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Spreads

For Forex, indices, commodities, stocks and futures markets

Forex

Indices

Commodities

Stocks

Futures

Bid

Ask

Spread

EURUSD

1.16921

1.16928

0.00007

GBPUSD

1.34928

1.34946

0.00018

USDJPY

147.417

147.433

0.016

USDCAD

1.36902

1.36914

0.00012

USDCHF

0.79666

0.79678

0.00012

AUDUSD

0.65773

0.65786

0.00013

NZDUSD

0.60065

0.60099

0.00034

USDCZK

21.1034

21.1230

0.0196

AUDCAD

0.90043

0.90063

0.0002

AUDCHF

0.52397

0.52413

0.00016

AUDJPY

96.965

96.988

0.023

AUDNZD

1.09459

1.09506

0.00047

CADCHF

0.58186

0.58204

0.00018

CADJPY

107.673

107.702

0.029

CHFJPY

185.032

185.063

0.031

EURAUD

1.77736

1.77768

0.00032

EURCAD

1.60055

1.60089

0.00034

EURCHF

0.93144

0.93160

0.00016

EURGBP

0.86643

0.86657

0.00014

EURHUF

399.724

400.306

0.582

EURJPY

172.356

172.382

0.026

EURMXN

21.78818

21.79882

0.01064

EURNZD

1.94572

1.94645

0.00073

EURPLN

4.26436

4.27074

0.00638

EURSEK

11.16698

11.18228

0.0153

EURTRY

47.05577

47.08681

0.03104

GBPAUD

2.05095

2.05169

0.00074

GBPCAD

1.84689

1.84757

0.00068

GBPCHF

1.07472

1.07531

0.00059

GBPJPY

198.911

198.945

0.034

GBPNZD

2.24534

2.24647

0.00113

GBPSEK

12.88738

12.90739

0.02001

NOKSEK

0.94172

0.94533

0.00361

NZDCAD

0.82223

0.82279

0.00056

NZDCHF

0.47842

0.47893

0.00051

NZDJPY

88.548

88.605

0.057

SGDJPY

115.091

115.162

0.071

USDCNH

7.17278

7.17513

0.00235

USDHKD

7.84950

7.85022

0.00072

USDHUF

341.848

342.222

0.374

USDMXN

18.63375

18.64425

0.0105

USDNOK

10.12878

10.13632

0.00754

USDPLN

3.64696

3.65514

0.00818

USDSEK

9.55306

9.56382

0.01076

USDSGD

1.27999

1.28085

0.00086

USDTRY

40.16119

40.19619

0.035

USDZAR

17.92804

17.95946

0.03142

GBPCZK

28.4237

28.5578

0.1341

EURCZK

24.6701

24.7048

0.0347

AEDUSD

0.2722

0.2723

0.0001

*The prices on this page are indicative. Prices for instruments with lower liquidity such as but not limited to exotic currency pairs, stocks and indices are not refreshed as often as commonly traded instruments. Please check inside your MT4/MT5 platform for latest live prices

What is the spread in trading?

All symbols are quoted with two prices, the Bid (selling) price and the Ask (buying) price. The Ask price is always greater than the Bid price. The difference between these two prices is referred to as the spread. The spread makes up part of your trading fees whenever you buy or sell.

How is the spread calculated?

The spread is calculated by subtracting the Bid price from the Ask price. For example, if the Bid price for the EURUSD is 1.10050 and the Ask price is 1.10052, the spread is 0.2 pips or 2 points.

How does the spread affect my trades?

The spread is part of your trading fees and affects the cost of your trading. When you enter a trade, the floating unrealized profit starts at a slight loss that is equal to the spread. Because you buy on the Ask price and sell on the Bid price. The asset's price needs to move in the direction of your trade by the amount equal to the spread before the trade reaches break even. This does not take into account any separate commission for your account type.

Do spreads vary between markets?

Yes, spreads vary between different markets and instruments too. Typically, major currency pairs have lower spreads compared to exotic currency pairs and individual stocks.

Are the spreads fixed or floating?

A 'fixed' spread remains constant regardless of market conditions. While a 'floating' or 'variable' spread changes based on market conditions. The spreads at TIOmarkets are variable and come from our liquidity providers. They are narrow during normal market conditions and times when liquidity is high. Spreads can widen during periods of abnormal market conditions when volatility is high or when liquidity is low.

Why do spreads widen and narrow?

The spread depends on the balance or imbalance of supply and demand in the market. Whether it widens or becomes narrow is linked to factors like market liquidity, economic news events and the time of day. When there's strong demand combined with limited supply, or when there are more buyers than sellers, the Ask price often increases causing the spread to widen. On the other hand, when there's excess supply, or when there are more sellers than buyers, the Bid price often decreases causing the spread to widen as well. Spreads can narrow when the market is very liquid with a more balanced volume of buyers and sellers. Higher liquidity can lead to tighter spreads as there are enough orders to absorb the supply and demand from both sides of the market.

Is a lower spread always better?

Generally, a lower spread implies a lower cost of trading. However, the separate commission also needs to be factored in to get the truer cost of opening and closing deals. Further to this, some instruments have higher spreads than others but also have higher average daily price ranges. So the spread should also be considered in relation to the volatility of the instrument being traded.

Are spreads related to margin and leverage?

While the spread refers to the difference between the Bid and Ask prices. Leverage and margin refers to the amount needed to open a trade. The spread does not directly affect leverage and margin.