Forex Spreads

Forex Spreads
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

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 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 parametre to consider when you choose a 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. 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 that some major currency pairs like the EUR/USD, GBP/USD or USD/JPY, Which tend to have more liquidity, also have lower spreads than emerging currency pairs such as the USD/INR.

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 ECN accounts and 1.0 pips on Standard accounts.

FP Markets Forex Trading Accounts

Spreads

From 1.0 pips

Commission

Zero

Minimum Deposit

50 USD / EUR / GBP

Maximum Leverage

30:1

Spreads

From 0.0 pips

Commission

$3.0

Minimum Deposit

50 USD / EUR / GBP

Maximum Leverage

30:1

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
USD $3 $6
EUR €2.75 €5.5
GBP £2.25 £4.5
Commodities 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

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 or MT5 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.

Up-to-date CFD Spreads for each underlying asset offered by the FP Markets can be found on MetaTrader 4 / MetaTrader 5 Platform. Please follow the below steps:


MT4:
On MT4 Platform go to “Market Watch” section
Right-click anywhere in Market Watch box and click “Spread”

Spreads

(Nov 2022)

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 1.3 0 0.5
AUDCHF Australian Dollar vs Swiss Franc 1.6 0 0.5
AUDJPY Australian Dollar vs Japanese Yen 1.6 0 0.5
AUDNZD Australian Dollar vs New Zealand Dollar 1.4 0 0.6
AUDSGD Australian Dollar vs Singapore Dollar 4.1 0 2.6
AUDUSD Australian Dollar vs US Dollar 1.2 0 0.2
BWPUSD Botswanan Pula vs US Dollar 1.7 0.8 0.9
CADCHF Canadian Dollar vs Swiss Franc 1.3 0 0.5
CADJPY Canadian Dollar vs Japanese Yen 1.6 0 0.5
CHFJPY Swiss Franc vs Japanese Yen 2.1 0 1
CHFSGD Swiss Franc vs Singapore Dollar 5.3 0.9 4.2
EURAUD Euro vs Australian Dollar 1.6 0 0.5
EURCAD Euro vs Canadian Dollar 2.2 0 0.6
EURCHF Euro vs Swiss Franc 1.5 0 0.4
EURCZK Euro vs Czech Koruna 108.8 0 88.6
EURDKK Euro vs Danish Krone 18.7 2.4 12.8
EURGBP Euro vs Great Britain Pound 1.4 0 0.3
EURHUF Euro vs Hungarian Forint 242.6 0 39.1
EURJPY Euro vs Japanese Yen 1.6 0 0.5
EURMXN Euro vs Mexican Peso 84.9 0 64.9
EURNOK Euro vs Norwegian Krone 59.2 0 51.7
EURNZD Euro vs New Zealand Dollar 2 0 0.9
EURPLN Euro vs Polish Zloty 28.5 0 25.2
EURSEK Euro vs Swedish Krona 66.7 0 61.2
EURSGD Euro vs Singapore Dollar 4.1 0 3
EURTRY Euro vs Turkish Lira 299.9 91.3 296.8
EURUSD Euro vs US Dollar 1.1 0 0.1
EURZAR Euro vs South African Rand 136.1 14 124.5
GBPAUD Great Britain Pound vs Australian Dollar 1.8 0 0.7
GBPCAD Great Britain Pound vs Canadian Dollar 1.8 0 0.7
GBPCHF Great Britain Pound vs Swiss Franc 2.2 0 1.1
GBPDKK Great Britain Pound vs Danish Krone 25.1 4.9 19.1
GBPJPY Great Britain Pound vs Japanese Yen 1.9 0 0.8
GBPMXN Great Britain Pound vs Mexican Peso 102.9 17 82.9
GBPNOK Great Britain Pound vs Norwegian Krone 66.5 6.4 59
GBPNZD Great Britain Pound vs New Zealand Dollar 2.8 0 1.3
GBPPLN Great Britain Pound vs Polish Zloty 45.3 8.9 43.8
GBPSEK Great Britain Pound vs Swedish Krona 105.3 19.3 100.6
GBPSGD Great Britain Pound vs Singapore Dollar 5.3 0 4.1
GBPTRY Great Britain Pound vs Turkish Lira 493.9 67.9 487.6
GBPUSD Great Britain Pound vs US Dollar 1.3 0 0.3
NZDCAD New Zealand Dollar vs Canadian Dollar 1.4 0 0.6
NZDCHF New Zealand Dollar vs Swiss Franc 1.4 0 0.6
NZDJPY New Zealand Dollar vs Japanese Yen 1.6 0 0.5
NZDSGD New Zealand Dollar vs Singapore Dollar 5.9 2.4 4.8
NZDUSD New Zealand Dollar vs US Dollar 1.4 0 0.2
USDBRL US Dollar vs Brazilian Real 42.7 22.4 32.7
USDCAD US Dollar vs Canadian Dollar 1.3 0 0.3
USDCHF US Dollar vs Swiss Franc 1.6 0 0.4
USDCLP US Dollar vs Chilean Peso 1140.8 10 1129.9
USDCNH US Dollar vs Chinese Yuan 1.9 0 0.8
USDCOP US Dollar vs Colombian Peso 7545.9 5900 7528.2
USDCZK US Dollar vs Czech Koruna 116.8 0 99.4
USDDKK US Dollar vs Danish Krone 17.1 0 11.1
USDHKD US Dollar vs Hong Kong Dollar 8.2 1.2 7.1
USDHUF US Dollar vs Hungarian Forint 253.5 0 43.4
USDINR US Dollar vs Indian Rupee 21.6 10 11.6
USDJPY US Dollar vs Japanese Yen 1.3 0 0.2
USDKES US Dollar vs Kenyan Shilling 9997.2 3210 9995.5
USDKRW US Dollar vs Korean Won 73.1 19 63.2
USDMXN US Dollar vs Mexican Peso 52.2 0 46.3
USDNOK US Dollar vs Norwegian Krone 49.1 0 40.6
USDPLN US Dollar vs Polish Zloty 29.4 0 25.7
USDSEK US Dollar vs Swedish Krona 59.2 0 50.5
USDSGD US Dollar vs Singapore Dollar 2.2 0 1.4
USDTHB US Dollar vs Thai Baht 216.5 30 196.8
USDTRY US Dollar vs Turkish Lira 353.4 28.4 348.6
USDTWD US Dollar vs New Taiwan dollar 2.7 0.5 1.9
USDUGX US Dollar vs Ugandan Shilling 520 510 510
USDZAR US Dollar vs South African Rand 94.9 0 84
USDZMW US Dollar vs Zambian Kwacha 1514.2 1135 1498.6

Metal Spreads

Symbol Product Standard A/c Raw ECN A/c
  Avg Min Avg
XAGAUD Silver vs Australian Dollar 0.04 0.01 0.032
XAGEUR Silver vs Euro 0.02 0.004 0.012
XAGUSD Silver vs US Dollar 0.02 0 0.013
XAUAUD Gold vs Australian Dollar 0.59 0.06 0.49
XAUEUR Gold vs Euro 0.38 0.01 0.2
XAUUSD Gold vs US Dollar 0.22 0 0.08
XPDUSD Palladium vs US Dollar 13.39 - -
XPTUSD Platinum vs US Dollar 4.4 - -

Indices Spreads

Symbol Product   Standard A/c
    Min Avg
AUS200 Australia 200 Index vs Australian Dollar Cash - 1.63
CHINA50 China A50 Index vs US Dollar Cash - 7.74
EURO50 Euro 50 Index vs Euro Cash - 1.84
FRA40 CAC 40 Index vs Euro Cash - 1.82
GER40 German 40 Index vs Euro Cash - 1.26
HK50 Hang Seng Index vs Hong Kong Dollar Cash - 6.02
INDIA50 India Nifty 50 Index vs US Dollar Cash - 15.53
ITA40 Italy 40 index vs Euro Future - 12
JP225 Japan 225 Index vs Japanese Yen Cash - 6.31
SPA35 Spain 35 Index vs Euro Cash - 6.6
UK100 UK100 Index vs Great Britain Pound Cash - 1.66
US100 US Tech 100 Index vs US Dollar Cash - 1.51
US30 US 30 Index vs US Dollar Cash - 1.94
US500 US 500 Index vs US Dollar Cash - 0.5
USDX USD Index Basket vs US Dollar Future - 0.05
VIX VIX Index Cash vs US Dollar Future - 0.16

CFD Commodities (MT4/MT5)

Symbol Product   Standard A/c
    Min Avg
COCOA Cocoa vs US Dollar Cash - 2.5
COFFEE US Coffee vs US Dollar Future - 0.91
CORN Corn vs US Dollar Cash - 0.69
SOYBEANS Soybeans vs US Dollar Cash - 1.09
WHEAT Wheat vs US Dollar Cash - 2.09
WTI West Texas Intermediate Crude Oil vs US Dollar Future - 0.04
XBRUSD Brent Crude Oil vs US Dollar Cash - 0.04
XNGUSD Natural Gas vs US Dollar Cash - 0.02
XTIUSD West Texas Intermediate Crude Oil vs US Dollar Cash - 0.05

Cryptocurrency Spreads

Symbol Product   Standard A/c
    Min Avg
ADAUSD Cardano vs US Dollar - 0.0024
BCHUSD Bitcoin Cash vs US Dollar - 4.12
BTCUSD Bitcoin vs US Dollar - 9.92
DOGUSD Dogecoin vs US Dollar - 0.00113
DOTUSD Polkadot vs US Dollar - 0.027
EOSUSD EOS vs US Dollar - 0.0037
ETHUSD Etherium vs US Dollar - 4.57
LNKUSD Chainlink vs US Dollar - 0.026
LTCUSD Litecoin vs US Dollar - 0.31
RPLUSD Ripple vs US Dollar - 0.0029
SOLUSD Solana vs US Dollar - 0.652
XLMUSD Stellar vs US Dollar - 0.00215
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