Japanese Forex broker GMO Click Securities today announced improvement to trading conditions for its clients. The company is reducing the spreads on some currency pairs.

Effective June 14, 2021, 14:00 (Tokyo time), the broker is implementing lower spreads for South African Rand / Japanese Yen (ZAR/JPY) and Mexican Peso / Japanese Yen (MXN/JPY). The spread on ZAR/JPY trades will be reduced from 1 pip to 0.9 pips, whereas the spread on MXN/JPY will be reduced from 0.3 pips to 0.2 pips.

The change applies to the FX pairs traded via GMO Click’s over-the-counter foreign exchange margin trading platform “FX Neo”.

The change to spreads by GMO Click is announced a week after another Japanese online trading company – Rakuten Securities, also said it was axing spreads on several currency pairs.

Effective June 7, 2021, clients of Rakuten Securities can make use of tighter spreads on three currency pairs: ZAR/JPY, MXN/JPY, and CNH/JPY. Let’s note that the change affects two of the currency pairs for which GMO Click is also reducing the spreads.

Rakuten Securities said it reduced the spread on ZAR/JPY from 1 pip to 0.9 pips. The spread on MXN/JPY is reduced from 0.5 pips to 0.2 pips. The spread on CNH/JPY is reduced from 1.8 pips to 0.9 pips.