Forex or foreign exchange, is the most widely traded market in the world, boasting a daily turnover of more than $US7 trillion per day. One of the ways you pay for the opportunity to trade in the Forex market is through the broker’s spreads, or the difference between the bid and ask prices, commonly referred to as the bid/ask spread. Consequently, the size of the spread is important: a small spread reduces trading costs and a larger spread increases cost.
FP Markets works with a diverse liquidity mix. Partnerships with leading banking and non-banking financial institutions are key in consistently delivering tight spreads to our traders, beginning as low as 0.0 pips.