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ThinkForex Launches USD/TRY Trading

ThinkForex, the Australian Forex and CFD broker, continues to expand its offering, and has just announced the addition of USD/TRY to the line-up of currency pairs of which its clients can make use.

 
The broker promises that trading with the Turkish lira will be available on all the platforms it supports, but for the time being only owners of MT4 accounts can trade the pair. The support team say that USD/TRY will soon be available on cTrader too. For those of you who'd like to trade the pair, but cannot see it in the MT4 list of instruments, right click on “Market watch” and then scroll down – you'll see the pair amid the latest additions. 
 
The spreads are variable, which may loom as a threat to some of you who know how these may inflate around major news releases. On the other hand, most Forex brokers offering trading with this pair offer variable spreads too. After a quick look at these, I can warmly advise those of you who shun large changes in spreads to trade during the European session. Another piece of relief is that from my observation the spread hovers between 5 and 7 pips on average, which is a rather nice level. (I've seen the spread balloon to 50 pips with some brokers).
 
Some of you may be wondering why the broker is opting for the addition of this particular pair. I'd point one major reason for that: many of the investors seek to profit from the recent volatility of the USD/TRY pair due to the Syrian conflict. And, in a more traditional plan, there are worries about the policy of the US Federal Reserve, which leads to attracting money from emerging markets.
 
If you decide to trade with the pair live, bear in mind that ThinkForex offers three types of accounts – Standard, Pro and Algo, depending on the size of your investment portfolio and ambitions.
 
 

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: thinkforex  think forex  thinkforex broker  thinkforex platforms  forex trading  forex currency pairs  usdtry  usd/try  turkish lira  variable spreads 

More news about ThinkMarkets

Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

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