Capital.com has become the latest to jump into the commission-free bandwagon by launching a dedicated stock dealing account, called Capital.com Invest, for clients in the UK and Europe.
The press release shared with Finance Magnates revealed that the broker will not charge any commission on trades made from these accounts and stock prices will be quoted directly from the exchange to ensure there are no spreads or mark-ups.
Bank Account Alternative. Business Account IBAN.
“Our data clearly demonstrates that retail investors are taking advantage of the global rally in equity markets,” said Jonathan Squires, Chief Executive Officer at Capital.com.
“To enable our clients to diversify beyond derivatives trading and to allow them to take a more long-term investment view, we enabled commission-free stock dealing on Capital.com. With no hidden costs or mark-ups and with no fees to pay on deposits or withdrawals, we offer investors a truly commission-free stock dealing experience.”
Suggested articles
How Customer Retention Can Transform Profitability & Brand PerceptionGo to article >>
The new services will be first available to clients in the UK, France and Germany. But, the broker has plans to gradually roll out the services in other European markets.
Shift to Zero-Fee Model
Demand for commission-free stock trading services has skyrocketed over the past few years. American platform Robinhood disrupted the industry with such no-fee services and forced established industry players to change their business model to retail to their clients.
Furthermore, Europe is seeing such a disruption in the retail trading market with the emergence of platforms, like Freetrade and BUX.
Capital.com highlighted that demand for its stock offerings soared in recent months, which boosted the company to sweeten its offerings more. Finance Magnates earlier reported that the trading volume on Capital.com increased by 78 percent in Q1 of 2021.
“Capital.com’s commission-free stock dealing capabilities will strengthen the company’s position as one of Europe’s fastest-growing investment trading platforms,” Viktor Prokopenya, a founding investor at Capital.com.
PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
