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ActivTrades Now Offers Trading with USD/CNH Pair

ActivTrades, the UK provider of trading in Forex, CFDs and spread betting, has added the USD/CNH pair to its lineup of currency pairs. Now clients of the broker can test their trading skills with one of the major global currencies – the Chinese Yuan. 

 
The USD/CNH pair will be available for trading on the Metatrader 4 and Metatrader 5 platforms, which are both supported by the broker. To open an account for these platforms you need at least EUR 250 (USD 338), and then you can trade with micro lots (0.01 of the standard lot) and tap leverage of as much as 1:400. 
 
Spreads on both platforms are variable, being lower for the MT5 platform. The spread on the USD/CNH pair is 31 pips for Classic accounts (those for Metatrader 4) and at 26 pips for Advantage accounts (those for Metatrader 5). The spread level would be good if that's the typical spread and not the minimal: as you perhaps know, variable spreads tend to widen during certain market circumstances, like major news releases. In case that's the typical spread, then it's rather attractive as even spreads on this currency pair at SAXO Bank, which offers some of the tightest spreads, varies from 25 pips to 36 pips.
 
ActivTrades now joins a small group of Forex brokers that support trading with the Chinese currency, including Forex.com, OANDA, easy-forex, and FXDD. This tiny group, however, appears to be growing lately, with the most recent broker to start offering the USD/CNH pair being Mayzus.
 
The brokers are obviously aiming to suit a wider variety of traders – even those with appetite for exotic currencies. ActivTrades' list of exotic currency pairs also features instruments like the USD/ZAR and USD/TRY. The latter is in particular demand lately due to the volatility of the Turkish Lira. 
 
 

About ActivTrades

 
ActivTrades is a UK-based broker providing trading services in Forex, CFDs and Spread Betting. Located in the City of London, the company is authorised and regulated by the Financial Conduct Authority (FCA) and registered with its fellow national constituents across the European Union. ActivTrades is also affiliated with the Financial Services Compensation Scheme (FSCS) which gives protection to clients investing with its member firms. The broker supports the MetaTrader 4 and MetaTrader 5 platforms, offers spreads from 0.8 pips in EURUSD and maximum leverage of 1:400.
TAGS: activtrades  activtrades forex broker  fca broker  uk forex broker  yuan  yuan trading  usdcnh  currency pairs  exotic currency pairs  variable spreads  mt4  mt5 

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