ActivTrades, an online foreign exchange (forex) and contract for differences (CFD) broker, has started off 2021 with special offers, abolishing some of its trading fees and allowing purchases of parts of shares rather than full shares.
There will be no trading fees for any European, British or U.S. stocks sold to non-leveraged retail investors. Nor will there be any swap rate charges for the overnight maintenance of positions, ActivTrades announced.
“With the volatility of last year showing no sign of slowing in 2021, this removal of fees makes it the ideal time for new investors to enter the markets,” said ActivTrades chief executive Alex Pusco.
So-called fractional trading would enable a sparing investor to buy into a major global company by acquiring a fraction of a share in it. For example, one would be able to buy one-hundredth of a share in Amazon for about $30.
ActivTrades, which will celebrate its 20th birthday this year, trades in more than 1,000 types of CFDs in asset classes that, in addition to forex, include indices, shares, commodities and exchange-traded funds (ETFs).
CFDs are arrangements giving an investor exposure to price movements in securities without deliveries of the securities themselves or physical goods.
The brokerage, which is headquartered in London, recently opened an office in Luxembourg as its European hub after Britain’s exit from the European Union.
ActivTrades also has a European office in Milan, an international office in Nassau, Bahamas, and a technology centre in Sofia, Bulgaria.
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