Which Account is best for you? Let us give you a hand in choosing the right account type for your trading needs.
| Standard account | Raw account | |
| Typical EUR / USD Spread | 1.5 - 1.8 pips | 0.5 - 1.0 pips |
| Commission | $0 | $3.5 per standard lot traded |
| Min. / Max. Trade Size | 0.01 lots / 100 lots | 0.01 lots / 100 lots |
| Margin Call Level | 80% | 80% |
| Stop Out Level | 50% | 50% |
| Min. Initial Deposit | $100 AUD or equivalent | $100 AUD or equivalent |
| Account Base Currencies | AUD, USD, EUR, GBP, NZD, CAD, SGD | AUD, USD, EUR, GBP, NZD, CAD, SGD |
| Scalping Allowed | Yes | Yes |
| EAs Allowed | Yes | Yes |
| Hedging Allowed | Yes | Yes |
Great spreads
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Open up a world of possibility with over 800 instruments across Forex, Indices, Commodities and Shares.
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Essentially, the tighter the spread, the lower the cost of trading. The wider the spread, the higher it costs.
For example, let’s say EURUSD is quoted with a buy price of 1.0984 and a sell price of 1.0983. The spread can be calculated by subtracting 1.0983 from 1.0984 – giving a total spread of 0.0001 or 1 pip.
At Place a Trade, prices are quoted up to 5 decimal points.
A spread is how brokers make money from each trade. It’s essentially a commission that replaces brokerage fees and charges. In forex trading, a spread is the difference between the buy price (ask) and the sell price (bid) of a security or forex pair. The difference is usually represented in pips. When trading a position, a spread is the gap or the difference between the short position and the long position.
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