Do not invest more money than you can afford to lose.
SuperForex, an offshore forex broker, said on Thursday it has introduced a new type of trading account – No Spread account, which provides live trading without any spreads being paid on orders.
The new offering is available for new and existing SuperForex clients alike. Traders will know the all costs associated with a trade’s execution prior to placing it.
No Spread accounts will display the cost of each trade directly in investors’ trading terminals.
Spread is the difference between the bid and ask price. There are two types of spreads – fixed and variable, aka floating. It is one of the three factors that make up trading costs. The other two are the commission fees paid and leverage.
SuperForex is a brand of SuperFin Corp., (formerly FXCO Ltd.), which holds a license from the International Financial Services Commission (IFSC) of Belize. The broker operates in more than 100 markets with focus on Europe, Asia and the Middle East. It offers more than 300 forex pairs, 34 contracts for difference (CFDs), futures, indices, metals, and shares.
