Spread
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Spread

The Spread is the difference between the BID price and the ASK price

When you Sell a currency pair (e.g. sell EURUSD) you Sell the Bid price (the price on the left)
When you Buy a currency pair (e.g. buy EURUSD) you Buy the Ask price (the price on the right)

Description LION Trader A Company B Company
Spread (EUR/USD) 0.8 pips 3 pips 2 pips
10 lot fees $0.80 $3 $2
100 lot fees $8 $30 $20

What is Pip?

Pip' means 'price interest point' and is a reference to the smallest incremental price move of a currency.
Point' means a fraction of a Pip


The formula for a Pip = lot size x tick size
Example for 1 lot (or 1000 units) of EUR/USD:
1 pip =1,000 (lot size) x .0001 (tick size) = $0.1 USD

Lot Type 1 Lot in units value per pip move
Micro Lots 1,000 $0.1
Mini Lots 10,000 $1
Standard Lots 100,000 $10

※ You can trade from 1,000units at Hirose UK.

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