LONDON, Oct. 26, 2016 /PRNewswire/ -- 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
Spread
|
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%
|
About City Index
City Index is a world leader in CFD trading and spread betting
(UK), delivering fair and transparent pricing and quality trade
execution to retail investors across 10,000 FX, index, commodity
and equity markets.
City Index is operated by GAIN Capital (NYSE: GCAP), a global
leader in online trading services. GAIN Capital provides best in
class electronic access to OTC and exchange-traded markets to a
diverse client base of retail and institutional investors. Founded
in 1999, the company today supports customers in over 180 countries
via several globally recognized brands, including FOREX.com, City
Index and GTX. GAIN Capital is headquartered in Bedminster, New Jersey, with a global presence
across North America, Europe and the Asia
Pacific regions. For further company information, visit
www.gaincapital.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/city-index-tightens-major-fx-spreads-300351613.html
SOURCE City Index