RoboMarkets has expanded its offerings with the addition of fractional stock trading services for its European clients, the broker announced on Wednesday. The services will be available on the broker’s proprietary trading platform, R StocksTrader.
“This is the feature many of our clients wanted us to add to the platform,” Kiryl Kirychenka, the Product Manager of RoboMarkets, said in a statement. “RoboMarkets clients now have more opportunities for investments and diversification that were not available before. The ability to invest in precise ratios gives you complete portfolio control and enhanced rebalancing options.”
Moreover, the broker has enhanced its services with the addition of more than 500 new assets on its platform, along with support for 8 additional languages, the press release shared with Finance Magnates detailed.
With the new improvements, the trading platform now offers more than 12,000 instruments that include 3,000 stocks, indices, ETFs and CFDs. Earlier this year, the broker stopped offering cryptocurrency CFDs, considering them high-risk investment instruments.
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Rising Demand for Fractional Shares
Fractional shares allow small-time investors to purchase a small piece of any share, allowing them to take a position in the company with very little capital. Demand for these types of services boomed recently with an influx of retail traders in the market.
Ahead of RoboMarkets, many of its competitors, including Exclusive Capital, CFI Financial, FXCM and many more have brought fractional share trading to their clients.
However, RoboMarkets cleared that it will not offer commission-free trading services, which it launched last year, for the purchase and sale of fractional shares.