Low Spread – The difference between “bid” (the value received when you sell), and “ask” (the amount you pay when you purchase) is called the “spread or spread” and is represented by PIPs. The PIPs represent the minimum unit of change in the value of a currency. In other words, the PIP represents the minimum value in changing a currency pair. Spread a drop or spread means a higher benefit for you, given that the cost to acquire or sell foreign currency would be lower. In other words, there is a low spread, you would pay a lower commission.
If your broker can not find it, find out who regulates the activity. Have adequate rules and capital requirements are high. If your company is in a developing country, the current rules might not be appropriate. (more…)