Welcome To CG Trade
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When you begin trading, you’ll notice that you’re given a ‘bid’ (or ‘sell’) price and an ‘ask’ (or ‘buy’) price. The ‘bid’ is the price at which you sell the base currency, and the ‘ask’ is the price at which you buy the base currency. The difference between these two prices is what we call the spread.
When a trade is opened, there are always third parties who facilitate the opening and closing of that trade, like a bank or a liquidity provider. These third parties must make sure that there is an orderly flow of buy and sell orders, which means that they have to find a buyer for every seller and vice versa.
The third party is accepting the risk of a loss while facilitating the trade, thus the reason the third party will retain a part of each trade – that retained part is called the spread!
The spread itself is measured in ‘pips’, which is the smallest unit of price movement of a currency pair. So, the spread in the below example is 0.2 Pips.
RISK WARNING: Contracts for Differences (‘CFDs’) are leveraged financial products and may incur a high level of risk whereby a small market movement or fluctuation in prices may affect the investment value greatly. It may not be appropriate for all individuals and you should not risk more than you are prepared to lose. CFDs are not traded on any exchange and they are Over-The-Counter products whereby the prices of the CFDs are derived from the underlying market. CFD traders do not own or have any rights to the underlying assets. Before deciding to trade, you should ensure that you understand the risks involved and take into account your level of trading experience. You should obtain independent financial, legal and tax advice before proceeding with any trading instruments. Nothing in this website should be construed as any investment advice by CGTrade or any of its affiliates, directors, officers or employees. Please read our Risk Disclosure and Acknowledgement Notice and Client Agreement to understand further on the trading risks on our trading platform.
LEGAL: This website is operated by CGTrade (Mauritius) Limited with its registered address at 3rd Floor Standard Chartered Tower, Cybercity, Ebene. CGTrade (Mauritius) Limited is authorised and regulated by the Mauritius Financial Services Commission with the regulatory licence number C118023669.