FXCM Group Now Offers Free Commissions
FXCM Group, LLC now includes commission-free trading in its an online trading platform in collaboration with Interactive Brokers. Because of this, the firm plans to create FXCM Stocks, a mobile trading portal that offers the new service.
The broker will white-label technology from Interactive Brokers to provide the new service, which will only apply to certain volumes.
FXCM’s expansion into the trend marks an important milestone, said the firm’s President, Robert Lande. The firm has been focused on its mission to provide the best trading experience, and the partnership is a continuation.
Interactive Brokers is a world-renowned broker-dealer which connects to exchanges in more than 125 markets in 31 countries.
FXCM Stocks offers a unique opportunity for traders to benefit from commission-free trading. Interactive Brokers gives them access to cutting-edge trading technology to help clients achieve competitive pricing and efficient execution speeds.
The millennial-focused firm Robinhood was the first to offer commission-free trading. Nearly all US online brokers eliminated commissions in the span of a few weeks after that.
FXCM’s Access to Multi-Platforms via MaxxTrader
FXCM’s institutional arm went live with FlexTrade System’s MaxxTrader solution last week. The decision comes as the solution plans to expand its reach to all major hosting hubs.
With the help of MaxxTrader, FXCM Pro’s team will grow out a new value proposition for new and existing clients. The product offers multi-bank streaming capabilities, STP and white label FX trading to process client NDFs, and more.
The core of FXCM Pro’s integration into MaxxTrader is a front-end solution that allows trading from client to client. It also allows direct trading with the trading desk or back-to-back with all liquidity providers.
FlexTrade’s product suite, on the other hand, offers access to market data providers while integrating with any Order Management System. OMS will be available via FIX and API.
Equities, FX, listed options, futures, or its combinations consolidated in the suite is essential in the same platform. It can also be tailored for global access to broker algorithms with the ability to build proprietary algorithms.