FP Markets Expands its Forex Offerings in Asia, Africa and Latin America
The FP Markets’ MetaTrader 4 and MetaTrader 5 trading platforms now offer new exotic currency pairs. Currency pairs that are not associated with the U.S. dollar are referred to as minor currencies or crosses.
2022 saw foreign currency market trading reach an all-time high of US$7.5 trillion per hour, an increase of US$6.6 trillion from three years ago. FP Markets, a global leader of Forex and CFDs, is expanding its offering of exotic currency pairs.
The new basket of FX pairs is focused on currencies from African, Latin America, and Asian jurisdictions, traded against the US dollar. These currencies can be traded now against the US Dollar:
- Kenyan shilling
- Ugandan shilling
- Chilean peso
- Colombian peso
- New Taiwan dollar
- Zambian kwacha
- Botswana pula
The addition of exotic currency pairs to the Forex space brings the total number to over 70. This is in addition to FP Markets’ wide range of financial products such as commodities, equity indices and individual equities, cryptocurrencies or bonds, and many more.
Craig Allison, Head of Europe, Middle East and Africa commented: ‘As a top-tier broker, our objective is always client satisfaction. Therefore, the additional currency pairs, which can be traded either through our MT4 or MT5 trading platforms, offer investors choice and flexibility when trading in the currency market’.
FP Markets was established in 2005 and is a regulated broker that provides clients with over 10,000 tradable instrument, consistent tight spreads and rapid execution. They also offer unmatched 24/7 customer service and a variety of account types to suit different trading styles and strategies. Clients also get aggregate pricing from several top-tier liquidity providers by using Raw pricing.
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