Trading Spreads

EightCap offers a transparent pricing model, made up of low, highly competitive and super-tight rates. The spreads on our MetaTrader 4 trading platforms are variable, with quotes coming from numerous leading banks and institutions and other top-tier liquidity sources globally.

Our typical spreads are illustrated below.

SymbolTypical Spreads (Standard)Typical Spreads (Raw)
AUD/CAD1.0 - 2.8 pips0.0 - 2.0 pips
AUD/CHF1.0 - 3.1 pips0.0 - 2.2 pips
AUD/JPY1.0 - 2.5 pips0.0 - 1.5 pips
AUD/NZD1.3 - 2.3 pips0.1 - 2.1 pips
AUD/USD1.0 - 1.8 pips0.0 - 1.5 pips
CAD/CHF1.0 - 2.5 pips0.0 - 1.5 pips
CAD/JPY1.0 - 2.5 pips0.0 - 1.5 pips
CHF/JPY1.0 - 2.9 pips0.0 - 2.1 pips
EUR/AUD1.0 - 2.5 pips0.0 - 1.6 pips
EUR/CAD1.0 - 2.5 pips0.0 - 1.6 pips
EUR/CHF1.0 - 2.5 pips0.0 - 1.5 pips
EUR/GBP1.0 - 1.8 pips0.0 - 0.4 pips
EUR/JPY1.0 - 1.8 pips0.0 - 0.5 pips
EUR/NZD1.2 - 3.5 pips0.1 - 2.6 pips
EUR/USD0.9 - 1.6 pips0.0 - 0.4 pips
GBP/AUD1.1 - 3.0 pips0.1 - 2.2 pips
GBP/CAD1.1 - 3.0 pips0.1 - 2.2 pips
GBP/CHF1.0 - 3.0 pips0.0 - 2.2 pips
GBP/JPY1.0 - 2.9 pips0.0 - 2.1 pips
GBP/NZD1.1 - 3.2 pips0.1 - 2.4 pips
GBP/USD1.0 - 2.0 pips0.0 - 0.4 pips
NZD/CAD1.2 - 2.3 pips0.1 - 1.7 pips
NZD/CHF1.0 - 2.5 pips0.0 - 1.6 pips
NZD/JPY1.0 - 2.0 pips0.0 - 1.2 pips
NZD/USD1.0 - 2.0 pips0.0 - 1.2 pips
USD/CAD1.0 - 2.0 pips0.0 - 1.2 pips
USD/CHF1.0 - 2.3 pips0.0 - 1.3 pips
USD/JPY1.0 - 1.4 pips0.0 - 0.4 pips
USD/SGD1.1 - 5.0 pips0.1 - 4.0 pips
SymbolTypical Spreads
AUS2001.0 - 1.2 pips
UK1001.0 - 2.0 pips
GER301.0 - 2.0 pips
JPN2254.0 - 5.0 pips
SPX5000.3 - 2.5 pips
FRA401.0 - 4.3 pips
EUSTX501.0 - 2.0 pips
US301.0 - 2.0 pips
SymbolTypical Spreads
XAU/USD20 - 30 cents
XAG/USD15 - 40 cents
SymbolTypical Spreads
USO/USD0.04 - 0.58 points
UKO/USD0.05 - 0.59 points

The figures listed above are indicative only and spreads are subject to change without notice depending on the market conditions (e.g. spreads may widen during illiquid or volatile market conditions).

It should also be noted that MT4 platform utilises a 5 point decimal system. For example, if EUR/USD gives a price of 1.39913/1.39915, you would have a spread of 0.2 pips. Additionally, a volume of 1 lot is equal to 100,000 of the first named currency. Micro and mini lots are available at EightCap.

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View real-time spreads on your MT4 platform.

We currently offer 40+ trading products in total, including some of the most popular FX pairs, indices, metals and oil. Our feed comes from a number of leading liquidity providers and banks, allowing us to offer market-leading spreads as low as 0.0 pips on our Raw accounts, and 1.0 pips on Standard accounts.

To compare the real live market rates across our entire range, simply download a free demo version of our trading platform.

Once you have the trading platform installed:
1. Go to the ‘Market Watch’ window area on your MT4 platform.
2. Right-click inside the window area and click ‘Spreads’.
3. A new column should appear displaying the real-time spreads for each FX currency pair, commodity or indices market.

Likewise, you can view our real-time rates from your favourite devices via the MT4 mobile trading apps.

Understanding ‘Spreads’

What is a 'Spread'?

Essentially, spread is the difference between the ‘bid’ and ‘ask’ price.

In margined trading, we always trade one currency for another. Forex currencies are always quoted in terms of what the price is currently compared to another and are written in pairs. For example, in AUD/USD (Australian Dollar/US Dollar), AUD is the base currency and USD is the counter currency.

How is spread calculated?

Forex quotes always come with a ‘bid’ and ‘ask’ price. Bid is the price at which the market is willing to buy the base currency, while ask is the price at which the market is willing to sell the base currency in exchange for the counter currency.

At EightCap, prices are quoted to 5 decimal points. For example, AUD/USD might have a bid price of 0.72305 and an ask price of 0.72312. This would make the spread of 0.7 pips or $0.00007.

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Risk Warning: Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with EightCap, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing substantially more than your initial investment). A Product Disclosure Statement (PDS) and a Financial Services Guide (FSG) for our products are available to download from our Legal Documentation page. You must assess and consider them carefully before making any decision about using our products or services.

EightCap is a registered business name of EightCap Pty Ltd (ABN 73 139 495 944). We are regulated by the Australian Securities & Investments Commission (ASIC) - our AFSL number is 391441. This AFSL authorises us to provide financial services to people in Australia. The information on this website is of a general nature only and is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. EightCap is not a financial adviser, and does not issue advice, recommendations, or opinion in relation to acquiring, holding or disposing of a margined transaction. We provide general advice only and accordingly you should consider how appropriate the advice (if any) is to your objectives, financial situation and needs before acting on the advice.