RoboMarkets has jumped on board the zero commissions bandwagon, with the European broker announcing this Friday that it has launched a new offering where its clients can trade stocks of American companies without fees.
This offering is available through the broker’s R Trader platform, a multi-asset trading platform that became available in a mobile version towards the end of last year. In particular, the company has launched more than 3,000 stocks of the largest American companies, such as Amazon, Facebook, Netflix, Google, and more.
RoboMarkets is the latest player to the commission-free space, which was initially dominated by stock trading app Robinhood. However, as brokers try to reach millennials, more and more larger players have been entering the space, such as E*TRADE, Interactive Brokers, Charles Schwab, and TD Ameritrade.
Since then, trading providers such as Robinhood and Fidelity have been looking for even more ways to expand on this growing trend by offering to trade in fractional shares and exchange-traded funds (ETFs).
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The conditions of the commission-free trading include no limitations on the maximum number of orders, 1:1 leverage, and no financing fees, the statement from the European firm said today.
RoboMarkets launches CFDs on European stocks
Today’s announcement comes just weeks after the company announced that it was launching more than 500 contracts for differences (CFDs) on European stocks to its R Trader platform.
As Finance Magnates reported, the new CFDs include stocks from 11 European countries that hadn’t been available on the platform previously. In particular, these countries are Belgium, Denmark, Ireland, Spain, Italy, the Netherlands, Norway, Portugal, Finland, France, and Sweden.
Furthermore, the broker added stocks from countries that were already on the platform, such as Austria, Germany, and the United Kingdom. In addition to adding the new stocks, the company also launched a new function to the platform earlier in the month – tick charts.