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.

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