FXCM Launches Zero Commission Fractional Shares

FXCM Group announced this Tuesday that it has expanded its offering by launching zero commission fractional shares, reducing the minimum trade size of single stock contracts for differences (CFDs) to one-tenth per share increments.

All of the single stock CFDs offered by the online foreign exchange (forex) trading provider are now available at one-tenth per share (0.1) increments, allowing clients to hold positions on large companies, such as Apple, Facebook, or Netflix for less than $5 in margin.

The new offering from the firm will be available via MetaTrader 4, as well as the Trading Station platform, and on mobile devices. According to the company, the ability to invest in fractional shares providers greater control of position sizes.

FXCM is the latest trading provider to offer fractional shares. The new initiative has been offered by firms as part of a developing trend to attract new investors, namely millennials, which saw a range of companies launch commission-free offerings, which has now expanded into fractional shares.

Commenting on the product launch, Brendan Callan CEO of FXCM said in the statement: “With the growing market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term our customers, understandably, want greater control and variety in terms of their trading opportunities.

“With fractional trading available, this is exactly what we are providing; a user-friendly service allowing anyone to trade companies in a way that allows them flexible trade sizes. Combined with our commission-free single stock CFD pricing structure, we have made the trading of household named shares more accessible than ever before.”

FXCM continues to expand its offering

In recent months FXCM has been actively expanding its offering. As Finance Magnates reported, the trading provider recently launched stock baskets, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term baskets and last month, new spot CFDs on oil. The two new spot oil products represent the current spot price of West Texas Intermediate (WTI) and Brent Crude.