Spread is essentially the difference between the bid and the ask price. As traders always trade one currency for another, forex currencies are always quoted in terms of what the price is currently compared to another. To make things easy they are written in pairs. E.g. AUD/USD (Australian Dollar/US Dollar – AUD is the ‘base currency’ and USD is called the ‘counter’. If it took $1.5 AUD to buy $1 USD this would be written as 1.5/1.
If you choose to open and trade on a VT Markets RAW ECN account, you will find some of the lowest spreads in the industry. Trade on institutional grade liquidity, sourced directly from some of the world’s biggest banks with absolutely no mark-up applied at our end. This sort of liquidity and access to tight spread as low as zero, is no longer just the domain of hedge funds.
1. Open the Market Watch on the VT Markets MT4 Platform.
2. Right click inside the Market Watch and click ‘Spreads’
3. You will now have a 4th column displaying the Spread for each Forex currency pair, Commodity or Indices market.
For Standard STP account
For RAW ECN account
Please refer to the following table for a full list of RAW ECN commission charges, in the denomination of your trading account. We have split the table between commission per 0.01 lots and 1.00 lots to make it easier for you to calculate, depending on your trading volume.
