FXOpen Cuts Forex Spreads By 40%

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Written By
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Written By
William Berg
Securities Law Expert
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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James Barra
Head of Content
James is Head of Content and a brokerage expert with a background in financial services. A former management consultant, he's worked on major operational transformation programmes at top European banks. A trusted industry name, James's work at DayTrading.com has been cited in publications like Business Insider.
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Fact Checked By
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Tobias Robinson
CEO and Head of Broker Testing Panel
Tobias is the CEO of DayTrading.com, an active investor, and a brokerage expert. He has over 30 years of experience in financial services, including supervising the reviews of more than 500 trading brokers, and contributing via CySEC to the regulatory response to digital options and CFD trading in Europe. Tobias' expertise make him a trusted voice in the industry, where he's been quoted in various financial organizations and outlets, including the Nasdaq.
Updated

FXOpen has enhanced its ECN trading capabilities to reduce spreads on its selection of forex assets. As a result, the popular FX and CFD broker is now offering some of the lowest trading costs in the industry.

Tight Spreads

The reduction in fees is particularly good news for active traders employing scalping strategies and high-frequency trading systems. Improved profit margins across a large volume of trades will add to returns over the long term.

Average spreads on popular forex pairs now come in at:

  • EUR/USD – 0.2 pips
  • AUD/USD – 0.3 pips
  • USD/JPY – 0.4 pips
  • USD/CAD – 0.5 pips

FXOpen reduced forex spreads

FXOpen UK Chief Operating Officer, Gary Thomson, commented: “These tighter spreads have been introduced to save traders money with 13% of price updates resulting in a choice price in EUR/USD.”

Thomson added: “FXOpen continues to bring our clients tight spreads and excellent execution, with more improvements to liquidity planned over the summer. We look forward to updating our clients about these exciting developments.”

ECN Trading

The technology underpinning ECN trading enables brokers to offer tighter spreads and faster executions alongside higher leverage.

Electronic Communication Network (ECN) brokers essentially allow traders to enter competing bids against each other. Instead of orders being passed to market makers who take the opposite side of a trade, ECN platforms match buyers directly with sellers.

Importantly, ECN brokers are major sources of liquidity for retail investors vs big market makers like hedge funds and large banks. ECN trading solutions are particularly popular with forex investors, providing greater transparency.

About FXOpen

FXOpen is an award-winning online broker regulated by the Australian Securities & Investments Commission (ASIC) and the UK Financial Conduct Authority (FCA). The firm started as an education centre before transitioning into a global brokerage in 2005.

The brand offers trading opportunities on over 50 currency pairs, a handful of indices, plus commodities and cryptos. FXOpen supports both the MetaTrader 4 and MetaTrader 5 platforms, plus TickTrader, an ECN trading terminal suitable for beginners and seasoned investors.

Use the sign-up link below to open an account and capitalize on the broker’s ultra-tight forex spreads.

Your capital is at risk. Trade only with funds you can afford to lose.
Established in 2005, FXOpen is a multi-regulated broker that has attracted over 1 million traders. Designed for active trading, it provides access to a growing selection of more than 700 markets and supports high-frequency trading, scalping, and all forms of algorithmic trading using expert advisors (EAs).