RoboMarkets Launches CFDs on Gold & Oil Amid COVID-19 Demand

European broker RoboMarkets announced this Thursday that it has expanded the list of available assets on its R Trader platform to include contracts for differences (CFDs) on metals and oil.

In particular, the broker has added CFDs on XAUUSD, XAGUSD, BRENT.oil and WTI.oil. For all of the instruments, the broker offers spreads from $0.1. For the CFDs on metals, the firm charges a commission of $15 per $1 million trading volume, for CFDs on oil, the commission is $35 for $1 million trading volume.

Whilst the broker has not provided the motivation behind its decision, it is worth pointing out that the launch of the new instruments comes at a time where demand for gold and oil is high driven by the coronavirus pandemic.

In particular, demand has surged for gold, as it is considered a safe haven asset, and demand often surges during times of uncertainty. Oil has also become increasingly attractive due to the current price war between Saudi Arabia and Russia.

This offering is available through the broker’s R Trader platform, a multi-asset trading platform that became available in a mobile version towards the end of last year. Via the platform, users can trade foreign exchange (forex), CFDs, exchange-traded funds (ETFs), cryptocurrencies, indices and more than 12,000 stocks. Traders need a minimum deposit of $100.

RoboMarkets continues to expand R Trader offering

As FortuneZ reported, RoboMarkets has been actively expanding its offering on the R Trader platform, with the broker launching commission free trading on more than 3,000 stocks of the largest American companies, such as Amazon, Facebook, Netflix, Google, and more.

Prior to this, the company added more than 500 CFDs on European stocks to its R Trader platform. The CFDs added at the time included stocks from 11 European countries that hadn’t been available on the platform previously. In particular, these countries were Belgium, Denmark, Ireland, Spain, Italy, the Netherlands, Norway, Portugal, Finland, France, and Sweden.

(Photo: pixabay)

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