Multi-regulated FX and CFDs broker, CFI Financial Group, has expanded its service offering and trading products by incorporating more than 3,500 US exchange-based stocks on MetaTrader 5.
In a recent statement, the broker informed its clients about the new additions with an initial focus on blue-chip stocks alongside plans to launch more from different exchanges across the world. This has increased the number of tradable assets at CFI to 11,000 products, covering stocks, forex pairs, commodities, indices, ETFs and cryptocurrency markets.
CFI Financial is looking to diversify its suite of tradable options by adding new CFDs on top of US-listed stocks. The inclusion of MT5 has also seen the expansion of the range of assets offered on the company’s platform.
MT5 supersedes the older MetaTrader 4 platform, widely regarded as the most popular and successful retail trading platform ever.
The latest additions also come shortly after CFI Financial Group expanded its offering to more than 7,000 trading products, including ETFs.
Often promoted as cheaper and better than trading in futures markets, CFDs on ETFs have become one of the popular investment vehicles that offer low-cost diversification and arbitrage options for retail traders.
Commenting on the news, the Founders and Managing Directors of CFI Financial Group, Hisham Mansour and Eduardo Fakhoury said: “Adding US exchange-based stocks made perfect sense for long-term traders seeking the full ownership experience and without having to pay exorbitant fees. At $0.005/share, no minimum account and commission as low as $1 per trade, it is now easier than ever to start investing and this will play an important role in allowing traders to become a part of the financial markets. All of this is in line with our vision of becoming the brand for all things investing and trading”.
CFI launches fractional shares
Demetrios Zamboglou, Chief Operating Officer of the CFI Financial Group added: “We are reaping the rewards of having heavily invested in CFI’s trading infrastructure and technology. This has not only allowed us to offer some of the best trading conditions in the industry, but also gave us the foundation needed to always add new products.”
CFI Financial has also updated its trading offering to provide its clients with the opportunity to trade fractions of stocks. The feature allows small-bucks traders to diversify their portfolios by spreading their relatively small capital over a broader range of stocks.
The move, geared toward attracting more young clients, eliminates the barriers that many investors face as the brokerage split whole shares intentionally, so they can sell fractional shares to clients.
This new product offers an affordable gateway to invest in blue-chip shares and enables investors to build portfolios of stocks, ETFs with low costs.
The trend picked up as retail brokers look beyond the no-fee trading war, which set off a new rush among other firms to do the same amid increased competition in the industry to attract the next generation of investors.