Photo: Finance Magnates

HotForex, the brand name of HF Markets Group, announced this Thursday that it has expanded its offering on the MetaTrader 5 platform by launching Contracts for Differences (CFDs) on direct market access (DMA) stocks and exchange-traded funds.

The new offering from the multi-asset broker providers traders with direct market live pricing when trading the newly-launched CFDs. According to the statement from the company, a CFD on a DMA stock allows the broker to give its clients the ability to view and trade with the live order books of global stocks regulated exchanges.

Commenting on the expansion, the Chief Executive Officer (CEO) of HotForex, George Koumantaris, said in the statement: “Every new product we offer is driven by our constant efforts to secure a better trading experience for our clients.

“With this addition to our list of 1000+ instruments we provide our clients with the opportunity to expand their trading activities and ensure they can access innovative and low cost investment products at all times.”

HotForex reaches 10 years of operations

The announcement from the multi-asset broker comes in the same year that the company celebrates ten years of operations. HotForex is a multi-regulated broker, having entities across the world such as Saint Vincent and the Grenadines, Seychelles, Cyprus and more.

Earlier this year, the firm entered into the electronic sports (eSports) space. As Finance Magnates reported in February of 2020, with eSports becoming increasingly common, the FX broker has teamed up with Santos e-Sports.

Santos e-Sports is a large electronic sports clubs and the official esports division of Santos FC, one of the biggest football clubs in the world, according to the statement released at the time.

As we highlighted in our coverage, the partnership between HotForex and Santos e-Sports will last for one year. Under the agreement, the team has become Santos HotForex e-Sport.

HotForex Expands Offering, Launches CFDs on DMA Stocks and ETFs