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