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ThinkForex Cuts Spreads on Spot Gold and Silver Trading

Jul 15 2013
By
Forexbrokerz.com

This July, ThinkForex is on fire – it's still the middle of the month and the broker has already managed to introduce a number of improvements to its services – a new webtrader, an analysis blog, new account types, and a Refer-A-Friend program. One would think that with all this done, the broker would go on vacation somewhere in the Northern hemisphere for the rest of the month, lie on the beach and keep cocktails coming. 

 
Instead, the broker has decided to stay in Australia, where it's currently winter, and come up with more ideas on improving its offering. The latest one? ThinkForex is cutting the spreads on its Gold and Silver pairs. 
 
As of now, the spread on the Gold vs. US dollar pair is as low as 20 pips - way below the industry average which ranges between 35 and 60 pips. Forex.com's spread for the same pair, XAU/USD, for example, is 35 pips. The only other broker supporting such a low spread for Gold is FXDD.
 
The other match that ThinkForex offers on Gold is versus the Euro, and the new spread on the XAU/EUR is 50 pips, against Forex.com's 61 pips. 
 
When it comes to silver trading, ThinkForex's spread is average – about 2 cents, the same as the spread over at Forex.com. 
 
"Our exceptional partnerships with all out top-tier liquidity providers allow us the ability to offer traders some of the best metal trading conditions in the market today," commented on the change Faizan Anees, Managing Director for ThinkForex. "With our trading servers being hosted on the same grid as major international banks and liquidity providers, we are able not only to provide exceptional superior execution, but also lower transactional cost,” he added. 
 
The low spread is not the only benefit of trading spot metals with ThinkForex – the broker offers traders leverage between 1:50 and 1:500, when most of the other brokerages would only go as high as 1:100 or 1:200 when it comes to precious metals. Another advantage is that metals (which by the way include Platinum and Copper as well as Gold and Silver) can be traded on all the platforms offered by ThinkForex – MT4, ZuluTrade and Mirror Trader. 
 
 

About ThinkForex

 
ThinkForex is a leading international forex broker headquartered in Melbourne, Australia. It offers traders extremely fast, low latency NDD execution, competitive spreads, swap-free accounts and full hedging. The broker’s customers enjoy excellent promotions on a regular basis, and its highly professional customer support team is available around the clock.
 
ThinkForex was named "Fastest Growing FX Broker" at the MENA Forex Awards 2012 in Dubai and "Best Forex Customer Service" at the UK Forex Awards 2012 in London. 
TAGS: forex broker  forex trading  forex  spot gold  spot silver  precious metals trading  ThinkForex  forex spread 

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