Tightest Forex Spreads
According to GFT, spread betting investors are now well positioned to maximise the current volatility in the forex markets given that the firm has reduced their minimum spreads across a range of major currency pairs.
GFT Markets account holders can now trade the euro/dollar rate with spreads from as low as 0.6pts and the euro/sterling rate from as low as 0.8pts.
GFT Markets say that their spreads are better than the equivalent minimum spreads offered by other leading spread betting providers such as City Index, CMC Markets and IG Index.
Tightest Forex Spreads – Forex Comparison**
| || GFT Markets || City Index || CMC Markets || IG Index |
| Euro/Dollar || 0.6 || 1 || 0.7 || 0.8 |
| Sterling/Dollar || 0.8 || 1 || 0.9 || 1 |
| Dollar/Yen || 0.8 || 1.4 || 0.7 || 0.8 |
| Euro/Sterling || 0.6 || 1 || 0.9 || 1 |
** Forex comparison notes:
- Data supplied by GFT
- Spreads listed refer to ‘minimum’ or ‘as low as’ spreads
- City Index spreads refer to Daily Funded Trades
- Data is available on each respective provider’s website and is correct as of 12-Jun-12
- Actual spreads may vary and/or change during out-of-hours trading or volatile market conditions
- Note that whilst CleanFinancial also compares forex spreads these are normally based upon the ‘typical’ spreads that are available rather than ‘minimum’ or ‘as low as’ spreads
Tightest Forex Spreads with GFT
The ongoing sovereign debt crisis in Europe, and the very real prospect of a member state leaving the Eurozone, has spurred a lot of interest in the forex markets.
GFT has seen a 50% increase in EUR/USD transactions over the last six months, as spread betting account holders look to trade in this increasingly volatile market.
According to GFT’s Director of Global Product Management, Martin Slaney, “The steady stream of high profile fundamental announcements concerning the future of the Eurozone has resulted in some defined price action. This in turn has delivered some excellent trading opportunities for spread betting investors.
“GFT’s reduced spreads on major forex pairs provide clients with an optimal position from which to capitalise on current and future developments.”
Clients can trade over 120 different currency pairs ranging from euro/dollar and sterling/dollar, to the more exotic forex crosses such as Swedish Krona/Polish Zloty (SEK/PLN) and US Dollar/Romanian Lei (USD/RON).
GFT also offers competitive spreads on over 2,900 markets from commodities to shares, and from stock indices to treasuries.
GFT Markets are a leader in derivatives trading and are most known for the award-winning DealBook platform which is available via the web as well as for mobile trading and iPad trading.
GFT provides clients with the “opportunity to speculate and trade a broad range of markets, quickly, efficiently and securely”. The firm provides options for automated trading as well as 24/7 customer service.
Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'Tightest Forex Spreads' by GFT, updated 27-Jun-12
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