what is Spread? And handling fee?
The spread is the bid-ask spread between the market bid price and the ask price, for example, If the euro sells to the dollar at 1.08895 and the buy price is 1.08883, the difference (12) is the spread. At tfbmarking, traders can benefit from our extensive network of foreign exchange liquidity providers, which enables tfbmarking to offer extremely low bid-ask spreads on major currency pairs to help reduce your transaction costs.
Our advanced execution algorithm can take advantage of this Liquidity, To provide customers with the best bid and sell price. Therefore, the spreads we provide are not only low, but also stable in the industry , This feature is reflected in the news release and market volatility More obvious. The spread is actually the cost of our transaction ,onForex MarketThis is almost the only one in the transaction transaction cost, equivalent to stock trading中brokersThe transaction fee charged, we do not charge a handling fee.
Buy The purchase price (Bid) is 1.16775, and the selling price (Ask) is < Span style=”font-family: Calibri;”>1.16790, there is a spread between 15 points between the bid and ask prices. If you want to buy one at this timeEUR, will be at 1.16790 deal, Profit and loss will show 15 points, ie -15 USD (15*$1=$15) loss value.
Based on different volatility and effective liquidity, FTXBROKER’s bid-ask spread is floating, and the floating spread will change at any time. The floating spread reference can be viewed in the following figure: