OneRoyal offers a range of different accounts to suit all types of traders. These include both Variable Spread Accounts and Fixed Spread Accounts, with the main difference being the nature of the spreads on offer.
Variable Spreads
Variable spreads, also known as floating spreads, adapt to live market conditions. This means they can tighten or widen based on current liquidity and volatility, among other factors.
What Does This Mean for Traders?
For traders, variable spreads have the potential to offer the lowest possible costs. As they can fluctuate along with the markets, spreads can reach as low as 0 pips on our ECN and Prime Accounts during optimal conditions. However, this also means they can widen when conditions are less favourable, so traders should keep this in mind.
Fixed Spreads
Fixed spreads remain stable, regardless of prevailing market conditions, providing a more consistent trading experience.
What Does This Mean for Traders?
For traders, variable spreads offer added transparency, allowing them to know their costs up front. This means they can better plan their trades and make more informed decisions when entering the markets. However, it also means that, regardless of conditions, the spreads will never reach the same lows as is possible with variable spreads.
Important Note
This article is provided for informational and educational purposes only and does not constitute investment advice. Trading involves risk, and different account types may suit different trading preferences.