Monex Inc, the Japanese Forex broker which is a part of Monex Group, Inc. (TYO:8698), has announced a spread-cutting campaign that will cover positions in 13 currency pairs on tradable.
The campaign started on March 7, 2016, and will last until April 30, 2016. The company notes that it may extend the spread-cutting period, in case it sees fit.
The spreads will be reduced on some of the most popular trading instruments, including USD/JPY, where the spread will be 1.2 pips, as well as EUR/USD and GBP/USD.
Monex is the first Japanese FX broker to offer trading on tradable – live trading on the platform became available in November 2014. The company launched mobile applications for trading on tradable in September 2015.
Meanwhile, other Japanese Forex brokers are cutting spreads too. GMO Click recently extended its spread-reduction campaign period until April 8, 2016.
You can see details about the reduced spreads offered by Monex below:
You can view the full announcement from Monex by clicking here.