FXCM launches single stock CFD trading for US equities
CFD broker FXCM has launched commission-free single-stock CFD trading (share CFDs), enabling retail clients to trade CFDs on individual company shares like Tesla, Apple, Facebook, and others. FXCM has confirmed it will be gradually rolling out the new single stock CFDs to its entire client base over the coming weeks.
The expansion into share CFDs will initially focus on stocks listed in the United States. The company is aiming to expand the number of individual stocks tradeable via CFDs to more than 100, covering at least five countries, all before the end of the year.
FXCM also said it will provide share CFD trading on MetaTrader 4, the Trading Station platform, and on mobile devices – resulting in seamless connectivity for existing customers and reducing the need to switch between providers.
The product will initially be launched to South African and Australian customers with European customers following closely behind.
“Share CFDs have been one of the most highly requested products from our customers and we are excited to formally announce our launch,” Brendan Callan, CEO of FXCM commented. “Over the next few months, we will concentrate on expanding the number of tradeable instruments so that no matter what is moving in the markets, clients are able to make the most of their FXCM account.”