- Canadian broker entity increases stock CFD offering
- Commission structure changes also made
Forex.com, the broker brand of StoneX Group, has expanded its range of CFD stocks assets for traders under its Canadian Entity. Alongside this increased selection of stock CFDs, Canadian traders will benefit from a period of commission-free trading and changes in the commission structure going forward.
These changes will increase the number of CFD stocks available to Canadian traders to more than 1,220. This is a substantial increase with 1,000 new stock CFDs added to the range.
The move also brings the tradable asset range of the Canadian broker entity closer to that of other global markets where Forex.com offers more than 9,000 stock CFDs.
Commission Structure Changes
The broker also announced that Canadian traders will be able to trade these stock CFDs commission-free until April 1st, 2022.
After that date, the commission structure on these assets under the Canadian entity will change to 10 currency units per trade. $10 for US stocks, £10 for UK stocks and € 10 for EU stocks, and so on depending on where the stock is traded.
Canadian traders will also be able to trade fractional mini lots. There will be a minimum trade size of 0.1 for Index and commodity CFDs. This continues the trend of Forex.com and other reputable brokers in making trading more accessible than ever. The broker expanded its geographical reach at the end of 2021 to launch forex and CFD trading in Latin America.
80% of retail CFD accounts lose money