Lower Trading Cost
For active traders, the majority of your trading fees will come from commissions and spreads.
EightCap's World class pricing and execution our core focus for our clients. When you trade with BuoyTrade you are getting institutional grade liquidity and service.
Spreads rank among the top Forex and CFD providers in the world across selected markets.
Compare and rank quotes from the world's largest and fastest market makers to give you a truly bespoke liquidity mix
Spreads
Forex
Instrument
AUDUSD
EURUSD
GBPUSD
USDCAD
USDCHF
USDJPY
Min Spread
0.0
0.0
0.0
0.0
0.0
0.0
Avg Spread
0.1
0.1
0.5
0.4
0.4
0.3
Spreads
Forex - Minors
Instrument
AUDCAD
AUDCHF
AUDJPY
AUDNZD
CADCHF
CADJPY
EURAUD
EURCAD
EURCHF
EURGBP
EURJPY
EURNZD
GBPAUD
GBPCAD
GBPCHF
GBPJPY
GBPNZD
NZDCAD
NZDCHF
NZDJPY
NZDUSD
Min Spread
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Avg Spread
0.7
0.7
0.5
0.9
0.9
1.1
0.9
1.1
0.8
0.8
0.6
1.5
1.3
1.6
1.3
1.0
2.4
1.3
1.0
0.9
0.6
Spreads
Forex - Exotics
Instrument
AUDSGD
EURNOK
EURSEK
EURSGD
EURTRY
GBPNOK
GBPSEK
NZDSGD
SGDJPY
USDCNH
USDHKD
USDMXN
USDNOK
USDSEK
USDSGD
USDTHB
USDTRY
USDZAR
Min Spread
0.0
0.0
3.5
0.0
32.3
6.0
xxx
xxx
0.0
0.0
0.0
0.0
3.5
3.8
0.0
0.7
5.7
0.0
Avg Spread
0.8
17.5
18.3
1.0
42.8
30
xxx
xxx
1.0
56
2.5
20.1
17.9
17.0
0.8
1.4
23.0
40.4
Spreads
Commodities
Instrument
XAGUSD
XAUUSD
UKOIL
XTIUSD
XAUEUR
XPTUSD
XPDUSD
XNGUSD
UCUUSD
Min Spread
0.0
0.0
0.5
1.6
3.6
N/A
N/A
0.5
2.5 (01:00 – 14:00)
1.5 (15:00 – 22:00)
2.5 (23:00 – close)
Avg Spread
1.1
0.12
1.6
1.6
N/A
N/A
N/A
N/A
N/A
Spreads
Indices
Instrument
AUS200
CHINA50
ES35
EUSTX50
FRA40
GER30
HK50
JPN225
NAS100
UK100
US30
US500
Target Spread
0.8-1.5
9-16
6-12
0.7-1
0.75-1
0.5-0.7
4-8
6-10
0.5-0.8
0.5-0.75
1.3-1.6
0.3-0.5
Market Hours
Avg Spread
0.8
N/A
N/A
1.0
1.1
0.7
4.3
7.0
1.0
0.84
1.7
0.4
Market Hours
*Target Spread
2.4
9.0
6.0
4.0
10.0
2-7
30.0
7.0
2.0
2.5-9
<3
<0.8
*Out of Hours
EightCap passes on the prices it receives from its liquidity providers to traders. This means our spreads are variable and fluctuate in line with market liquidity and volatility.
Don’t trust brokers with fixed spreads as these will usually come with strict trading restrictions, slower execution times, increased rejections (especially during fast markets and volatility) and higher spread costs. These restrictions can prevent you from making money.
Benefits of
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Electronic Communications Networks or ‘ECNs’ are off-exchange execution venues which allow market participants to trade with a range of counterparties anonymously. They are the main trading venues for OTC markets such as Foreign Exchange and Metals. This basically means ECNs provide the technology and venue for price makers aka ‘liquidity providers’ to distribute their liquidity. Price takers (traders) can see these prices and execute trades against them. The ECN is therefore responsible for prices/quotes and the execution of orders.
Spreads from 0.0 pips refers to a broker's ability to price a product with a spread of 0.0 pips. This can normally only be done when a number of conditions are met, including: an aggregated or ‘ECN’ price feed (see ECN page) and no spread floor in place i.e. no minimum spread. The term was first used in 2012 at about the same time that (news) ‘tick scalper’ automated trading systems were giving brokers headaches. Global Prime and a number of other brokers used the term ‘Spreads from 0.0 pips’ to help distinguish themselves from brokers who have spread floors/minimums and put restrictions on trading. Nowadays most brokers feature this term or ‘ECN’ in their advertising but they will have restrictions on trading due to their B-book model.
EightCap has spreads from 0.0 pips with no restrictions and operates an ECN/STP model.
The Spread is the difference between the market bid and ask price on a security for an immediate order. The spread is represented by the bid and offer quotes and can be perceived as a measure of liquidity in the market. Generally speaking, tight spreads are indicative of high liquidity whereas wide spreads are an indicator of scarce liquidity.
You can find the average spreads at table above.
The bid price represents the maximum price that a buyer is willing to pay for a security and the ask price represents the minimum price that a seller is willing to take for the security.
The bid price represents the maximum price that a buyer is willing to pay for a security and the ask price represents the minimum price that a seller is willing to take for the security.
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