LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
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
|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.