SYDNEY, June 24, 2011 /PRNewswire-Asia/ -- Forex broker IBFX Australia, a member of the Interbank FX Group of companies, announced today the launch of gold (XAU/USD) and silver (XAG/USD) CFD contracts through its MetaTrader 4 trading platform. IBFX recognised strong demand for gold and silver, and starting today, traders can chart and trade these two metals alongside their favourite currencies.
"The launch of gold and silver will be spot on in meeting the requirements of our international clients," said Alex Douglas, Managing Director of IBFX Australia. "The addition of gold and silver – coupled with our cutting-edge proprietary trading technology – reflects our commitment to providing the very best online trading experience to retail traders and institutional partners in the market."
The recent financial crisis, in conjunction with the advent of online trading, has brought significant volume to the gold market. But even at $1,500 per troy ounce, more and more traders are interested in diversifying some of their portfolios into intrinsic assets.
"It's amazing to see the correlation that gold and silver have with some currencies," says Raghee Horner, chief currency analyst for IBFX. "Many don't realise that Australia is the world's third-largest producer of gold, and this production has significant influence on the AUD/USD and NZD/USD. Being able to chart precious metals next to currencies is paramount in my trading."
This new gold and silver offering from IBFX Australia allows traders to buy or sell up to 200 ounces of gold and 10,000 ounces of silver per transaction. Traders can access these two new contracts through their existing IBFX Australia account. Those new to IBFX can open a free non-expiring demo account and trade currencies and metals risk free at ibfx.com.au/Platform/Free-Forex-Demo-Account.
About IBFX Australia Pty Ltd
Headquartered in the heart of Sydney, IBFX Australia is a proud part of the Interbank FX group of companies which is owned by IBFX Holdings LLC and includes: Interbank FX LLC, Interbank FX UK Ltd and IBFX Australia Pty Ltd.
The Interbank FX group of companies has been successfully expanding internationally providing online forex trading services and offering individual traders, money managers and institutional customer's proprietary technology, tools and education to trade spot foreign currency online. IBFX Australia distinguishes itself among industry leaders with its unique multi bank liquidity feed, proprietary tools and services, and remarkable focus on customer care.
IBFX Australia Pty Ltd (ABN 84 142 210 179) is the holder of Australian Financial Services Licence number 363972. A Product Disclosure Statement (PDS), Financial Services Guide (FSG) and Risk Disclaimer are available from our website http://www.ibfx.com.au. You should read and consider these documents before making any decision to trade with IBFX. Trading involves the risk of loss and may not be suitable for all investors.
