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Spreads, Currency Pairs and Premiums
Below are the spreads that are offered to FXPrice' customers during normal market conditions:
| Forex Symbol |
Currency Pairs |
Spreads |
| EUR/USD |
Euro / U.S. Dollar |
3 pips |
| USD/JPY |
U.S. Dollar / Japanese Yen |
3 pips |
| GBP/USD |
British Pound / U.S. Dollar |
5 pips |
| USD/CHF |
U.S. Dollar / Swiss Franc |
4 pips |
| USD/CAD |
U.S. Dollar / Canadian Dollar |
5 pips |
| AUD/USD |
Australian Dollar / U.S. Dollar |
4 pips |
| EUR/GBP |
Euro / British Pound |
5 pips |
| EUR/JPY |
Euro / Japanese Yen |
4 pips |
| EUR/CHF |
Euro / Swiss Franc |
5 pips |
| GBP/JPY |
British Pound / Japanese Yen |
10 pips |
| NZD/USD |
New Zealand Dollar / U.S. Dollar |
4 pips |
| AUD/CAD |
Australian Dollar / Canadian Dollar |
9 pips |
| AUD/JPY |
Australian Dollar / Japanese Yen |
7 pips |
| AUD/NZD |
Australian Dollar / New Zealand Dollar |
12 pips |
| CHF/JPY |
Swiss Franc / Japanese Yen |
8 pips |
| EUR/CAD |
Euro / Canadian Dollar |
9 pips |
| GBP/CHF |
British Pound / Swiss Franc |
12 pips |
| EUR/AUD |
Euro / Australian Dollar |
12 pips |
| CAD/JPY |
Canadian Dollar / Japanese Yen |
9 pips |
| NZD/JPY |
New Zealand Dollar / Japanese Yen |
9 pips |
To Access New Currency Pairs:
Double click any currency pair and a drop down menu will be available, then just choose the currency pair you want displayed. Or highlight a currency pair and click the currency pair drop down above the currency pairs and choose the currency pair you want displayed. See examples below.
Selecting A New Currency Pair
New Currency Pairs Selected
While we endeavor to display these price spreads at all times, there may be occasions, however rare, where a significant market or world event may force us to widen spreads without prior notice to our clients.
Rollover/Interest Policy (Premium)
In the spot Forex market trades settle in two business days. If a trader sells 10,000 euros on Tuesday, the seller must deliver 10,000 euros on Thursday unless the position is held open and rolled over to the next value date. As a service to our traders, FXPrice automatically rolls over all open positions to the next settlement date at 5:00 PM Eastern Standard Time. Roll over involves exchanging the expiring position for a position expiring the following settlement date. The positions being exchanged are not valued at the same price. If a trader is long the currency bearing the higher interest rate, the position "being sold" is worth more than the position being acquired. The reverse is also true; if a trader is short the currency bearing the higher interest rate, the trader is acquiring a position worth more than the one "being sold". The amount of the difference varies based on the currency pair, the interest rate differential between the two currencies, and fluctuates day to day.
Tier 1 – Institutional
This set of rates is available to accounts that select leverage of 50:1 or less. The rates offered are directly based on the interest rate differentials in the interbank cash market and closely reflect the rates available to more unleveraged, institutional-type participants in that market.
Tier 2 – Retail
This set of rates will apply to accounts that select a leverage of 100:1. The rates are based on those available in the interbank market but include an additional spread which will take into account the higher degree of leverage chosen by retail forex accounts.
Tier 3 – Leveraged
This set of rates will apply to those accounts that select leverage of 200:1 or higher. Although based on the rates available in the interbank market, these rates have been adjusted to include a “cost of capital” spread. This spread is based on the institutional lending rate charged to cover the capital costs of maintaining positions on a leveraged basis. By choosing a significantly higher degree of leverage, a client is basically borrowing against the net capital of the brokerage company.
At 5:00 PM each day, funds are subtracted from or added to accounts with open positions because of this automatic roll over.
At 5:00 PM each day, funds are subtracted from or added to accounts with open positions because of this automatic roll over.
Note
On Wednesdays, the amount added or subtracted to an account as a result of rolling over a position is three times the usual amount. This "3-Day" rollover accounts for settlement of trades through the weekend period. When there are bank holidays in either settlement country the normal roll schedule does not apply.
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