Bybit has announced an expansion to its trading services on the MetaTrader 5 (MT5) platform, starting from October 2, 2024.
The platform now offers indices trading, giving users access to major global indices while trading in USDT. This update opens up new opportunities for traders seeking to diversify their portfolios with indices from various global markets.
Key Features of the Update
Bybit’s latest update introduces several major indices for trading as CFDs (Contracts for Difference) using USDT. Some of the key indices available include:
- China A50 Index Cash CFD (USD)
- Dow Jones Index Cash CFD (USD)
- NAS100 Cash
- Nikkei Index Cash CFD (JPY)
- Hang Seng Index Cash CFD (HKD)
This expansion allows traders to access global markets such as China, the U.S., Japan, and Europe while utilizing advanced tools on the MT5 platform. Users will benefit from seamless execution, high leverage, and the ability to trade multiple indices in different currencies.
Trading Specifications
Each index CFD comes with its own unique specifications. For instance:
- Nikkei225: Leverage of 500x, contract size of 1, margin in JPY.
- BVSPX (Bovespa): Leverage of 20x, contract size of 1, margin in BRL.
- SP500 (S&P Index): Leverage of 500x, contract size of 1, margin in USD.
The minimum lot size for most indices is 0.1, with a maximum lot size reaching up to 20,000, depending on the index.
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Enhanced Trading Experience
Bybit aims to enhance the trading experience by offering a diverse range of indices for traders who are looking to expand into global markets. The platform’s leverage options, combined with advanced charting and analytical tools on MT5, provide a sophisticated environment for both beginners and advanced traders.
To get started, traders can simply open their MT5 accounts and begin trading these newly introduced indices with just a few clicks.