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EXNESS Offers Metal-Currency Accounts to Forex Traders

EXNESS, the global Forex broker, is continuing to surprise us with its desire to suit the widest variety of traders with ingenious products: the company is now offering metal-currency accounts. 
 
In their essence, metal-currency accounts are investment products that enable traders to earn from diversifying their investment in a trading account. By the way, one of the best parts about this innovation is that there is no minimum requirement for an initial deposit to open such an account. And that does not surprise us given that EXNESS has constantly improved its trading conditions – the latest such move became reality in January 2014, when the broker cut its deposit demands and rose leverage. 
 
Let's get back to the essence of the accounts: they are investment portfolios, combinations of different currencies and precious metals. Let's look at the four possibilities that EXNESS currently offers:
 
MBA: bi-currency basket: USD + EUR
 
MBC: multi-currency basket: USD + EUR + GBP + JPY 
 
MBB: combined metals basket: Gold + Silver + Palladium + Platinum 
 
MBD: metal-currency account: the accounts we are talking about in their most complicated version: 
Gold + Silver + Palladium + Platinum + USD + EUR + GBP + JPY 
 
The deal is relatively straightforward – you put money into your account and then the deposit is converted into MBD, MBA (etc.) units, according to the portfolio you've picked. Your investment will be distributed across various trading instruments. Imagine that you've put money into an MBD account – after some time, the price of the MBD units rises and you can benefit from the difference earned. 
 
An important note is that the participation of each trading instrument in each portfolio is different, so take a look at this page to get an idea of how your money will be allocated across various investment streams. The returns will vary across portfolios – they are highest for the MBB (the metals basket), with their annual rate estimated to reach 30%. 
 
The main reason for opening a metal-currency account is protecting one's investments thanks to the diversified portfolio. These accounts are especially profitable in times of economic uncertainty when investors flock to buy Gold. Mots likely conservative traders who expects gains in the longer term would be happy to have such an account, as gains accumulate gradually and stably. 
 
Other brokers have also sought to offer new products that would fit the increased demand from traders for precious metals. For instance, FXCM Bullion, the Hong Kong-based subsidiary of the US FX broker, is enabling its clients to earn interest of 5% on non-invested funds in accounts for trading Gold and Silver over the counter. 
 
 
 

About EXNESS

 
EXNESS Limited is a Forex broker, listed on New Zealand's Financial Service Provider Register as a financial services provider (No. FSP181164) and is also a member of the Financial Dispute Resolution Service. The company offers services to MetaTrader 4 (MT4) traders. EXNESS prides itself on offering profitability, reliability and convenience to its clients.  Some of the perks of using EXNESS include minimum floating, leverage of up to 1:2000, minimal non-trading risks, flexible deposit and withdrawal options and competent customer support. 
TAGS: exness  exness forex broker  forex accounts  forex trading  metal-currency accounts  precious metals  gold  silver  platinum  palladium  forex investments  new products 

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