Offshore forex broker FreshForex said on Monday it has reduced by 1.5 times the spreads it offers for silver and gold instruments.
The broker offers contracts for difference (CFDs) on gold and silver under different conditions, depending on the currencies with which they are paired and the used trading account.
FreshForex offers three types of accounts – Classic, Market Pro, and ECN. For the classic account, the pairs US dollar to gold (XAU/USD) and silver (XAG/USD), which are the most traded ones, are offered with spread of 40 and 3 pips, respectively, but other metal instruments are traded with higher spreads.
The broker recently updated the trading conditions for other CFD products. Last week, it cut margin rated on share CFDs by 10 times to 5% and shortly before that it reduced by 30% spreads for CFDs on oil and gas.
In addition to various CFDs, FreshForex also has in its offering forex and binary options trading services, as well as analytical, educational, and training services. Recently, it launched FreshOptions, a new brand for binary options trading and switched entirely to market execution mode.
FreshForex is a brand of Riston Capital, an investment company based in St. Vincent and the Grenadines. It is a member of Russia’s commission for the regulation of relations on financial market, KROUFR.