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What is a bid and ask price?

Each currency pair listed by your broker is accompanied by an exchange rate that shows the bid and ask price for the currency pair.

The bid price is the rate that your broker is willing to pay for the currency pair; in other words, this is the rate you receive if selling to the market.

The ask price is the rate at which your broker is willing to sell and represents the rate you must pay to buy the currency pair.

The bid price is always less than the ask price because brokers pay less than they receive for the same currency pair. This difference is known as the spread.

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Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks. Refer to our legal section.

OANDA Corporation does not act in the capacity of your financial advisor or fiduciary and simply executes customer instructions. You are solely responsible for determining whether a particular transaction is suitable for you or meets your financial objectives. You should not regard any transaction proposal, suggested hedging strategies or other written materials or communications from OANDA Corporation as investment recommendations or advice.

OANDA Corporation forex customers can receive reports on trade execution. On request, OANDA will generate a Trade Execution Report of all the transactions OANDA executed, in the same currency pair, in the 15 minute windows before and after execution of the customer's transaction. The report will contain up to 15 transactions from each time period.

OANDA Corporation forex accounts are not protected by the Securities Investor Protection Corporation (SICP), nor do they receive a preference in any bankruptcy proceeding pursuant to Part 190 of the CFTC's regulations.

The CFTC has issued a customer advisory to inform the public of possible risks associated with investing or speculating in virtual currencies. Before investing, please review the "CFTC Customer Advisory: Understand the Risks of Virtual CurrencyA medium of exchange for goods and services, often issued and regulated by a central authority. Trading."

Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. OANDA Corporation is not party to any transactions in digital assets and does not custody digital assets on your behalf. All digital asset transactions occur on the Paxos Trust Company exchange. Any positions in digital assets are custodied solely with Paxos and held in an account in your name outside of OANDA Corporation. Digital assets held with Paxos are not protected by SIPC. Paxos is not an NFA member and is not subject to the NFA’s regulatory oversight and examinations.

OANDA CORPORATION IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS.

OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association. No: 0325821. OANDA Corporation has its office at 17 State Street, Suite 300, New York, NY 10004-1501. More Information is available using the NFA Basic resource.

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