FXTM launches commission-free stock trading service
July 21, 2020534 views0 comments
By Omobayo Azeez
FXTM has unveiled its new Stocks Account on the MetaTrader5 platform, giving clients worldwide the ability to buy, sell and hold shares from the NYSE and NASDAQ stock exchanges.
The new FXTM Stocks Account offers trading with zero commissions, provides free access to real time price data as well as real time trade execution, helping clients to make the most of their investments.
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FXTM has selected more than 300 of the largest US-listed companies by market capitalization, which are now available to trade on the MT5 platform.
The global online trading platform said that additional stocks can be accessed upon client’s request, free of charge.
Commenting on the introduction of the Stocks Account, Charis Mountis, chief dealer said, “Since our launch in 2011 we’ve focused on providing our clients with access to the financial markets through leveraged instruments.”
He said while these instruments remain the company’s core product, FXTM is also giving people freedom to choose from a range of instruments so they can create more financial opportunities.
“In line with this mission and in response to increasing demand from our customers,” Mountis continues, “we have expanded our asset class range to include unleveraged equity trading, initially offering US stocks.”
The FXTM Stocks Account is now available in English. In the coming months, the service will add European equities, and be rolled out to FXTM’s Chinese language offering, it stated in the press statement.