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Spread
Spread
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.
