No matter which financial market you choose to trade in, you must account for your costs, especially the difference in price between purchasing and selling an underlying asset, which is known as the spread. Xlence offers 4 levels of account upgrades offering razor thin spreads on trading accounts.
| Xlence Essential | Xlence Prime Upgrade* |
Xlence Deluxe Upgrade* |
Xlence Ultimate Upgrade* |
|
|---|---|---|---|---|
EUR/USD
|
1.4 | 1.2 | 0.9 | 0.7 |
EUR/CHF
|
2.2 | 2.0 | 1.7 | 1.5 |
EUR/GBP
|
1.5 | 1.3 | 1.0 | 0.8 |
EUR/JPY
|
1.9 | 1.7 | 1.4 | 1.2 |
GBP/CHF
|
2.7 | 2.5 | 2.2 | 2.0 |
• Available as an upgrade to Xlence Essential Account
Notes:
• Average Spread takes into consideration a large period of time, for example the whole Day Session (09:00 – 18:00). To view real time values clients should refer to their client terminal.
• During the more volatile Night trading session spreads will be wider than those displayed above.
News events frequently cause uncertainty and volatility in the market. The release of economic data can affect market sentiment as they may come lower or higher than the market consensus. To reduce some of the risk of unexpected volatility, liquidity providers frequently widen spreads.
A high spread is indicated by a significant variance between the ask and bid prices. The spreads on major currency pairs are usually low, while the spreads on emerging market currency pairs are usually higher. Spreads that are higher than usual are the result of decreased liquidity or increased volatility. Spreads can significantly widen ahead of important news releases or during crucial political events, like the US elections.
A low spread means there is little difference between the ask and bid prices. Low spreads are preferred by traders, especially during busy forex sessions. Low spreads are a sign of increased liquidity and decreased volatility.
Xlence, with registered address F20, 1st Floor, Eden Plaza, Eden Island, Seychelles, is a trade name of Tradeco Limited. Tradeco Limited is authorised and regulated by the Seychelles Financial Services Authority with licence number SD029.
The Group includes Damadah Holding Limited with registered address at 365, Agiou Andreou, Efstathiou Court, 2nd Floor, Flat 201, 3035 Limassol, Cyprus.
Risk Warning: Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone, you should ensure that you understand the risks involved.
Xlence does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea.
This website is not intended for UK residents, nor is it bound by the MiFID II regulatory framework or by the rules, guidance and protections set out in the UK Financial Conduct Authority Handbook.
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