New forex spreads

Our new, more flexible forex spread structure means that we can offer spreads as low as 1 pip for EUR/USD and 2 pips for GBP/USD.

Current volatility in global financial markets means that spreads in underlying markets occasionally become very tight, or very wide. As tighter spreads are made available to us, we are able to pass these on to you, while we cap wide spreads at a fixed limit.

In most market conditions we will continue to offer our typical spread. However, at particularly volatile times when underlying currency spreads are abnormally wide – greater than 1.5-times our typical spread – our spreads will widen, but only up to a maximum spread limit (our cap).

And should underlying spreads move above this level, we will hold our spread at our cap limit so you can benefit from lower spreads.

For full details of our new spread sizes, please see our Competitive Forex Spreads.

Updated: 23/03/09