Gain Capital's Forex.com Expands Product Offering with Addition of Oil Trading
Gain Capital’s Forex.com UK division has added Brent crude oil to its ForexTrader platform, enabling clients to trade oil alongside global currencies and spot metals.
“Economic fundamentals have become a significant driver of oil prices. This factor and the inverse relationship between oil and the US dollar means trading oil is a fairly natural extension and an interesting alternative to currency trading,” said Jane Foley, director of research for Forex.com.
“In addition, many currency traders already closely follow the price of oil, and commodities are increasingly popular with retail traders as they look for opportunities to generate positive returns outside traditional equity markets,” adds Matthew Wright, regional director for Forex.com in Europe.