Rakuten Securities Australia axes Gold spreads
Online trading company Rakuten Securities Australia is improving the trading conditions for its clients.
Today, the brokerage announces that it will reduce Gold spreads by 30%. The offer will be valid for one month only – from November 8, 2021, to December 7, 2021.
The spreads will be reduced from their current level of 2 pips to 1.4 pips. Please note that these are average spreads and, hence, they may vary.
Let’s recall that, in June 2021, the brokerage made more products available to trade for its clients. The lineup of additions includes:
- UK Crude Oil
- US Crude Oil
- UK Crude Oil +$100
- US Crude Oil +$100
- SPA35 (Spain 35)
US Crude Oil+$100 and UK Crude Oil+$100 track the movement of WTI and Brent and offset their price, remaining as live products even in the case that it drops below 0. These products are rebased at $100. This means, should spot price fall into negative territory, for example -$5 USD, the pricing will reflect this at $95.