Forex spreads and commissions

[akuntysh]

Hello,

I have a couple of questions regarding this table:



1. Does it mean that for EUR/USD, for example, the minimum spread is 1.1 tick? What exactly does it mean? How it is possible that a spread is a fractional of a tick? Or it should be considered in a different way somehow?

2. Does it mean that per $1000 lot, commission for 1 trade would be $0.01 for leased NT version? So for a trade with 1 standard lot ($100,000), the commission would be $1 ($2 in turn - to open and close the trade), correct?

Best regards,
Alexei

[NinjaTrader_Jason]

Hello Alexei,

1. The minimum spread is 1.1 pips. Forex instruments use tenth pips which is the fractional value. For example, EURUSD with 1.1783'3 as bid price and 1.1784'4 as ask price.

2. Yes, you are correct in understanding.

[akuntysh]

Hi Jason,

Got it, thank you!