ASIC-regulated forex and CFD broker, Pepperstone, has tightened spreads across major forex pairs on the Standard account. The online broker has also cut spreads on its Razor account. The move will be welcome news to active forex traders who could see a reduction in costs and an improvement in profit margins.
New Forex Spreads
Standard account holders will find reduced spreads from 0.6 pips across the following FX pairs:
- AUD/USD – 0.85 average
- EUR/USD – 0.75 average
- GBP/USD – 1.18 average
- USD/CAD – 1.01 average
- USD/CHF – 1.12 average
- USD/JPY – 0.73 average
Razor account holders will also see a fall in forex spreads:
- AUD/USD – 0.17 average
- EUR/USD – 0.09 average
- GBP/USD – 0.38 average
- USD/CAD – 0.27 average
- USD/CHF – 0.35 average
- USD/JPY – 0.19 average
Forex Trading At Pepperstone
Pepperstone is a popular choice among active forex traders. Over 60 currencies are offered alongside top-tier liquidity and rapid executions. Leverage up to 1:30 is available and clients are free to use stop losses with no restrictions.
Pepperstone guarantees no partial executions or requotes with a 99.88% fill rate. There is also no dealer desk intervention. Customer support for FX traders is available 24/5 and 18 hours a day on weekends.
Clients of Pepperstone can analyse the forex market using MetaTrader 4, MetaTrader 5, or cTrader. Each terminal is available on desktop and mobile devices and comes with sophisticated pattern recognition tools, automated trading functionality and advanced technical analysis features.
Pepperstone is already a big name in the forex trading space, holding licenses with major regulators around the world, including ASIC, CySEC, CMA, BaFin, FCA, DFSA and SCB. Unsurprisingly, its latest reduction in spreads across major pairs will be welcomed by many active investors looking to improve returns.