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The market spread is the difference between the Bid and the Ask (Offer) price of a financial trading product. Each time you open and close a position, you effectively cross the spread or pay the difference between the Bid and Ask price. In that sense, it is a direct trading cost to you.

The market Bid should be viewed as a measure of demand - or the highest price the traders are prepared to pay to sit at the front of the buying queue.
The market Ask should be viewed as a measure of supply – or the lowest price traders are prepared to sell at to sit at the front of the selling queue.
The total number of participants (buyers and sellers) and the size of their combined trading orders on both the Bid and Ask side of the price is known as market liquidity.

Zero Bid to Ask Spreads At FXTM, we are committed to developing and supplying industry-leading pricing technology.
That means improved execution speeds, consistent stability, and price transparency.
In a small group of carefully selected markets, we can use our pricing knowhow to reduce the typical market Bid to Ask spread to zero.
That is a unique and direct reduction in your trading costs!
Please visit our contract specification pages for Major FX pairs and Gold (XAUUSD) for details.

Whilst FXTM is committed to supplying the tightest market spreads and zero spreads where possible, there are other charges to consider.
To help and manage your trading instructions we charge a small and highly competitive commission by way of a tiered structure.
We also apply an overnight financing charge for positions carried into the next trading session. When you leverage (increase) your exposure in the market you have effectively borrowed the notional value of your trading position. This financing fee is effectively the overnight loan charge.
We believe it’s important that you understand all of the costs related to trading the financial markets.
To find details of our commission structure please click here.
Details of our overnight finance charges (swaps) can be found here
If you'd like to see a quick video on how swaps work, click here

The short answer is yes, your trading instructions can be filled at an improved (lower) Bid or an improved (higher) Ask price.

Limit order price improvements: If the first trading price at market open is lower than a limit buy order set on your account, we’ll complete your instruction at the improved price. The same improvement is passed to you if the first available price is higher than your limit sell order.

Bid and Ask price improvements: Many of the trading instruments we provide can come with fast moving and highly liquid pricing. The Bid and Ask prices visible on trading platform’s dealing ticket can change even in a fraction of the second it takes to complete your electronic instruction.
If our Bid or Ask prices are better than those selected at the time you click the buy or sell button, we will pass the improvement directly onto you.

Providing trading services and the highest levels of customer care for over 2 million clients worldwide has taught us a thing or two. Some of our clients are seasoned professionals looking for fast execution, low trading costs and the security that comes from choosing a longstanding, regulated and award-winning global brand. Many more are just beginning their trading journeys and require concise explanations and transparent charges, but above all, great supporting education and information resources.

Wherever you are on your own unique trading journey, we have an account type that will suit your level of experience, trading goals and appetite for risk. It’s important to choose the account that is right for you, and we would advise leaning more by following this link.