Leading Swiss online brokerage Swissquote (a member of LeapRate’s Approved List of Forex firms) has added Stock Index trading to its eForex trading platform. Swissquote clients are now able to trade the SMI, DAX and EURO STOXX 50 indices with leverage up to 25 times. This follows Swissquote adding WTI Crude trading back in May.
As we have written lately, Switzerland’s three FX firms have been especially hard hit by the recent global slowdown in FX trading volumes, due to the ultra-low volatility of the CHF versus both the EUR and USD the past few months. As such, they have been actively expanding lately, both geographically as well as by adding new products, such as this recent addition by Swissquote.
For more on the global FX market see the LeapRate-Dow Jones Forex Industry Report.