Typical spreads
While minimum spreads can grab the headlines they don't tell the whole story, as markets can be volatile and the underlying market spreads can widen throughout the day.
At CMC Markets we believe it is important that our competitors should be more transparent and publish their daily typical spreads as well as their minimum spreads. Consistent daily typical spreads are a reflection of pricing consistency throughout the day. Below you will find two tables showing CMC Markets’ most popular typical spreads recently.
Remember that on the CMC Tracker platform there is no dealer intervention and the execution is 100% automated.
CMC Markets – FX pairs
| Instrument | Minimum spread | Typical spread (09/06/2013 21:00 - 14/06/2013 21:00) |
|---|---|---|
| AUD/USD | 0.7 pt | 1.261 pts |
| EUR/CHF | 2.0 pts | 3.552 pts |
| EUR/GBP | 0.9 pt | 1.527 pts |
| EUR/JPY | 1.5 pts | 2.527 pts |
| EUR/USD | 0.7 pts | 0.970 pts |
| GBP/JPY | 2.5 pts | 3.438 pts |
| GBP/USD | 0.9 pt | 1.631 pts |
| NZD/USD | 2.0 pts | 2.121 pts |
| USD/CAD | 1.7 pts | 2.152 pts |
| USD/CHF | 1.5 pts | 2.003 pts |
| USD/JPY | 0.7 pts | 1.217 pts |
CMC Markets - Indices
| Instrument | Frequency | From (UTC) | To (UTC) | Fixed spread * |
|---|---|---|---|---|
| UK 100 | Daily | 08:00 | 16:30 | 1.0 pts |
| UK 100 | Daily | 16:30 | 21:00 | 1.5 pts |
| UK 100 | Daily overnight | 21:00 | 08:00 | 6.0 pts |
| GERMANY 30 | Daily | 07:00 | 21:00 | 1.0 pts |
| US NDAQ 100 | Daily | 24 hrs | 24 hrs | 1.0 pts |
| US 30 | Daily | 07:00 | 21:15 | 1.4 pts |
| US 30 | Daily overnight | 21:30 | 07:00 | 3.0 pts |
The spreads above are only available on the CMC Tracker platform.
Spreads explained
There are three common ways of quoting spreads on the CMC Tracker platform: fixed, minimum and typical.
- Fixed spreads are available on a range of our instruments. The benefit of trading on a fixed spread is that even during volatile market conditions the spread remains static. Some instruments have different in-hours and out-of-hours fixed spreads due to lower market liquidity outside of the main trading session. However, fixed spreads cannot be guaranteed during the most extreme market conditions. Please refer to the CMC Tracker platform for trading hours.
- A minimum spread is the lowest spread that will be shown on the given instrument. If the underlying market spread widens throughout the trading day, the CMC Tracker platform spread may also widen. Unlike some other CFD providers, during normal market conditions our typical spreads are much closer to our minimums.
- Typical spreads are a reflection of a company's pricing consistency throughout a 24-hour period. This is why we now encourage our customers to look at the typical spread of an instrument.