RoboMarkets Goes All In On Stock Trading, Shuts Down FX/CFD Offering In Europe

RoboMarkets recently enhanced its R StocksTrader platform for the betterment of its clients’ investment experience. The updates include simplified trading conditions, an expanded list of available stocks, and the launch of a modern trading API. The brokerage firm removed commissions and updated its approach to spreads. Additionally, it expanded the list of available stocks for trading, and launched a trading API for the R StocksTrader platform:

  •  Commission removal and updated approach to spreads

RoboMarkets is eliminating all order placement fees on the R StocksTrader platform as part of its commitment to provide the best trading conditions. Clients can now purchase stocks without incurring high minimum commissions, making even small investments more feasible. Instead of commissions, its fees for order execution will be incorporated into the market spread – the difference between the buying and selling price. The spread markup will not exceed 0.3% of the value of stocks and CFDs on stocks, which aligns with the best market standards. The new trading conditions will take effect on 2 September 2024.

  • Expanded stock list: over 150 new instruments

RoboMarkets has significantly expanded the list of stocks available for trading by adding over 150 new instruments. Among the newly added companies are:

– Reddit Inc. – a social network and news website where users can share and rate content.

– Artiva Biotherapeutics Inc. – a biotechnology company specializing in cancer therapy.

– Asana, Inc. – a developer of a work management platform.

– Y-mAbs Therapeutics, Inc. – a biopharmaceutical company developing antibodies for cancer treatment.

Clients can now diversify their investment portfolios by adding shares of the world’s largest companies.

RoboMarkets is launching a trading API on the R StocksTrader platform, enabling clients to trade using algorithms, connect applications, and create their own custom services. The API is suitable for developing and testing strategies on both real and demo accounts, supporting trading in stocks, CFDs, currencies, and other instruments through a single interface. This solution is ideal for both retail and institutional traders and funds.

A look at the RoboMarkets history

RoboMarkets is a European brokerage firm that began its journey in 2012. Established with a focus on providing access to trading in financial markets, the company initially concentrated on forex trading, aiming to serve European clients.

In 2013, RoboMarkets secured a license from the Cyprus Securities and Exchange Commission (CySEC). This regulatory approval allowed the company to operate across the European Economic Area (EEA), enhancing its credibility and ensuring compliance with stringent market standards.

Between 2015 and 2017, RoboMarkets expanded its services by introducing a broader range of trading instruments. This expansion included CFDs on various assets such as stocks, indices, commodities, and cryptocurrencies. Alongside popular platforms like MetaTrader 4 and MetaTrader 5, the company also launched its own trading platforms, enhancing the trading experience for its clients.

The years 2017 and 2018 marked the launch of RoboMarkets’ proprietary trading platforms, R Trader and WebTrader. R Trader, in particular, stood out for its user-friendly interface and the ability for traders to create custom trading robots without needing programming skills.

To boost its market presence, RoboMarkets began sponsoring sports teams and events, including becoming an official sponsor of the BMW M Motorsport team in 2019. This sponsorship helped the company increase its visibility and strengthen its brand reputation.

RoboMarkets renewed sponsorship with BMW M Motorsport into the 2024-2025 DTM seasons

RoboMarkets recently renewed its sponsorship deal with BMW M Motorsport into the 2024-2025 DTM seasons. The collaboration between the European brokerage company and the BMW-branded motorsport racing team is being extended after a successful 2023 season.

The partnership between the two brands was initiated in 2019 and evolved into a Premium Partner relationship for the 2022-2023 seasons. As the DTM (Deutsche Tourenwagen Masters) racing season gears up for its latest iteration, RoboMarkets retains its status as a Premium Partner of BMW M Motorsport.

The premium package includes the design of the race car in RoboMarkets’ brand identity, with its logo featured on the bonnet, doors, roof, and boot lips; branding of the media stands and the official team garage walls, and marketing options.

The BMW M4 GT3 will be competing in the main race events, adorned with the RoboMarkets brand. The partnership will exclusively focus on the DTM main race. The participation in the DTM Trophy and DTM Classic Cup supplementary programmes are not included in the current sponsorship package, according to the announcement.

RoboMarkets renewed with rally team AutoLife from Cyprus

RoboMarkets also renewed its platinum partnership with Team AutoLife, a Cyprus-based racing team famous for competing in international rallies and cross-country races. The new sports sponsorship will provide the distinguished European brokerage company with greater visibility as its brand will be displayed in the Abu Dhabi Desert Challenge this year and the Dakar Rally 2025.

Team AutoLife, known for its achievements in prestigious races like the Dakar Rally and Greece Offroad, boasts a skilled team led by pilot Roman Starikovich, navigator Bert Heskes, and manager Sijbrand Booij. Since its establishment in 2015, the team has shown resilience and a competitive spirit, securing a commendable second place in the T1 class at the Abu Dhabi Baja Challenge recently.

The two entities, RoboMarkets and Team AutoLife, started their relationship in 2019. In the five years since, the multi-asset broker continues to support Team AutoLife’s vision and goals, promising a strong backing as the team faces upcoming challenges and strives to leave a significant mark in motorsports.

Financefeeds.com