Trade Forex

A pip (Point In Percentage) is the smallest standard price movement in forex. For EUR/USD: 1 pip = 0.0001 = $10 per standard lot (100,000 units). Examples: EUR/USD moves from 1.0850 to 1.0851 = 1 pip move. If you have 1 lot and gain 50 pips = $500 profit. If you have 0.1 lots and gain 50 pips = $50 profit. Note: Some platforms show a 5th decimal (pipette), where 10 pipettes = 1 pip.

The spread is the difference between the bid (sell) price and ask (buy) price. It's your main trading cost. Example: EUR/USD bid 1.0850, ask 1.0851 = 1 pip spread. You pay the spread when entering any trade. Lower spreads = lower costs. Milton Markets offers: FLEX accounts from 1.7 pips, SMART accounts from 1.0 pips, ELITE accounts from 0.0 pips (raw spreads with $2 commission).

Complete cost breakdown: SPREAD: Main cost - varies by account (1.7/1.0/0.0 pips). COMMISSION: $0 on FLEX/SMART, 0.2 pips on ELITE. SWAP FEES: Daily rollover charges for overnight positions (varies by instrument). NO FEES: Deposits, withdrawals, account maintenance, inactivity. EXAMPLE: Trade 1 lot EUR/USD on SMART account = 1.0 pip spread cost = $10 total cost for day trade.

FLEX Account: No minimum deposit, 1:100 leverage, spreads from 1.7 pips - perfect for beginners with slippage protection. SMART Account: $100 minimum, up to 1:1000 leverage, spreads from 1.0 pips - our most popular choice for active traders. ELITE Account: $1,000 minimum, up to 1:500 leverage, spreads from 0.0 pips with $2 commission - institutional-grade for professional traders.

FLEX Account: $0 minimum deposit - start with any amount you're comfortable with. SMART Account: $100 minimum deposit - best value for most traders. ELITE Account: $1,000 minimum deposit - for serious traders wanting raw spreads. All deposits are processed instantly with no fees from our side. You can deposit via credit cards, e-wallets (Skrill, Neteller), or bank transfer.