FXCM was founded in 1999 and is owned by the Jefferies Financial Group. It is regulated in several jurisdictions by the FCA in the UK, ASIC in Australia, CySEC in the EU and the Financial Sector Conduct Authority in South Africa.
The addition of Australian share CFDs adds to its current offering of US, EU and UK stocks. Additionally, you can trade forex, indices, commodities and crypto’s on the platform.
Brendan Callan, the company’s CEO, commented:
Brendan Callan Source LinkedIn
The addition of Australian stocks along with our existing AUS200 index will not only benefit our Australian customers, but it will also create more opportunities for our entire global client base. Fractional shares remove a barrier for those who want to invest smaller sums, including underserved individuals who would like to experience trading. This new product complements our Hong Kong, UK, European and US offerings, as we close in on having stock trading available almost 24 hours a day.
FXCM has been increasing its presence within the Australian market recently after several campaigns.
Back in February, the company added seven new stock baskets to its product offerings. It also partnered with ZuluTrade earlier in the year to offer social and copy trading services to its platform.
David Hobart
David Hobart is Managing Director of FinAffiliates Limited, the UK media group behind LeapRate, AskTraders and a network of more than 30 financial and trading titles published across several languages and regulated markets. He writes on the commercial side of the industry: broker marketing, client acquisition, affiliate strategy and the editorial standards that hold it together. He is based in North Norfolk.
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