In the expansive landscape of the forex trading world, pricing and costs significantly influence a trader’s choice of a platform. FxPro, a renowned name in the forex brokerage sector, stands out for its transparent and user-centric pricing structures. This article delves deeper into the spread costs provided by FxPro, assisting both novice and experienced traders in understanding their trading expenses.

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Overview of FxPro’s Spread Offerings

FxPro MT4 Raw Spread account:

  • Features: This account is tailored for traders who prefer a direct market access approach.
  • Spreads: FX & Metals trades are executed with zero mark-ups, offering a true reflection of market conditions.
  • Commission: A transparent commission of $3.50 is levied per lot. It’s crucial to note that this commission is applied during both the opening and closing of a position, leading to a round-turn cost of $7 per lot traded.

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cTrader accounts:

  • Features: This account is designed for traders who seek a blend of lower spreads and a commission-based cost structure.
  • Spreads: Notably lower than many other platforms, particularly for FX & Metals, allowing for potentially better entry and exit points.
  • Commission: A fee of $35 is imposed for every $1 million USD traded. This is charged upon both entering and exiting a trade, making it imperative for traders to factor this into their cost analysis.

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FxPro MT4 & MT5 other accounts:

  • Features: These are the standard accounts which are suitable for a wide range of traders, from beginners to veterans.
  • Spreads: These accounts feature marked-up spreads, enabling FXPro to generate revenue while still offering competitive rates.
  • Commissions: A standout feature is the absence of commissions across all instruments, offering a clear cost structure for traders.
  • Extras: For UK-based clients, Spread betting accounts are also an option, offering tax benefits under current UK legislation.

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Dissecting Forex Spreads

Spread – A Definition: Spread in the forex realm is essentially the price differential between the asking or ‘buy’ price and the bidding or ‘sell’ price for a currency pair. It represents the broker’s earnings on trades, often eliminating the need for additional commissions.

FxPro’s Major Forex Pairs:

  • USD/CHF: This pair denotes the relationship between the US dollar and the Swiss franc, often seen as a ‘safe-haven’ currency.
  • GBP/USD: Known as ‘Cable’, it represents the value of the British pound against the US dollar.
  • USD/JPY: A key pair, it maps the US dollar’s value against the Japanese yen, Asia’s most traded currency.
  • EUR/USD: One of the most traded pairs, it shows the value of the Euro against the US dollar.

Spread Measurement: In forex trading, the term ‘pip’ is of paramount importance. It signifies a minute price movement in a currency pair. While most currency pairs depict a pip as the fourth decimal point, for pairs like the Japanese yen, it’s the second. At FxPro, there’s an added layer of precision, with quotes extending to an extra ‘point’ beyond the conventional pip.

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Dynamics of Spread

Variable Spreads:
These spreads are fluid, mirroring real-time market conditions. Factors like major news events, economic data releases, and geopolitical scenarios can lead to wider spreads.
Fixed Spreads:
Offering stability, these spreads remain unchanged regardless of market events. For instance, FxPro’s MT4 Fixed account keeps the Euro/USD spread at a steady 1.6 pips during specific trading hours.

Calculating Forex Spread: Understanding the spread’s monetary impact is vital. Deduct the bid price from the ask price to determine the spread. Then, this spread value, measured in pips, is multiplied by the trade size to deduce the cost.

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Forex Spread Indicators: A Handy Tool

Spread indicators provide a visual representation of the spread, making them an invaluable tool for traders. By graphically showcasing the bid and ask price difference, traders can quickly gauge the cost before entering a trade. Depending on the trader’s preference, some indicators display a curve, while others show real-time spread values in pips. Currency pairs with high trading volume, or liquidity, usually come with tighter spreads, signifying a lower cost.

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Understanding the nuances of spread costs is pivotal in forex trading. FxPro, with its variety of account types and transparent cost structures, offers traders a platform to navigate the forex waters with confidence. Before diving into trades, it’s always advisable to review the detailed spread information available on the FxPro website, ensuring that one’s trading strategy aligns with the associated costs.

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FAQs about FXPro’s Spread Cost

1. What is the spread on the MT4 Raw Spread account and are there any commissions?
On the MT4 Raw Spread account, spreads are offered without markup on FX & Metals. However, a commission of $3.50 per lot is charged both when you enter and exit a position.
2. How do the spreads differ between the cTrader platform and other account types?
On the cTrader platform account, spreads on FX & metals are lower. There is a commission of $35 per $1 million USD traded, charged both upon opening and closing a position. All other Metatrader 4 & 5 account types have marked-up spreads with zero commission.
3. How can I check the specific spread for a particular instrument on my account?
To check the specific spread, select the “Markets” Tab, choose the underlying category, and click on the instrument of your choice. Remember, spreads are floating and can fluctuate based on market conditions, except for the ‘MT4 Fixed’ account.
4. What is the meaning of “spread” in forex trading?
In forex trading, the spread refers to the difference between the asking price (buy price) and the bidding price (sell price) of a currency pair.
5. How is spread measured and what does a higher or lower spread signify?
Spread is measured using “pips.” A higher spread indicates low liquidity and high volatility, whereas a lower spread suggests high liquidity and low volatility.
6. What’s the difference between variable and fixed spreads?
Variable spreads fluctuate often depending on market conditions. In contrast, fixed spreads remain constant and predetermined according to the broker’s structure, regardless of market conditions.
7. How can traders calculate the spread in Forex?
To calculate the spread in forex, determine the difference between the ask and bid prices. For example, if the U.S Dollar/Canadian Dollar bid price is 1.35600 and the asking price is 1.35650, the spread is 0.0005 (or 5 pips). This value is then multiplied by your trade size.


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