FOREX.com Expands its Offering in Canada
Abstract：FOREX.com will be offering $0 Commission CFD stock trading through July 1st, 2022
FOREX.com, a trading name of GAIN Capital- FOREX.com Canada Limited, a wholly-owned subsidiary of StoneX Group Inc. (NASDAQ: SNEX), today announced the expansion of its offering in the Canadian market by offering over 2,500 new tradeable markets to Canada-based investors. FOREX.com also disclosed that it would offer Canadian customers commission-free CFD stock trading through July 1st, 2022. Bid/ask spread cost will still apply. Already the #1 FX broker in the U.S.*, this broader Canadian offering further expands FOREX.com's footprint in the Americas.
Glenn Stevens, CEO of the retail business of StoneX Group Inc., commented on the news, “Our mission at StoneX is to open markets, and this expansion of our FOREX.com offering in the Canadian market is an important part of providing comprehensive access to the retail investor. We also give retail investors the ability to trade the way they want by providing access to fractional shares of indices and commodities and reducing our commissions.”
The 2,500 new markets include the most popular stocks in the global markets such as Robinhood, Coinbase and Snowflake, bringing FOREX.COM's total Canadian offering to 3,000 products. These expanded offerings will provide traders in Canada with a wide range of choices in the CFD market, while also adding the ability to trade in fractional shares for indices and commodities. The expanded offering will also give FOREX.com users the ability to trade according to their personal preferences by providing access to smaller-sized contracts – as low as C$0.01.
“Providing a broader product offering with competitive pricing for our Canadian clients is a top priority for us,” said Sixto Alonso, Regional Director of FOREX.com Americas. “For 20 years, we've been dedicated to bringing major markets to our global clients, and the investment in our Canadian service marks the latest demonstration of this commitment.”
To see the new FOREX.com offerings for the Canadian market, please visit: https://www.forex.com/en-ca/.
Read more
BUSINESSES ARE FORCED TO USE E-PAYMENT DUE TO THE NEW NAIRA'S SCARCITY.
Nigerian businesses are dealing with a double blow as new naira notes are hard to come by and the old ones' expiration date approaches. Many firms have been pushed by the circumstance to choose electronic channels for transactional purposes in an effort to lessen the volume of obsolete notes coming from their clients.
NAIRA LOSES A SMALL AMOUNT THIS WEEK ACROSS ALL FX MARKETS.
Due to a gradual increase in demand for dollars, the naira, see a slight loss across market areas which made the Foreign Exchange (FX) market closed out the trading week on Friday.
AN ECONOMIST CALLS ON MONETARY AUTHORITIES TO HARMONIZE EXCHANGE RATES
The Centre for the Promotion of Private Enterprise (CPPE), in the organized private sector, has reiterated the FX market by combining the various rates and making sure the rates are driven by the market. This recommendation follows the sustained depreciation of the naira throughout the year 2022. In an interview with the New Telegraph in Lagos by Dr. Muda Yusuf, the Director and Chief Executive Officer of CPPE. According to him, the official rate had risen to N461/$ and the parallel/BDC rate reached N750/$.
WikiFX Review: Traders need to understand the current situation of XPro Markets
XPro Markets is a South Africa-based broker. This broker claimed to offer clients a couple of financial instruments. It catches our attention because we recently received a complaint related to this broker. WikiFX has comprehensively reviewed XPro Markets from several perspectives.
WikiFX Broker
WikiFX Broker
Latest News
South Korea Strengthens Crypto Market Regulation
WikiFXOn Wednesday, CMC Markets PLC Reported An Increase In Net Operating Income As It Continues To Expand
WikiFXAdmirals Intend To Assist South African Traders In Developing Their Skills
WikiFXStrong U.S Economic Growth Expected In The Fourth Quarter, Outlook Darkening
WikiFXWikiFX Alert: CySEC Warns The Public To Avoid Five Unregulated Forex/CFD Platforms
WikiFXDUKASCOPY Issues Alert Regarding Fraudulent Clone
WikiFXOANDA Now Offers Cryptocurrency Trading in the U.S
WikiFXA Warning From CNMV: Beware of Illegitimate FX Broker CMX Markets
WikiFXChipotle to hire 15,000 workers across North America
WikiFXCypriots walk off job in rare strike over index-linked pay demands
WikiFXRate Calc
