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GFT Reduces Forex Spreads

Tuesday May 13, 12:41PM

GFT, a leader in online spread betting, CFD and spot forex trading services, has announced that it will now offer even more highly competitive prices, with spreads as low as one-pip wide.

Effective 5 May, the company will reduce spreads on many of its currency pairs, with the EUR/USD, EUR/GBP, USD/JPY and EUR/CHF quoted as low as one-pip wide. The new pricing applies to spot forex as well as forex CFDs and spread bets.

"Spreads have been reduced by more than half in some of the most popular pairs, and we are now able to quote the euro/pound as low as one pip wide, for example," said Simon Mansell, COO, GFT. GFT will also retain a maximum spread cap for each currency pair that it offers, providing its customers with not only lower, but also more consistent pricing.

"We already offer individual traders among the widest choice of currencies, with more than 120 pairs available to trade as spot forex, and nearly as many available as CFDs and spread bets. Our new highly competitive pricing will help us to providing customers with among the lowest pricing in the industry," said Mansell.

For complete pricing details, view GFT's market information sheets at http://www.gftuk.com/forex/market-info.asp.

Currency pair - Spreads now low as

EUR/CHF - 1
EUR/GBP - 1
EUR/USD - 1
USD/JPY - 1
AUD/USD - 2
CHF/JPY - 2
EUR/JPY - 2
GBP/USD - 2
USD/CAD - 2
USD/CHF - 2

 

Currency pair - Spreads now low as

AUD/JPY - 3
CAD/JPY - 3
NZD/JPY - 3
NZD/USD - 3
EUR/AUD - 4
EUR/CAD - 4
GBP/CHF - 4
GBP/JPY - 4
GBP/AUD - 6

 

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