FXCM enhances commission-free offering with European shares

Rick Steves

“By doubling our French, German and UK shares, we have highlighted our commitment to being a “Client first – Trader driven” firm.”

FXCM has doubled its French, German and UK share offerings on its commission-free Single Share CFD offering.

The retail FX and CFD broker is keeping up with the times and is not only strengthening its share CFD portfolio to address the growing demand for equities, but it has also recently launched commission-free trading on stocks.

Prior to the addition of European shares, FXCM had launched single share CFD trading in Australia with zero data fees and commissions earlier this year.

While going commission-free, everyone knows there are no free lunches. FXCM has disclosed the broker can be compensated in several ways, which include but are not limited to adding a mark-up to the spreads it receives from its liquidity providers, adding a mark-up to rollover, etc.

FXCM now boasts an extensive shares offering in Hong Kong, the UK, the US, Australia, and large parts of Europe, while keeping investors away from incurring the hefty commission and data subscription fees charged by many trading providers.

Brendan Callan, CEO of FXCM, said: “By doubling our French, German and UK shares, we have highlighted our commitment to being a “Client first – Trader driven” firm. We have a strong focus on delivering the ultimate trading experience for clients around the world, and we are pleased to continually upgrade and expand our offering to create more opportunities and options for our entire global client base.”

FXCM was launched in 1999 and was one of the largest trading platforms when the Swiss franc flash crash happened in 2015 and bankrupted the firm. Since then, Leucadia took the reins, became the largest FXCM shareholder, and funded the rebirth of the broker.

FXCM is now back with a competitive offering and it is also catering to institutions via FXCM Pro, which 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.

The institutional arm of the leading FX brokerage firm has recently tied up with the multi-asset trading platform Fortex in a bid to improve its liquidity and pricing for institutions.

Integrating FXCM Pro’s liquidity with Fortex’s XForce 2.0 platform helps to boost liquidity and also provides better pricing, risk management, bridging for MT4/MT5, and other functionality as well.

Read this next

Digital Assets

Coinbase CEO says Chase UK’s ban on crypto “totally inappropriate”

Coinbase CEO Brian Armstrong criticized Chase UK’s decision to restrict cryptocurrency-related transactions in the UK. He called the move “totally inappropriate” and expressed his disagreement with the bank’s decision to ban its UK customers from conducting debit card or wire transfers related to cryptocurrencies.

Digital Assets

Binance CZ refutes any connection with CommEX

Changpeng “CZ” Zhao, the founder and CEO of Binance, has denied being the owner of CommEX, the company that reportedly acquired Binance’s business in Russia.

Institutional FX

Refinitiv’s spot FX volumes hit 8-month low

Refinitiv, the former Financial and Risk business of Thomson Reuters, today reported that the average daily volumes (ADV) of currency trading were $424 billion last month on the company’s main FX trading services.

Executive Moves

Integral hires industry veteran Paul Arnold as liquidity manager

Integral, a technology provider to the financial markets’ buy-side, has appointed Paul Arnold, a highly experienced FX industry professional, as its liquidity manager, according to information made public on his Linkedin profile.

Digital Assets

Terraform’s Do Kwon challenges US extradition request

Do Kwon, the crypto entrepreneur and former CEO of Terraform Labs, is opposing the U.S. Securities Exchange Commission’s request to question him about the crash of his company’s stablecoins Terra and Luna.

Digital Assets

Coinbase gets nod to offer futures for retail customers

Coinbase International Exchange has received regulatory approval from Bermuda’s financial regulator, the Bermuda Monetary Authority (BMA), to allow eligible non-US retail customers to trade perpetual futures contracts.

Inside View

How brokers can win the trading tech wars: Insights from iFX EXPO 2023

Last week’s iFX EXPO International 2023, held at the City of Dreams Mediterranean Integrated Resort in Limassol, Cyprus, welcomed a series of insightful discussions. A panel that particularly stood out focused on the role and evolution of trading technology.

Crypto Insider

Web3 Transformation: Radix’s Babylon Update Redefines User and Developer Engagement

Radix Publishing leaps forward in the decentralized world with the release of the Babylon mainnet upgrade, bridging the gap between innovative tech and user-friendly DeFi experiences.

Digital Assets

Crypto.com Joins Forces with PayPal and Paxos for Enhanced PYUSD Exchange Experience

Crypto.com collaborates with PayPal and Paxos to fortify its position as the premier exchange for PYUSD, marking a significant milestone in the global crypto landscape.