Rakuten Securities Australia Launches Five New Trading Instruments to its Offering

Fazzaco learned that Rakuten Securities Australia officially launched five new trading instruments to its offering.

According to the official press release, effective 29 June, more products are available to trade for the clients of the company. Below are the products newly added to the platform:

• 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.

In addition, the broker plans further additions to its offering. For instance, Bitcoin will be available from 5th July.

As Fazzaco reported earlier, Rakuten Securities has announced that traders can make use of tighter spreads on three currency pairs: ZAR/JPY, MXN/JPY, and CNH/JPY, effective June 7, 2021​. The broker explained that the change is in response to requests from many customers.