Today, many forex brokers offer lower spreads to attract new clients。But what about FP Markets？Please read further to find out。

In exchange for providing trading services and access to the currency market, Forex brokers usually offer their clients a spread, the difference between the bid and ask prices。This means that the purchase price of the asset is always a little higher than the underlying market, and the sale price is always a little lower than the underlying market.。Basically, spreads are transaction costs measured in "points"。

Spread amounts can vary from broker to broker, so it is important to check each broker to find the one that suits your needs。Most experienced traders prefer changes in focus spreads to minimize expenses, which is particularly useful for scalpers or day traders who trade multiple times in a single trading day。FP Markets Spreads on the original ECN account can be as low as 0.0 point, the spread on the standard account can be as low as 1 point。

FP Markets Spreads and Margins

FP Markets is a well-known broker that has been in business since 2005 and offers more than 10,000 tradable instruments covering various types of assets, including currency pairs, stocks, commodities, metals and cryptocurrencies.。In addition, FP Markets is known for providing award-winning platforms, a variety of market research tools and extremely low transaction costs.。

In FP Markets, all spreads are variable, which means that the spread amount may expand or tighten according to overall market fluctuations. The advantage of this type of spread is that the chance of re-quoting is low。In addition to this, variable spreads provide more transparent pricing, especially when you have access to multiple liquidity providers。

To get the best prices, FP Markets generates real-time quotes from leading international banks and other financial institutions。During the liquidity period, the forex spread of the original ECN account can be as low as 0.0 point, the spread of the standard account can be as low as 1 point。It is worth mentioning that different types of asset spreads vary。For example, the average FX spread of AUD / USD on a standard account is 1.2 pips, the average forex spread on the original ECN account is 0.2 points。At the same time, the average XAG / AUD (precious metals) spread on the standard account is 0.04 pips, the average spread on the original ECN account is 0.032 points。

It is worth noting that commission-free trading is only available for standard accounts; if you use the original ECN account, the broker will charge an additional $3 commission per trade。Most importantly, if you make a deposit or withdrawal in a currency different from the base currency of your account, the broker may charge a swap fee and conversion fee for overnight positions。

How to view the real-time spread of FP Markets in MT4

1. Launch the MT4 platform and log in with your MT4 trading account。If you don't have an account in FP Markets yet, follow the guide。
   Right-click anywhere on the chart and select Properties。
   Open the Home tab and check the Show ask line box, click OK to continue。
   Click "View and Select Market Watch"。
   To view the spread for a specific symbol or currency, right-click anywhere on the Market Watch window and select Spread。
   A separate column displays the spread of each currency pair, commodity, or index。Note, however, that spreads are quoted at MT4 points。If you want to convert it to a point, just divide the number by 10。

Different assets, different differences

As mentioned earlier, the spread amount varies depending on the asset you use, and all spreads in FP Markets are floating。To give you an idea of the average spreads provided by FP Markets, let's look at the following table。

foreign exchange spread

Currency pairs	average point difference
	Standard Account	Original ECN Account
AUD Australian Dollar / JPY Japanese Yen	1.6	0.5
EUR EUR / NZD New Zealand Dollar	2	0.9
GBP GBP / CAD CAD	1.9	0.8
USD USD / CHF CHF	1.7	0.5
USD USD / CNH RMB	2	0.9

precious metal spread

Currency pairs	Average Spread
	Standard Account	Original ECN Account
XAG Silver / AUD AUD	0.04	0.032
XAG Silver / USD USD	0.02	0.014
XAU Gold / EUR	0.4	0.22
XAU Gold / USD USD	0.21	0.07
XPD palladium/ USD USD	14.61	-

Index CFD Spreads

Currency pairs	Standard Account Average Spread
AUS200	1.61
CHINA50	8.01
EURO50	1.79
UK100	1.62
US100	1.53

Commodity CFD spreads (MT4 / MT5)

Currency pairs	Standard Account Average Spread
Coco	2.65
Coffee	0.9
Corn	0.71
Soybean	1.12
Wheat	2.12

Cryptocurrency Spread

Currency pairs	Standard Account Average Spread
BTC Bitcoin / USD USD	18.66
DOT Polka / USD	0.029
ETH Ether / USD USD	5.16
LNK / USD USD	0.029
SOL / USD USD	0.666

Tips to Reduce Spread

Variable spreads may vary according to market conditions, and the amount varies for each currency pair and account type you use to trade。Therefore, you need to think about your trading plan to get the best spread。

Spreads can reveal a lot of useful information for traders, such as time, volatility and liquidity。Major currency pairs such as GBP / USD tend to have lower spreads compared to foreign currency pairs such as USD / Kenyan Shilling。In foreign exchange trading, there are 8 major currencies that account for about 85% of the market value of foreign exchange.。Therefore, if you wish to trade with a lower spread, it is highly recommended that you open a position on a major currency pair。

Another thing traders should also pay attention to is trading hours。When market liquidity is high and volatility is low, lower spreads usually occur, so many traders like to trade in major foreign exchange trading sessions with very high liquidity; if they trade when liquidity is low, they need to be prepared for high costs. One example is trading the Australian dollar at night in Australia。During this period, there were not many active participants and many financial markets that could affect foreign exchange were closed.。As a result, liquidity is low and spreads are usually high。

Conclusion

FP Markets offers the lowest spread in the industry, with a spread of 0 for the original ECN account.0 point, the spread of the standard account is 1 point; the rest of the transaction fees are also relatively low, suitable for almost any type of trader in the market。Since spreads are constantly changing, it is important to regularly check for real-time updates on the cost of each currency you wish to trade。Make sure you choose the right tool and time to get the best deal。

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FP Markets is a trusted global broker offering over 10,000 CFDs products covering Forex, Stocks, Indices, Commodities and Cryptocurrencies。The broker offers low commissions and as low as 0% through partnerships with leading banks and non-bank financial institutions..Original spread of 0 points。