CFDs and FX broker, Skilling has updated its trading offering to provide its clients with the opportunity to trade fractions of stocks.
The CySEC-regulated broker is rolling out a fractional trading feature as a way to lower the bar for young investors. The feature allows small-bucks traders to diversify their portfolios by spreading their relatively small capital over a broader range of stocks.
The move, geared toward attracting more young clients, eliminates the barriers that many investors face as the brokerage split whole shares intentionally, so they can sell fractional shares to clients.
“With over 700 stocks on its platform and nearly 120 of them tradeable from one-tenth per share, Skilling is strengthening its offer for active traders. Traders on any budget can now trade strategies on a wide range of global companies where they have previously been priced out,” the company said.
This new product offers an affordable gateway to invest in blue-chip shares and enables Skilling’s investors to build portfolios of stocks, ETFs with low costs. The fractional trading feature eliminates the barriers that many investors face when trying to invest in a diversified portfolio of high-value securities.
The trend picked up as retail brokers look beyond the no-fee trading war, which set off a new rush among other firms to do the same amid increased competition in the industry to attract the next generation of investors.
Michael Kamerman, Skilling CEO, noted: “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. 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.”
Kamerman joined the brokerage as its new Chief Executive Officer back in October 2020. He replaced Skilling Co-Founder, André Lavold for the apex position and has already taken on the charges.
Licensed in Cyprus by CySEC and backed by the Scandinavian shareholders of Optimizer Invest, Skilling officially launched its offering in Germany, Norway, Sweden and the UK, but now its services are available in the rest of the EU.
