JustMarkets eliminates cryptocurrency trading fees on Raw Spread accounts
JustMarkets has announced an important update for its clients by eliminating all cryptocurrency transaction fees for Raw Spread accounts.
Previously, traders were charged a commission of 0.05% or 0.075% per lot/side, but with the recent change, traders can now open cryptocurrency trades with zero commission. This move is aimed at improving the trading experience for cryptocurrency enthusiasts by making it more cost-effective.
In addition to eliminating cryptocurrency commissions, JustMarkets has reduced trading fees on several major indices within the Raw Spread account type. The changes include the following:
- - DE40: Fees have been reduced from $1 per lot/side to $0.5 per lot/side.
- - US100 and US30: Both indices now have a commission of $0.125 per lot/side. US100 and US30: for both indices, there is now a fee of $0.125 per lot/side, down from the previous $0.5 per lot/side. The fee for both indices is now US$0.125 per lot/party, down from the previous US$0.5 per lot/party.
- - US500: the commission is now only US$0.05 per lot/side, down from US$0.05 per lot/side previously. The commission is now only US$0.05 per lot/party, down from US$0.25 per lot/party. US500: commission is now only US$0.05 per lot/side.
In addition to lower commissions, JustMarkets has also slightly improved the spreads on these instruments, further contributing to a more accessible and efficient trading environment. This combination of zero commissions on cryptocurrencies and reduced costs on key indices reflects JustMarkets' commitment to providing clients with a competitive trading environment.
The decision to eliminate cryptocurrency commissions is in line with the growing demand for trading digital assets and makes JustMarkets a more attractive option for traders looking to capitalize on the volatility of the cryptocurrency market. By reducing costs across multiple asset classes, the brokerage continues to position itself as a leader in online trading in an effort to increase trader satisfaction and profitability.
With these upgrades, JustMarkets aims to meet the needs of both novice and experienced traders, providing a competitive advantage in a rapidly evolving market.