OctaFX adds USDMXN, EURMXN, and GBPMXN pairs
Last September was the month of the Mexican Peso for OctaFX.
An online Forex and CFD broker with MT4, MT5 and cTrader trading platforms, OctaFX has added the following 3 trading pairs of Mexican Peso (MXN).
3 of the above trading pairs of Mexican Peso are already available on OctaFX’s trading platforms.
If you haven’t opened an account with OctaFX yet, go to OctaFX’s Official Website and check out the charts of Mexican Peso pairs today.
What is Mexican Peso?
The peso (abbreviated as “MXN”) is the national currency of Mexico.
The peso is considered an exotic currency by some given its popularity and Mexico’s position as a top 15 oil-producing nation.
As a result, the peso has evolved from an undervalued developing-global currency into an international financial instrument.
USDMXN is the most widely traded pair involving the peso, with U.S. economic news as a catalyst, offering low to moderate volatility.
However, the most crucial factor in day-trading strategies is the high liquidity of the peso.
GBPMXN and EURMXN pairs are not traded as often as USDMXN, and they follow British pound and euro economic news.
What you can trade on OctaFX MT4 and MT5?
The 3 MXN trading pairs are only a ew additions to the long list of Forex currency pairs available on OctaFX MT4 and MT5.
By opening an account with OctaFX, you can trade the following Forex currency pairs with up to 1:500 leverage.
Every single Currency pair has its unique price movement and trend.
Have you check them out already? Go to OctaFX’s Official Website and check out which currency pair is the best to trade for your style.
Financial Markets you can trade on OctaFX
As an online Forex and CFD broker, OctaFX offers not only Forex pairs but also CFDs for trading.
So which financial markets you can access and trade by opening an account with OctaFX?
Here are the market categories available on OctaFX MT4 and MT5.
- Currency pairs
- Up to 32 most volatile pairs with 1:500 maximum leverage.
- Index CFDs
- Up to 10 most popular indices with 1:50 maximum leverage.
- Gold and silver with 1:200 maximum leverage. Natural Gas, Brent crude oil, and West Texas Intermediate crude oil with 1:50 maximum leverage.
- 5 most popular cryptocurrencies with 1:25 maximum leverage.