Spread is a source of income for the brokers
Topic: Spread is a source of income for the brokers
Spread is generally considered asthe trade incomes for the brokers. According to the broker they provide services in exchange of spread. In simple terms, spread is a term which is considered as the cost for the traders in the forex market which is to be paid by every trader in the execution of every trade. Otherwise, if we look at it, the spread is the difference between the bid price and the ask price. Bid prices are always less than the ask price.