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Spreads

For Forex, indices, commodities, stocks and futures markets

Forex

Indices

Commodities

Stocks

Futures

Bid

Ask

Spread

EURUSD

1.15082

1.15084

0.00002

GBPUSD

1.34376

1.34382

0.00006

USDJPY

147.249

147.253

0.004

USDCAD

1.37619

1.37627

0.00008

USDCHF

0.81702

0.81707

0.00005

AUDUSD

0.64170

0.64174

0.00004

NZDUSD

0.59273

0.59276

0.00003

USDCZK

21.5635

21.5791

0.0156

AUDCAD

0.88308

0.88319

0.00011

AUDCHF

0.52426

0.52435

0.00009

AUDJPY

94.490

94.498

0.008

AUDNZD

1.08258

1.08269

0.00011

CADCHF

0.59368

0.59377

0.00009

CADJPY

106.997

107.007

0.01

CHFJPY

180.220

180.236

0.016

EURAUD

1.79327

1.79340

0.00013

EURCAD

1.58365

1.58377

0.00012

EURCHF

0.94023

0.94030

0.00007

EURGBP

0.85641

0.85643

0.00002

EURHUF

403.442

403.598

0.156

EURJPY

169.456

169.462

0.006

EURMXN

22.13476

22.14394

0.00918

EURNZD

1.94141

1.94155

0.00014

EURPLN

4.26836

4.26974

0.00138

EURSEK

11.13679

11.13944

0.00265

EURTRY

45.75365

45.78188

0.02823

GBPAUD

2.09397

2.09414

0.00017

GBPCAD

1.84918

1.84934

0.00016

GBPCHF

1.09784

1.09797

0.00013

GBPJPY

197.864

197.875

0.011

GBPNZD

2.26695

2.26717

0.00022

GBPSEK

13.00336

13.00803

0.00467

NOKSEK

0.95618

0.95784

0.00166

NZDCAD

0.81569

0.81578

0.00009

NZDCHF

0.48426

0.48434

0.00008

NZDJPY

87.280

87.287

0.007

SGDJPY

114.170

114.191

0.021

USDCNH

7.18529

7.18642

0.00113

USDHKD

7.84972

7.85015

0.00043

USDHUF

350.586

350.714

0.128

USDMXN

19.23361

19.24268

0.00907

USDNOK

10.11186

10.11484

0.00298

USDPLN

3.70827

3.71024

0.00197

USDSEK

9.67661

9.68051

0.0039

USDSGD

1.28954

1.28974

0.0002

USDTRY

39.71641

39.74270

0.02629

USDZAR

18.06916

18.07899

0.00983

GBPCZK

28.9193

29.0534

0.1341

EURCZK

24.8058

24.8405

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.