Online brokerage firm FXCM Group has announced the addition of Australian shares to its fast-growing, commission-free Single Share CFD offering.
Starting from trade sizes as small as 1/10th of a share, FXCM clients can now speculate on the growth or decline of Australian listed firms without incurring the hefty commission and data subscription fees charged by the majority of trading providers.
The announcement follows FXCM Australia Pty Limited’s recently launched, ‘Save Money, Sleep Better’ campaign, offering zero rollover fees to Australian customers trading Stock Indices, Gold and Silver. Over the past year, the firm has focused on expanding its product offering and boosting client service as part of a brand refresh. This new announcement further demonstrates the company’s commitment to delivering a best-in-class service to its clients.
Brendan Callan, CEO of FXCM said:
“The addition of Australian stocks along with our existing AUS200 index will not only benefit our Australian customers, but it will also create more opportunities for our entire global client base. Fractional shares remove a barrier for those who want to invest smaller sums, including underserved individuals who would like to experience trading. This new product complements our Hong Kong, UK, European and US offerings, as we close in on having stock trading available almost 24 hours a day.”
FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, and related services. Founded in 1999, the company’s mission is to provide global traders with access to the world’s largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime.
FXCM is a Leucadia Company, and is ultimately controlled by Jefferies Financial Group Inc (NYSE:JEF).