Japanese Forex broker GMO Click Securities, part of GMO Click Holdings Inc (TYO:7177), is extending the period during which its clients can make use of lower fees for on-exchange Forex trading service Click 365 Large.
The broker said today that the offer will last at least until April 29, 2016, which translates into a three-month extension.
GMO Click started offering Click 365 Large on November 30, 2015, being one of the first companies in Japan to launch the service.
Unlike its traditional counterpart Click 365, the new service aims to offer on-exchange FX margin trading to traders who prefer to trade larger volumes. The contract size is 10 times larger than TFX’ current FX margin product “Click 365”. The minimum tick size is 0.1 pip (except for the EUR/USD pair), finer than the one for “Click 365”, where it stands at 0.5 pip.
Click 365 Large offers on-exchange trading in five currency pairs: USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY, and EUR/USD.
GMO Click’s fee-reduction campaign cuts the fee to JPY 700 instead of the usual JPY 900. When a certain volume size is achieved, the fee is further lowered to JPY 500.
You can view the official announcement from GMO Click here.