FXCM launches micro CFDs
FXCM, a provider of foreign exchange trading and related services, has enhanced its Contracts for Difference (CFDs) offering by reducing the tradable size to one-tenth its current value.
FXCM clients will now be able to trade CFDs in smaller amounts, allowing more available margin, lower transaction costs and greater flexibility in their trading of stock indices and commodities.
“FXCM will be working this year to make our CFD offering more unique and competitive and this is one of the first steps,” says Drew Niv, CEO of FXCM. “As one of the first brokers to offer micro CFDs, FXCM is bringing greater trading opportunities at a lower cost to traders.”
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