The spread in forex is simply the difference between the buy price (Ask) and the sell price (Bid) of a currency pair.
When you trade, you will always see two prices:
The price you buy at (Ask)
The price you sell at (Bid)
The difference between these two prices is called the "spread", and it represents a small cost you pay to the broker for executing the trade.
Simple example:
If EURUSD is quoted as:
Ask price: 1.1002
Bid price: 1.1000
Then the spread = 2 pips.
The lower the spread, the lower your trading cost, which is better for traders.
Orbex offers clients who have forex trading accounts through it unparalleled low spreads starting from 0.0 pips, with a wide and varied range of currency pairs, precious metals and financial instruments, featuring flexible pricing that suits the trading needs and benefits of each client.
A glimpse of our spreads:
Symbol | Ultimate account As low as | Premium account As low as | Starter account As low as |
EURUSD | 0.0 | 0.0 | 1.5 |
AUDUSD | 0.0 | 0.0 | 1.5 |
GBPUSD | 0.0 | 0.0 | 1.6 |
NZDUSD | 0.0 | 0.0 | 1.5 |
USDCHF | 0.0 | 0.0 | 1.5 |
USDCAD | 0.0 | 0.0 | 2.1 |
USDJPY | 0.0 | 0.0 | 2.1 |
Notice: Spreads are variable and not fixed. They can widen significantly during major economic news releases, such as the NFP and FOMC announcements.