Spread
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The spread of any currency pair is the difference between the Bid and Ask rate of the two currencies in the pair.

For example, spread for EUR/USD with current Bid rate of 1.4387 and Ask rate of 1.4390 is 3 pips (points).

When a position enters the market, it immediately reflects the revaluation of market value. Under flat market conditions, when entering the market your position may see a negative P/L equivalent to the spread of the currency pair you are trading.

View all currency pair spreads