Rakuten Securities Australia expands metals offering

Online trading company Rakuten Securities Australia is further expanding its lineup of trading instruments. The broker has announced the addition of a set of trading products involving metals to its offering.

The following metal products are now available to trade:

  • XAUEUR (Gold/Euro)
  • XAUGBP (Gold/Sterling)
  • XAUAUD (Gold/Australian Dollar)
  • XAUCHF (Gold/Swiss Franc)
  • XAUJPY (Gold/Yen)
  • XAGEUR (Silver/Euro)
  • XAGAUD (Silver/Australian Dollar)
  • XPDUSD (Palladium)
  • XPTUSD (Platinum)

Let’s recall that, in June 2021, the brokerage made more products available to trade for its clients. The lineup of additions includes:

  • UK Crude Oil
  • US Crude Oil
  • UK Crude Oil +$100
  • US Crude Oil +$100
  • SPA35 (Spain 35)

US Crude Oil+$100 and UK Crude Oil+$100 track the movement of WTI and Brent and offset their price, remaining as live products even in the case that it drops below 0. These products are rebased at $100. This means, should spot price fall into negative territory, for example -$5 USD, the pricing will reflect this at $95.

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