Infinox offers varying broker spreads depending on the specific product or currency pair being traded. A broker spread is the difference between the bid (buy) and ask (sell) price of a financial instrument, essentially representing the cost of executing a trade.
Understanding Broker Spreads
Spreads are a primary way brokers generate revenue. A tighter spread means lower transaction costs for traders, while wider spreads indicate higher costs. Spreads can be fixed or variable, changing based on market volatility, liquidity, and the specific instrument. For instance, major currency pairs typically have tighter spreads due to higher liquidity compared to exotic pairs.
Examples of Infinox Spreads
The spreads offered by Infinox vary by instrument. Here are examples of spreads for specific currency pairs:
| Symbol | Spread |
|---|---|
| EURMXN | 85.7 |
| USDMXN | 9.6 |
| EURHUF | 23.5 |
| USDHUF | 19.7 |
It is important to note that these are specific examples, and Infinox provides a comprehensive range of products with their respective spreads. Traders should always refer to the latest product information for the most current spread details for all available instruments. For more detailed and current product information, you can visit the official INFINOX Product Information page.
