The FinancialFinancial Commission approved broker-member RoboMarkets has announced the launch of commission-free trading on US equities through its new RTrader platform. As indicated by the broker: “R Trader, a new generation platform, offers more than 3,000 real stocks of the largest American companies to invest in without any commissions, such as Amazon, Facebook, Netflix, Google, and others.”
The announcement follows the previous rush by other brokerages to introduce commission-free equity trading on their platforms in late 2019, including Interactive Brokers, Charles Schwab and Robinhood. The Robomarkets offering will feature 1:1 leverage for trading stocks and has a minimum deposit requirement of $100.
Other features of the RoboMarkets new equity offering on RTrader platform:
- No financing fees.
- No limitations on the maximum number of orders.
- Only BUY orders can be placed (Market, Limit, Stop)
- Stop Out at 0%.
Today’s announcement follows after the company announced a few weeks ago that it was launching more than 500 contracts for differences (CFDs) on European stocks to its R Trader platform.