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Scope Markets, the globally regulated group of brokers, has announced the addition of 276 new instruments to its tradable universe. The company aims to respond to evolving demands and ensure customers can take advantage of market opportunities. The new additions include CFDs on index futures, which are being introduced ahead of the upcoming US Presidential Election.
Pavel Spirin, CEO of Scope Markets, commented: "We have made the decision to widen our product range to include CFD futures as these provide a powerful alternative for traders, especially when they are looking to deploy longer-term strategies. With no overnight financing charges, the CFD futures offer many of the benefits of a traditional futures contract but without the high barriers to entry that are often associated with the type of derivative instrument."
The US Presidential Election has prompted the extension of the CFD futures offering, as traders seeking to develop strategies around the event are looking beyond traditional assets. Scope Markets' latest additions include CFDs on equity index futures, VIX, and the Dollar Index, providing opportunities for longer-term, broad-based exposure to the US market and economy, which could be crucial for traders focusing on fundamentals.
The VIX, also known as the 'fear index', reflects expectations of changing volatility on the US benchmark S&P 500 index. The 'Dixie' Dollar Index measures changes in the strength of the US Dollar against a basket of six major currencies, better reflecting the overall outlook for the US economy.
Pavel Spirin added: "Opening up new instruments for retail clients takes some effort in terms of infrastructure but we are committed to ensuring that financial markets are always accessible to the widest possible audience. That's why we're making conscious decisions both in terms of the instruments we are adding and also in being innovative with the tools we deploy.
"The popular response to our unleveraged CFDs when it comes to breaking down barriers to entry is just one example here and I am confident that more initiatives like this will help bolster our reputation as being true market leaders."
Scope Markets has also added nine CFDs on equity index futures covering popular exchanges worldwide, and 250 individual equity CFDs are now available for all retail clients to trade, including those using the recently launched unleveraged account. These instruments can be traded on a fractional basis, ensuring accessibility to a wide audience. Additionally, a small number of iShares ETFs have been added to the product range.
The Scope Markets group is a diversified financial services group providing online trading facilities and institutional brokerage solutions to customers across the globe. Offering access to multiple asset classes and instrument types across both mobile and desktop platforms, Scope is a trusted partner delivering customer-centric solutions from a single venue. We are regulated in six different jurisdictions and support customers worldwide.
