Pips and Spread

The Tramp

Active Trader
Sep 6, 2010
3
2
32
Hello everybody, I'm new here and I have a little doubt.

I am trying out a few Forex brokers and I'm not getting into terms with some terminology.

Spread
Brokers offer their servive in spreads:
Instrument Leverage Spreads (in pips) Trading Hours
EUR/USD 200:1 3 24hr

Pips:

From the FAQ of the broker a Pip is Pip is an acronym for Price Interest Point . This represents the smallest value of measurement for forex currencies.

Fine, the price I see for the EUR/USD is 1.27534 I would expect the difference between buy and sell being from 1.27531 and 1.27537 No?

No. When I place an order I see e wider spread:


And when I look at the expert advisor's currency properties, I get my confirmation:



Bottom line is: Should I complain, or am I getting something wrong?