FBS considerably cut the spread of some popular instruments. The offer is valid only until the end of March.
Low-deposit broker, FBS, offers an enticing promotion: massive lower spreads. The benefits will only be valid for a month until the end of March 2023. Here are the pairs in which the spreads significantly dropped:
- EURUSD Spread -10%
- USDCAD Spread -58%
- AUDUSD Spread -37%
- USDJPY Spread -25%
- GBPUSD Spread -22%
- USDCHF Spread -54%
Spread is the fee for the broker as they provide transaction immediacy. Lower spreads bring great trading opportunities because the trader can allocate the money to add more lots or save from the transactional fee. This is why the terms "transaction cost" and "bid-ask spread" are used interchangeably.
FBS has three kinds of spread: floating, fixed, and no-spread. The type depends on the trading account. The fixed one is the best option for traders because they always know how much they will pay for a trade. The floating spread is the spread that changes all time depending on the market conditions and supply-demand issues. No-spread or 0 pip spread is an option to trade without the spread. Instead, the trader will pay a commission.
Spreads usually widen with the increase in volatility or low liquidity caused by out-of-hours trading. Hence, the lower spread will give much help for traders' money. FBS understands lower spread is a kind of the most awaited promotion. The clients can ask via FBS LiveChat for further information about this offering.