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Screenshot of a breaking news alert e-mail from Q2 2017
Japanese online trading services provider DMM.com Securities is cutting spreads on selected currency pairs starting from today.
The move will affect eight trading instruments, including:
NZD/JPY, GBP/USD, AUD/USD, NZD/USD, USD/CAD, EUR/GBP, EUR/AUD, GBP/AUD.
EUR/AUD trades will enjoy the steepest spread reduction – from 2.3 pips to 1.6 pips, whereas the reduction for GBP/USD and AUD/USD will be smaller – from 1.2 pips to 1.1 pips.
DMM.com is not the first Japanese Forex broker announcing spread cuts recently. On December 2, 2015, FXTF said it was cutting spreads on some of the most popular trading pairs on MT4. The pairs covered by the spread reduction are USD/JPY, EUR/JPY, GBP/JPY and AUD/USD. Clients of Monex FX Premium can also make use of lower spreads on four currency pairs: USD/JPY, EUR/JPY, AUD/JPY and EUR/USD.
In the table below, you can find out details about the spread reduction at DMM.com:
You can view the full announcement from DMM.com by clicking here.