GMO Click Securities reduces spreads on several FX pairs

Japanese Forex broker GMO Click Securities yesterday announced improvement to trading conditions for its clients. The company is reducing the spreads on some currency pairs.

Effective June 14, 2021, 14:00 (Tokyo time), the broker is implementing lower spreads for South African Rand / Japanese Yen (ZAR/JPY) and Mexican Peso / Japanese Yen (MXN/JPY). The spread on ZAR/JPY trades will be reduced from 1 pip to 0.9 pips, whereas the spread on MXN/JPY will be reduced from 0.3 pips to 0.2 pips.

The change applies to the FX pairs traded via GMO Clicks over-the-counter foreign exchange margin trading platform “FX Neo”.

The change to spreads by GMO Click is announced a week after another Japanese online trading company – Rakuten Securities, also said it was axing spreads on several currency pairs.

Effective June 7, 2021, clients of Rakuten Securities can make use of tighter spreads on three currency pairs: ZAR/JPY, MXN/JPY, and CNH/JPY. Lets note that the change affects two of the currency pairs for which GMO Click is also reducing the spreads.

Rakuten Securities said it reduced the spread on ZAR/JPY from 1 pip to 0.9 pips. The spread on MXN/JPY is reduced from 0.5 pips to 0.2 pips. The spread on CNH/JPY is reduced from 1.8 pips to 0.9 pips.

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