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Simulated conditions may differ from real conditions, and traders should not necessarily expect the same results from live trading.

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Spreads

The spread is the difference between the Bid and the Ask price of a given currency pair. The Ask is the price you pay to buy and the Bid is the price at which you sell a currency pair. CMS Forex UK charges no commissions, and as a market maker may make some of its revenue from the Bid/Ask spread. CMS Forex UK offers variable spreads as low as 1.4 pips on EUR/USD and USD/JPY, our most popular currency pairs. Competitive spreads lower your transaction costs per trade and may make it easier to open and close individual positions closer to your target price.

Starting March 14, 2010, CMS Forex UK will offer variable spreads on all our currency pairs. CMS Forex UK strives to provide our customers with the most competitive trading terms and the best trading environment we can offer. In fact, most of the pairs affected by this change in spread start at a variable price below the level at which they were fixed, enabling our clients to potentially trade at an even better spread than what was offered before. Please note that at times of higher volatility, our spreads may widen.

Below is a list of our currency pairs and their new spreads. To view our current spreads, please click here.

Currency Pairs offered as of March 14, 2010:

Currency Pair Spread (as low as)
AUD/CAD 4.5
AUD/CHF 5
AUD/JPY 3.2
AUD/NZD 7.3
AUD/USD 2.9
CAD/JPY 3.3
CHF/JPY 2.5
EUR/AUD 4.5
EUR/CAD 4.5
EUR/CHF 2.5
EUR/DKK 3
EUR/GBP 2.2
EUR/JPY 2.4
EUR/NOK 60
EUR/NZD 15
EUR/PLN 180
EUR/SEK 60
EUR/TRY 25
EUR/USD 1.4
GBP/AUD 6.5
GBP/CAD 12
GBP/CHF 4.9
GBP/JPY 4.3
GBP/NZD 15
GBP/USD 2.5
NZD/JPY 4.9
NZD/USD 3.3
USD/CAD 2.9
USD/CHF 2.9
USD/DKK 10
USD/HKD 5
USD/JPY 1.4
USD/MXN 60
USD/NOK 50
USD/PLN 20
USD/SEK 50
USD/SGD 4.3
USD/TRY 15
USD/ZAR 75
ZAR/JPY 2.5

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CMS Forex UK’s Competitive Spreads
CMS Forex UK works hard to provide our clients with the lowest possible trading costs, appropriate to current market conditions. Though some dealers may offer lower spreads than CMS Forex UK, we advise you use caution and consider all the factors before choosing a Forex dealer. As many Forex dealers make a part of their revenue from the Bid/Ask spread, dealers that have a lower spread may offer poor quality of execution by aggressively re-quoting or slipping clients' orders, thus making it difficult for you to enter the market at the price of your choice. Some services offer lower spreads yet charge commissions on trades or levy hidden fees, thus often increasing rather then decreasing the total cost of execution.

At CMS Forex UK, we pride ourselves in providing low spreads coupled with quality execution.

†CMS Forex UK is compensated through the Bid/Ask spread.

‡For qualifying accounts only.