Spreads Quoted in Pips, Paid in Money · FxPro Indonesia
What does trading actually cost at FxPro — and is the Standard or Raw+ account cheaper for you? Spreads, commission and the all-in cost per trade.
Open FxPro Account →A spread is quoted in pips and paid in money, and those are two different units. The bridge between them is the value of one pip on the size you trade: one standard lot on an FX major is 100,000 units, so a pip of 0.0001 is worth 10 units of whatever currency the pair is quoted in — $10 on a dollar-quoted major such as EUR/USD, and something else once the quote currency is the yen or the Canadian dollar. Multiply the spread in pips by that pip value and you have the entry half of the bill; on a Raw+ account add the commission of $3.50 per lot per side, which arrives already denominated in cash. That is why the two account types cannot be compared in pips alone: the Standard account states its whole cost inside the quote, while Raw+ splits it into a pips half and a cash half. The measured cost table below does the multiplication for every instrument at the spread we last recorded.
Real measured Raw+ spreads and cost
The median spread, all-in cost and how the spread compares with an independent interbank reference feed, measured on FxPro’s own MT5 Raw+ feed — first-hand, not advertised:
| Instrument | Median spread | All-in / lot | All-in (pips) | vs reference |
|---|---|---|---|---|
| EUR/USD | 0.2 pips | $9.00 | 0.9 pips | −0.1 pips |
| GBP/USD | 0.6 pips | $13.00 | 1.3 pips | 0 pips |
| AUD/USD | 0.4 pips | $11.00 | 1.1 pips | −0.5 pips |
| USD/CAD | 0.4 pips | $9.88 | 1.37 pips | −0.7 pips |
| USD/JPY | 0.3 pips | $8.88 | 1.41 pips | 0 pips |
| XAU/USD (Gold) | 15 pips | $22.00 | 22 pips | −43.9 pips |
‘All-in (pips)’ is also your break-even — the move needed to cover spread plus commission. ‘vs reference’ compares our measured spread with an independent interbank reference feed over the same hours; a negative number means FxPro’s spread was tighter. The round-turn cost is about $78 per $1,000,000 traded on EUR/USD. This page is the Standard-vs-Raw+ cost overview; for the live, hour-by-hour measured spread feed see our live spreads page.
How much a trade costs: Standard vs Raw+
| Instrument | Standard spread | Standard cost | Raw+ spread | Raw+ cost + comm | Cheaper |
|---|---|---|---|---|---|
| EUR/USD | 1.2 pips | $12.00 | 0.2 pips | $9.00 | Raw+ |
| GBP/USD | 1.5 pips | $15.00 | 0.4 pips | $11.00 | Raw+ |
| USD/CAD | 1.6 pips | $12.00 | 0.5 pips | $10.75 | Raw+ |
| USD/JPY | 1.3 pips | $9.10 | 0.3 pips | $9.10 | About equal |
Approximate cost for a round-turn standard lot (100,000 units), in USD. Raw+ / cTrader commission is $3.50 per lot per side ($7.00 round turn) on Raw+ and cTrader accounts. Pip values and spreads are variable — confirm live figures in your platform. Last updated 2026-06-20.
Which account is cheaper for you
Raw+ replaces a wider spread with a tighter spread plus a $7 round-turn commission, so it only pays off once the spread saving beats that commission — about 0.7 pips on a $10-per-pip major such as EUR/USD. If the Standard spread is more than roughly 0.7 pips wider than the raw spread, Raw+ is cheaper; if the gap is smaller (or you trade rarely), the Standard all-in spread can win. As a rule of thumb, frequent traders on liquid majors save with Raw+, while occasional traders often prefer Standard.
Open FxPro Account →Typical FxPro spreads (all instruments)
| Instrument | Standard spread | Raw spread |
|---|---|---|
| EUR/USD | 1.2 pips | 0.2 pips |
| GBP/USD | 1.5 pips | 0.4 pips |
| USD/CAD | 1.6 pips | 0.5 pips |
| USD/JPY | 1.3 pips | 0.3 pips |
| Gold (XAU/USD) | 2.5 pips | 1.0 pips |
| US 500 (S&P) | 0.4 pts | 0.4 pts |
Indicative spreads. Metals and indices use different contract sizes — see our gold page for XAU/USD costs.
How a spread becomes a cost
The spread is the gap between the buy and sell price of a contract for difference (CFD). You pay it on entry: spread (in pips) × the pip value of one lot equals your cost. On a Standard account that spread is your whole trading cost; on Raw+ you pay a tighter raw spread plus the $7 round-turn commission. Compare the two on our Raw+ account, MT4 and MT5 pages.
Two units in one bill
A quote moves in pips; an account moves in money. Every cost argument about a broker is really an argument about the multiplication between the two, and it is a short one: pips times the value of a pip times the number of lots. The value of a pip is not a market opinion — it falls straight out of the contract, which is 100,000 units for one standard lot on an FX major.
The reason the two account types resist comparison is that they state the same bill in different units. The Standard account keeps everything in pips, inside the quote. Raw+ keeps the spread in pips and moves the rest into cash, at $3.50 per lot per side. Nothing can be concluded until both halves are converted into one unit — and cash is the only unit that survives a change of instrument.
Why the pip is not the same money on every pair
The pip is worth ten units of the currency on the right-hand side of the pair. When that side is the dollar, one pip on one lot is $10 and the arithmetic stops there. When it is the yen, the pip is 1,000 yen; when it is the Canadian dollar, it is 10 Canadian dollars. Those figures then have to be expressed in the currency the balance is held in, and that last step moves with the market rather than staying fixed.
This is the whole explanation for a table where the tightest quote is not the cheapest trade. It also explains why a rule of thumb learned on one major quietly stops working on another: the pips did not change meaning, the money behind them did.
Reading the cost table as a conversion, not a verdict
The measured table above has already done the multiplication — spread in pips, pip value, commission where it applies — and prints the result per standard lot. Treat it as arithmetic you could repeat rather than as a score: every input is on the page, and the same three numbers will price a stop distance, a target or a partial fill just as well as they price a spread.
For the raw specification behind the conversion — contract size, the number of decimals a symbol is quoted to and the cash value of one point — see our trading conditions page; the hour-by-hour behaviour of the quote itself is on live spreads.
Frequently asked questions
How do I turn a spread in pips into an amount of money?
Why is the same spread a different cost on different pairs?
Where does contract size come into the cost?
Does the commission change with the instrument?
How many pips of saving does the Raw+ commission need before it pays off?
Why does the cost table rank instruments differently from the spread table?
Does the Standard account have a pip value of its own?
What does a 0.3 pip spread mean in money?
Reviews
Spreads get a thumbs up on the majors and oil — traders call them competitive and reckon orders fill fast. Gold's the sore spot: a few clock it swinging 30–45 pips, way wider than they'd like. The ECN account trades tighter but the commission stings, 'on the higher side.' Fine if you stick to majors — just eyeball the metals spread before you load up.
Worst withdrawal experience bad spread and it really messing with my stop loss I don't recommend them honestly not just to spoil there name but they should do something
I have to claim that I MAINLY satisfied with the services offered by the FxPro broker, but not completely.
Mixed feelings, supposedly top tier broker, but some spreads are rather high and within days of opening account message about dormant account fees.
Fast orders, fair spreads. Easy withdrawals. Stable fxpro platform. commissions for ecn account is on a higher side:-s
Awesome trading platform with unmatched speed of orders execution and tight spreads. I believe this combination is what helps traders earn profits.
I do prefer a raw account’ why! See spreads. Although when I started I liked the spreads in the standard account too but over time liked the idea of commission and near to zero spreads…