The spread is the difference between the bid price and the ask price . Under normal circumstances, the account opened by the platform only charges the spread fee for the transaction, and does not charge the transaction fee.
Under normal circumstances, the gold spread on the foreign exchange platform is about 5 points, the euro spread is about 2 points, and the other direct currency spreads are about 3~3.5 points. Don’t put too much faith in platforms that have too much variance in lows or even none at all. In addition, some service providers that are directly connected to international clearing do not play intraday gambling, but are directly connected to the clearing center, which can achieve almost no difference in transaction costs, but generally have higher requirements on the amount of funds. As far as I know, with The capital threshold requirement for clearinghouse-connected service providers is $500,000 .
Transaction costs on the European Tory platform are still quite low in the industry. For example, the minimum spread between gold and crude oil is 3 pips. The spread between EUR and USD is 1.2 pips, or 0.00012, which is very fast. The difference between GBP and USD, USD and JPY is two pips. In addition to the difference in points, you should also consider the regularity of the platform. Formal platforms have certain operating costs, which should also be taken into account.