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Invast Securities, a Japanese-based forex brokerage, said on Monday it has reduced the spreads on four currency pairs – EUR/JPY, GBP/JPY, AUD/JPY, and EUR/USD traded via its semi-automated forex service Tri-Auto FX.
The changes have come into effect with the start of the trading day earlier today.
For the three currency pairs containing Japanese yen (JPY), spreads will be reduced by 0.1 sen, or one-hundredth of a JPY, while for the EUR/USD pair the spread has been cut by 0.1 pip to 0.3 pips.
Details about both the new and old spreads for the four currency pairs follow:
|Currency Pair||New Spread||Old Spread|
|EUR/JPY||0.5 sen||0.6 sen|
|GBP/JPY||1.0 sen||1.1 sen|
|AUD/JPY||0.6 sen||0.7 sen|
|EUR/USD||0.3 pips||0.4 pips|
According to the broker, it now offers the narrowest spreads for these four currency pairs in the industry.
Tri-Auto FX has an option for autopilot ordering, which presents a hybrid between automated and manual trading.
Tokyo-based Invast Securities consists of a group of companies regulated by the Japanese Financial Services Agency (JSFA) and the Australian Securities and Investment Commission (ASIC).
The companies offers trading in forex and contracts for difference (CFDs).
Source: Invast Securities