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ThinkForex Cuts Spreads on All Major Currency Pairs

Jan 03 2013
By
Forexbrokerz.com

The New Zealand broker ThinkForex crossed the finish line of 2012 with flying colors – it obtained an ASIC license and opened Australian operations. At the beginning of 2013, more good news are coming our way from ThinkForex: it is decreasing the spreads on all major currency pairs.   

 

Lowering spreads has been trending for the past few months. In the last quarter of 2012 one of the worlds’ biggest brokers, FXCM, began offering dealing desk execution along with the NDD one in order to cut its spreads worldwide, and it was soon followed by a number of other brokers such as RoboForex,FxSol and Liquid Markets for example. 

 
Pro account holders can now trade with spreads as low as 0.2 pips, and the Standard account spreads are pretty tight as well, take a look yourself: 
 
Pro Account:
 
- EUR/USD: 0.2 pips
- USD/JPY: 0.4 pips
- GBP/USD: 0.6 pips
- USD/CHF: 0.4 pips
- AUD/USD: 0.2 pips
 
 
Standard Account: 
 
- EUR/USD: 0.8 pips
- USD/JPY: 1.0 pips
- GBP/USD: 1.2 pips
- USD/CHF: 1.0 pips
- AUD/USD: 0.8 pips
 
Pro accounts with ThinkForex require a significantly higher initial deposit - $5,000 vs. the $2,500 minimum deposit requirement of the Standard account type, and the Pro leverage is limited to 1:100 (it’s 1:500 for Standard) – but the Pro level is obviously aimed at more experienced traders who deal with higher trading volumes and therefore benefit greatly from the tighter spreads.
 
The new Standard spreads, however, still fall below the average for the industry, so even if you hold one of these accounts, you will still trade with an edge.
 
"We deliver some of the tightest spreads in the Forex market, allowing our clients to get more out of their Forex trading experience. Our low currency spreads are available to clients because of our strong partnerships with multi-bank top-tier liquidity providers," said ThinkForex’s managing director Faizan Anees.  
 
As we recently reported, ThinkForex is following a sustainable expansion plan - and we expect to see an European office of the broker soon. With its cut spreads, good execution and decent trading instruments offering, it can easily get ahead of the competition. 
 
 

About ThinkForex

 
ThinkForex is a leading international Forex broker with headquarters in New Zealand. 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. For more information, please visit ThinkForex Australia.

 

TAGS: ThinkForex  forex broker  forex spread  pips  forex account  forex trading  forex leverage  FXCM  FXDD  RoboForex   

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