AppId is over the quota
LONDON, ENGLAND, May 17, 2012 /24-7PressRelease/ -- Financial Spreads, the spread betting and CFD trading company, has reduced the spreads on 30 forex markets.
The UK firm lets investors speculate on a wide range of forex markets. Financial Spreads does not charge any commissions or broker's fees, instead their charges are built into the 'spread', i.e. the difference between the sell price and the buy price. The wider the spread, the more it costs an investor to trade.
To lower the cost of trading for investors, Financial Spreads has reduced the spreads on 30 forex markets irrespective of whether the investor is trading through CFDs or spread bets. Updated markets include:
Forex Market: Old Spread, New Spread
CHF/JPY: 4 points, 3 points
EUR/CHF: 4 points, 3 points
EUR/JPY: 3 points, 1.8 points
GBP/JPY: 8 points, 3 points
NZD/USD: 4 points, 2 points
USD/CAD: 4 points, 3 points
USD/CHF: 4 points, 2 points
USD/JPY: 1 point, 0.8 points
USD/SGD: 12 points, 4 points
According to www.FinancialSpreads.com spokesman, Adam Jepsen, the new pricing will complement the existing service.
"We already have a highly competitive forex service and offer one point spreads on very popular forex markets like EUR/USD and EUR/GBP. Naturally we also offer live, professional level charts for all our markets.
"Not only that, but clients can take advantage of our tight spreads throughout the day and night. Our forex markets are available 24 hours a day from Sunday evening to Friday evening and the spreads are fixed. That is to say, the spreads do not change or get wider during normal market conditions, nor do they get wider during out of hours trading. Please note however, that spreads may vary in extreme market conditions."
Financial spread betting and CFD trading carry a high level of risk, these investment products are leveraged and you can lose more than your initial deposit. Before trading with these products, investors should ensure financial spread betting and CFD trading meet their investment objectives and seek independent advice if necessary.
About Financial Spreads
In addition to forex markets, Financial Spreads offers both CFDs and financial spread betting on shares, commodities, stock market indices and treasuries. Clients can trade via http://www.financialspreads.com/ and over the phone. With both spread betting and CFDs, investors can speculate on markets to go up or down.
Financial Spreads is a trading name of London Capital Group Ltd (LCG) which is authorised and regulated by the Financial Services Authority. LCG is a company registered in England and Wales under registered number: 3218125. Registered address, 2nd Floor, 6 Devonshire Square, London, EC2M 2AB.
The information and comments provided herein under no circumstances are to be considered an offer or solicitation to invest and nothing herein should be construed as investment advice. The information provided is believed to be accurate at the date the information is produced.
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