Brazilian stocks are very popular with margin traders around the world. Especially since Brazil is a huge and prosperous economy, but the country’s political situation makes the markets very volatile. We tell you about SimpleFX!
New Brazilian stocks available on SimpleFX
B3 S.A. is the company that runs Brazil Bolsa Balcão, the country’s largest stock exchange located in São Paulo. The market was founded in 1890 and is the second oldest in the country. But, the most interesting data is that, B3 shares have risen more than 110% since March.
Likewise, Magazine Luiza, or Magalu, is one of the leading retailers in Brazil. Other competitors are: GPA, Viavarejo and Lojas Americanas. Additionally, the company is owned by Brazilian billionaire Luiza Trajano and her family.
In fact, the share price of Magazine Luiza rose 346% from this year’s low of R $ 5.5 in March to R $ 28.31 in November. It is currently trading around R $ 24.
What does this platform offer?
SimpleFX offers Brazilian, Turkish, Japanese, European, US stocks and more.
Its operators have recently made huge profits by trading Airbnb shares. The sharing economy platform went public a few days ago and has already managed to reach $ 164.82 on the day of the IPO, and fall to $ 125.05 a few days later.
Additionally, you can trade all three assets with up to 1:50 leverage on SimpleFX. There are no minimum deposits and the minimum required margin is less than $ 1. That is why many day traders choose SimpleFX.
You can also run your account in any currency, including the top 10 cryptocurrencies.
And not to mention that they have two contests currently available. Hence, you can earn $ 100 just for posting your business idea on SimpleFX app. To do this, you will need to go to app.simplefx.com, log into the app, post a business idea, and share it on social media using the hashtag #SimpleFXTradingIdeas.
Not to mention, every month SimpleFX gives away $ 50 prizes in the Treasure Hunt contest. Simply put, this contest is all about searching SimpleFX emails, blog posts, notifications, and social media posts for clues to get the reward.
More about the platform
SimpleFX is a leading trading application with cryptocurrency accounts. You can trade the global markets anywhere with your laptop or smartphone. In fact, SimpleFX will launch a completely new mobile app soon.