The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

FX comment: Transparent opacity told us in a release this week that it has launched a new pricing structure that reduces spreads by up to 50% on previous minimums. Apparently customers can trade spreads as low as 0.9 pips on some currency pairs including EUR/USD, GBP/USD and USD/JPY.

This new pricing system has been designed to “offer maximum transparency to customers”.

No big whoop. Looks like is playing catch up when others like Oanda and FXCM have had those spreads for some time.

The real issue is how much brokerage are they going slap on top? What is the liquidity like, and do all account sizes see those prices? For the sake of transparency, we asked to clear that up for us.

“We do not charge a brokerage fee, rather a customer’s only transaction cost is the dealing spread,” says a spokesman.

Now it seems to me, and I’m pretty new to this game, that brokerage fees would probably be the more transparent option because in the back of my mind, I know that on every trade I do, I’m paying X amount of dollars on top.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree