Forex Spreads

Forex Spreads
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SPREADS

Forex Broker Spreads

Trade with FP Markets on
ultra-competitive spreads

Forex is the most traded market in the world offering numerous trading opportunities. One of the ways you pay for these opportunities is through the broker spreads, or the difference between the ask and bid prices of a tradable instrument. When the spread is tight, your trading cost reduces.

Our diverse liquidity mix and partnerships with leading banking and non-banking financial institutions for deep liquidity also plays a key role in ensuring that we consistently deliver tight spreads to our traders, starting as low as 0.0 pips.

Click on a Product to
View Our Typical Spreads

Forex

VIEW SPREADS

Metals

VIEW SPREADS

Indices

VIEW SPREADS

Commodities

VIEW SPREADS

Cryptocurrency

VIEW SPREADS

Spreads Affect
Your Trades

Successful traders always keep track of any changes in the spread, basing trading decisions on such
changes. Spread size plays an important role in trading, especially for scalpers and intraday traders:

High Spreads

When the difference between the ask and bid prices are higher than usual, it could either indicate a period of low liquidity or high market volatility. For instance, non-major forex pairs tend to have a higher spread than major pairs.

Low Spreads

When the difference between the ask and bid prices is lower than usual, it could indicate high liquidity or a period of low market volatility. For instance, spreads tend to be lower during the major forex sessions.

Forex Broker Spreads

Currency spreads are quoted in terms of two different prices: bid and ask price. Bid price is the price at which you can sell the base currency, while ask price is the price at which you can buy the base currency.

For example, if the bid/ask rate for the EUR/USD is 1.1251/1.1252. Here, EUR is the base currency and USD is the quote currency. This means that you can buy the EUR at a higher ask price of 1.1252 and sell it lower at the bid of 1.1251.

The difference between ask and bid price is the forex spread. In the above example, the spread in pips would be (1.1252-1.1251) = 0.0001. The pip value on USD-based pairs is identified on the 4th digit, after the decimal. This means that the final forex spread is 0.1 pips.

To calculate the total spread cost, multiply this pip value by the total number of lots traded. So, if you are trading a EUR/USD trading lot of 10,000

In case you are trading a standard lot (100,000 units of the currency)

Now, if your account is denominated in another currency, say GBP, you will need to convert that into US Dollars.

It is important for forex traders to be familiar with forex spreads, since they represent the primary cost of trading. It is an important parametre to consider when you choose a broker.

If you choose to open and trade with an FP Markets RAW account, you will find some of the lowest spreads in the market. Our liquidity is sourced from some of the largest and best liquidity providers, with no mark-up applied from our end. This gives us the ability to offer you the tightest spreads, starting as low as 0.0 pips during the most liquid times, something that was previously the domain of hedge funds only. You can always check our trading conditions by opening a demo account.

Understanding High and
Low Forex Spreads

It is important to know that FX spreads can fluctuate throughout the day. This is because spreads are influenced by several factors, such as liquidity, volatility and market news. You will see some major currency pairs, like the EUR/USD or GBP/USD, which tend to have more liquidity, also have lower spreads than emerging currency pairs, like the USD/JPY.

Also, liquidity can decline and spreads can widen in the days or hours leading up to major economic news events and between trading sessions.

Keep an eye on the economic calendar. Releases occur sporadically and depending on whether expectations are met or not, prices can fluctuate rapidly. If you are currently holding a position and the spread widens, you could receive a margin call. Spreads can widen considerably when the financial markets are volatile: a phenomenon known as slippage.

It is also important to understand the difference between fixed and variable spreads. Fixed spreads remain the same, no matter what the market conditions are. Variable spreads keep on changing, based on the supply and demand of the instruments and the overall market volatility.

Choosing the optimal spread type is important to bring down trading costs and is a key part of the trading strategy of any decent trader. While retail traders with smaller accounts, who trade less frequently, could benefit from fixed spreads, those who trade more frequently and during peak market hours (when the spreads are the tightest), might prefer variable spreads. Variable spreads tend to be lower than fixed spreads especially in calmer markets.

Industry Leading Low Forex Spreads

FP Markets provides variable spreads for fast trade execution, with low probability of requotes. Our feed comes from leading international financial institutions for deep liquidity, along with real-time price quotes for different tradable instruments. This allows us to offer forex spreads as low as 0.0 pips on RAW accounts and 1.0 pips on Standard STP accounts.

FP Markets Forex Trading Accounts

Spreads

From 1.0 pips

Commission (ASX)

Zero

Minimum Deposit

$100 AUD or equivalent

Maximum Leverage

500:1
START TRADING NOW
TRY A FREE DEMO

Spreads

From 0.0 pips

Commission (ASX)

$3.0

Minimum Deposit

$100 AUD or equivalent

Maximum Leverage

500:1
START TRADING NOW
TRY A FREE DEMO

MetaTrader RAW Account
Commission Charges

Check our commission charges for the RAW account, based on the currency denomination of your trading account. The table has been split, based on commission per lot, to make it easier for you to calculate your costs, based on trading volume.

Instrument Standard Account Raw Account
Forex Zero (Built into the spread) 3.50 (AUD, CAD, SGD), 3 USD, 2.75 EUR, 2.25 GBP, 20 HKD, 250 JPY*
Metals Zero (Built into the spread) 3.50 (AUD, CAD, SGD), 3 USD, 2.75 EUR, 2.25 GBP, 20 HKD, 250 JPY*
Commodities Zero (Built into the spread) Zero (Built into the spread)
Indices Zero (Built into the spread) Zero (Built into the spread)
Cryptocurrencies Zero (Built into the spread) Zero (Built into the spread)

Trade Execution Matters

Pricing alone cannot bring results without reliable and fast execution. We offer some of the world’s best trading platforms to facilitate ultra-fast execution speeds. With the help of our advanced charting tools, numerous technical indicators, market news and insights, and real-time price charts, trading becomes an enjoyable and satisfying experience.

Download our MT4, MT5 or IRESS platform to experience trading with tight spreads and transparent commissions.

How to Check Live Forex Spreads
on the FP Markets MT4 Platform

Right click anywhere on your chart
and select “Properties”


Click on the “Common” tab and check
the “Show Ask Line” box


Click on “OK”

Now You Can See the Bid/Ask
Price for Any Instrument

Click on “View” and choose “Market Watch”


To see the spread for a particular symbol, right-click anywhere on the Market Watch window and select “Spread”


You can now see an additional column, displaying the spread for each currency pair, commodities or indices


Note that MT4 quotes spreads in MetaTrader 4 points. To find the spread in pips, you will need to divide the number by 10.

Spreads

(June 2020)

Spreads on our MetaTrader 4 platform are variable, with quotes coming from major international
financial institutions. During liquid times our industry-leading spreads can go as low as 0.0 pips. Our
more typical spreads are listed below.

Forex Spreads

Symbol Product Standard A/c Raw A/c
  Avg Min Avg
AUDCAD Australian Dollar vs Canadian Dollar 2 0 1
AUDCHF Australian Dollar vs Swiss Franc 1.8 0 0.7
AUDJPY Australian Dollar vs Japanese Yen 1.6 0 0.5
AUDNZD Australian Dollar vs New Zealand Dollar 2 0 0.9
AUDSGD AUSTRALIAN DOLLAR VS SINGAPORE DOLLAR 3.3 0 1.8
AUDUSD Australian Dollar vs US Dollar 1.3 0 0.2
CADCHF Canadian Dollar vs Swiss Franc 1.9 0 0.8
CADJPY Canadian Dollar vs Japanese Yen 1.9 0 0.8
CHFJPY Swiss Franc vs Japanese Yen 2.2 0 1.1
EURAUD Euro vs Australian Dollar 1.8 0 0.7
EURCAD Euro vs Canadian Dollar 2.8 0 1.2
EURCHF Euro vs Swiss Franc 1.7 0 0.6
EURCZK EURO VS CZECH KORUNA 171.4 69 154
EURGBP Euro vs Great Britain Pound 1.6 0 0.5
EURHUF EURO VS HUNGARIAN FORINT 43.1 10 21.7
EURJPY Euro vs Japanise Yen 1.4 0 0.3
EURNOK Euro vs Norwegian Krone 49.2 16.3 41.7
EURNZD Euro vs New Zealand Dollar 2.2 0 1.1
EURPLN Euro vs Polish Zloty 24.2 6.4 20.9
EURSEK Euro vs Swedish Krona 43.3 10.8 37.8
EURSGD Euro vs Singapore Dollar 3.2 0 2.1
EURTRY Euro vs Turkish Lira 62.8 0 59.7
EURUSD Euro vs US Dollar 1.1 0 0
EURZAR Euro vs South African Rand 32.4 12.6 20.9
GBPAUD Great Britain Pound vs Australian Dollar 2.8 0 1.7
GBPCAD Great Britain Pound vs Canadian Dollar 2.9 0 1.8
GBPCHF Great Britain Pound vs Swiss Franc 2.6 0.63 1.5
GBPJPY Great Britain Pound vs Japanese Yen 1.6 0 0.5
GBPNZD Great Britain Pound vs New Zealand Dollar 3.5 0 2
GBPPLN GREAT BRITAIN POUND VS POLISH ZLOTY 33.5 12.8 32
GBPSEK Great Britain Pound vs Swedish Krona 51.6 18.9 46.9
GBPSGD Great Britain Pound vs Singapore Dollar 6.2 2.9 5
GBPUSD Great Britain Pound vs US Dollar 1.3 0 0.2
NZDCAD New Zealand Dollar vs Canadian Dollar 2.5 0 1.4
NZDCHF New Zealand Dollar vs Swiss Franc 2.2 0 1.1
NZDJPY New Zealand Dollar vs Japanese Yen 2 0 0.9
NZDSGD New Zealand Dollar vs Singapore Dollar 3.7 1.5 2.6
NZDUSD New Zealand Dollar vs US Dollar 1.5 0 0.3
USDCAD US Dollar vs Canadian Dollar 1.3 0 0.2
USDCHF US Dollar vs Swiss Franc 1.3 0 0.1
USDCNH US Dollar vs Chinese Yuan 1.9 0 0.8
USDCZK US DOLLAR VS CZECH KORUNA 116.2 38.7 98.8
USDHKD US Dollar vs Hong Kong Dollar 5.9 3.1 4.8
USDHUF US DOLLAR VS HUNGARIAN FORINT 39.2 4.4 17.8
USDJPY US Dollar vs Japanese Yen 1.2 0 0.1
USDNOK US Dollar vs Norwegian Krone 40 0 31.5
USDPLN US Dollar vs Polish Zloty 23.2 7.5 19.5
USDSEK US Dollar vs Swedish Krona 40.9 9.5 32.2
USDSGD US Dollar vs Singapore Dollar 2.8 0 1.7
USDTRY US Dollar vs Turkish Lira 33.3 0 30.8
USDZAR US Dollar vs South African Rand 107.2 0 94.3

Metal Spreads

Symbol Product Standard A/c Raw A/c
  Avg Min Avg
XAUUSD Gold vs US Dollar 0.4 0 0.2
XAUAUD Gold vs Australian Dollar 1.3 0.1 1.2
XAGUSD Silver vs US Dollar 0 0 0.2
XAGAUD Silver vs Australian Dollar 0.1 0.04 0.1

CFD Indices Spreads

Symbol Product Standard A/c Raw A/c
  Avg Min Avg
AUS200 Australia 200 index Cash 2.1 0.2 2.1
US30 US 30 Index Cash 3.9 0.4 3.9
EURO50 Euro 50 Index Cash 1.8 1.2 1.8
FRA40 CAC40 Index Cash 1.9 1.2 1.9
GER30 German 30 Index Cash 2.2 0.3 2.2
HK50 Hang Seng Index Cash 5 1 5
JP225 Japan 225 Index Cash 9.5 0.5 9.5
US500 US 500 Index Cash 0.6 0.2 0.6
UK100 UK100 Index Cash 1.7 0.3 1.7
US100 US Tech 100 Index Cash 1.9 0.8 1.9
CHINA50 China A50 Index Cash 14.5 8 14.5
SING30 Singapore 30 Index Cash 1.2 1.4 1.2

CFD Commodities (MT4/MT5)

Symbol Product Standard A/c Raw A/c
  Avg Min Avg
WTI WEST TEXAS INTERMEDIATE CRUDE OIL 0 0.01 0.04
XTIUSD West Texas Intermediate Crude Oil Cash 0.2 0 0.038
XBRUSD Brent Crude Oil Cash 0.2 0 0.04

Cryptocurrency Spreads

Symbol Product Standard A/c Raw A/c
  Avg Min Avg
BCHUSD Bitcoin Cash CFD 4.3 1.49 4.3
ETHUSD Etherium CFD 4.1 0.2 4.1
LTCUSD Litcoin CFD 3 2.6 3
RPLUSD Ripple CFD 0 0.09 0.1
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* The average order execution time between the trade being received, processed and confirmed as executed by us is 40 milliseconds. As observed from our bridge provider between 25-05-2020 to 26-05-2020. FP Markets was rated by Investment Trends as the Best for Quality of Trade Execution 2019

DISCLAIMER: This material on this website is intended for illustrative purposes and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Contracts for Difference (CFDs) are derivatives and can be risky; losses can exceed your initial payment and you must be able to meet all margin calls as soon as they are made. When trading CFDs you do not own or have any rights to the CFDs underlying assets.

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