Gazprom, Lukoil, Rosneft and Sberbank are some of the leading Russian stocks and represent UFXMarkets’ first steps into this expansive market.
London (PRWEB UK) 22 July 2013
Starting this month, UFXMarkets traders will be able to trade selected stocks on the Russian market. Gazprom, Lukoil, Rosneft and Sberbank are some of the leading Russian stocks and represent UFXMarkets’ first steps into this expansive market.
The Russian stock market has grown exponentially in the last decade, but not all brokers are licensed to trade on it. Therefore, this represents a unique opportunity for Traders, especially considering Russia’s extensive oil reserves.
With the exception of Sberbank, these companies are part of Russia’s energy sector. Gazprom is the world’s largest extractor of natural gas, Rosneft is Russia’s leading refiner and Lukoil is among the world’s top oil producers. Sberbank is the largest bank in Russia and the third largest bank in Europe.
Trading hours for these Russian stocks are 6:15 a.m. to 2:44 p.m. GMT. UFXMarkets spreads for Gazprom, Rosneft and Sberbank range from 30 to 60 pips, and on Lukoil range from 400 to 700 pips, depending on the type of UFXMarkets account.
About UFX Markets
Since its establishment in 2007, UFXMarkets has become one of the world’s leading online Forex brokers and investment networks, specializing in trading commodities, currencies, CFDs and indices. A Cyprus Investment Firm licensed and regulated by CySEC and a member of the European Union Securities and Exchange Commission, UFXMarkets guides traders with a wealth of financial resources and a professional team of financial experts with a combined 50 years of Forex experience.