A spread is the difference between the Buy (Ask) price and the Sell (Bid) price of a symbol. There are two types of spread depending on the account you choose:
- Floating Spread
A floating spread is the difference between the Buy price and the Sell price of a trading instrument that is constantly changing or "floating". This fluctuation happens because the spread is determined by the live market conditions and the liquidity available at that exact moment. This floating spread is having for our Raw, Standard, and Limitless accounts.
To review the minimum spreads for each account type, please visit our Account Overview & Specifications pages. - Fixed Spread
The fixed spread remains constant and does not change, regardless of how volatile the market is. These are used for our Zero Accounts.
Opening a Zero Account with fixed spreads provides traders with the advantage of trading major currency pairs and top assets without worrying about fluctuating spreads.
Important Note: Fixed (Zero) spreads are only applicable to selected instruments (not all). Furthermore, they are only applicable during 90–97% of the trading day. This means that the fixed spread may not be applicable during major news events or rollover periods.
If you are interested in learning more about the Zero Account, please review the article: What is a Zero Spread Account? for full details on how fixed spreads apply.