CFD broker FXCM has announced a sizeable cut to the minimum trade size of single stock CFDs.
From today, traders will not only see $0.00 commission after opening or closing trades but they can now hold positions on companies like Apple, Facebook, or Netflix – all for less than $5 in margin. All FXCM single stock CFDs are now available in one-tenth per share (0.1) increments.
The new offering provides greater control of position sizes due to the opportunity to buy a fraction of a share. Trade 25 shares of Amazon or just 0.1. Buy or sell 0.3 shares of Tesla per day or close all at once. Customers will be able to easily scale in or out of positions or access stocks that would have previously been too expensive due to a high stock price.
|Apple (AAPL.us)||Facebook (FB.us)||Netflix (NFLX.us)|
|Value of 1 FXCM Contract||$36.6||$23.3||$47.1|
*The above figures are for illustrative purposes only. Share price and margin requirements update and should be viewed on FXCM trading platforms.
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Brendan Callan CEO of FXCM commented: “With the growing market volatility our customers, understandably, want greater control and variety in terms of their trading opportunities. With fractional trading available, this is exactly what we are providing; a user-friendly service allowing anyone to trade companies in a way that allows them flexible trade sizes. Combined with our commission-free single stock CFD pricing structure, we have made the trading of household named shares more accessible than ever before.”
FXCM’s fractional share offering will be available on MetaTrader4, the Trading Station platform, as well as on mobile devices – allowing seamless trading for both new and existing customers according to their needs.