sweetens offering in Canada as zero-commission craze takes hold

abdelaziz Fathi, a trading name of GAIN Capital- Canada Limited, is set to launch its service that enables users in Canada to trade shares CFDs at $0 Commission in July 2022.

Commission-free trading appears to be the trend that isn’t going away, and Securities is the latest company to join the race to the bottom. To stay competitive, the wholly-owned subsidiary of StoneX Group is expanding into the Canadian market by offering over 2,500 new tradeable markets to local investors.

Although is trying to promote a similar concept to commission-free investing app Robinhood, which also has zero brokerage fees, but Bid/ask spread cost will still apply. Often promoted as cheaper and better than trading in futures markets, CFDs on stocks have become one of the popular investment vehicles that offer low-cost diversification and arbitrage options for retail traders. Additionally, it creates the conditions for investors to trade the underlying asset with much better control of their exposure to risk margin.

When it comes to other features, is also rolling out a fractional trading 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.

TradeZero launches ‘free’ stock trading in Canada

Glenn Stevens, CEO of the retail business of StoneX Group Inc., commented on the news, “Our mission at StoneX is to open markets, and this expansion of our offering in the Canadian market is an important part of providing comprehensive access to the retail investor. We also give retail investors the ability to trade the way they want by providing access to fractional shares of indices and commodities and reducing our commissions.”

“Providing a broader product offering with competitive pricing for our Canadian clients is a top priority for us. For 20 years, we’ve been dedicated to bringing major markets to our global clients, and the investment in our Canadian service marks the latest demonstration of this commitment,” added Sixto Alonso, Regional Director of Americas.

The new offering comes shortly after TradeZero said its Canadian subsidiary was admitted as a dealer-member of the Investment Industry Regulatory Organization of Canada. The approval allows the New York-based online broker-dealer to launch its commission-free and subscription-based software for active stock trading in Canada. The broker’s core offering also includes options trading, real-time streaming on web and desktop platforms, pre-and post-market trade, charting and scrolling news feeds.

Read this next

Retail FX

ThinkMarkets expands CFDs lineup to over 4000 ETFs and shares

ThinkMarkets has expanded its service offering by incorporating 2500 new CFDs on shares and ETFs on its ThinkTrader platform.

Retail FX

France regulator warns investors of Omega Pro,

France’s financial markets regulator alerted investors that scams related to Omega Pro Ltd are beginning to circulate, with the blacklisted firm capitalizing on the situation to run a range of “unrealistic” offers.

Digital Assets

Web3 platform Grand Time paid $2 million in token earnings to date

Community-driven Web3 platform Grand Time said its offering – which includes a multifaceted platforms and its native token – has been gaining significant traction highlighted by impressive operational metrics.

Institutional FX

FX volumes at MOEX halved in April as ruble gains gorund

Currency trading at Moscow Exchange (MOEX) halted its upward route in April as monthly volumes nearly halved from a month earlier.

Digital Assets

FTX US adds stock trading, fractional shares to crypto platform

FTX US, the American subsidiary of crypto exchange FTX has kicked off stock trading feature to its customers in an effort to compete with popular platforms such as Robinhood and eToro.

Industry News

UK FCA empowered to remove brokers’ permissions in 28 days

Businesses with permissions they don’t need or use, risk misleading consumers. These new powers will enable us to take quicker action to cancel permissions that are not used or needed.

Industry News

CFTC charges $44m Ponzi scheme but millions may have fled to foreign crypto exchange

The CFTC alleged that defendants transferred millions of dollars to an off-shore entity that, in turn, may have transferred funds to a foreign cryptocurrency exchange. None of these funds were returned to the pool.


Saxo Bank deploys Adenza to address Basel and EBA requirements

The integration of ControllerView will enhance Basel-driven capital calculations and reporting at Saxo Bank in support of the bank’s multijurisdictional capital and liquidity reporting requirements throughout Denmark, Switzerland and UK, with plans to expand into the Netherlands.

Executive Moves

ComplySci appoints CTO, CPO, and CLO to further regtech’s product expansion

ComplySci offers compliance software used by more than 1400 global institutions to identify risk and address regulatory compliance challenges.