Spread Swap
What is Spread?
The difference in price between buying and selling a financial product is called the "Spread". It is also called "scissors difference" or "currency difference" in different markets.
Why Variable Spread?
Broker Account with Leverage works with variable spreads like the interbank forex market. Fixed spreads are generally higher than variable spreads so if you trade with fixed spreads you will have to pay for an insurance premium. Often, forex brokers that offer fixed spreads impose trading restrictions during news announcements, making your insurance worthless. B.A.L FX does not impose any restrictions on trading at the time of its newsletters.
Fractional Pip Pricing
Broker Account with Leverage offers fractional pip pricing to get the best prices from various liquidity providers. Instead of 4-digit quotes, customers can take advantage of even the smallest price movements by adding a 5th digit.
What is Swap?
Forex swap rate is a rollover interest rate for holding positions overnight in currency trading. Swap rates are published weekly by the financial institutions we work with and are calculated based on risk management analysis and market conditions.
Swap Rates
Since the interest rates of each product are different, swap prices are reflected to you as a + or - fee depending on the direction of the position in the parity you are trading. You can view the swap rates on our website or on the Meta Trader 4 platform. Swap rates are calculated over 1 lot.