We try to keep our spreads low and are transparent about our pricing. You'll never be blindsided by hidden fees and we don't charge commission. That way, you’ll know the price for each trade upfront.
What is spread?
Forex dealers quote two prices for currency pairs. The 'bid' is the maximum price a buyer on the market is willing to pay for a pair. The 'ask' is the minimum price a seller is willing to accept.
Essentially, the 'bid' is the price you can sell the base currency at and the 'ask' is the price you can buy it at. The 'ask' is higher than the 'bid'.
The difference between the two prices is known as the 'spread'. It is the cost to trade a pair.
Let's say, you wanted to trade EURUSD, which had a 'bid' price of 1.17590 and an 'ask' price of 1.17601. The spread for this trade would be 1.1 pips.