No commission + extended hours: City Index launches US share CFDs for Australians

Rick Steves

“With global narratives making such an impact on companies and their share prices in the last two years, the US has proven to be an extremely important market for all traders.”

City Index has announced the launch of zero commission trading for US share CFDs in a move that helps bridge the gap for Australians wishing to trade US markets, according to the FX and CFD brokerage firm and subsidiary of StoneX Group.

Accessibility issues has often meant that international share exposure remained a limited part of Australian portfolios, but the addition of a US stock derivatives trading offering at zero commissions is likely to change.

Tom Brown, Head of Australia at City Index, commented: “Whether you’re trading pharmaceutical names, automakers, or tech stocks, the US is the only market in the world where you’ll find trillion-dollar companies moving at such a rate of change that their influence will have a ripple effect across all international markets. With global narratives making such an impact on companies and their share prices in the last two years, the US has proven to be an extremely important market for all traders.”

Trade US share CFDs beyond closing 4pm bell in New York

City Index has also offered its clients the opportunity to participate in extended hours trading, which will apply to the largest, most liquid share CFDs. Large caps including Amazon, Netflix and Microsoft will continue to trade beyond the closing 4pm bell in New York.

“The largest stockbrokers in Australia also carry with them the highest fees for trading international stocks, where traders have been deterred by c.A$30 minimum commissions. Among City Index clients, this was one of the three biggest barriers to entering the US market, alongside trading hours and education. To make this market more accessible, City Index has addressed all three”, Tom Brown added, as he pointed out that, as traders begin to explore new markets, City Index has a responsibility to provide education and analysis that will support their journey.

“City Index’s Trading Academy hosts 8 courses ranging from technical analysis to advanced trading strategies, containing some 60 individual lessons. With huge improvements this year in our performance analytics and our investment in behavioural science platform, PlayMaker, our clients are armed with more capabilities to succeed in these markets than ever before.”

City Index is headquartered in London and has offices in the United Kingdom, the US, Australia, Hong Kong, China, Singapore, Poland and Dubai. City Index currently offers a suite of trading platforms which include Advantage Web, AT Pro and MetaTrader 4.

Read this next

blockdag

BlockDAG’s $28.5M Presale Ignites Investor Frenzy! Dashboard Upgrade Unveils Top Rankings, Overshadowing Retik Finance Listings!

Learn how BlockDAG’s updated dashboard, featuring detailed community rankings, is diverting investor interest from Retik Finance’s anticipated market entries.

Digital Assets

Gala Games reportedly hacked for $200 million, token nosedives

The native token of crypto gaming project Gala Games (GALA) dropped sharply amid rumors of a massive transfer worth over $200 million that traders suspected might be a hack.

Digital Assets

Ether skyrockets amid rumors of spot ETF approval

The chances of the U.S. government approving spot Ether ETFs have increased, according to top Bloomberg ETF analysts. Initially viewed as unlikely, analysts James Seyffart and Eric Balchunas now see a 75% chance of approval, up from 25%, following recent developments.

Digital Assets

New York judge approves $2 billion settlement with Genesis

A New York bankruptcy judge has approved a $2 billion settlement between the New York State Attorney General’s office and crypto lender Genesis, marking the largest settlement against a crypto firm in the state’s history.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: Federal Reserve Policy, ECB, Geopolitical Tensions, May 20 ,2024

Fed holding rates to fight inflation, ECB likely cuts June rates, geopolitical tensions favor safe-haven USD

Digital Assets

Grayscale CEO steps down, replaced by Goldman Sachs veteran

Grayscale CEO Michael Sonnenshein after 10 years with the digital asset investment firm, the company said on Monday.

blockdag

Influencers Fuel BlockDAG’s $28.4M Presale Amid Solana Price Surge & Kaspa Bull Run

Dive into BlockDAG’s presale success, boosted by influencer endorsements. Explore the Solana price surge and Kaspa’s bullish sentiments.

Market News, Tech and Fundamental, Technical Analysis

EURGBP Technical Analysis Report 20 May, 2024

EURGBP currency pair can be expected to fall further toward the next support level 0.8525, which is the low of the previous corrective wave ii.

Digital Assets

Pump.fun exec arrested for $1.9 million exploit, claims bail in UK

Jarett Dunn, a former employee of the memecoin creator and trading platform pump.fun, claims he was arrested and subsequently released on bail in the United Kingdom following a $1.9 million exploit on the platform.

<