Rakuten Securities Reduces Spreads on 3 Currency Pairs

Fazzaco learned that Rakuten Securities, one of the largest Forex brokers in Japan, announced that traders can make use of tighter spreads on three currency pairs: ZAR/JPY, MXN/JPY, and CNH/JPY, effective June 7, 2021.

The broker explained that the change is in response to requests from many customers. Details are as follows:

• The spread on ZAR/JPY is reduced 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.

Fazzaco earlier reported that Rakuten Securities Australia announced its plan to expand offering of trading instruments. Effective 20 June, 2021, the following 6 products will be available to trade: UK Crude Oil, US Crude Oil, UK Crude Oil +$100*, US Crude Oil +$100*, SPA35 (Spain 35), BTC/USD (Bitcoin/USD). Additionally, the broker has upgraded the servers for its desktop trading platform MARKETSPEED II​ to enhance the performance.