Multi-regulated broker, FXOpen, has introduced commission-free trading on its suite of index CFDs. This follows a recent partnership with TradingView, which will provide traders with access to the well-known charting and networking platform. Read on for the details.
No-Commission Index Trading
Commission-free trading is available on positions placed on index CFDs through FXOpen’s ECN account. This brings the broker in line with other major players in the online trading industry, including Plus500.
FXOpen offers a selection of popular indices, spanning America, Europe, Asia and Australia. The minimum trade size on index CFDs is 0.01 lots and leverage up to 1:20 is available, though traders outside of the EU can access higher rates. Spreads of sub 1 pip are also offered depending on market conditions.
Available index CFDs include:
- FTSE 100
- US Tech 100 (Mini)
- Wall Street 30 (Mini)
- Europe 50
- France 40
- Australia 200
- Hong Kong 50
- Japan 225
- US SPX 500 (Mini)
- Germany 40 (Mini)
Chief Operating Officer of FXOpen UK, Gary Thompson, commented on the move: “FXOpen’s ongoing commitment to ensure trading is as affordable as possible, continues into the new year of 2023. We understand how important commission free trading is for our clients, so we are delighted to announce that all clients can now trade commission free on index CFDs, regardless of volume. This, coupled with our ongoing enhancements to the ECN liquidity, allows FXOpen to continue to offer our clients the best possible trading experience.”
FXOpen is a popular trading firm that started as an education platform in 2005. The brand is now an established brokerage with more than one million clients worldwide.
The company is regulated through its various entities, holding licenses with the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities & Investments Commission (ASIC).
Account holders can choose between four platforms: TickTrader, TradingView, MetaTrader 4 and MetaTrader 5. The result is a range of trading tools that serve both beginners and experienced traders.
New traders can get started with bank cards, wire transfers, or popular e-wallets like Skrill and Trustly. Most deposits are processed instantly and the minimum deposit requirement is $1, depending on your location.
Sign up with FXOpen today to trade global index CFDs commission-free.