FX Solutions reduces currency pair spreads
Saddle River (New Jersey), August 26, 2010
FX Solutions, one of the world’s leading retail Forex brokers and market makers, has announced a reduction of its currency pair spreads.
The spread cuts are effective immediately. These cuts reaffirm the company’s commitment to both listening to clients and providing them with the best possible trading experience, combined with the lowest effective spreads, a company statement said.
FX Solutions remains the only Forex provider of fixed bid/ask spreads under all market conditions, regardless of market volatility, it added. With FX Solutions clients are guaranteed price spread certainty, it said.
Spreads have been lowered in some of the most popular pairs, such as the GBP/USD, EUR/GBP, and USD/CAD, by 20 per cent, with other spreads cut by as much as 55 per cent. A total of 20 pairs are being changed.
The company has an exclusive partnership with ICAP, the world’s premier interdealer broker and the owner of EBS. The EBS platform is considered by many to be the most accurate source of Forex pricing and is the most widely used trading platform in the Interbank FX Market.
FX Solutions is the only retail Forex broker with direct access to the EBS servers and price feed and passes on this pricing directly to its clients without the involvement of banks and middle-men. FX Solutions clients receive the true forex price directly from its source, devoid of latency or manipulation, the statement said.
“Price certainty is key in trading. Low, fixed spreads in all markets – that’s the FX Solutions message,” said Michael Cairns, CEO of FX Solutions.
“Unlike many of our competitors, we don’t advertise ‘spreads as low as this or as high as that’, our spreads are always fixed, always certain and always available,” he added. – TradeArabia News Service
More Finance & Capital Market Stories
- Gulf stocks surge as Fed tapering adds fuel to fire
- SABB launches graduates programme
- NBAD names key official for Hong Kong
- Commercial Bank of Dubai obtains $450m loan
- EFG Hermes names group co-chief
- Islamic bond issuance in GCC picking up
- Kuwait budget surplus likely to hit $42.4bn
- Bahrain banking sector on road to recovery
- GCC banks' outlook stable, says report
- GBSA panel names new chairperson