Leading online Swiss bank Swissquote Group Holding SA (SWX:SQN) announced that it has just launched Vanilla FX Options on its Advanced Trader platform. The Forex Options are European-style call and put options, which enable an even more precise and individual trading strategy.
The new Forex Options are suitable for traders who want to diversify and hedge their trading risk in currencies, or for those who apply multi-legged strategies to benefit from as many market trends as possible (Bull, Bear & Range).
The new options are available for 45 currency pairs. Some highlights below:
- Strike price: the strike price is determined to the fourth decimal place.
- Tailored term: The date of expiry can be set to a single day up to one year. In contrast to many conventional providers, which usually offer only weekly, monthly or annual expiration dates to choose from.
The Advanced Trader Platform offers over 80 currency pairs, including major, minor and exotic currencies. The platform provides access to high liquidity pools and comprehensive market analysis. Swissquote offers competitive spreads, low margin rates and flexible transaction sizes.
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