Forex Spreads

Forex Spreads
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SPREADS

Forex Broker Spreads

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ultra-competitive spreads

Forex is the most traded financial market in the world. The primary trading cost of trading forex is the spread charged by a broker. The spread is the difference between the ask and bid price of a currency pair or other tradable instrument.

FP Markets has partnered with a diverse mix of top-tier liquidity providers and other financial institutions to deliver consistently tight spreads to traders in Ireland. We have account types that offer spreads on major currency pairs from as low as 0.0 pips.

Click on a Product to
View Our Typical Spreads

VIEW SPREADS

Metals

VIEW SPREADS

Indices

VIEW SPREADS

VIEW SPREADS

Cryptocurrency

VIEW SPREADS

Spreads Affect
Your Trades

Experienced traders constantly keep track of any changes in the spread and regularly make trading decisions based on the liquidity available in a given market. Spread size plays an important role in trading, particularly for scalpers and intraday traders who are making a large number of transactions in a single trading session.

High Spreads

Sometimes the ask and bid prices (buy and sell price) are higher than usual. This could indicate a period of low liquidity or high market volatility. For instance, forex pairs that include the GBP will have lower liquidity during overnight hours in Ireland.

Low Spreads

High liquidity or a period of low market volatility will be reflected by tight spreads and lower trading costs. This is the case during the major forex sessions.

Forex Broker Spreads

Currency pairs are quoted in terms of two different prices: bid and ask price. Bid price (sell price) is the price at which you can sell the base currency, while ask price is the price at which you can purchase 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 in forex is known as the 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 from 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 parameter to consider when choosing a forex broker.

If you choose to open and trade with an FP Markets RAW ECN 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 which includes major tie-one financial institutions. This gives us the ability to offer retail Ireland traders spreads starting as low as 0.0 pips during the most liquid times, something that was previously the domain of hedge funds only. New traders can explore our trading conditions by opening a demo account.

Understanding High and Low Forex Spreads

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

Most notably, liquidity can decline in the days or hours leading up to major economic news events and between trading sessions. This results in wider spreads and higher trading costs.

Traders in Ireland are urged to keep an eye on the economic calendar. It is a schedule of key releases of economic data and market news which may impact forex prices and rapid price fluctuations. 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 keeping trading costs to a minimum. Retail traders who trade less frequently could benefit from fixed spreads while those who trade 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. Explore our wide range of forex account types.

Industry Leading Low Forex Spreads

FP Markets provides variable spreads for fast trade execution. 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 ECN accounts and 1.0 pips on Standard accounts.

FP Markets Forex Trading Accounts

Spreads

From 1.0 pips

Commission

Zero

Minimum Deposit

$100 AUD or equivalent

Maximum Leverage

30:1
START TRADING NOW
TRY A FREE DEMO

Spreads

From 0.0 pips

Commission

$3.0

Minimum Deposit

$100 AUD or equivalent

Maximum Leverage

30:1
START TRADING NOW
TRY A FREE DEMO

MetaTrader RAW ECN Account
Commission Charges

Check our commission charges for the RAW ECN 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 & Metals Zero (Built into the spread)
Account CCY Per side Round Trip
AUD CAD SGD $3.5 $7
USD $3 $6
EUR €2.75 €5.5
GBP £2.25 £4.5
HKD $20 $40
JPY ¥250 ¥500
Zero (Built into the spread) Zero (Built into the spread)
Indices Zero (Built into the spread) Zero (Built into the spread)
Shares Zero (Built into the spread) Zero (Built into the spread)
Cryptocurrencies Zero (Built into the spread) Zero (Built into the spread)

Trade Execution Matters

Reliable and fast execution are just as important as competitive pricing. Traders in Ireland can access 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 you can enjoy and exceptional trading experience.

Choose from MetaTrader 4, MetaTrader 5 or IRESS and begin 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 spread in MetaTrader 4 points. To find the spread in pips, you will need to divide the number by 10.

Forex Spreads - FAQ

Spread in Forex is the difference between the bid price and ask price. The Spread cost is measured in 'pips' and is the cost of trading. Popular currency pairs such as the EUR/GBP and USD/AUD have lower spreads as a result of higher levels of liquidity. An in-depth explanation can be found in our Beginner's Guide To Forex Trading.

Spreads

(June 2021)

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 ECN A/c
  Avg Min Avg
AUDCAD Australian Dollar vs Canadian Dollar 1.8 0 0.8
AUDCHF Australian Dollar vs Swiss Franc 1.7 0 0.6
AUDJPY Australian Dollar vs Japanese Yen 1.7 0 0.6
AUDNZD Australian Dollar vs New Zealand Dollar 2.2 0 1.1
AUDSGD AUSTRALIAN DOLLAR VS SINGAPORE DOLLAR 2.9 0 1.4
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 1.8 0 0.7
CHFJPY Swiss Franc vs Japanese Yen 2.2 0 1.1
EURAUD Euro vs Australian Dollar 2.3 0 1.2
EURCAD Euro vs Canadian Dollar 2.6 0 1
EURCHF Euro vs Swiss Franc 1.7 0 0.6
EURCZK EURO VS CZECH KORUNA 119.8 31.8 102.4
EURGBP Euro vs Great Britain Pound 1.5 0 0.4
EURHUF EURO VS HUNGARIAN FORINT 42.7 4.2 21.3
EURJPY Euro vs Japanise Yen 1.4 0 0.3
EURNOK Euro vs Norwegian Krone 78 25.1 70.5
EURNZD Euro vs New Zealand Dollar 2.8 0 1.7
EURPLN Euro vs Polish Zloty 25.6 5.4 22.3
EURSEK Euro vs Swedish Krona 61.1 21.5 55.6
EURSGD Euro vs Singapore Dollar 2.8 0 1.7
EURTRY Euro vs Turkish Lira 132.3 0 129.2
EURUSD Euro vs US Dollar 1.2 0 0.1
EURZAR Euro vs South African Rand 134.3 54.4 122.8
GBPAUD Great Britain Pound vs Australian Dollar 2.3 0 1.2
GBPCAD Great Britain Pound vs Canadian Dollar 2.5 0 1.4
GBPCHF Great Britain Pound vs Swiss Franc 3 0.3 1.9
GBPJPY Great Britain Pound vs Japanese Yen 1.8 0 0.7
GBPNZD Great Britain Pound vs New Zealand Dollar 3.9 0 2.4
GBPPLN GREAT BRITAIN POUND VS POLISH ZLOTY 31.8 9 30.3
GBPSEK Great Britain Pound vs Swedish Krona 87.4 42.9 82.7
GBPSGD Great Britain Pound vs Singapore Dollar 5.1 0.9 3.9
GBPUSD Great Britain Pound vs US Dollar 1.3 0 0.2
NZDCAD New Zealand Dollar vs Canadian Dollar 2.4 0 1.3
NZDCHF New Zealand Dollar vs Swiss Franc 2.2 0 1.1
NZDJPY New Zealand Dollar vs Japanese Yen 2.1 0 1
NZDSGD New Zealand Dollar vs Singapore Dollar 3.6 0.6 2.5
NZDUSD New Zealand Dollar vs US Dollar 1.6 0 0.4
USDCAD US Dollar vs Canadian Dollar 1.4 0 0.3
USDCHF US Dollar vs Swiss Franc 1.4 0 0.2
USDCNH US Dollar vs Chinese Yuan 1.8 0 0.7
USDCZK US DOLLAR VS CZECH KORUNA 75.3 23.7 57.9
USDHKD US Dollar vs Hong Kong Dollar 6.4 1.9 5.3
USDHUF US DOLLAR VS HUNGARIAN FORINT 36.2 2.5 14.8
USDJPY US Dollar vs Japanese Yen 1.2 0 0.1
USDNOK US Dollar vs Norwegian Krone 57.6 0 49.1
USDPLN US Dollar vs Polish Zloty 25.9 8.5 22.2
USDSEK US Dollar vs Swedish Krona 53.4 16.2 44.7
USDSGD US Dollar vs Singapore Dollar 2.7 0 1.6
USDTRY US Dollar vs Turkish Lira 85.9 0 83.4
USDZAR US Dollar vs South African Rand 74.2 0 61.3
USDMXN US Dollar vs Mexican Pesso 56.3 4 46.3
EURMXN Euro vs Mexican Pesso 84.3 13.3 64.3
GBPMXN Great Britain Pound vs Mexican Pesso 104.1 21.9 84.1
USDRUB US Dollar vs Russia Ruble 456.4 346.1 416.4
USDDKK US Dollar vs Russia Ruble 15 4.6 9
GBPDKK US Dollar VS Dutch Korone 29.1 11 23.1
EURDKK Euro VS Dutch Korone 17.5 8.9 11.5
USDTHB US Dollar VS Thai Baht 243.1 159.4 223.1
CHFSGD Swiss Franc VS Singapore Dollar 4.2 1.4 4.2
GBPTRY Great Britain Pound VS TURKISH LIRA 182.7 57.6 175.7

Metal Spreads

Symbol Product Standard A/c Raw ECN A/c
    Min Avg
XAUUSD Gold vs US Dollar 0.33 0 0.15
XAUAUD Gold vs Australian Dollar 0.6 0.26 0.44
XAGUSD Silver vs US Dollar 0.023 0 0.013
XAGAUD Silver vs Australian Dollar 0.043 0.021 0.033

CFD Indices Spreads

Symbol Product   Standard A/c
    Min Avg
AUS200 Australia 200 index Cash 0.1 1.7
US30 US 30 Index Cash 0.1 1.6
EURO50 Euro 50 Index Cash 2.1 2.1
FRA40 CAC40 Index Cash 1.4 1.5
GER30 German 30 Index Cash 0.4 1.1
HK50 Hang Seng Index Cash 3.5 4.5
JP225 Japan 225 Index Cash 0.1 6
US500 US 500 Index Cash 0.1 0.6
UK100 UK100 Index Cash 1.1 1.2
US100 US Tech 100 Index Cash 0.1 1.6
CHINA50 China A50 Index Cash 9.5 14
VIX VIX Index Cash 0.1 0.13
USDX USD Dollar Index Basket 0.05 0.05

CFD Commodities (MT4/MT5)

Symbol Product   Standard A/c
    Min Avg
WTI WEST TEXAS INTERMEDIATE CRUDE OIL 0.04 0.04
XTIUSD West Texas Intermediate Crude Oil Cash 0.02 0.04
XBRUSD Brent Crude Oil Cash 0.02 0.04
XNGUSD Natural Gas Cash 0.025 0.028
XPTUSD Platinum Cash 4.12 6.08
XPDUSD Palladium Cash 9.72 16.82

Cryptocurrency Spreads

Symbol Product   Standard A/c
    Min Avg
BTCUSD Bitcoin USD CFD 7.52 18.99
BCHUSD Bitcoin Cash CFD 4.12 5.26
ETHUSD Etherium CFD 4.13 7
LTCUSD Litcoin CFD 3.01 3.2
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* The average order execution time between the trade being received, processed and confirmed as executed by us is 37 milliseconds. As observed from our bridge provider between 01-06-2021 to 30-06-2021. FP Markets was rated by Investment Trends as the Best for Quality of Trade Execution 2019

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