HYCM, the international forex broker, has recently launched 20 different exchange-traded funds (ETFs) based on the MetaTrader 5 (MT5) platform. These included 3 leading exchange-traded funds, namely: SPDR S&P 500, iShares Russell 2000 Index and VelocityShares 3x Inverse Crude Oil ETN.
Chief currency analyst Giles Coglan said exchange-traded funds will provide investors with the opportunity to diversify their portfolios. As investors own stocks and securities, ETFs will also be a great asset to invest in the financial market.
Coglan said traders can use ETFs to invest in the financial sector as a whole, rather than in individual stocks. This approach is gaining more and more popularity every year since the release of exchange-traded funds in 1993.
High volatility in the news cycle, reflecting tensions in the global economy, encourages traders to turn to less volatile assets. Shares are currently less reliable than exchange-traded funds.
ETFs also involve lower operating costs and commissions than with individual stocks.
Traders have the opportunity to choose among existing stock funds related to several industries at once, with more innovative and faster responses to trends.
HYCM is a global brand of Henyep Capital Markets, operating both in the UK and in the European Union. The company operates under two names – Henyep Capital Markets Ltd and HYCM Ltd.
All enterprises are managed by Henyep Capital Markets Group, a global corporation founded in 1977. As of today, the group operates in Asia, Europe and the Middle East.
The broker offers fast execution, low spreads and various types of trading accounts suitable for different trading styles. The company provides its services in more than 140 countries around the world, and has 5 offices in the largest financial centers of the world.
HYCM is regulated by the UK Financial Regulatory Authority and the Cyprus Securities and Exchange Commission. The Dubai Financial Services Authority and the Cayman Islands Monetary Authority regulate the company in the Middle East.