RoboMarkets has opted to join others within the industry and begin offering zero commission. This was announced this Friday by the company that it is allowing its customers to trade American companies stocks without any fees.
The new zero commission plan will only be offered via RoboMarkets multi-asset trading platform R Trader that the company released late last year. This has resulted in RoboMarkets adding over 3,000 stocks for many of America’s most successful companies include Facebook, Google, Netflix, Amazon and others.
This makes RoboMarkets the latest to begin offering a commission free trade, one that was introduced first by Robinhood. However, while brokers are doing their best to connect with millennials, the industry as a whole is seeing an increase in the number of larger brokers entering the space such as Charles Schwab, TD Ameritrade, E*TRADE and Interactive Brokers
This has seen traders such as Fidelity and Robinhood looking for additional ways they can expand on this trend, one that is seeing generous growth. This includes offering exchange-traded funds and trades in fractional shares, and with RoboMarkets commission-free trading they are not including any order limitations, feature 1:1 leverage and do not include any financing fees.
European stock CFD’s Launched by RoboMarkets
RoboMarkets also announced today that it would be offering over 500 European stock CFDs on its R Trader platform. The new CFD’s will feature stocks from eleven countries in Europe that previously were not offered on the platform. These include the Netherlands, Sweden, Portugal, Ireland, Italy, Belgium, France, Spain, Denmark, Finland and Norway.
In addition, RoboMarkets has opted to include stocks from those countries that already were present on its platform such as the UK, Austria and Germany, while also including within its announcement that the company earlier in the month launched a new client function all Tick Charts.