LONDON, June 5, 2014 /PRNewswire/ --
Variable forex spreads are the latest addition to WorldWideMarkets' full range of tradable instruments - including fixed spread forex trading, US stock trading, CFD's, and Currenex institutional forex trading. WWM's advanced trading tools include the acclaimed AlphaTrader platform, MetaTrader and IB Explorer, a revolutionary Introducing Broker administration tool.
WorldWideMarkets Online Trading, a leading online foreign exchange broker, today announced the launch of variable rate trading in spot forex, metals and CFDs on its MetaTrader platform, featuring low spreads and virtually no slippage. Adding variable spreads broadens WWM's value proposition to a larger group of forex traders.
Traders can now choose either a fixed or a variable trading account in WWM's MetaTrader offering. Variable spread trading is popular with the majority of forex traders because spreads tend to be lower during strong liquidity. Depending on market conditions and trading style, variable spreads can result in lower overall transaction costs.
WorldWideMarkets' historical focus on fixed spreads, where the bid ask spread is the same at all times, even during extremely volatile markets, is rooted in the preferences of professional traders. The certainty of fixed spreads eliminates the risk of being executed at a much wider price than normal and protects a trader's stop or limit order from being executed due solely to a widened spread.
"Our core customers highly value the reliable fixed spreads that our price discovery technology has enabled in all market conditions over the years. Now, with the launch of our variable spreads product, traders that strongly prefer variable spreads can access the unequaled quality of execution that WWM customers have always enjoyed," said Thomas Plaut, CEO of WorldWideMarkets Online Trading.
WorldWideMarkets Online Trading provides online trading in spot Forex and commodities, institutional FX through Currenex, US Stocks and Options and a range of Managed Account investments. To ensure the highest level of security to its customers' funds, WorldWideMarkets has established regulatory hubs in both North America and Europe, including an EEA authorized entity of the Financial Conduct Authority (FCA) in the UK. In addition, WorldWideMarkets, Ltd. is licensed and regulated by the British Virgin Islands Financial Services Commission. For more information on currency trading online, please visit our corporate website at http://www.worldwidemarkets.com.