Spreads
If You have a plunge in the field of forex trading surely You have been familiar with the term spread, but if You are just starting or are considering to start Finex will help You have the fundamental understanding about the spread.
The Spread is defined as the difference between the selling price and the buying price of a specific currency. When You do a sell transaction, the spread will be subject to the points range from 2 up to dozens of points depends of the pair (the pair) currency You prefer to trade. The Spread is what are the benefits of forex trading transactions.
From every forex trading you do, You will be charged the spread as a transaction cost. Thus, the lower spreads charged on transactions, then the higher the profit that You get.
How can the trading spread from PT Finex benefit you?
Low spreads, starting from 0.5 pip
To keep spreads always low, we strive to obtain optimal prices from all of our liquidity providers. We evaluate real-time prices from all of our liquidity providers, so we can offer our clients the best prices (ask and bid). Our electronic price engine allows us to update the price of each currency pair 3 times in 1 second, and thanks to this, our prices always represent the current conditions of the global market.
Spread fixed atau floating?
Finex operates with floating spreads, such as between banks on the Forex market, because fixed spreads are usually higher than floating spreads. If you trade with a fixed spread, you are required to pay insurance costs.
Quite often, Forex brokers that offer fixed spreads apply trading restrictions when there is news - and this causes your insurance to be useless. Finex does not apply trading restrictions when news comes out.
Fractional pip price
Finex also offers fractional pip prices to get the best prices from various liquidity providers we have. Compared to 4-digit quotes, clients can enjoy the benefits of even the smallest price movements by adding the 5th digit (fractional).
With fractional pip prices, you can trade with even tighter spreads and enjoy accurate price quotes.