Fri, August 19, 2022

Robomarkets Reduces Min. Lot and Order Vol. Step for Indices

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RoboMarkets, announced this Tuesday that it will be reducing the minimum lot and order volume step for trading indices. Starting May 14th, it will change its trading conditions and reduce the minimum lot and order volume step for indices.

Its clients will be able to trade indices with lower margin requirements under these new changes. According to the broker, it will also allow orders in the CopyFX platform to be copied with higher accuracy.

The reduction of the minimum lot and order volume step is another step in the Company’s extensive work. It is aimed to provide its clients with the most competitive conditions for trading indices in the industry.

RoboMarkets reduced the minimum order volume to 0.01 and the minimum order volume step down to the same value. The broker advises its clients that they may need to adjust their settings and review their strategies following the changes.

RoboMarkets Expands and Updates

This company has been actively expanding its trade offering in recent months. It launched commission-free trading on US stocks, as well as bolstering its European stock offering.

It launched more than 500 contracts for differences in European stocks to its R Trader platform. The CFDs included stocks from 11 EU countries that hadn’t been available on the platform previously. 

These 11 countries were Belgium, Denmark, Ireland, Spain, Italy, the Netherlands, Norway, Portugal, Finland, France, and Sweden.

For the commission-free offering, the company launched more than 3,000 stocks of the largest American companies. These included Amazon, Facebook, Netflix, Google, and more.

The European broker RoboMarkets was the latest player in the commission-free space. Initially, the Robinhood stock trading app dominated the commission-free space.

However, as brokers try to reach millennials, more and larger players have been entering the space. These included E*TRADE, Interactive Brokers, Charles Schwab, and TD Ameritrade.

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