Rakuten Securities Reduces Spreads on Nine Currency Pairs

Rakuten Securities, a Japanese FX, CFD and stock broker, announced that it has reduced the spreads on nine currency pairs, effective September 1, 2021.

• The spread for NZD/JPY is reduced from 3.9 sen to 1.2 sen.

• The spread for CAD/JPY is reduced from 3.9 sen to 1.7 sen.

• The spread for CHF/JPY is reduced from 5.9 sen to 1.8 sen.

• The spread for AUD/USD is reduced from 1.9 pips to 0.9 pips.

• The spread for NZD/USD is reduced from 4 pips to 1.6 pips.

• The spread for USD/CHF is reduced from 5 pips to 1.6 pips.

• The spread for GBP/CHF is reduced from 5 pips to 2.8 pips.

• The spread for EUR/GBP is reduced from 4 pips to 1.0 pips.

• The spread for EUR/CHF is reduced from 5 pips to 1.8 pips.

Rakuten Securities stated that owners of Rakuten FX accounts will be able to benefit from the spread reduction. The changes apply to individual and business account customers.

Additionally, the broker warns that the spreads may widen around certain market events, including announcements of major indicators. The widening may occur before market open too, or when there are force major events, such as natural disasters.