FXCM Group, LLC, international foreign exchange trading, CFD trading, cryptocurrencies and related services provider, announced its expansion into equity trading with the launch of a commission-free trading service in collaboration with Interactive Brokers.
Equity trading is one of the most popular investment securities for retail traders. FXCM will create a dedicated online and mobile trading portal, called FXCM Stocks, which will white-label technology from Interactive Brokers.
The launch is expected in March and will offer trading stock from US, UK, Hong Kong and Europe.
FXCM’s expansion intro trading is one of the latest strategic steps in the development of the company, following the implementation of cryptocurrency trading last year.
Robert Lande, President of FXCM, said:
FXCM’s expansion into commission-free* equity trading marks an important milestone for the company. Since our launch, we have been resolute in our mission to provide the best trading experience, execution and educational tools, while lowering costs for customers. Our collaboration with Interactive Brokers, a world-renowned broker-dealer which connects to exchanges in more than 125 markets in 31 countries, is a continuation of this mission.
FXCM Stocks offers a unique potential opportunity for retail traders to benefit from commission-free trading, along with access to cutting-edge trading technology from two global market leaders. With this new service, I expect our clients to be able to benefit from competitive pricing, efficient execution speeds and lower transaction costs when trading with us.