Understanding Spreads
Spreads represent the difference between the bid and ask price of a trading instrument. They are a key factor in determining the cost of trading and can vary based on account type and market conditions.
OctaFX Account Types
OctaFX offers several account types, each with its own spread structure. These include the Micro Account, the Prime Account, and the ECN Account, catering to different trading needs and preferences.
Spread Details by Instrument
The spread list varies across different financial instruments such as Forex, CFDs, and cryptocurrencies. OctaFX provides competitive spreads on major currency pairs, as well as on a wide range of indices and commodities.
Factors Affecting Spreads
Several factors influence the spread sizes, including market volatility, liquidity, and the specific trading instrument. Understanding these factors can help traders anticipate changes in spread costs.
Comparing Spreads
Comparing spreads across different account types and instruments allows traders to choose the most cost-effective options for their trading strategies. It is essential to consider both fixed and variable spreads when making comparisons.
Risk Disclaimer
Trading on financial markets involves the risk of loss of capital. Ensure you understand the risks involved and seek independent financial advice if necessary.
