Every market has two prices at any given moment: the bid price and the ask price. You will see both quoted side by side in your platform at all times.

The bid price is the price at which you can sell. The ask price is the price at which you can buy. The ask is always slightly higher than the bid. The difference between the two is known as the spread, which forms part of the cost of each trade.

The spread exists because there is always a small gap between what buyers are willing to pay and what sellers are willing to accept. This is normal across all financial markets and is not specific to Axi.

Spreads can widen or narrow depending on market conditions. During periods of high liquidity — such as when major markets overlap — spreads tend to be tighter. During low-liquidity periods, such as around public holidays or major news events, spreads may widen temporarily.