FxPro, the leading Forex broker operating from Cyprus and the UK, is boosting the lineup of currency pairs available on the cTrader platform with two crosses of the Russian ruble. The USD/RUB (US Dollar vs Russian Ruble) and EUR/RUB (Euro vs Russian Ruble) pairs will be available on cTrader starting Monday (April 7, 2014), so all owners of demo and live accounts can test their trading skills with these instruments marked by high volatility lately.
In an announcement to traders, FxPro says that: “Since the beginning of the year, the ruble has depreciated against both the US dollar and the Euro by 6.90% and 7.60% respectively. Last month, Ruble hit a multi-year low with USDRUB and EURRUB peaking at 36.713 and 51.113, before settling back to 35.126 and 48.424 respectively.” The company then continues to say that it expects the volatility of the new crosses to continue to the degree that the situation in Ukraine remains tense. The geopolitical and social tensions in Ukraine have indeed spurred traders' interest in pairs with the RUB, with other FX brokers like Australian IC Markets
also introducing Ruble crosses to meet traders' demand.
By the way, FxPro is already offering RUB crosses on the Metatrader 4
platform but it has now decided to extend them to fans of the more open cTrader platform.
We should mention something about the trading conditions on cTrader now. FxPro offers ECN execution on the platform, with instant and pending orders processed. The minimum trade contract size is 10,000 units (mini lot), while the leverage changes from 1:1 to 1:500. You can use a raft of perks like detachable charts, as well as benefit from the cAlgo environment. Of course, one of the best parts about trading on cTrader with FxPro is the fact that spreads are ultra tight – the start at 0 pips for majors like the EUR/USD.
The only thing we are left to wait for is for Monday to come so that we can kick off the trading with these new instruments. Well done, FxPro!
FxPro is an award-winning Forex broker providing retail and institutional offerings to clients in 150 countries. FxPro offers trading access through a range of platforms including the innovative ECN platform – FxPro cTrader – supported by industry-leading market news and outstanding levels of customer support 24 hours a day. FxPro’s goal is to be the world’s preferred Forex broker and it has become the first choice for Forex traders needing user-friendly market access and superior trading infrastructure.
With offices in the United Kingdom, Austria, Cyprus, France, Russia and Spain, FxPro Financial Services Limited is authorized and regulated by the Cyprus Securities and Exchange Commission, under license number 078/07, and operates under the EU Markets in Financial Instruments Directive (MiFID).