SimpleFX has added new Brazilian stocks to the platform, as its economy has been performing well.
Brazilian stocks are very popular with margin traders around the world. Especially since Brazil is a huge and prosperous economy, but the country’s political situation makes the markets very volatile. We tell you about SimpleFX!
New Brazilian Stocks Available on SimpleFX
B3 S.A. is the company that runs Brazil Bolsa Balcão, the country’s largest stock exchange located in São Paulo. The market was founded in 1890 and is the second oldest in the country. But, the most interesting fact is that, B3 shares have risen more than 110% since March.
Also, Magazine Luiza, or Magalu, is one of the main retailers in Brazil. Other competitors are: GPA, Viavarejo and Lojas Americanas. In addition, the company is owned by Brazilian billionaire Luiza Trajano and his family.
In fact, the share price of Magazine Luiza rose 346% from this year’s minimum of R$ 5.5 in March to R$ 28.31 in November. It is currently trading at around R$ 24.
What does this platform offer?
SimpleFX offers Brazilian, Turkish, Japanese, European, American and other shares.
Recently, its traders have made great profits by trading Airbnb shares. The collaborative economics platform went public a few days ago and has already managed to reach $164.82 on the day of the IPO, dropping to $125.05 a few days later.
In addition, you can trade all three assets with up to 1:50 leverage on SimpleFX. There are no minimum deposits and the minimum margin requirement is less than $1.
You can also execute your account in any currency including the top 10 cryptosystems.
Not to mention that they have two contests currently available. Therefore, you can win $100 just for posting your trading idea on the SimpleFX application. To do so, you will need to go to app.simplefx.com, login to the application, publish a trading idea and share it on social networks using the #SimpleFXTradingIdeas hashtag.
Not to mention, every month SimpleFX gives away $50 prizes in the Treasure Hunt contest. Simply put, this contest consists of searching for clues in SimpleFX emails, blog posts, notifications and social network postings, to get the reward.
More about the platform
SimpleFX is a leading commercial application with crypto-currency accounts. You can trade the global markets anywhere with your laptop or smartphone. In fact, SimpleFX will be launching a brand new mobile application soon.