Live Spreads

The difference between the bid and ask price is known as a spread. Forex currencies are always quoted in terms of the current price compared to another currency since traders always trade one currency for another. They are written in pairs to make things easier. For example, AUD/USD (Australian Dollar/US Dollar, where AUD is the “base currency” and USD is the “counter currency”). This would be written as 1.5/1 if it cost $1.5 AUD to buy $1 USD.

You will discover some of the lowest spreads in the business if you opt to open and trade on a HotTrades Platinum or Diamond account. Trade on institutional-grade liquidity received straight from some of the world’s largest banks, with no mark-up on our end. Hedge funds no longer have exclusive access to such liquidity and ultra-tight spreads as low as zero.