Trading Spreads

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

Our typical spreads are illustrated in the tables below.

Forex Trading

Our Forex spreads are variable depending on underlying market prices. We aim to offer minimum spreads in most conditions, but when market prices go wider, our spreads will increase too.

SymbolTypical Spreads
AUD/USD1.0 - 1.8 pips (S) / 0.0 - 1.5 pips (R)
EUR/CHF1.0 - 2.5 pips (S) / 0.0 - 1.5 pips (R)
EUR/GBP1.0 - 1.8 pips (S) / 0.0 - 0.4 pips (R)
EUR/JPY1.0 - 1.8 pips (S) / 0.0 - 0.5 pips (R)
EUR/USD0.9 - 1.6 pips (S) / 0.0 - 0.4 pips (R)
GBP/JPY1.0 - 2.9 pips (S) / 0.0 - 2.1 pips (R)
GBP/USD1.0 - 2.0 pips (S) / 0.0 - 0.4 pips (R)
USD/CAD1.0 - 2.0 pips (S) / 0.0 - 1.2 pips (R)
USD/CHF1.0 - 2.3 pips (S) / 0.0 - 1.3 pips (R)
USD/JPY1.0 - 1.4 pips (S) / 0.0 - 0.4 pips (R)
SymbolTypical Spreads
CAD/CHF1.0 - 2.5 pips (S) / 0.0 - 1.5 pips (R)
CAD/JPY1.0 - 2.5 pips (S) / 0.0 - 1.5 pips (R)
CHF/JPY1.0 - 2.9 pips (S) / 0.0 - 2.1 pips (R)
EUR/CAD1.0 - 2.5 pips (S) / 0.0 - 1.6 pips (R)
GBP/CAD1.1 - 3.0 pips (S) / 0.1 - 2.2 pips (R)
GBP/CHF1.0 - 3.0 pips (S) / 0.0 - 2.2 pips (R)
USD/SGD1.1 - 5.0 pips (S) / 0.1 - 4.0 pips (R)
SymbolTypical Spreads
AUD/CAD1.0 - 2.8 pips (S) / 0.0 - 2.0 pips (R)
AUD/CHF1.0 - 3.1 pips (S) / 0.0 - 2.2 pips (R)
AUD/JPY1.0 - 2.5 pips (S) / 0.0 - 1.5 pips (R)
AUD/NZD1.3 - 2.3 pips (S) / 0.1 - 2.1 pips (R)
EUR/AUD1.0 - 2.5 pips (S) / 0.0 - 1.6 pips (R)
EUR/NZD1.2 - 3.5 pips (S) / 0.1 - 2.6 pips (R)
GBP/AUD1.1 - 3.0 pips (S) / 0.1 - 2.2 pips (R)
GBP/NZD1.1 - 3.2 pips (S) / 0.1 - 2.4 pips (R)
NZD/CAD1.2 - 2.3 pips (S) / 0.1 - 1.7 pips (R)
NZD/CHF1.0 - 2.5 pips (S) / 0.0 - 1.6 pips (R)
NZD/JPY1.0 - 2.0 pips (S) / 0.0 - 1.2 pips (R)
NZD/USD1.0 - 2.0 pips (S) / 0.0 - 1.2 pips (R)
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

Indices Trading

When trading global indices with EightCap, you are trading Cash CFDs, meaning you can trade in small contract sizes, perfect for those who are just starting out.

Precious Metals

Just like index, when you’re trading precious metals such as Gold or Silver with us, you’re trading it as a CFD and both are traded against the US Dollar.

SymbolTypical Spreads
XAU/USD20 - 30 cents
XAG/USD15 - 40 cents
SymbolTypical Spreads
USO/USD0.04 - 0.58 points
UKO/USD0.05 - 0.59 points

Oil Trading

Our crude oil spreads are subject to variation, especially in volatile market conditions. If the underlying market spread increases significantly, our spreads may also increase.

* The rates 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). Spreads may widen following important news announcements, during political uncertainty, unexpected events leading to volatile market conditions or at the close of the business day and on weekends when liquidity is lower.

** A volume of 1 lot is equal to 100,000 of the first named currency.

*** In Forex trading, if you leave one or more positions opened at 24:00 (GMT+2) for the next trading day, there will be a daily Swap adjustment to your position. From Wednesday to Thursday, Swap is charged for 3 days instead of 1. This is to cover the settlement of trades over the weekend.

Understanding Spreads

What is a 'Spread'?

Essentially, spread is the difference between the buy (ask) and the sell (bid) price quoted for an instrument.

Spread is one of the key costs involved in Forex and CFD trading – the tighter the spread is, the better value you’re getting as a trader.

How is spread calculated?

Essentially, the tighter the spread, the lower the cost of trading. The wider the spread, the higher it costs.

For example, let’s say EURUSD is quoted with a buy price of 1.0984 and a sell price of 1.0983. The spread can be calculated by subtracting 1.0983 from 1.0984 – giving a total spread of 0.0001 or 1 pip.

At EightCap, prices are quoted up to 5 decimal points.

How to view real-time spreads?

Our price 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.

If you wish to view real, live market rates across our entire product range, you may do this by going to our MetaTrader 4 trading platform.

On our trading platform:
1.  go to the Market Watch window area;
2.  right-click inside the window area and click ‘Spreads‘; and
3.  a new column should appear displaying the real-time spreads for each Forex currency pair, commodity or index market.

Alternatively, compare our real-time rates on the go from your favourite smart devices via the MetaTrader 4 mobile apps.

Head Office:
Level 11, 356 Collins Street
Melbourne, VIC
3000 Australia

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 licence 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.