Spread is essentially the difference between the bid and the ask price. As traders always trade one currency for another, forex currencies are always quoted in terms of what the price is currently compared to another. To make things easy they are written in pairs. E.g. AUD/USD (Australian Dollar/US Dollar – AUD is the ‘base currency’ and USD is called the ‘counter’. If it took $1.5 AUD to buy $1 USD this would be written as 1.5/1.
If you choose to open and trade on a AlphaTick Alpha account, you will find some of the lowest spreads in the industry. Trade on institutional grade liquidity, sourced directly from some of the world’s biggest banks with absolutely no mark-up applied at our end. This sort of liquidity and access to tight spread as low as zero, is no longer just the domain of hedge funds.
Right click inside the Market
Watch and click ‘Spreads’
3. You will now have a 4th column displaying the Spread for each
Forex currency pair, Commodity or Indices market.
For Standard account
| Currency Pairs | Spreads (ref only) |
|---|---|
| EURUSD | from 1.3 |
| GBPUSD | from 1.8 |
| AUDUSD | from 1.6 |
| USDJPY | from 1.5 |
For Alpha account
| Currency Pairs | Spreads (ref only) |
|---|---|
| EURUSD | from 0.0 |
| GBPUSD | from 0.6 |
| AUDUSD | from 0.4 |
| USDJPY | from 0.5 |
Please refer to the following table for a full list of RAW ECN commission charges, in the denomination of your trading account. We have split the table between commission per 0.01 lots and 1.00 lots to make it easier for you to calculate, depending on your trading volume.
| Trading Account Currency |
Commission per 1 lot (100,000 base currency) |
Commission per 0.01 lot (1,000 base currency) |
|---|---|---|
| AUD - Australian Dollar | AUD $0.03 (round turn $0.06) | AUD $3 (round turn $6) |
| USD - US Dollar | USD $0.03 (round turn $0.06) | USD $3 (round turn $6) |
| GBP - Pound Sterling | GBP £0.02 (round turn £0.04) | GBP £2 (round turn £4) |
| EUR - Euro | EUR €0.025 (round turn €0.05) | EUR €2.5 (round turn € 5) |
| CAD - Canadian Dollar | CAD $0.03 (round turn $0.06) | CAD $3 (round turn $6) |
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Risk Warning: Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary.
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