This is what you pay when you open a trade - it's the difference between the Buy price and the Sell price.

For example, when trading EUR/USD, if the Buy price is 1.3128 and the Sell price is 1.3125, then the Spread would be 3 pips.

For example, when trading EUR/USD, if the Buy price is 1.3128 and the Sell price is 1.3125, then the Spread would be 3 pips.