LONDON and SYDNEY, Australia and JOHANNESBURG, South Africa, April 28, 2020 (GLOBE NEWSWIRE) -- FXCM Group, LLC (‘FXCM Group’ or ‘FXCM’), a leading international provider of online foreign exchange trading, CFD trading, cryptocurrencies and related services, 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 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 aims 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 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.”
About FXCM:
FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, and related services. Founded in 1999, the company's mission is to provide global traders with access to the world's largest and most liquid market 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. FXCM is a Leucadia Company.
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. The products are intended for retail, professional and eligible counterparty clients. Retail clients who maintain account(s) with Forex Capital Markets Limited ("FXCM LTD"), could sustain a total loss of deposited funds but are not subject to subsequent payment obligations beyond the deposited funds but professional clients and eligible counterparty clients could sustain losses in excess of deposits. Prior to trading any products offered by Forex Capital Markets Limited, inclusive of all EU branches, FXCM Australia Pty. Limited, FXCM South Africa (PTY) Ltd, any affiliates of aforementioned firms, or other firms within the FXCM group of companies [collectively the "FXCM Group"], carefully consider your financial situation and experience level. If you decide to trade products offered by FXCM Australia Pty. Limited (“FXCM AU”) (AFSL 309763), you must read and understand the Financial Services Guide, Product Disclosure Statement, and Terms of Business. Our FX and CFD prices are set by us, are not made on an Exchange and are not governed under the Financial Advisory and Intermediary Services Act. The FXCM Group may provide general commentary, which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. The FXCM Group assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials. Read and understand the Terms and Conditions on the FXCM Group’s websites prior to taking further action.
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