Spread is the primary and underlying cost in trading currencies. It is the difference between the buy and sell price at that moment. Spread is not static, contrary to popular belief, it changes sporadically. It is directly proportional to volatility in the market as it tends to spike during high impact news release. Hence, it varies from broker to broker. We, at FRXE, as part of our transparency policy render our spread rates here.
| SYMBOL | DESCRIPTION | MINIMUM SPREAD | TYPICAL SPREAD | CONTRACT SIZE | PIP PRICE (USD/LOT) | SWAP SHORT PIPS | SWAP LONG PIPS |
|---|---|---|---|---|---|---|---|
| EUR/USD | Euro vs. US Dollar | 0.4 | 1.2 | 100000 EUR | 10.00 | -0.19 | -0.21 |
| GBP/USD | British Pound vs US Dollar | 0.4 | 1.8 | 100000 GBP | 10.00 | -0.48 | -0.28 |
| USD/JPY | US Dollar vs. Japanese Yen | 0.4 | 0.8 | 100000 USD | 8.83 | -0.37 | -0.11 |
| USD/CHF | US Dollar vs. Swiss Franc | 0.4 | 1.4 | 100000 USD | 10.00 | -0.21 | -0.01 |
| AUD/USD | Australian Dollar vs. US Dollar | 0.7 | 1.1 | 100000 AUD | 10.00 | -1.9 | 0.58 |
| NZD/USD | New Zealand Dollar vs. US Dollar | 0.7 | 1.5 | 100000 NZD | 10.00 | -0.92 | 0.19 |
| USD/CAD | US Dollar vs. Canadian Dollar | 0.7 | 1.5 | 100000 USD | 7.62 | -0.01 | 0.42 |
| BTC/USD | Bitcoin vs US Dollar | 2 | 11.8 | 1 BTC | 10.00 | -0.2 | -0.2 |
| LTC/USD | Litecoin vs US Dollar | 1 | 15.3 | 100 LTC | 10.00 | -0.2 | -0.2 |
| ETH/USD | Ethereum vs US Dollar | 3 | 30.1 | 10 ETH | 10.00 | -0.2 | -0.2 |
| XRP/USD | Ripple vs Dollar | 1.2 | 13.3 | 10000 XRP | 10.00 | -0.2 | -0.2 |
| EUR/GBP | Euro vs British Pound | 0.7 | 1.3 | 100000 EUR | 13.13 | -0.1 | -0.26 |
| EUR/CHF | Euro vs Swiss Franc | 0.7 | 1.2 | 100000 EUR | 10.00 | -0.19 | -0.13 |
| EUR/JPY | Euro vs Jappanses Yen | 0.7 | 1.3 | 100000 EUR | 8.83 | -0.26 | -0.07 |
| GBP/JPY | British Pound vs Japanese Yen | 0.8 | 2.2 | 100000 GBP | 8.83 | -0.43 | -0.01 |
| GBP/CAD | British Pound vs. Canadian Dollar | 0.8 | 2.1 | 100000 GBP | 7.62 | -0.24 | -0.54 |
| CHF/JPY | Swiss Franc vs. Japanese Yen | 0.8 | 1.8 | 100000 CHF | 8.83 | -0.05 | -0.16 |
| AUD/JPY | Australian Dollar vs. Japanese Yen | 1 | 1.6 | 100000 AUD | 8.83 | -1.49 | 0.39 |
| NZD/JPY | New Zealand Dollar vs. Japanese Yen | 1 | 2.1 | 100000 NZD | 8.83 | -0.74 | 0.17 |
| CAD/JPY | Canadian Dollar vs. Japanese Yen | 1 | 1.1 | 100000 CAD | 10 | -0.39 | -0.04 |