What is spread and how is it calculated?
Spread is the difference between the buying price (Ask price) and the selling price (Bid price) of the product in the unit of Points.
It is calculated as:
Spread = (Ask Price - Bid Price) / 10^(-Digit)
For example, if the Digit for XAUUSD is 2, the calculation would be:
Spread = (Ask Price - Bid Price) / 0.01 (i.e., 10⁻²)