, the European Forex and CFD broker, today announced a cut by 0.4 pips in the spreads on the EUR/USD pair, meaning that the bid/ask spread is now reduced to humble 0.9 pips.
The change refers to EUR/USD Pro, which means two things: the trade contract size of the position needs to be at least 10,000 currency units (or a mini lot, as we know it) and that the spreads are floating. Please, don't start to frown when you hear of the floating spreads
- we know that they are not among every trader's favorite as they may widen during news releases or other major market events.
Trading 212 has thought about these disadvantages of the variable spreads and has found a way to tackle them. There is a cap of 3 pips for the EUR/USD Pro spread – hence it will not grow to levels that will eat into your profits. Second, the new tighter levels of 0.9 pips concern the typical spread – the broker promises that this level would be maintained through most of the time.
Some of you may object that there are other Forex brokers that offer tight spreads for the EUR/USD pair and these claims have their ground. You can check a list of Forex brokers offering some of the smallest spreads in the industry here
. But Trading 212 stands out in this crowd with some exquisite order execution which practically eliminates slippage. Hence, your profits gain extra protection.
This said, let's also note the lucrative trading conditions which the broker offers: you can open a live account with as little as $150, and make use of STP execution, no-commission trading and a leverage of up to 1:100.
In case you'd shun the EUR/USD Pro, but you'd like to test your trading abilities with the most popular trading pair in the world, you may trade with the EUR/USD pair with Trading 212. The broker allows trading with the EUR/USD with a minimum trade contract size of 1,000 units (micro lot) and offers a tight fixed spread of 1.9 pips. Choice is yours!
In conclusion, we must acknowledge Trading 212's reputation for tightening spreads. The previous cut
in the EUR/USD bid/ask price difference was only in July this year. The broker has not limited its efforts to offer some of the most competitive spreads out there to popular currency pairs and in September trimmed the spreads on Silver
pairs by 18%, bringing the spread on XAG/USD to humble 5.5 cents.
Add to this the customer-friendly web-based platform of the broker (which also comes in a new version for Android devices), and we can safely give Trading 212 thumbs up for its customer-oriented approach.
About Trading 212
Trading 212 is a well-regulated European broker with outstanding trading conditions and highly professional customer support team. Trading 212 customers can trade currencies, commodities, CFDs and stock.
The broker's biggest advantage is its proprietary web-based trading platform that is designed with usability in mind - even a complete beginner will have no difficulties finding their way around the intuitive and user-friendly platform.