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.

Minimum deposit can vary by account type and deposit method. For the latest minimums, fees, limits, and processing times, please sign in to the Client Portal and check Funds → Deposit.