Live FX Rates

    Knowing the transaction costs associated with your trading

    Trading Costs

    With Ultimate Transparency

    Check out our typical spreads and swaps below.

      • Instrument Minimum Spread Typical Spread Long Position Short Position
        AUDCAD 0 1.3 -2.408 -0.757
        AUDCHF 0 0.9 -0.110 -3.149
        AUDJPY 0 0.9 -1.859 -1.965
        AUDNZD 0 1.4 -2.832 -1.320
        AUDUSD 0 0.1 -2.112 -1.489
        CADCHF 0 1.4 0.637 -3.627
        CADJPY 0 1.1 -0.999 -2.510
        CHFJPY 0 1.5 -5.693 -0.826
        EURAUD 0 1.1 -5.818 -1.279
        EURCAD 0 1.2 -6.723 0.330
      • Instrument Minimum Spread Typical Spread Long Position Short Position
        EURCHF 0 1.3 -2.408 -3.798
        EURGBP 0 0.9 -0.110 -0.670
        EURJPY 0 0.9 -1.859 -1.778
        EURNOK 0 0.9 -1.859 -0.553
        EURNZD 0 0.9 -1.859 -0.424
        EURPLN 0 0.9 -1.859 -0.857
        EURSEK 0 0.9 -1.859 -1.087
        EURTRY 0 0.9 -1.859 322.811
        EURUSD 0 0.9 -1.859 -1.114
        GBPAUD 0 0.9 -1.859 -4.003
      • Instrument Minimum Spread Typical Spread Long Position Short Position
        GBPCAD 0 2.1 -4.193 -2.127
        GBPCHF 0 1.8 -0.126 -6.170
        GBPJPY 0 1 -3.229 -4.157
        GBPNZD 0 3.4 -4.941 -3.190
        GBPUSD 0 0.3 -3.686 -3.271
        NZDCAD 0 1.5 -1.727 -1.495
        NZDCHF 0 1.3 0.277 -3.514
        NZDJPY 0 1.1 -1.296 -2.502
        NZDUSD 0 0.3 -1.559 -2.018
        SGDJPY 0 - -0.3812 -0.5729
      • Instrument Minimum Spread Typical Spread Long Position Short Position
        USDCAD 0 0.2 -3.178 -2.076
        USDCHF 0 0.4 -0.221 -4.807
        USDCNH 0 7 -9.6073 2039516
        USDHKD 0 6.5 -4.5453 -4.6727
        USDJPY 0 0.1 -2.461 -3.438
        USDMXN 0 34 -33.016 12.726
        USDNOK 0 20 -2.101 -2.039
        USDPLN 0 17.2 -1.165 -1.396
        USDRUB 0 230 -13.8441 0.9846
        USDSEK 0 20 -1.598 -2.439
      • Instrument Minimum Spread Typical Spread Long Position Short Position
        USDSGD 0 1.9 -0.8437 -0.6887
        USDTRY 0 22 -464.585 247.862
        USDZAR 0 79.2 -42.989 6.872
      • Instrument Minimum Spread Typical Spread Long Position Short Position
        AUS200 0 1 0 0
        BRAIND 0 - 0 0
        CHNIND 0 - 0 0
        EU50 0 - 0 0
        FRA40 0 1 0 0
        GER30 0 - 0 0
        HKIND 0 - 0 0
        IND50 0 - 0 0
        ITA40 0 10 0 0
        JAP225 0 6.04 0 0
      • Instrument Minimum Spread Typical Spread Long Position Short Position
        UK100 0 0.9 0 0
        US100 0 - 0 0
        US30 0 2.52 0 0
        BRENT 0 0.04 0 0
        WTI 0 0.04 0 0
      • Instrument Minimum Spread Typical Spread Long Position Short Position
        ALUMINIUM 0 - -0.458 -0.142
        COPPER 0 - -1.303 -1.297
        XAGUSD 0 0.021 -1.567 -1.383
        XAUUSD 0 0.09 -10.179 -8.992
        XPTUSD 0 - -0.538 -0.472
        XPDUSD 0 - -10.717 -9.397
        ZINC 0 - -0.441 -0.259
      • Instrument Minimum Spread Typical Spread Long Position Short Position
        BTCUSD 0 - -2597.205 -2597.205
        BCHBTC 0 - -0.055 -0.055
        BCHUSD 0 - -26.470 -26.470
        BTCEUR 0 - -2160.658 -2160.658
        DSHUSD 0 - -116.373 -116.373
        ETCUSD 0 - -5.808 -5.808
        ETHBTC 0 - -0.165 -0.165
        ETHUSD 0 - -827.321 -827.321
        LTCBTC 0 - -0.187 -0.187
        LTCUSD 0 - -92.778 -92.778
      • Instrument Minimum Spread Typical Spread Long Position Short Position
        XMRUSD 0 - -120.113 -120.113
        XRPEUR 0 - -1.940 -1.940
        XRPUSD 0 - -2.336 -2.336
    spreads and swaps

    What are forex spreads?

    When you begin trading, you’ll notice that you’re given a ‘bid’ (or ‘sell’) price and an ‘ask’ (or ‘buy’) price. The ‘bid’ is the price at which you sell the base currency, and the ‘ask’ is the price at which you buy the base currency. The difference between these two prices is what we call the spread.

    When a trade is opened, there are always third parties who facilitate the opening and closing of that trade, like a bank or a liquidity provider. These third parties must make sure that there is an orderly flow of buy and sell orders, which means that they have to find a buyer for every seller and vice versa.

    The third party is accepting the risk of a loss while facilitating the trade, thus the reason the third party will retain a part of each trade – that retained part is called the spread!

    How do you calculate the spread?

    The spread itself is measured in ‘pips’, which is the smallest unit of price movement of a currency pair. So, the spread in the below example is 1 Pips

    spreads and swaps

    What are Swaps?

    Quite simply, swaps are an overnight interest charge that traders must pay to hold a position open overnight. When a trader wants to keep a position open, they will pay interest on the currency sold, and receive interest on the currency bought. So, the swaps are derived from the interest rates of the countries involved in the currency pair, whether the trader is going long or short and the current market conditions.

    Important Swap/Rollover Rate Facts

    • Swap rates are applied at 00:00 platform time.
    • Each currency pair has its own swap charge and is measured on a standard size of 1 lot (100,000 base units).
    • Swaps are applied each night onto your open positions and when the position is left open it is given a new ‘value date’. On Wednesday night however, the new value date for a trade held open is changed to Monday. Due to this, swaps are charged at triple the rate.
    • Check your swaps on your SquadTrader Market Watch panel. You simply click, select ‘symbols’, select the instrument and then select info.