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Key Insights Exness reduces gold trading spreads by 20% and oil spreads by 68%, effective immediately. The spread reductions are based on standard account comparisons between April and August 2024. Exness aims to enhance client trading experience and reinforce its market position through these changes. LONDON (MarketsXplora) - Exness, a prominent global multi-asset broker, announced on Monday significant reductions in trading spreads for gold (XAUUSD) and oil (USOIL), effective immediately. The company has cut gold spreads by 20% and oil spreads by a substantial 68%, based on standard account spreads. The reductions were calculated by comparing the last full trading week of April 2024 to the corresponding week in August 2024. Igor Desyatov, Chief Trading Officer at Exness, expressed enthusiasm about the move. "We are thrilled to offer our clients these significant reductions in spreads," Desyatov said. "These changes reflect our dedication to delivering exceptional value to our clients." The broker, with over 15 years of industry experience, attributes its ability to maintain competitive spreads to advanced technology-driven pricing models and a comprehensive tick history database. Exness emphasized that these reductions underscore its commitment to setting industry standards for transparency, reliability, and excellence. The firm stated its ongoing dedication to innovation and client-centric solutions, aiming to provide both new and existing traders with optimal tools and trading conditions. The spread reductions are expected to enhance the trading experience for Exness clients, particularly those focused on gold and oil markets, potentially attracting more traders to the platform. This move comes as part of Exness' broader strategy to solidify its position as a leading trading platform, continually improving its offerings to meet the evolving needs of the global trading community.

Exness Slashes Gold and Oil Trading Spreads In Competitive Move