UK broker FXCM has recently announced the expansion of its product offering to include Australian share CFDs on its platform without charging any commission or fees.
Forex and CFD broker FXCM has expanded its collection of new trading instruments with the release of Australian share CFDs on its platform. Founded in 1999, FXCM is owned by the American financial services company Jefferies Financial Group. The UK-based broker has secured several licenses from regulators around the world, such as the Cyprus Securities and Exchange Commission (CySEC) to continue its operations in the European market.
No Commission or Fees on New Assets
The addition of shares was influenced by client demand due to the expansion of FXCM which has entered the Australian market. In addition, the broker will facilitate fractional trading with this CFD instrument, which means traders can take positions with a size of at least 1/10 of each share. Another good news is that FXCM will not charge any commissions or market data fees for trading with this instrument.
FXCM CEO, Brendan Callan, said the addition of Australian shares along with the AUS200 index would not only benefit Australian customers but also create more opportunities for our entire global client base.
Fractional stocks remove the barrier for those wishing to invest smaller amounts, including underserved individuals. As such, this new product complements FXCM's offerings in Hong Kong, UK, Europe, and the US, as it has stock access available almost 24 hours a day.