No commissions are due in currency spot trade, and in the trade with precious metals, the broker said.
The most popular currency pairs will be quoted at a change increment of 0.1 pips. BenchMark Finance will unite the trade platforms and from now on will only offer the versions BenchMark Trader and BenchMark Trader 2.
The new rules will also be valid for all current clients of BenchMark Finance. They won’t have to sign new contracts for trade on the international financial markets.
The changes are a result of the higher interest in trade on international financial markets. BenchMark has estimated that the reduction of the spread by one point only in the most traded pair can increase efficiency for investors by 30%.
”Our decision is sort of revolutionary for Bulgaria”, Milen Kurdov, manager of the International Trade department in BenchMark Finance, explained.
“The reason for the decision is the shrinking of spreads globally and the growing competition between market players. Our goal is to offer investors the best conditions on the market”, Kurdov added.