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Traders with the internationally acclaimed multi-asset broker HotForex can expand their portfolio by trading CFDs on more than 900 DMA stocks – meaning they can place their trades directly into the order books of major stock exchanges.  

 Commission-free trading appears to be the trend that isn’t going away, and Axi (formerly AxiTrader) is the latest company to join the race to the bottom. To stay competitive, the multi-regulated broker is slashing its brokerage fees on stock CFDs to zero.

The Australian Securities and Investments Commission (ASIC) has recently imposed new leverage limits for retail clients, but FXOpen’s Pro Account is exempt from the new rules.

“The Retail FX/CFD industry got burned offering CFD’s on #Crypto in late 2017. Then shied away from Crypto. Now the crypto exchanges are offering synthetic equities and indexes. Retail #CFD brokers can not compete”, said Mr.Leahy, who once was a leader within the FX/CFD trading industry, including top roles at oneZero Financial Systems and FX Primus.

“Deliverable crypto is a different matter. When crypto exchanges start being regulated and offering reliable connectivity, brokers still have to make sure that their aggregation software is able to handle cryptos and their infrastructure can ensure timely delivery. Moreover, counterparty risk remains much higher than with a regular forex LP”, said Ms. Zakharova.

“There is still an option to classify certain clients as professional or sophisticated investors and continue offering them 1:500 leverage. The clients will have to demonstrate their understanding of financial markets, prior trading experience, and/or income/net worth”, said Natalia Zakharova, Head of Business Development at FXOpen.

Live today from the Devexperts webinar “How FX/CFD Brokers Engage Traders with the Best Mobile User Experience”. Branding, app customization, third-party integration, ranking in the app store are only a few of a never-ending list of issues a broker must take care of to make sure its mobile trading offering doesn’t backfire. This calls for serious planning.