CySEC-regulated broker, Skilling, has made fractional stock trading available to clients. The popular feature means users can diversify portfolios by spreading capital over a wider range of shares. Find out how to get started.
Skilling Fractional Stocks
The new CFD product allows beginners and those with less capital to access a greater range of stocks. As the name suggests, users can trade a portion of a single share, requiring a smaller cash outlay. 120 of the broker’s 700 stocks will be available as fractional shares tradable from one-tenth per share.
Budget traders can now utilise strategies on a wider range of blue-chip companies. Clients will be able to scale in and out of positions, helping them to capitalise on opportunities and manage risk. With its latest move, Skilling has successfully answered calls to lower the barriers to entry for aspiring stock traders.
Skilling CEO, Michael Kamerman, had this to say of the latest addition “Fractional shares have huge potential and we anticipate that traders will be seeking out platforms that are primed to grasp this opportunity in the coming months. This latest product offering expansion marks the next phase of Skilling’s growth in our response to this high-in-demand asset class. By providing greater access to fractional shares alongside an extension of our zero rollover fees in March, we are accelerating our platform’s roadmap to better cater for the traders of today.”
Founded in 2016, Skilling is an emerging forex and CFD broker offering an impressive range of tradable assets. Users can speculate on 70+ currencies, leading cryptos including Bitcoin, 15 major indices, commodities like gold and silver, plus hundreds of equities.
Fees are competitive with 0.7 pips available on major assets with the Standard account while those depositing $5,000+ get spreads from 0.1 pips. Skilling offers its own bespoke mobile platform with multiple chart styles, 70 indicators and withdrawal history.
Leverage up to 1:30 is available, in line with EU regulations while clients can deposit funds via a range of fee-free methods, including debit and credit cards, bank wire transfer, plus Skrill and Neteller.
The popular online broker already has a lot to offer new clients and the addition of fractional shares is likely to further its appeal among beginners and those on a budget.