CySEC-regulated Forex and CFD broker FXTM (ForexTime) has just announced the launch of a new account type – Shares Account.
As the name suggests, the new account type is specifically designed for traders that trade CFDs on shares. Importantly, the broker notes, trading CFDs on shares will be possible only through these new accounts.
Existing clients trading CFDs in shares on other FXTM accounts must have in mind that all open share positions should be closed before April 5, 2016, as share symbols will be moved to close-only status from March 22, 2016, to April 5, 2016, and no new positions will be available to open.
If opened positions are not closed by April 5, 2016, then they will be closed by FXTM at the last price of the day.
FXTM clients traders have a menu of more than 180 US shares to choose from, with the company promising more additions soon. Trading CFDs on shares is possible via the MT4 platform.
You can view the full announcement from FXTM on its new account type by clicking here.