ETX Capital Announces new Variable Spreads on FX Majors

LONDON, October 15, 2013 /PRNewswire/ --

Financial Spread Betting and CFD firm ETX Capital announces it has launched variable spreads on six of their major currency pairs this week.  ETX Capital now offers competitive low spreads on major pairs such as EURUSD from 0.7 pips and GBPUSD and AUDUSD from 0.9 pips. These spreads are available to trade now on their platform.  

ETX Capital significantly cut their FX spreads at the start of this year, delivering more competitive and tighter pricing to customers.  Now the firm has gone one step further introducing even lower variable spreads across their most traded FX markets.    

Listening and responding to client feedback has always propelled ETX Capital's innovation. This change in FX pricing comes off the back of listening to the market and their clients and responding to meet these needs ensuring customers are constantly receiving fair, competitive and transparent pricing.  

ETX Capital CEO Andrew Edwards comments: "Consistent and transparent pricing has always been important to us. We're very excited about introducing these tighter variable spreads on our most popular FX markets which will give clients even greater flexibility. We have implemented these competitive spreads across all our territories making our Forex offering even more compelling."    

The new variable FX spreads are listed below:

                                 Variable Spread
    FX Pair      Minimum Spread* Cap
    EURUSD       0.7             4.5
    GBPUSD       0.9             6
    USDJPY       0.9             6
    EURJPY       0.9             6
    USDCHF       0.9             7.5
    AUDUSD       0.9             4.5

* The minimum spread is the target of how low ETX Capital will quote the pair.

Variable spreads are dependent upon volatility in the underlying market and will often narrow or widen as a reflection of this movement, whilst always staying between the minimum spread and variable spread cap.  

Notes to editors:

ETX Capital, a regulated Pan-European financial services firm, providing institutional, high net worth and retail customers with multi-asset and multi-market derivative dealing capability through CFDs and financial spread betting products. The firm uses cutting edge technology and delivers unrivalled levels of customer support from knowledgeable staff and with the utmost client confidentiality. "ETX Capital" is a trading name of Monecor (London) Limited, incorporated in 1965. Monecor (London) Limited is authorised and regulated by the FCA and is a member firm of the London Stock Exchange.

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