The Bid Price is the current market price available at which market participants are willing to BUY a currency pair. If you wanted to SELL a particular currency pair immediately at the prevailing market price you would SELL at the Bid price.
The Offer (Ask) Price is the current market price available at which market participants are willing to SELL a currency pair. If you wanted to BUY a particular currency pair immediately at the prevailing market price you would BUY at the Offer (Ask) price.
A Bid Offer price is usually quoted as Bid/Offer, for example EURUSD 1.33500/1.33510.
The Spread is the difference between the Bid and Offer prices and is quoted in Pips. For example, for EURUSD 1.33500/1.33510 the spread is equal to 1 pip. The spread is the intrinsic cost of executing a round trip (Buy and Sell) on an FX pair.
The Spread is also a measure of liquidity in the market, at highly liquid times usually during the London session and the New York Crossover, liquidity will be at its peak and spreads will tend to be very low (even lower on our LatentX ECNpro & PRIME accounts). However during illiquid times such as just prior and at the time of major news releases, liquidity will be very sparse as the major market participants will remove their orders from the market to reduce unnecessary risk. During these times the market spreads will be at their highest.
The following order types are available:MARKET
We offer trading on over 100 FX & CFD instruments, across 5 asset classes. A full list of the instruments and contract specifications can be found here
Market opening hours are available here
Yes you can trade any way you like and employ any strategy. All client orders are passed directly to our liquidity providers in a true STP / no dealing desk environment, so our clients gains/losses do not affect VARIANSE. There is no conflict of interest between VARIANSE and its clients.
Margin Calls are an alert from the broker for the client to deposit more funds as the losses incurred on the account are getting dangerously low to wiping out the full account equity. Stop out levels are our automatic safety mechanism to reduce client losses to a manageable level and protect both the client and VARIANSE. Full details can be found here
Currently we offer MetaTrader4, MetaTrader4 Mobile, Multi Account Manager for MetaTrader and FIX API connectivity (for qualifying clients). Please refer to our Trading Platforms page for more information.