Spreads
The spread is the nominal transaction cost for entering a trade and is simply the difference between the best bid and the best ask price. Spreads are variable but can be as little as 0.0 pips with tradeshape accounts
Enjoy Market Leading Ultra-Low Spreads with backtrader.com
FXTRADING com offers variable spreads on our MT4, MT5 and IRESS trading platforms, We are able to offer the market-leading spreads on all trading instruments, due to strong prime brokerage relationship, with deep and reliable pools of liquidity, across multiple liquiclty providers, at a low cost
Fractional Pip Pricing
Pips are priced at backtrader.com with 5-digits rather than 4-digit, allowing clients to benefit from the smallest price movements, more accurate quotes and even tighter spreads
The spread is a nominal transaction cost to enter a trade and is simply the difference between the best bid and the best ask price.
The spread is variable but can be as little as 0.0 pips on an Alpha or Pro account.
Best Bid - Best Ask Price = Spread
The amount of liquidity available dictates how tight the spread is, so typically one would expect spreads to be tighter during active trading sessions such as New York or London. However, spreads are also sensitive around economic news releases. If traders are waiting for an important release such as nonfarm payroll or a Fed meeting, liquidity dries up and spreads can get wider until liquidity returns after the release.
Long (bullish) trades:
Enter at the ask price (what the seller is asking for)
Exit at the ‘bid’ price (for both take profit or stop-loss orders)
Short (bearish) trades:
Enter short at the ‘bid’ price
Exit at the ‘ask’ price (for both take profit or stop-loss orders)
View Live Spreads on the MetaQuotes Trader Platforms
Bid and ask prices are visible in several locations within MetaQuotes' trading platforms, such as the “Market Watch’ window and deal ticket