FXCM Results Indicate BTC/USD CFD Spreads Are Likely to get Tighter

[kreslik.news]

FXCM released its average Bitcoin/USD contract-for-difference (CFD) spread for October this Thursday. Last month was the first full month of Bitcoin trading for FXCM, with the retail broker only launching BTC/USD CFDs on the 1st of October.

In its statement, the company noted that its spreads were tighter than most other major retail brokers, including Plus500, IG Group and CMC Markets.

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Those three companies all averaged spreads hovering around 50 points in October, whereas FXCM managed to average a 32 point spread for the same BTC/USD CFD product.

Moreover, the company released its spread ... (read more)