Spread is basically the difference between the ‘Buy’ Price and the ‘Sell’ Price.

When a trader opens a trade at a specific price, he/she will be immediately in a losing position.

This is due to the Spread.

Buy Price: ASK Price

Sell Price: BID Price

Even at the Bank, where you intend to give 2,000 USD to get the equivalent amount in EUR, you must pay the Spread.

This is clearly visible, by trying a second later, to exchange the EUR amount back to USD.

You will realize that the amount you will get back from the real money exchange, is definitely less than 2,000 USD.

With OneRoyal, you can enjoy very competitive Spreads. More information can be found here.