Japan forex broker SBI FX Trade extends reduced spreads campaign


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
SBI informed that the above campaign spread is not fixed and liable to change. It is inevitable due to circumstances such as natural disasters such as earthquake disasters, other external factors) and situations where the liquidity of the market is declining (first weekend, weekend, year-end and new year, Christmas season, etc.) Sometimes spreads deviate from their historical norms in which SBI would have to adjust for.

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.

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Japan forex broker SBI FX Trade extends reduced spreads campaign

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