Spreads

Prices for currency pairs are quoted in pips or pip spreads. The spreads, defined as the distance between the bid price and the ask price, are always visible to the client on the trading platform.

The spreads will constantly vary depending on market conditions such as volatility and liquidity and accordingly we can never guarantee a certain spread. You will, in order to get an understanding of the spreads, be able to see the:

Lowest Possible Spread, defined as the lowest possible spread we will, on occasion, provide you, and

Expected Average Spread, defined as the average spread we would expect you to see, in the table below.

You can see our tight historical spreads here.

Notes to Spreads:

1. ForexTrading.com clients pay spreads, not commissions and there is no minimum ticket fee.
2. Most of your trades will be auto-executed, meaning there will be no manual approval of your trades. If, however, your trade size exceeds an auto-execution limit, one of our dealers may take a few seconds to process your trade. There are details on auto-execution limits in the trading platform under “Account”, “Trading Conditions”.
3. The auto-execution system also takes account of the cumulative volume traded on a pair by a single client within a short period of time (the ‘reload period’). So, spreads may widen if a client trades many times on the same pair during the reload period. This helps eliminate manual intervention and delays in auto-execution. After the reload period elapses, spreads will narrow again.
4. The best minimum spreads are available below a 'volume threshold', but is normally 500,000 of the base currency. For trades larger than the volume threshold, ForexTrading.com spreads will widen. Details of ForexTrading.com spreads and the volume threshold can be found in both the LIVE and PRACTICE trading platforms under “Account”, “Trading Conditions”.
5. ForexTrading.com accepts ‘no-slip’ stop orders up to 3 million of the base currency on the major currency pairs. This means that we try to fill your orders at the exact price you specify. But to place a no-slip stop order the order must be placed at a minimum distance from the current market price. (See the table below for supported currency pairs and the the minimum distances.) We can only fill no-slip stop orders without slippage if the market price does not ‘gap’, or jump by this minimum distance or more from the stop price. If the market price does gap orders will be filled at the next available price.

The spreads referred to above may vary from time to time especially for very active or inactive customers. ForexTrading.com reserves the right to amend the spreads, brokerage fees, margin rates and interest rates referred to according to the General Business Terms or Trading Agreement covering the client relationship between ForexTrading.com and the Client.