New FAQs
New FAQs
Change to Variable Spreads for major FX market
We’re reducing the spreads on all our major currency pairs. We now offer EUR/USD, USD/JPY and more at a minimum variable spread from just 0.5 points.
New Variable Spread Values
Major FX pairs including EUR/USD, USD/JPY and AUD/USD will now be priced from just 0.5pts and will also be reducing our GBP/USD spread to just 0.8.
See the table below for a list of our major FX spread changes, you can view a full list of our FX prices within the platform
Current |
New |
Average |
|
EUR/USD |
1.2 |
0.5 |
0.72 |
AUD/USD |
1.4 |
0.5 |
0.75 |
USD/JPY |
1 |
0.5 |
0.85 |
GBP/USD |
1.8 |
0.8 |
1.31 |
EUR/GBP |
1.6 |
0.8 |
1.19 |
*The Average Spread is the 24 hour mean average spread for the two-weeks ending 7th October 2016. This data is updated regularly but please see our website and market information sheets for the latest information. Spreads may widen depending on market volatility.
What is the difference between “Minimum” and “Average Variable” Spreads?
The ‘Minimum Spread’ is the lowest spread we quote on the respective FX pair and is a variable spread which is based on the live feed provided to us by leading banks and liquidity providers. As it is variable, it can fluctuate during the trading day depending on liquidity and volatility.
The ‘Average Spread’ is a time-weighted average taken from all quotes over a one-month period, and is updated regularly to show the latest data. The average spread, taking in to account all spreads quoted, still works out considerably cheaper than our current ‘Fixed Spreads’ and likely to be lower than what you are paying elsewhere.