A spread markup is the additional spread a broker adds on top of the raw interbank spread received from liquidity providers. It is the primary revenue source for commission-free account types. For example, if the raw EUR/USD spread from liquidity providers is 0.2 pips, the broker might add a 1.0-pip markup, resulting in a client spread of 1.2 pips. Transparent brokers disclose whether their spreads include a markup.
On a Standard account (no commission), the EUR/USD spread is 1.6 pips. Of this, approximately 0.2 pips is the raw interbank spread and 1.4 pips is the broker’s markup. On a Zero account, you see the raw 0.2-pip spread but pay a separate commission per lot.
Ready to trade?
A-Book execution, 100+ instruments, and 24/5 multilingual support.