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FXDD Reduces Spreads on Gold

Feb 21 2013
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A couple of months ago, US-based foreign exchange dealer FXDD announced that it was reducing its spreads for currency trading. Now, the company is taking things a step further with a new announcement. FXDD has now lowered spreads on Gold, too. From now on, customers wishing to trade in XAU/USD will have the benefit of spreads as low as 20 pips
 
According to the FXDD press release, the company is convinced the new trading conditions for Gold will provide a unique opportunity for traders. In the Gold market, spreads of 50 pips are considered competitive – so it seems FXDD does have a reason to be proud of its 20 pips offer. 
 
To be honest, these new spreads on Gold are definitely quite low compared to what some of the biggest brokers out there have to offer. For example, Liquid Markets offers two types of spreads for its two types of accounts – 45 pips for a Premium account and 60 pips for a Mini account. FXCM's offer is 50 pips, and XE Markets go even higher: 53 pips spread for clients wishing to trade in Gold. 
 
Although their spreads are still higher, Forex.com and OANDA come somewhat closer to FXDD's new offer, with spreads of 35 and 25 pips respectively. Considering all this, FXDD's new, lower spreads on Gold should have enthusiastic traders lining up to open up an account.  
 
 

About FXDD

 
FXDD, a Foreign Exchange Dealer registered with the CFTC and a member of the National Futures Association (NFA), is headquartered in New York City's 7 World Trade Center. FXDD is a leader in online Forex trading dedicated to providing superior customer service, powerful trading technology, and reliable streaming liquidity. FXDD provides services to individual and institutional traders, hedge funds, commercial entities, brokerage firms and money managers around the world. FXDD offers 24-hour Forex trading by way of its trading platforms, which include: MetaTrader, PowerTrader, Mirror Trader, and FXDDTrader. The Company's services currently provide competitive interbank pricing, no-interest accounts, and fully-automated execution. FXDD also provides 50:1 leverage in the US, as well as competitive bid-to-ask spreads.
 
TAGS: fxdd  gold  xau  xauusd  forex trading  trading gold 

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