I’ve just started with learning about forex so I’ve opened a demo account using MT4 on Alpari and at the time of writing this on the EUR/USD paid I can Sell for 1.28867 and Buy for 1.28882 so thats a difference of 15 pips isnt it? I thought the spread was meant to be about 3 pips. Am I wrong about something? Please shed some light on this. I’ve put my leverage down to 50:1 and my size to 0.10 I dont know if this is affecting it at all
It’s a very low spread, 1.5 pips. In a live account it may might be required to invest a certain amount to receive such spreads. This is a good MT4 indicator that allows you to monitor the spread to ensure your broker is not playing games with your account, Spread MT4 Indicator
EUR/USD typical spread from broker to broker is around the 1.4pip mark, as low as 1.0 pip with some market makers, and as low as 0.0 pips at times of extreme liquidity on ECN accounts, although this usually cant be maintained for any length of time.