Spread
Fixed spreads are a way for an Forex FCM to markup or markdown the best bid or offer. Forex FCMs do this to hide their fee into the price of the currency pair instead of displaying their best quote. Common sense tells you that no one works for free, so when you see an Forex FCM claim they have “no commission” that should be a red flag.
MB Trading Futures, Inc., has nothing to hide. We offer tight spreads with combined low transaction costs. Customers can even see their orders display to the market inside of the current bank spreads, offering true transparency as only a non-deal-desk broker can.
When trading Forex, the Last, High, Low, Open, and Close are always based on the bid. Thus, it is possible to have a buy order filled at a price higher than what is shown for the high of the day because buy orders are filled at the ask price, which is always greater than or equal to the bid. It is also possible to not have a buy order filled even though the low of the day reached the price you wanted to buy at because the ask never reached that level.
Currency Pairs
In the Forex market, trading is always in currency pairs, such as EUR/USD or USD/JPY. The base currency (the first currency listed in the currency pair) is the basis for the buy or the sell. As an example, the US Dollar is the base currency for USD/JPY (US Dollar/Japanese Yen). The current bid/ask price for USD/JPY could be 107.20/107.23, which means you could buy $1 US for 107.23 Japanese Yen, or sell $1 US for 107.20 Japanese Yen.
| Symbol | Currency Pair | Spreads as low as |
| AUD/CAD | Australian Dollar / Canadian Dollar | 1/10 pip |
| AUD/JPY | Australian Dollar / Japanese Yen | 1/10 pip |
| AUD/NZD | Australian Dollar / New Zealand Dollar | 1/10 pip |
| AUD/USD | Australian Dollar / United States Dollar | 1/10 pip |
| CAD/JPY | Canadian Dollar / Japanese Yen | 1/10 pip |
| CAD/CHF | Canadian Dollar / Swiss Franc | 1/10 pip |
| CHF/JPY | Swiss Franc / Japanese Yen | 1/10 pip |
| EUR/AUD | Euro / Australian Dollar | 1/10 pip |
| EUR/CAD | Euro / Canadian Dollar | 1/10 pip |
| EUR/CHF | Euro / Swiss Franc | 1/10 pip |
| EUR/GBP | Euro / Great British Pound | 1/10 pip |
| EUR/JPY | Euro / Japanese Yen | 1/10 pip |
| EUR/NOK | Euro / Norwegian Krone | 1/10 pip |
| EUR/SEK | Euro / Swedish Krona | 1/10 pip |
| EUR/USD | Euro / United States Dollar | 1/10 pip |
| GBP/AUD | Great British Pound / Australian Dollar | 1/10 pip |
| GBP/CAD | Great British Pound / Canadian Dollar | 1/10 pip |
| GBP/CHF | Great British Pound / Swiss Franc | 1/10 pip |
| GBP/JPY | Great British Pound / Japanese Yen | 1/10 pip |
| GBP/USD | Great British Pound / United States Dollar | 1/10 pip |
| NZD/JPY | New Zealand Dollar / Japanese Yen | 1/10 pip |
| NZD/USD | New Zealand Dollar / United States Dollar | 1/10 pip |
| USD/CAD | United States Dollar / Canadian Dollar | 1/10 pip |
| USD/CHF | United States Dollar / Swiss Franc | 1/10 pip |
| USD/DKK | United States Dollar / Danish Krone | 1/10 pip |
| USD/JPY | United States Dollar / Japanese Yen | 1/10 pip |
| USD/NOK | United States Dollar / Norwegian Krone | 1/10 pip |
| USD/SEK | United States Dollar / Swedish Krona | 1/10 pip |