City Index, a global leader in online trading, announced today that it has reduced its spreads across a wide range of FX pairs. AUD/USD, EUR/USD and USD/JPY will now be priced from just 0.5 pts and GBP/USD will be priced from 0.8 pts.
The move signals a shift from fixed to variable spreads in a change that promises to offer traders better value than ever before.
"Our decision to tighten our spreads on major FX pairs highlights our continuing commitment to delivering the best possible value to our traders," said Samantha Roady, President of Retail at GAIN Capital.
"Moving our FX spreads to variable allows us to better reflect available market liquidity, while lowering the overall cost of trading for our clients. Our new FX spreads are amongst the best in the market and reflect the substantial FX liquidity of our parent company, GAIN Capital, one of the world's largest retail brokers."
Traders can enjoy these new FX spreads now. Further details are available at: http://www.cityindex.co.uk/trading-forex/
|
NEW Minimum Spread
|
NEW Average Variable |
Previous Fixed Spread
|
Margin
|
|
|
EUR/USD |
0.5 |
0.68 |
1.2 |
0.5% |
|
AUD/USD |
0.5 |
0.71 |
1.4 |
0.5% |
|
USD/JPY |
0.5 |
0.82 |
1 |
0.5% |
|
GBP/USD |
0.8 |
1.29 |
1.8 |
0.8% |
|
EUR/GBP |
0.8 |
1.15 |
1.6 |
0.8% |
