Rakuten Securities axes spreads on several currency pairs
Japanese FX and CFD broker Rakuten Securities, a part of Internet services provider Rakuten (TYO:4755), is enhancing the trading conditions for its clients.
In a notice on its website, the broker announces that, effective June 7, 2021, traders can make use of tighter spreads on three currency pairs: ZAR/JPY, MXN/JPY, and CNH/JPY.
The company explains that the change is in response to requests from many customers.
- The spread on ZAR/JPY is reduced 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.
In the meantime, the broker continues to expand its offering. The company has enlarge its CFD lineup from mid-May 2021 by adding commodity CFDs to its offering.
The first commodity CFDs to join the lineup of trading instruments available to Rakuten Securities clients are CFDs on Gold and Silver. The company plans to introduce CFDs on crude oil too, but the date of the launch is undecided yet.
Clients of Rakuten Securities will be able to trade commodity CFDs on the MetaTrader 4 (MT4) platform. The leverage will be 20x.
Let’s recall that, earlier this year, the brokerage introduced trading in CFDs based on stock indices.