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Online foreign exchange trading, CFD trading and cryptocurrencies specialist FXCM has expanded its Stock Basket offering to customers.

FXCM previously introduced a portfolio of Stock Baskets in May 2020 and the broker is now expanding this offering with the addition of seven new baskets.

Currently, FXCM offers six Stock Baskets to its retail clients. These feature some of the most widely traded companies globally and are made up into the following: Big US Tech (“FAANG”), Esports & Gaming, Biotechnology, Cannabis, China Technology and China E-commerce. These baskets have proven to be popular with customers and as a result FXCM is expanding this area with a host of new products.

The new sectors added include Airlines, Casinos, Travel & Hospitality, US Automotive, US Banks, US E-commerce, and ‘Work From Home’.

Sector shares combined into one tradeable instrument

FXCM’s Stock Basket products combine the shares of multiple companies from one sector into a single tradeable instrument. This allows customers to speculate on sectors as a whole instead of having to depend on the performance of a single company.

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For example, the ‘Work From Home’ basket combines the companies that have become front and centre of every day life for many under lockdown, including Zoom Video Communications Inc, Slack Technologies Inc, Twilio Inc, as well as Chewy Inc and Peloton Interactive Inc. With these companies having prospered during the pandemic, there was a lot of interest from FXCM’s customers to invest in them, the broker said. The ‘Work From Home’ basket pools these companies and allows for smaller investors to invest some of these key companies.

FXCM added US, European and UK share trading in 2020

This announcement follows on from a year which saw FXCM launch US, UK and European single shares trading, with the broker expected to add trading on more individual company stocks and new exchanges throughout 2021.

Brendan Callan, CEO of FXCM said: “We are always looking to create new opportunities for our customers to capitalise on, and this is continued with these new baskets reflecting some of the industries that have seen the biggest market movement during the pandemic. Their addition to our offering will provide our customers with the ability to speculate on the fluctuation of companies that have dominated the headlines throughout 2020 in a more cost-effective way, while minimising their risk by spreading exposure across multiple stocks in just a single click.”

Founded in 1999, FXCM’s mission is to provide global traders with access to the world’s largest and most liquid markets by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts.

In addition, FXCM offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. FXCM Pro 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.


Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Stuart Fieldhouse

Stuart Fieldhouse

Stuart Fieldhouse has spent 25 years in journalism and marketing, including as a wealth management editor for the Financial Times group, covering capital markets and international private banking, and as an investment banking correspondent for Euromoney in Hong Kong. He was the founder editor of The Hedge Fund Journal.

Stuart has worked at CMC Markets, supporting the re-launch of its global financial spread betting and CFD trading platforms. He is also the author of two books on trading, published by Financial Times Pearson. Based in The Armchair Trader’s London office, Stuart continues to advise fund managers, private banks, family offices and other financial institutions.

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