Greetings everyone. I’ve received a news update from one of my recommended brokers and I wanted to share that with you all. The broker I’m referring to is Dukascopy and no doubt some – if not most – of you have heard about them. The news – and it’s good news – is that they’ve recently reduced their spreads.
Checkout what they say In their newsletter/news update:
Please see the recent evolution of our average EUR/USD spreads during the European trading session:
- October 2012 – 0.57 pips
- January 2013 – 0.51 pips
- February 21st, 2013 – 0.46 pips
A simple calculation suggests that we have achieved a 20% decrease of the EUR/USD spread over the last four months. Our next target is to reach an average level of 0.4 pips for the EUR/USD spread.
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Whether or not you decide to trade on their platform is up to you, but it’s good to hear that if you do you’ll get really competitive spreads.
That’s it for now folks.