Contracts For Difference broker FXCM is expanding its current range of services to incorporate equity trading with the launch of a commission-free trading service in collaboration with Interactive Brokers.
UK investors will be able to invest in UK stocks & shares commission free on trades up to £10,000. Investors will be able to trade Hong Kong, Canadian, Australian, German and French stocks plus transactions of more than £10,000 on UK stocks on a commission basis.
The broker will create a dedicated online and mobile trading portal, FXCM Stocks, which will white-label cutting-edge technology supplied by Interactive Brokers.
Robert Lande, President of FXCM, commented: “FXCM’s expansion into commission-free* equity trading marks an important milestone for the company. Since our launch, we have been resolute in our mission to provide the best trading experience, execution and educational tools, while lowering costs for customers. Our collaboration with Interactive Brokers, a world-renowned broker-dealer which connects to exchanges in more than 125 markets in 31 countries, is a continuation of this mission.
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“FXCM Stocks offers a unique potential opportunity for retail traders to benefit from commission-free trading, along with access to cutting-edge trading technology from two global market leaders. With this new service, I expect our clients to be able to benefit from competitive pricing, efficient execution speeds and lower transaction costs when trading with us.”