@tradingjules the spreads showing in your account are in points while the spreads in our spreads page show in pips. Points simply show the decimal difference between bid and ask taking into account that the last digit of the price is equal to 1 point. When comparing spreads, a pip is usually referred to the figure in the 2nd or 4th decimal, depending on the currency.
For example, EURUSD 1 pip is the 4th decimal.
From your image: EURUSD ask price of 1.20843 and bid of 1.20854 would mean (1.20854-1.20843)*10000=1.1 pip however in points that is (1.20854-1.20843)*100000=11 points.
Yea, just like the above user said, the one you are talking about are points which is pipettes, if I am not wrong. Do remember the spreads are fluctuating, so if IC Markets GBPAUD is 1.5, which is pips, so for, points are basically 15.
Zipp7 posted: Yea, just like the above user said, the one you are talking about are points which is pipettes, if I am not wrong. Do remember the spreads are fluctuating, so if IC Markets GBPAUD is 1.5, which is pips, so for, points are basically 15.
Spreads varies from broker to broker and account type to account type. In zero spreads account you get very low spreads but you have to pay commission and standard account spreads will be high but won't be any commission. Choose according to your comfort.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.