IC Markets is lowering the spreads in currency pairs
IC Markets broker announced a reduction in spreads on major currency pairs. These changes are the result of the strategy announced a few months ago by the company’s president, Andrew Budziński, who promised the best possible transaction conditions for the company’s clients.
Changes are introduced in six major currency pairs on Standard accounts. These are accounts with only a trading spread and traders do not incur any additional commission fees. Standard accounts, although not as beneficial as RAW accounts, are still very popular with beginner traders.
The average spreads recorded in August were:
- AUD/USD – 0,748 pips
- EUR/USD – 0,618 pips
- GBP/USD – 0,902 pips
- USD/CAD – 0,888 pips
- USD/CHF – 0,850 pips
- USD/JPY – 0,932 pips
This year, IC Markets has already surprised clients several times with good news. In April, the broker decided to waive the fees for withdrawing funds via bank transfer (previously, the fee was 20 AUD, regardless of the amount of the transfer). At the end of May, the company expanded its offer with 1,000 new instruments, including CFDs on stocks and cryptocurrencies. In the same period, the spreads on the major currency pairs and indices were lowered.