SBI FX Trade Co., Ltd. established as a pure-play forex brokerage company from Japan-based financial services group SBI Holdings Inc (TYO: 8473) announced today an extension of their spreads campaign now through Saturday 14 October.
Since Monday 28 August, SBI FX Trade decreased their spreads by 61% on 8 currency pairs to extremely thin margins by industry standards, it is the largest campaign in the broker’s history.
Schedule of Spread Reduction Campaign
| Target currency pair | Order Quantity | Current Spread |
Campaign Spread |
|
| Euro / yen | 1 to 10,000 currencies | 0.69 yen | ⇒ | 0.39 yen |
| 10,001 – 1,000,000 currencies | 0.99 yen | ⇒ | 0.49 yen | |
| Pounds / yen | 1 to 10,000 currencies | 1.19 Sen | ⇒ | 0.89 yen |
| 10,001 – 1,000,000 currencies | 1.29 yen | ⇒ | 0.99 yen | |
| Australian dollar / yen | 1 to 10,000 currencies | 0.77 Q | ⇒ | 0.59 yen |
| 10,001 – 1,000,000 currencies | 0.88 yen | ⇒ | 0.69 yen | |
| NZ dollar / yen | 1 to 10,000 currencies | 1.79 yen | ⇒ | 0.99 yen |
| 10,001 – 1,000,000 currencies | 2.19 Sen | ⇒ | 1.19 Sen | |
| Canadian dollar / yen | 1 to 10,000 currencies | 1.79 yen | ⇒ | 1.69 yen |
| 10,001 – 1,000,000 currencies | 2.19 Sen | ⇒ | ||
| Swiss franc / yen | 1 to 10,000 currencies | 2.39 sen | ⇒ | 1.79 yen |
| 10,001 – 1,000,000 currencies | 2.79 yen | ⇒ | ||
| Turkish / yen | 1 to 10,000 currencies | 4.80 yen | ⇒ | 1.89 yen |
| 10,001 – 1,000,000 currencies | 4.80 yen | ⇒ | 2.89 yen | |
| Renminbi / yen | 1 to 1,000,000 currencies | 2.58 yen | ⇒ | 1.79 yen |
Investors on SBI FX Trade are able to start trading with small amounts, such as a margin of 4￥ on one U.S. dollar (assuming an exchange rate of 100￥ to the dollar). They also meet the needs of experienced and professional investors by handling orders up to a maximum ￥10 million currencies. The spread campaign is increasingly interesting to heavy traders who deal heavy volume.