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Rakuten Securities Australia to Reduce Gold Spreads
Rakuten Securities Australia, an online trading broker, announced that it will reduce Gold spreads by 30 percent, effective from November 8, 2021, to December 7, 2021.
The spreads will be reduced from their current level of 2 pips to 1.4 pips. Please note that these are average spreads and, hence, they may vary.
In late October, Fazzaco reported that Rakuten Securities has posted its financial results for the third quarter of 2021. More specifically, the Japanese broker reported a revenue of 21.9 billion yen, up 19% compared to the equivalent period in 2020. Net operating revenue came in at 20.75 billion yen, compared to 17.74 billion yen for the year-ago quarter. Operating income for the third quarter stood at 3.34 billion yen.
Additionally, in the same month, the broker added 200 stocks listed on US and Hong Kong exchanges to its offering.
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