Price quotation and spread

Price quotation and spread

STP quotation

STP accounts have 5th decimal pricing (0.12345). 

Available Liquidity provided by the Counterparties is displayed in Quote Flow window of the Market depth monitoring application. Market depth level 2 includes the following additional information:

  • Highest Bid prices: the highest prices that traders are willing to accept to sell.
  • Bid Volumes: the amount in Millions that are available at each of the highest Bid prices.  
  • Lowest Ask prices: the lowest prices that traders are willing to accept to buy.
  • Ask Volumes: the amount in Millions that are available at each of the prices.

Spread on STP 

 In STP accounts the broker's trading commission is included into the spread. STP spreads are variable and depend on the buy and sell orders available in FXOpen ECN.

    • Related Articles

    • Types of orders on STP

      On STP accounts there can be opened the following types of orders: Market Order Limit Order Stop Order Stop Loss and Take Profit Pending orders, Stop Losses and Take Profits can be placed just a few pips away from the market price and even within the ...
    • New Order window

      New Order window In the New Order window, you can open market and pending Limit orders, view the lowest and highest daily prices, the best Bid and Ask prices with the corresponding volumes, and the total Bid and Ask volume available in the market. ...
    • Scalping, Hedging, Phone Dealing

      ECN accounts allow scalping without limitations. Your trades may stay open for several seconds only and you can place Stop Loss, Take Profit and Stop and Limit Orders within the spread (1 or 2 pips away from the current market price). Hedging in ECN ...
    • Forex Glossary

      A AML ― Anti Money Laundering, a set of procedures, laws or regulations designed to stop the practice of generating income through illegal actions. Appreciation ― a currency is said to "appreciate" when it's price increases against a specific ...
    • Market Watch

      The screens in this article are based on the Android operating system. iOS screens may differ slightly. Market Watch displays real-time Bid and Ask quotes for selected trading instruments. From this screen you can go to placing orders, analyzing ...