated to the underlying volatility of the market. Therefore, in March, CFD on WTI crude oil was the most popular trading instrument on the days when crude oil had its mini-crashes.

Sudhanshu Agarwal, CEO of Tickmill added, “By the end of 2015, the aim was that CFD trading would contribute between 10-15% of our trade volumes. With more traders gravitating towards it, I only expect the trend to increase. I am pleased that even though the majority of our client base is Asian based, location does not have as great an effect as does the movements and liquidity of the underlying market. This is evident from the figures on the German DAX 30 stock index and WTI crude oil.”

A CFD, also known as ‘Contract for Difference’, is a derivative product that gives opportunity to make money from both falling and rising markets. And because there is no expiry date, a CFD therefore allows traders to hold their positions for as long as they wish. Overall the flexibility of CFDs provides an excellent hedge against losses. In fact, traders can easily use CFDs to protect themselves against unexpected market movements.

A complete listing of the eight available CFDs and Tickmill’s other retail products can be found here at this link: http://www.tickmill.com/exchange-account/#cfd

Amongst Tickmill’s attractions to retail brokerage clients are spreads from zero pips, a transparent ECN (full STP and DMA) platform permitting all strategies including scalping, and a wealth of diverse trading instruments including 64 currency pairs as well as CFDs, precious metals, and related commodities.

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Recommended

Newsletters with Secrets & Analysis. Subscribe Now