European broker RoboMarkets has updated its proprietary R StocksTrader trading platform. The broker’s clients now have access to fractional shares, more than 500 new trading assets, 8 new interface languages and an improved mobile app, all of which have already been implemented.
As part of this update, a landmark feature of the platform is the introduction of fractional shares. Buying a fractional share allows clients to invest in a given stock without buying the whole share. This presents an opportunity to make investment portfolios more balanced and diversified.
A fractional share is a regular share divided into several parts. One of the many advantages to buying fractional shares is that it enables retail investors to acquire a stake in a company, even when the price of shares is cost-prohibitive. This can attract more investors by removing a significant entry barrier.
Fractional shares allow RoboMarkets clients to buy, say, Tesla stock at 1.1 or 1.75 shares, with a minimum order volume of one share. Various other large and lucrative companies are also available on the RoboMarkets platform.
In addition to fractional shares, the R StocksTrader platform offers trading in more than 12,000 instruments and 6 asset classes.
Other updates to R StocksTrader include:
More than 500 new trading instruments such as Berkshire Hathaway Inc. (NYSE: BRK.B), Bakkt Holdings Inc. (NYSE: BKKT), Lucid Group Inc (NASDAQ: LCID), Rivian Automotive Inc (NASDAQ: RIVN), Udemy Inc. (NASDAQ: UDMY) and others.
8 new languages of the platform interface: Swedish, Norwegian, Romanian, French, Italian, Dutch, Finnish and Danish.
Improvement of the mobile application, which includes: strengthening the security of the application, simplifying the use of passwords, direct access to deposit / withdrawal of funds and registration of trading accounts directly from the R StocksTrader terminal.