A forex trading broker, FP Markets, has launched new foreign currency pairs that are available across CFD and FX brokers’ platforms of MetaTrader 4 and MetaTrader 5. The new launch of FX pairs targets currencies from Latin America, Africa, and Asia sovereignty traded in defiance of the US dollar. The exotic FX will include the following currencies:-
- Ugandan shilling
- Botswana pula
- Colombian peso
- Chilean peso
- Kenyan shilling
- Zambian kwacha
- New Taiwan dollar
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These latest currency pairs follow the record FX market trading volumes in 2022, with an astonishing record of US$7.5 trillion/day, which is higher than US$6.6 trillion three years ago. This volatility crush has indicated the demand for established FX and CFD brokers like FP Markets, which can further add more such foreign currency pairs according to the user base’s preferences. One can learn more about the top Forex trading brokers in Australia by clicking here.
Due to the CFD broker’s new rights, more than 70 currency pairs are now available in the Forex market. This is a wide range of financial products, such as equity indices, individual stocks, commodities, cryptocurrencies, ETFs, and bonds.
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FP Market Head of Europe, Middle East, and Africa Craig Allison commented that as a leading broker, their first objective is client satisfaction, and hence the additional currency pairs, which could be traded via the MT4 or MT5 platform, would likely offer investors flexibility and choice during their trade in the currency market.
