Deutsche Bank’s online margin foreign exchange trading platform dbFX is improving its pricing by offering tighter spreads for clients.
Spreads have been reduced by an average of one-third on many of dbFX’s 34 currency pairs. Typical spreads on dbFX’s most popular currency pairs such as the EUR/USD and GDP/USD are now as low as 1.5 and 2.2 pips respectively.
Betsy Waters, director of dbFX, said in a statement, “Reliable, fair and transparent pricing is an important consideration for investors who trade FX. Traders must be careful to look behind the advertised price, and clearly establish the ‘actual or typical’ price, which is often not clear and different from the one advertised.” She added, “With dbFX, when it comes to our pricing, transparency is paramount; the price you see is the price you get. Indeed, by leveraging Deutsche Bank’s leading position as one of the world’s largest liquidity providers with over 20 per cent market share, we’re able to offer investors highly competitive ‘actual’ prices.”