European headquartered RoboMarkets has launched a fractional stock trading service. The new feature is available on the broker’s proprietary trading platform. The online brokerage has also introduced 500 new assets and customer support in eight languages.
Demand For Fractional Shares
Fractional shares allow beginners and those with less capital to buy a portion of a share. Clients can speculate on big names, including Amazon and can take positions in multiple industries, from technology to manufacturing and renewable energy.
Demand for fractional shares is on the rise, with retail traders keen to diversify their portfolios and make their money go further.
RoboMarkets is the latest to introduce fractional share trading, following the likes of FXCM. However, unlike some competitors, commission-free trading is not available on the broker’s latest suite of products. Head to the RoboMarkets website for the fee schedule.
RoboMarkets Product Manager, Kiryl Kirychenka, commented on the change: “This is the feature many of our clients wanted us to add to the platform. clients now have more opportunities for investments and diversification that were not available before. The ability to invest in precise ratios gives you complete portfolio control and enhanced rebalancing options.”
The latest upgrade means active clients can access over 12,000 instruments, spanning 3,000 equities, indices, CFDs and ETFs. Investors can speculate on the range of assets using the renowned MetaTrader 4 and MetaTrader 5 platforms, alongside the R Trader solution.
Established in 2012, RoboMarkets is regulated by the CySEC and offers leverage up to 1:30 in line with licensing requirements. Floating spreads from 0.0 pips are available on major currency pairs with swap rates applied to positions held open overnight.
Clients can choose from an extensive list of popular deposit and withdrawal options, including Visa, MasterCard, Skrill, PayPal and Neteller. Live accounts can be opened with a $100 minimum deposit.
It is worth pointing out that there are some complaints online concerning the broker’s customer support service. This is a real downside, especially for beginners, who may feel more comfortable signing up with a provider that offers fast and reliable assistance.
Sign-up using the link below or head to our review for more details.