Exness Announces Spread Reductions for Gold and Oil Traders
A leading global multi-asset broker, Exness, has announced a significant reduction in trading spreads for gold (XAUUSD) and oil (USOIL), effective immediately.
About the Spread Reduction
Exness has reduced trading spreads for gold (XAUUSD) by 20% and oil (USOIL) by 68%, effective immediately. These reductions are based on comparing standard account spreads from the last full trading week of April 2024 to the last full trading week of August 2024.
With over 15 years of experience, the company attributes its ability to provide stable and attractive spreads to advanced technology-driven pricing models. These changes are part of Exness’s ongoing effort to deliver exceptional value and support clients’ success by optimizing trading conditions.
What Does It Mean for the Users?
Here is what it means for users.
Lower Trading Costs
With reduced spreads, traders pay less in transaction fees when entering and exiting positions in gold and oil. This can increase profitability, especially for high-frequency traders or those working with tighter margins.
Enhanced Profit Potential
Smaller spreads mean the price needs to move less in the trader’s favor for a position to become profitable. This can be particularly advantageous in volatile markets like gold and oil, where quick, small gains are often targeted.
Better Market Access
Tighter spreads provide a more attractive trading environment, making Exness a competitive option for those focusing on commodities trading. It allows traders to execute strategies more effectively, knowing they benefit from some of the best conditions available.
Improved Trading Experience
Lower spreads contribute to a more efficient trading experience, reducing the friction between market entry and exit points. This allows traders to focus more on their strategies and less on the costs associated with trading.
About Exness
Exness is a multi-asset broker offering various trading services across different financial markets, including forex, stocks, indices, commodities, and cryptocurrencies. It provides access to MetaTrader 4 and MetaTrader 5 platforms, its proprietary Exness Terminal platform, and the Exness Trade App. The broker offers an extensive range of instruments, including over 90 forex pairs and 10 cryptocurrencies.
Way Ahead
Exness is set to continue its trajectory of growth and innovation in the trading industry by enhancing client experiences and expanding its offerings. The company plans to invest further in technology-driven solutions to maintain competitive spreads and provide superior trading conditions. Exness will explore new asset classes and expand its global reach to cater to a broader range of traders.
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