Margin foreign Exchange broker FXCM has launched commission-free single-stock CFD trading (share CFDs), enabling retail clients to trade CFDs on individual company shares like Tesla, Apple, Facebook, and others. It will be gradually rolling out the new single stock CFDs to its entire client base over the coming weeks, the firm announced today.
The expansion into share CFDs will initially focus on stocks listed in the United States, according to FXCM.
The company aims to expand the number of individual stocks tradeable via CFDs to more than 100, covering at least five countries, all before the end of the year.
FXCM says that it will provide share CFD trading on MetaTrader 4, the Trading Station platform, and on mobile devices, resulting in seamless connectivity for existing customers and reducing the need to switch between providers.
Launching in South Africa and Australia, Europe to follow
The product will initially be launched to South African and Australian customers with European customers following closely behind, the company notes.
“Share CFDs have been one of the most highly requested products from our customers and we are excited to formally announce our launch,” says Brendan Callan, CEO at FXCM.
“Over the next few months, we will concentrate on expanding the number of tradeable instruments so that no matter what is moving in the markets, clients are able to make the most of their FXCM account,” he adds.
Founded in 1999, FXCM is a New York-headquartered international provider of online foreign exchange trading, CFD trading, Cryptocurrencies and related services.
