As of June 1st, ActivTrades is dropping its minimum commission on the major European stock exchanges from 8 euro to 1 euro.
In a move that is likely to have wide-range effects in equity CFDs trading, the reduced fee will open the doors for traders to European stock exchanges and provide them with an opportunity to trade share CFDs worth up to $2,000 on the Euronext, Italian and German exchanges with a much reduced commission of only 1 euro. With the previous fee structure, a trade of 100k euro cost 8.00 euro. Under the new system, a basket of stocks worth 5,000 euro would be charged a commission of only 2.50 euro and a 10,000 euro basket only 5 euro.
ActivTrades is a global online broker operating out of London, UK since 2001. The decreased fee is only one in a series of strategic moves taken by the broker in its efforts to escalate its global expansion. It recently added the highly traded currency pairs USD/CNH (US dollar/China Offshore Spot) and USD/RUB (US Dollar/Russian Rouble) to its Forex list.
According to Alex Pusco, Chairman of ActivTrades, the client is the main concern of the company. "?We strive to offer them the best service possible at all times. With this new fee structure we want to give a greater opportunity even to investors with lower trading volumes to enter and trade in the equity markets and benefit from special discounts along the way".
ActivTrades deals in Forex, Contracts for Difference (CFDs), Shares and Spread Betting. Their services extend to all major international markets. They offer several unique analytical tools such as SmartForecast which automatically calculates both short and long term resistance and support. Their SmartOrder application extends the functions of the MetaTrader 4 platform, increases trading speed and improves the process of managing positions.
ActivTrades is registered with the Financial Conduct Authority and is affiliated with the Financial Services Compensation Scheme (FSCS).