Opening block
You trade or plan to trade with Exness. This guide is for you. It fits beginners and experienced intraday traders. You will learn what a spread is, how Exness displays and sets spreads, which accounts and instruments show the tightest spreads, and how to cut spread costs by 10–50% depending on your steps. Expect clear definitions, three numeric examples, a comparison table of common account types with typical spread ranges, and a decision flow to pick the right account or tactic. Read three concrete scenarios showing cost math for 1.0 lot trades, and follow the practical checklist to reduce costs now. Timeframes and numbers are explicit: pips, lot sizes, commissions, session hours, and sample annual savings. Use this as a quick reference and an action plan. Check spreads live, test on a demo, and apply the cost math before you risk real capital.
Quick Answer / TL;DR
Spread = ask − bid. Example: ask 1.10012 − bid 1.10000 = 0.00012 → 1.2 pips.
Want lowest raw spreads? Use a Raw/Pro-style account: typical EURUSD 0.0–0.3 pips + commission $3–7 per standard lot (round-trip).
Prefer no commission? Use a Standard account: typical EURUSD 0.8–1.5 pips, $0 commission.
Cut spread costs now: trade during peak liquidity (8-hour European session), avoid high-impact news windows (spreads can widen 5×–20×).
Definition and Units (0.00012 example)
Define spread in one line. The spread is the difference between ask and bid prices. Example: ask 1.10012, bid 1.10000 → spread 0.00012 or 1.2 pips (pip = smallest usual quoted change; for most forex pairs one pip = 0.0001).
Show conversion between price difference and pips with two more numeric examples. USDJPY quoted 110.123/110.128 → spread 0.005 = 0.5 pips (for JPY pairs one pip = 0.01). Another forex example: EURUSD 1.20000/1.20012 → spread 0.00012 = 1.2 pips.
Show pip value for a standard lot and give maths. At EURUSD a 1.0 pip move ≈ $10 per standard lot (1 lot = 100,000 units). Use the pip-value formula later: (pip size / quote price) × lot size. Example: (0.0001 / 1.2000) × 100,000 = $8.33 per pip (this shows pip value varies with price).
Explain spread as a cost component in clear numbers. Trade size 1 standard lot, spread 1.2 pips → immediate cost ≈ $12. Spread 0.2 pips → cost ≈ $2. Add commission and swap to get total cost. For a round-trip commission of $6, combine $2 + $6 = $8 per lot. Always include both spread and commission in your cost estimates.
Spread Types at Exness — 2 main types
State the two main types. Exness offers dynamic (floating) spreads and stable (fixed) spreads for selected pairs.
Describe dynamic spreads with numbers. Dynamic spreads move with liquidity and market depth. Typical EURUSD dynamic range is 0.0–1.5 pips depending on session and volatility. On low-latency Pro/Raw accounts they compress to 0.0–0.3 pips during high liquidity. Dynamic spreads can widen to 5–20 pips during major events.
Describe stable spreads with numbers. Stable spreads remain near a stated pip value for eligible pairs. A sample stable spread might show as 1.2 pips on EURUSD. Stable spreads often appear on commission-free accounts for a subset of pairs. Availability varies; expect stable spreads on perhaps 5–20 pairs, not on all instruments.
Give a practical rule with numbers. Choose dynamic/raw if you want the tightest possible spreads and accept a commission of $3–7 per lot. Choose stable if you need predictability for automated strategies and want to avoid spread spikes near news.
Watch out for: stable spreads can feel safe. But they may not exist for exotics or metals. Check the instrument list; verify baseline spread and maximum spread figures before using in automation.
Bid–Ask Mechanics and Calculation — 3-step example
Explain the quoting mechanism in a short paragraph. A liquidity provider posts bid (sell) and ask (buy) prices. Spread = ask − bid. Reiterate numeric example: 1.10012 − 1.10000 = 0.00012 → 1.2 pips.
Show three concrete calculation steps for different instruments.
1. Forex EURUSD: quote 1.20000/1.20012 → spread 0.00012 = 1.2 pips. If you open 1.0 lot, immediate spread cost at pip value $8.33 → cost ≈ $10.00 (rounded).
2. XAUUSD (gold): quote 2000.50/2000.70 → spread 0.20 = $0.20 per ounce. For 1.0 lot (100 ounces on some providers) that could be $20.00 cost. Check contract size: 1 lot = 100 oz often, but confirm your account shows 10–100 oz per lot.
3. USOIL: quote 65.00/65.05 → spread 0.05 = $0.05 per barrel. For 1.0 lot with contract size 1,000 barrels that could be $50.00; confirm your platform contract size.
Explain pip-value formula with a concrete example and numbers. Pip value = (pip size / quote price) × lot size. Example EURUSD at 1.2000: (0.0001 / 1.2000) × 100,000 = $8.33 per pip for 1 lot. For 0.1 lot multiply by 0.1 → $0.833 per pip.
Watch out for instrument differences. Metals and indices use points or ticks, not pips. Tick size affects cost. Always check contract specifications: lot size, pip/point size, and margin factor.
How Account Type and Pricing Model Affect Spreads — 2–3 account comparisons
Describe pricing models in one short paragraph. Exness provides commission-free accounts and commission + raw spread accounts. Spreads on commission-free accounts include broker costs. Raw accounts show ultra-tight spreads plus an explicit commission per lot.
Give numeric typical ranges per account style. Standard (commission-free) accounts: EURUSD typical 0.8–1.5 pips, commission $0. Pro/Raw accounts: EURUSD typical 0.0–0.3 pips, commission $3–7 per standard lot (round-trip). Zero-style/Low-spread accounts: 0.0–0.5 pips with commissions $0–$5 depending on the offer. Standard Cent/Micro accounts: EURUSD 1.0–2.0 pips, commission $0.
Explain the trade-off with a numeric example and break-even.
– Example trade of 1 lot: Standard at 1.2 pips → cost ≈ $12.
– Raw at 0.2 pips + $6 commission → spread cost ≈ $2 + $6 = $8.
– Saving per trade = $4.
Calculate break-even by frequency: if you place 500 trades per year, savings = $4 × 500 = $2,000. If you place 50 trades per year, savings = $200. Choose raw if you trade ≥ X times where X = commissions / (spread difference). For example: $6 / ($12 − $8) = 1.5 trades — here raw is already cheaper after 2 round-trip trades in this simplified example.
Mention instruments with numbers. Commodity spreads tighten on Pro accounts: USOIL could be 0.05–0.1 USD on Pro vs 0.2–0.5 USD on Standard. Gold spreads on Pro might be $0.10–$0.30 vs $0.40–$1.00 on Standard.
Note margin and minimum deposit interplay briefly. Some accounts allow opening with $1 minimum; others require $100. Example: a $1 deposit gives access to cent accounts with higher spreads (1.0–2.0 pips). A $100 deposit can access Pro/Raw pricing and lower spreads.
When and Why Spreads Widen — 2 factors with numeric examples
List key causes in short paragraphs with numbers. Low liquidity: when market depth thins, spreads widen. Example: baseline EURUSD 1.0 pip may widen to 3–5 pips during thin liquidity windows (3×–5×). News events: during major economic releases spreads can jump from 0.8 pips to 8–20 pips (10×–25×).
Give time-based numeric examples. Session overlaps compress spreads: European session overlap with US typically narrows EURUSD to 0.0–0.3 pips for 4 hours. At market open/close spreads can widen by 2×–5× for 30–120 minutes. Weekend gaps can create price jumps of 10–200 pips on illiquid pairs or indices.
Explain low-liquidity instruments with numbers. Exotic pairs often have base spreads of 10–50 pips. Example: an exotic might show 15 pips typical, widening to 30–70 pips during events. Thinly traded indices can show base spreads of 5–25 points.
Watch out for automated strategies. Tight stops of 5–10 pips can be hit by spread spikes causing slippage of 5–20 pips. Test your strategy across 24-hour spread profiles and simulate news spikes.
Practical Steps to Reduce Spread Costs — 3 prioritized tactics with numbers
Trade during peak liquidity windows. Focus on the 8-hour European session and the 4-hour overlap with the US session. Expect spreads to reduce by 30%–70% during those hours. Example: EURUSD might drop from 1.2 pips to 0.3 pips during the overlap.
Choose the right account and quantify savings. Switching from Standard 1.2 pips to Raw 0.2 pips + $6 commission saves ~$4 per lot per trade. Annualize: 500 trades → $2,000 saved; 100 trades → $400 saved. Compare commission structures: $3 vs $7 per lot changes annual savings by $2 × number of trades.
Use order types and execution tactics. Place passive limit orders to capture better prices and avoid paying wider market spreads. Example: market execution cost 1.5 pips vs a passive limit that fills at 0.8 pips nets 0.7 pip saving → $7 per lot. Use iceberg or volume-sliced orders on large sizes to avoid moving the market; split 10 lots into 10 × 1-lot orders.
Avoid news windows and use volatility filters. Pause trading ±30 minutes around high-impact releases or widen stop sizes during ±60 minutes. Example rule: skip trades if live spread > 3× typical baseline (e.g., skip if EURUSD spread > 3.0 pips when baseline is 1.0 pip).
Checklist (quick):
– Trade main sessions: 8 hours in Europe, 4-hour US overlap.
– Pick account: Raw if you trade ≥ 50–200 times per year; Standard for ≤ 50 trades.
– Use limits: aim to save 0.5–1.0 pip per trade.
– Avoid news: skip ±30–60 minutes for high-impact releases.
Watch out for: switching accounts incurs behavioral costs. You may need to adapt execution and risk rules. Backtest changes over 100–500 trades before applying live.
Comparison Table: Account Types and Typical Spreads
Quick numeric comparison of common Exness-style account categories and typical spread/commission patterns to guide selection.
| Account Type | Typical EURUSD Spread (pips) | Typical USOIL Spread (USD) | Commission per standard lot (USD) | Best for |
|---|---|---|---|---|
| Standard (commission-free) | 0.8–1.5 | 0.2–0.6 | $0 | New traders, small accounts |
| Pro/Raw (tight spread) | 0.0–0.3 | 0.05–0.2 | $3–7 | Scalpers, high-frequency traders |
| Zero-style / Low-spread | 0.0–0.5 (offers zero on some pairs) | 0.05–0.15 | $0–$5 | Traders who need ultra-tight spreads |
| Standard Cent / Micro | 1.0–2.0 | 0.3–0.8 | $0 | Testing strategies with low risk |
Summary: lower displayed spread generally pairs with an explicit commission or limited availability. Pick based on trade frequency, per-trade math, and instrument needs. Use the table to compare per-trade cost estimates quickly.
How to Monitor Spreads Live — 2 tools with numeric checks
Use platform spread monitors. Check the bid and ask columns in MetaTrader or Exness Terminal. Add a spread indicator that refreshes every 1–60 minutes. Verify median spread over 10–30 minute windows and record maximum spread during the last 24 hours. Example checks: median EURUSD spread 0.8 pips, max 12.0 pips in a 24-hour period.
Use published averages and broker comparisons. Check Exness published average spreads and cross-check with live quotes. Verify 10–30 minute median spread and maximum spread over 24 hours. Example numeric check: if published average EURUSD is 0.5 pips, compare live median over 60 minutes and note deviations greater than ±50%.
Build quick internal rules. If live spread > 3× typical baseline (e.g., >3.0 pips for EURUSD baseline 1.0 pip), then skip or delay the trade. Log 100–500 trade spread samples to compute your own average and max values for each instrument.
Watch out for latency. If your feed shows spikes of 50–200 ms latency, spreads may be stale. Use ping tests and compare to a VPS located within 10–50 ms of your broker or liquidity hub if you need low-latency fills.
Closing — How to Choose / Bottom Line
Decide by counting trades and measuring costs. If you execute many short trades (scalping, 100–1,000 trades per year), favor Raw/Pro accounts with 0.0–0.3 pips and $3–7 commission. If you place fewer than 50–100 trades per year, prefer Standard accounts with wider spreads but $0 commission. Test on a demo for 100–500 trades to see real impact.
Follow a simple four-step rule:
1. Measure baseline spread for each instrument (median over 60 minutes).
2. Calculate per-trade cost: spread pips × pip value + commission.
3. Multiply by expected trade count per month or year.
4. Pick the account where annual cost is lowest for your style.
Act now: check your account type, monitor EURUSD during the European session for 4–8 hours, and run a 30-day sample with real quotes to confirm expected savings. Make small changes first, then scale as your data shows consistent improvement.