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Forex Broker Alpari Cuts Spreads on Gold

Alpari UK, the global Forex and CFD broker, has just reduced the minimum spreads on the XAU/USD pair, which we all know simply as Gold, making them even more competitive than before. The change took effect last night and affects the Micro, Classic and Pro accounts with the broker. 

 
Starting from 23:00 (UK time) on August 11, 2013, the minimum spreads on Gold for Micro and Classic accounts are 40 cents, instead of previous levels of 50 cents. Let me remind you that the among the differences between the Micro and Classic accounts is the minimum trade contract size – the first type allows trading with micro lots, while the latter allows trading with mini lots. 
The change in spreads is most beneficial for owners of Pro accounts – the minimum spread has been decreased from 40 cents to 30 cents, but don't forget that Pro accounts require minimum trading volumes of standard lots. 
 
One thing should be noted straight up: that the cuts refer to minimum spreads while nothing is said of average spreads, which are also an important factor in trading. 
 
On the brighter side, the latest move by Alpari UK takes its spreads close to the record low offer by Think Forex, whose spreads on XAU/USD for Standard and Pro accounts are at meagre 20 cents. As you see, Alpari is aggressively approaching this level.
 
To give you some idea of how spreads on Gold vary in the sector, I'll tell you that anything below 50 cents is considered competitive. For example, the offer of XM for Gold implies minimum spreads of 40 cents. The spread for the shining pair from Mayzus on its STP accounts is also around 40 cents. 
 
The most recent move by Alpari underlines its strife for securing its clients comfortable and competitive trading conditions – the broker has been cutting commissions, reducing swaps, offering various promotions, etc. All of these efforts have already translated in record trading volumes and it seems that the company cannot help progressing. 
 
 

About Alpari

 
Founded in 1998, the international Alpari brand is one of the leading names in online Forex trading and was recently listed as the world's third largest broker in a 2012 report from online financial portal Forex Magnates, with an average monthly trading volume of more than 200 billion US dollars.
 
Alpari has earned the trust of hundreds of thousands of clients in more than 150 countries across the world, thanks in large part to its reputation for delivering high-quality products and top-notch customer support. The Alpari brand is represented in many of the world's leading centers of commerce, with offices in New York, London, Tokyo, Dubai, Frankfurt and Moscow.
TAGS: alpari  alpari uk  alpari uk forex broker  forex trading  forex trading conditions  spread  spread reduction  forex spot gold  gold trading  gold  xau  xauusd 

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