Morpher does not charge any trading fees, however you still have to remain mindful of the spread when you trade. Morpher spreads constantly change depending on the volatility of the underlying asset.

What are spreads?
In trading, spreads refer to the difference between two prices, specifically between the bid and ask prices of an asset. The bid price is the price is the price level at which traders are buying the asset, while the ask (or offer) price refers to the price level at which traders are able to sell the asset.

Spreads exist in the financial world because investors often have different opinions about the expected performance of the markets. Buyers want to invest at the lowest price possible to maximise their potential returns, and look for the lowest asking price, while sellers want to sell at the highest possible price, and look for the highest bid. A larger spread is indicative of illiquidity, often the result of volatility, brought upon investors sharing conflicting sentiments and a reluctance to sell or buy at current price levels.

Volatility causes spreads to widen, which can put you at a disadvantage. Remain cautious of spreads in volatile markets.

When you make a buy trade, you're doing so at the buy (bid) price and closing is done at the sell (ask) price. Likewise, when you're making a sell trade (going short), you're doing so at the sell (ask) price, and will be closing the position at the sell (bid) price.
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