FXCM Strengthens Commission-Free Trading With More European Equities

FXCM has introduced several French, German and UK shares to its commission-free Single Share CFD offering, effectively doubling its portfolio of European shares.

The retail broker offers FX and CFD trading as well as cryptocurrencies with one-click order execution and real-time charts, and other trading tools, proprietary data, and educational resources.

The trading company has recently launched single share CFD trading in Australia with zero data fees and commissions a few weeks ago.

FXCM’s single share offering includes equities listed in Hong Kong, the United Kingdom, the United States, Australia, and several European countries.

The further expansion of FXCM’s European offering demonstrates the firm’s intention of serving the clients’ wants and needs. The industry has increasingly moved toward equities and commission-free trading to address the demand from retail traders.

Brendan Callan, Chief Executive Officer of FXCM, said: “By doubling our French, German and UK shares, we have highlighted our commitment to being a “Client first – Trader driven” firm. We have a strong focus on delivering the ultimate trading experience for clients around the world, and we are pleased to continually upgrade and expand our offering to create more opportunities and options for our entire global client base.”

Equities have become a phenomenon within the trading industry, especially since the pandemic, to the point of disrupting markets and brokers. The Gamestop short squeeze will be remembered for a long time as the moment retail traders were able to organize themselves and compete against large financial institutions, namely Citadel Securities.

Citadel had and still has a partnership with Robinhood under the PFOF model (payment for order flow), which has been scrutinized by regulators and lawyers since the Gamestop short squeeze. Several lawsuits aiming to take down Citadel and Robinhood, among others, have been filed and are ongoing.

While commission free trading on equities has been around for quite some time, Robinhood made it popular in the United States and across the globe. Many brokers have since then moved to adopt comission free trading without the PFOF model.