Luxembourg-based Westcore Capital Ltd has become the latest broker to enter the increasingly competitive CFD market, offering its investment clients the opportunity to trade contracts for difference through its current brokerage platform.
Specialising in brokering derivative trades across futures and options, Westcote Capital also offer clients managed fund opportunities, allowing private investors to take advantage of the high-level service expertise within the firm. The move into the CFD market will help both diversify the available options for managed funds, while providing self-managed account holders with an alternative investment instrument to capitalize on the growing trend of CFD transactions.
Founded in 2001, Westcore Capital remains a little known but well regarded European broker, despite the competitive commissions of as little as 0.8% offered on CFD trades. While not regulated by the Financial Services Authority, Westcore remains a credible institution, regulated by the relevant authorities in Luxembourg to provide both trading consultancy, investment portfolio management and online brokerage services.
The move follows countless other high profile strides into the CFD market, including Richard Farleigh’s H20 Capital, following the growing popularity of the instrument as a credible investment tool across the financial services industry.