Spread Cuts on Forex

GIBRALTAR, February 23, 2012 /PRNewswire/ --

We are reducing the trading cost

InterTrader.com

Across the board spread cuts on forex: USD/JPY fixed at just 0.8 pips

Spread betting and CFD provider InterTrader.com today announced sweeping spread cuts across its range of currency markets.

The cuts take effect from Wednesday 23rd February,significantly reducing the cost of trading on the following forex pairs:

                                        Currency Old    New    Currency Old    New
    Currency Pair Old Spread New Spread Pair     Spread Spread Pair     Spread Spread
    AUD/CHF           8          5      GBP/CHF    8      5    USD/CZK    80     34
    AUD/SGD           12         8      GBP/JPY    8      3    USD/DKK    30     20
    CAD/JPY           6          5      GBP/NZD    15     14   USD/JPY    1     0.8
    CHF/JPY           4          3      GBP/ZAR    40     24   USD/MXN   200     88
    EUR/CAD           10         8      NZD/CAD    12     8    USD/NOK    80     50
    EUR/CHF           4          3      NZD/CHF    8      6    USD/PLN    50     40
    EUR/JPY           3         1.8     NZD/JPY    8      6    USD/SEK    80     50
    EUR/NOK           80         50     NZD/USD    4      2    USD/SGD    12     4
    EUR/NZD           24         16     SGD/JPY    10     8    USD/ZAR    15     19
                                                                Note: all contracts
    EUR/SEK           80         50     USD/CAD    4      3      are Rolling Daily
    EUR/ZAR           40         20     USD/CHF    4      2

All forex spreads are fixed* at the levels published by InterTrader.com during trading hours. This means that even during volatile market conditions, clients can still trade at the above spreads the vast majority of the time.

*From January to September 2011, spreads were fixed over 99.9% of the time.

Please note that spread betting and trading CFDs both carry a high level of risk and you can lose more than your initial deposit, so you should ensure spread betting and CFD trading meet your trading objectives and, if necessary, seek independent financial advice.

About InterTrader

InterTrader.com provides a suite of products and tools to help clients back their judgement in the financial markets.

Their service covers shares, indices, forex, commodities and more, and is supported by a free suite of trading tools such as live market news, trading signals, expert research and a trader education programme.

Quite simply, InterTrader.com aims to provide one of the best-value trading packages around.

InterTrader.com is a trading name of London Capital Group, which is authorised and regulated by the UK Financial Services Authority. Registered address: 2nd Floor, 6 Devonshire Square, London, EC2M 4AB.

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.

 

SOURCE Intertrader.com