, the European FX broker, today made a nice gift to all the traders using its services by reducing the spreads on all XAG pairs by 18% to new, even lower levels.
The change, effective from September 18th, lowers the spread on XAG/USD, or as we know it – Silver, to meagre 5.5 cents. You may argue that the spread is not so low, given that some brokers offer spreads on the same instrument that start from as low as 3 cents. But, please, pay attention to the fact that Trading 212 offers fixed spreads on Silver, which means that they will not be affected by sudden market swings and will not widen to threatening sizes during releases of major news. Well, yes, the offer by Trading 212 falls below that of the champion in low Silver spreads FOREX.com
, whose spread on XAG/USD is 2.5 cents, but is still quite suitable for traders who like to use methods like scalping.
But the spread-cutting applied to all XAG pairs, as we stated above. Thus, the fixed spread on XAG/EUR is now lower at 7.5cents and the one on XAG/GBP has been axed to 7.7 cents. The change has also affected XAG/AUD, XAG/BGN, XAG/CAD, XAG/CHF, XAG/JPY, and XAG/NZD: you can now trade these pairs with lower fixed spreads.
And if you think this is the end of the broker's wielding of its axe on spreads, you're wrong – the floating spreads for XAG/PLN, XAG/RON and XAG/TRY, now start 18% below the previous levels. That's of course, if you like to trade with less popular instruments.
The Silver spread reduction comes less than two months after Trading 212 reduced the bid/ask price difference for the popular EUR/USD pair
to a fixed level of 1.9 pips. The latest move marks a nice tendency in this broker's strategy – it does not simply dance around its clients, seducing them with dubious offers; instead it simply does what is best for any trader.
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 findinf their way around the intuitive and user-friendly platform.