What is spread?

[Ross Edwards]

Broker is the one who give us their platform and facilities for trading directly into forex market which is not possible for small investors like us to do. For delivering its service they surely will take their service charge and spread is their service charge in forex. The difference between ask and bid is known as spread which is legal revenue fact of broker. I get 1 pip fixed spread on major pairs from my broker AAFX.

[chetanepic]

If you are going to buy and sell anything you need to know that there are 2 prices or value for each currency pair. The very first is one at which you will buy named “ask Price” and another one is at which you can sell which named as “Bid Price” and the difference between both prices is called spread.

[Jimmy Adams]

The gap between ASK and BID is called spread. It addresses brokerage advantage costs and replaces transactions charges. Spread is for the most part implied in pips – a rate in point, which implies fourth decimal place in currency reference. Following sorts of spreads are used as a piece of Forex Trading. I have the low trading spread from 0.1 with my broker MaximusFx. It offers tight market spreads. This is a noteworthy good position for traders. As I have the most negligible spread I can extend my advantage level to a consistently expanding degree. You can trust them with your money.

[Noah Jackson]

Spread is basically the revenue forex broker keep for the services they are providing to us. Without forex brokers it is impossible for a trader to do forex trading directly in to the market. My forex broker is TopFX24, which is the best for tight spreads facility in the market. They are providing 0.9 pips spreads facility. They have 2 USD forex rebate facility which helps to increase our profit.

[Brendan Hill]

Forex is the exchange of foreign currencies so in forex market players are converting one country’s currency for another. So currency pairs and the spread in foreign currency transaction are the two important elements in any forex trading. Spread is the difference in ask price and bid price of a currency pair. The lower the spread, the better it is. As a scalper, I am working with a trading platform that is giving me low spread and low transaction cost so that I can earn sufficient profit.

[Billy Jury]

I've been waiting for almost two months, only to get a reply from the LiteForex. Liteforex cancel my withdrawal 95$ and deleted my balance about 50$. My withdraw canceled, and my balance deleted by LiteForex. I have several times spoken to costmer service, I've sent an email more than 25 times, but they only reply once, and the answer is not very satisfactory. Such a scam broker I got. Be alert traders of them.