Forex and CFD trading services provider Tickmill has just announced that it is significantly reducing spreads across all majors and gold. The company has taken extensive measures to enhance its aggregation software.
The group has provided an indication to the changes in spreads below:
| Previous Spread | Typical Spread Now |
Change | |
| EURUSD | 0.2 | 0 | -100% |
| GBPUSD | 0.7 | 0.2 | -71% |
| USDJPY | 0.2 | 0.1 | -50% |
| USDCAD | 0.6 | 0.2 | -67% |
| AUDUSD | 0.4 | 0.1 | -75% |
| USDCHF | 0.7 | 0.3 | -57% |
| NZDUSD | 0.7 | 0.3 | -57% |
| GBPJPY | 1.1 | 0.9 | -18% |
| EURJPY | 0.7 | 0.2 | -71% |
| EURGBP | 0.5 | 0.3 | -40% |
| XAUUSD | 0.12 | 0.07 | -42% |
This next development in Tickmill’s product offering will enable clients to manage their capital effectively by minimizing transactions costs.
Duncan Anderson, Tickmill
Duncan Anderson, CEO of Tickmill UK Ltd, commented on the news:
Reducing spreads should have a major impact on our client’s trading experience. In combination with the extensive work that our brokerage department has undertaken to reduce spreads and swaps – we aim to accommodate clients employing a huge range of trading strategies.
For example, high-frequency traders who trade intraday on short time frames will benefit from the spread reductions. Whereas lower frequency traders with longer time frames can benefit from our low commissions, dependent on trade volume. It’s a solution that we wanted to employ to satisfy our clients, no matter their approach.
More news from Tickmill can be seen below: