CFD Spread for Major Forex Pairs Slashed by IG Markets

(PRWEB) June 13, 2011

Singapore’s number one CFD provider for customer service*, IG Markets, has cut the minimum spread on its most heavily traded currency pairs, which are now available from 1 pip. The EUR/GBP and GBP/USD pairs will add to already low spreads for other major forexpairs, of which AUD/USD, EUR/USD. USD/JPY, are all available from just 1 pip.

The world’s most traded market, forex is used to speculate on the strength of one currency against another. Not only do IG Markets’ clients benefit from tight spreads on forex. Also a pro-level real-time charting package and both simple and complex order types. IG Markets also offers Forex Focus, a twice daily forex market analysis which makes a thorough examination of moves in the AUD/USD, EUR/USD, GBP/USD and USD/JPY, while IG Markets clients trading forex in high volume receive automatic commision rebates.

Forex Trading – How to Deal with Currency Trading Volatility

You'll read a lot about the advantages of trading currencies - yet most traders tend to turn advantages into disadvantages - due to a lack of understanding. That's why 95% of currency traders lose money - and there's one thing in particular that wipes out more trader equity than anything else - volatility! Most forex traders simply can't deal with volatility.

Volatility, Deal with it or lose Money

Currencies are volatile, and in theory you can trade for thousands in profits every day, but the reality is:

Most traders make fundamental errors when trying to deal with volatility - and they're wiped out. The main error they make is with stop placement. These traders are so keen to avoid risk, that they actually create it. They do this by placing their stops incorrectly - thus giving themselves no chance of winning.

Volatility is also more of a problem to deal with when you use leverage. Many forex brokers will grant up to 400:1 leverage - and if you can't deal with volatility, then leverage simply compounds the problem.

(adsbygoogle = window.adsbygoogle || []).push({});

Peter McDermott, Managing Director of IG Markets in Singapore, says “we're delighted to have cut our minimum spreads on our most popular major forex pairs. As part of our commitment to improve our clients’ trading experience, we also offer low trading spreads on over 7,000 global share CFDs and low dealing spreads on our stock index CFDs, with share commisions as low as 0.1%.”

“we're excited to reduce the minimum spread on this product, which reflects our commitment to keeping our rates low while maintaining our trademark excellence in client service. When forex spreads in an underlying market are narrow, we pass this on to our clients with our tightest possible spreads.”

IG Markets passes the benefits of low forex spreads in the market onto its clients, offering clients the lowest possible spreads while maintaining caps on maximum spreads.

A CFD (or Contract for Difference) is a contract to exchange the change in price of an asset between the times at which the agreement is opened and closed. IG Markets offers CFDs on a variety of financial instruments, including indices, shares, options, forex trading and commodities.

About IG Markets

IG Markets specialises in providing CFDs, on over 7,000 global share CFDs, along with indices, forex, commodities, options, binaries and more. IG Markets is part of the IG Group, a UK FTSE 250 member with over 75,000 active clients worldwide. For further information please call +65 6390 5118.

  • Investment Trends’ 2010 CFD &. FX Report revealed IG Markets scored highest for overall customer satisfaction among Singapore’s CFD traders. The survey of nearly 8,000 investors, also revealed that IG Markets received the highest scores in the CFD industry for value for money, spreads, margin requirements, easy-to-use platform, charting, efficiency of taking trades, email and telephone customer service, reporting of positions and transactions. Phone trading.

IG Markets (ACRA No. 53059621X) is licensed by the MAS and International Enterprise Singapore.

Remember that CFDs and forex are leveraged products and can result in losses that exceed your initial deposit. CFD and forex trading may not be suitable for everyone. Please insure that you fully understand the risks involved. Please consider our Risk Disclosure Statement before you enter into any transaction with us.