FOREX.com, trading brand of GAIN Capital- FOREX.com Canada Limited, a subsidiary of StoneX Group Inc., announced on Wednesday the expansion of its offering in the Canadian market. The company will offer more than 2,500 new tradeable markets to Canada-based investors.
The trading firm also detailed that it would offer Canadian customers commission-free CFD stock trading through 1 July 2022. Bid/ask spread cost will still apply to those trades. With this new Canadian offering, the broker further expands its footprint in the Americas.
Glenn Stevens, CEO of the retail business of StoneX Group Inc., commented:
Our mission at StoneX is to open markets, and this expansion of our FOREX.com offering in the Canadian market is an important part of providing comprehensive access to the retail investor. We also give retail investors the ability to trade the way they want by providing access to fractional shares of indices and commodities and reducing our commissions.
October last year, the company started offering its services in the Latin America.
FOREX.COM‘s 2,500 new markets include the most popular stocks in the global markets like Robinhood Coinbase and Snowflake. The new expansion brings the broker’s total offering in Canada to 3,000 products.
These expanded offerings will provide Canadian traders with a wide range of choices in the CFD market, as well as the ability to trade in fractional shares for indices and commodities. It will further benefit FOREX.com users with the ability to trade according to their personal preferences by providing access to smaller-sized contracts – as low as C$0.01.
Sixto Alonso, Regional Director of FOREX.com Americas, said:
Sixto Alonso Source: LinkedIn
Providing a broader product offering with competitive pricing for our Canadian clients is a top priority for us. For 20 years, we’ve been dedicated to bringing major markets to our global clients, and the investment in our Canadian service marks the latest demonstration of this commitment.
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.