Spreads on exotics: what do you actually see?
Exotic spreads vary enormously by broker, and the differences are worth real money on each trade. Members comparing actual numbers build the map that marketing never provides.
Post:
- the broker and the exotic pair
- the typical spread in your session
- how it behaves around news
The trading costs guide explains how spread eats into exotics specifically.
Background: The real cost of a forex trade: spread, commission and swap
Every trade has costs, and they are easy to underestimate. Here is how to add up the spread, commission and overnight swap on a position.
What is a spread in forex?
The difference between the bid (sell) and ask (buy) price. You pay it every time you open a trade, and it widens when the market is less liquid.
Is a raw spread account cheaper?
Not automatically. Add the spread and the round-trip commission together and compare the total with a spread-only account's typical spread on the pairs you trade.
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