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.

[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]

Basically every trader need a broker to run and execute their forex business. We the trader use the trading platform given by the forex broker, which has different trading facilities to execute the forex business. And spread is the commission they take from us. This commission they took from the difference between the bid prices and ask price.so, lowest spreads broker is always good for trading. That’s why I have chosen TopFX24, because they are providing me variable spreads facility.

[Brendan Hill]

There is no doubt that nothing is free in today’s world. We small scale traders require a professional medium to get connected with forex market easily and broker is that medium which provides a common platform to the traders and investors. In exchange of trading facilities provided by the broker, they charge some service fees, commissions, etc. One such source of revenue of broker is spread, the difference between the ask price and bid price.

[uncle gober]

the existing facilities should be maximized by the trader so that it can improve the existing skills and trading experience for the better, therefore traders should also be able to better and be more leverage in reading the provisions that exist for can more leverage when utilizing it.
 

[DoreenBecker]

You should search for a broker that you will have benefits of using their platform like accurate Forex quotes, Reliable deal execution, Good order placement, Management of accounts, Powerful tools, and also competitive spread because Spreads are priced as a unit or as pairs in future exchanges to ensure the simultaneous buying and selling of a security.