In response to the growing popularity of equity CFDs, FXCM has introduced a selection of new stock products. The broker’s latest instruments come with zero commission alongside no fees for market data. Read on for more details.
Australian Stock CFDs
Whilst FXCM’s new products will appeal to Australian traders, in particular, global investors can also diversify portfolios by taking positions on the publicly listed companies. The stocks span multiple industries, including finance, technology and manufacturing.
The broker is also offering factional trading on its latest equity CFDs. Traders can take positions from 1/10 of each share. This is great news for beginners and those with a limited bankroll.
FXCM’s new instruments are available on the company’s desktop and mobile trading platforms with no additional sign-up requirements.
The company’s CEO, Brendan Callan, commented: “The addition of Australian stocks along with our existing AUS200 index will not only benefit our Australian customers, but it will also create more opportunities for our entire global client base.” Callan added: “Fractional shares remove a barrier for those who want to invest smaller sums, including underserved individuals who would like to experience trading.”
Copy Trading At FXCM
The news follows a number of recent upgrades to the broker’s offering, including partnering with a leading social and copy trading provider – ZuluTrade. Clients can interact with, and learn from experienced traders, mirroring positions in real-time in their own accounts. The copy trading service is available to all live account holders.
FXCM was launched in 1999 and is owned by the American-based, Jefferies Financial Group. The company is regulated in multiple jurisdictions, holding licenses with the Cyprus Securities and Exchange Commission (CySEC), the UK Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC).
FXCM offers a proprietary trading platform alongside the MetaTrader 4 terminal. Both can be launched from the broker’s website and offer a suite of technical analysis tools. Interactive charting and a selection of risk management features are also available.
FXCM is a multi-asset trading broker that’s popular with beginner traders and experienced investors. Check out our detailed broker review using the link below or click ‘Visit’ to start trading today.