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What is the difference between the purchasing and selling prices on currency pairs (spread)?

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What is the difference between the purchasing and selling prices on currency pairs (spread)?

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The difference between purchasing and selling prices – spread – on all the trading currencies is fixed and amounts to 3-40 points depending on the currency pair. Spread is not fixed for CFDs (1-5 points). For more detailed information regarding trading conditions, please go to Spreads and Margins page.

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