Swap

An overnight financing credit or debit, subject to contract terms.

Spread is the gap between bid and ask. It may widen around news, thin liquidity or session changes. Raw pricing can still involve commissions, swaps and execution costs; a zero quoted spread does not make a trade free.

All educational content is provided for general information and educational purposes only. It does not constitute investment advice, financial advice or a recommendation to buy or sell any financial instrument. Trading leveraged products involves significant risk and may result in the loss of invested capital.