SYDNEY, March 10, 2014 /PRNewswire/ -- Australian based online Forex and CFD provider, MXT Global is pleased to announce it has added the USD/CNY to its currency listing and has expanded on its commodities offering adding Palladium, Platinum as well as Gold and Silver against the Australian dollar.
MXT Global will be one of the first financial services providers in Australia to be offering the Chinese Yuan/US Dollar pairing to Forex traders. The demand for the Yuan has been exponentially growing and with suggestions that the Chinese government is looking to float the currency, future demand will only increase. In early January, 2014, it was reported by Bloomberg that the Yuan was ranked the eighth top currency used in transactions worldwide.
MXT Global will now also be offering new precious metals Palladium (XPD/USD) and Platinum (XPT/USD) to their commodities trading mix. MXT Global has responded to the calls for such commodities, especially with Platinum reaching trading highs of late against news of mining strikes.
Spot Gold and Silver against the Aussie dollar (XAU/AUD and XAG/AUD) will also be making its debut with MXT Global this week. The close relationship between the Australian dollar and Gold has been well documented even with the precious metal's high volatility last year reaching trading highs in January, 2014. The pairs' visibility and availability on MXT's MetaTrader 4 (MT4) will provide great market monitoring and fascinating trading.
"With such a large amount of clientele from Australasia, we know these new products will be a welcome trading addition for them. We are responding to these requests from our clients and glad to be able to support their financial interests," says Xiawei Que, Manager Sales & Trading of MXT Global. Mr Que suggests that as the company expands so too will their products and services over the course of 2014.
MXT clients who wish to access these new products can do so immediately on the latest version of MXT's MetaTrader 4 (MT4). In the 'Market Watch' panel, right click on any line and select 'Show All'. The new Chinese Yuan currency pair will be shown as USD/CNH. As always, MXT will always offer these items at competitively low spreads and high execution speeds.
If you do not have a MXT MetaTrader 4 (MT4) platform, you can download a free 30 day demo account at any time and practice trading with $20,000 of virtual funds.
About MXT Global
MXT Global (MXT) is a financial services provider that aims to offer the best combination of customer service, online Forex trading technology and the tightest spreads in the market. We offer Australian and international traders access to popular trading platforms such as MetaTrader 4 (MT4), both PC and Mac, and desktop-free solutions such as mobile and Webtrader. MXT Global Pty Ltd (MXT) is authorised and regulated by ASIC (AFSL #428901).
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SOURCE MXT GLOBAL