--- title: (AU) Spread, Pip, Tick & Lot Size Definition description: This article explains what 'Spread', "Pip", "Tick" & "Lot Size" are? --- [Skip to content](https://helpcentrecn.blueberrymarkets.com/migration/au/spread-pip-tick-lot-size-definition#main-content) English Show submenu for translations [Contact us](https://helpcentrecn.blueberrymarkets.com/migration/au/kb-tickets/new?hsLang=en) ![v3 logotype white.png\]](https://helpcentrecn.blueberrymarkets.com/hs-fs/hubfs/v3%20logotype%20white.png?height=40&name=v3%20logotype%20white.png) Open main navigation Close main navigation - English Show submenu for translations - [Contact us](https://helpcentrecn.blueberrymarkets.com/migration/au/kb-tickets/new) - Visit website Visit website How can we help? - There are no suggestions because the search field is empty. 1. [Help Centre Australia](https://helpcentrecn.blueberrymarkets.com/migration/au?hsLang=en) 2. [Trading Accounts & Fees](https://helpcentrecn.blueberrymarkets.com/migration/au/trading-accounts-fees?hsLang=en) # (AU) Spread, Pip, Tick & Lot Size Definition ## This article explains what 'Spread', "Pip", "Tick" & "Lot Size" are? - **Spread** - The spread is the difference between a broker's sell rate and buy rate: BID and the ASK price in market quotes when exchanging or trading. The difference between the ASK price is applicable to a BUY order, and the BID price is applicable to a SELL order. ![](https://libertex.com/sites/default/files/inline-images/spread-1.jpg) In the above example, the BID price is 1.07987, and the ASK price is 1.07998. The difference between the two is 0.0011, which is written in the platform as 11 points (1.1 pips). Blueberry believes we have some of the tightest spreads in the industry. Our normal dealing spreads are between 1 and 3 pips for the major currency pairs. - **Pip– A Pip represents the change in value between two currencies**. - For example, if the GBP/USD moves from 1.3350 to 1.3351 it has moved by 0.0001 or one Pip (1.3351 – 1.3350 = 0.0001). - **A Tick is the smallest increment an individual instrument can move. It is like a Pip, but it may not measure every increment equally.** - *For example*, a tick on one instrument may be measured in increments of 0.0001, whereas another instrument may be measured in increments of 0.25. - **A Point is a shift in the dollar amount**. - *For example*, if a share price went from $35 to $40, traders would say it has moved 5 points. For FX, a point is used to refer to the 5th decimal place. *Please note: On the MT4 platform, spreads are shown in Points. 1 pip is equivalent to 10 points.* ### How Spread Differs Between a Standard and a Raw Account Our Raw account is a reduction of 1 pip off all the Standard spreads. This means that if the spread for any given pair on a Standard account is at 1 pip, it would be 0 pip for Raw. However, note that the reduced spreads on the Raw account apply **only to forex and XAUUSD (Gold - US Dollar)**. Spreads on any other instruments would be the same for both Standard and Raw accounts. Additionally, Raw accounts have [commissions](https://helpcentre.blueberrymarkets.com/au/what-are-our-spreads-and-commissions) which are at about $7 per round turn trade and are quite cheap. The commission varies depending on the account's currency and the current day's exchange rates, i.e. 4 GBP, 5 EUR, 7 SGD. ### Spread Rates - Refer to [https://blueberrymarkets.com/trading/spreads-and-rates/](https://blueberrymarkets.com/trading/spreads-and-rates/) (the page shows our spreads for Raw accounts). - To see how our spreads fare with other Brokers refer to: [Blueberry spreads (Raw) vs other brokers.](https://blueberrymarkets.com/support/compare-blueberry-markets-spreads) - Related Articles: - [https://helpcentre.blueberrymarkets.com/en/trading-fees?hs\_preview=BJvjZsbt-177385454970](https://helpcentre.blueberrymarkets.com/en/trading-fees?hs_preview=BJvjZsbt-177385454970) - [Opening an Account](https://helpcentrecn.blueberrymarkets.com/migration/au/opening-an-account?hsLang=en#main-content) - [Getting Started](https://helpcentrecn.blueberrymarkets.com/migration/au/opening-an-account?hsLang=en#getting-started) - [Document Requirements](https://helpcentrecn.blueberrymarkets.com/migration/au/opening-an-account?hsLang=en#document-requirements) - [Non-Individual Accounts](https://helpcentrecn.blueberrymarkets.com/migration/au/opening-an-account?hsLang=en#non-individual-accounts) - [General](https://helpcentrecn.blueberrymarkets.com/migration/au/general?hsLang=en#main-content) - [Products](https://helpcentrecn.blueberrymarkets.com/migration/au/general?hsLang=en#products) - [Account Management](https://helpcentrecn.blueberrymarkets.com/migration/au/general?hsLang=en#account-management) - [Account Types and Features](https://helpcentrecn.blueberrymarkets.com/migration/au/general?hsLang=en#account-types-and-features) - [FAQ](https://helpcentrecn.blueberrymarkets.com/migration/au/general?hsLang=en#faq) - [Client Portal](https://helpcentrecn.blueberrymarkets.com/migration/au/client-portal?hsLang=en) - [Deposits](https://helpcentrecn.blueberrymarkets.com/migration/au/deposits?hsLang=en#main-content) - [Credit Card](https://helpcentrecn.blueberrymarkets.com/migration/au/deposits?hsLang=en#credit-card) - [Withdrawals](https://helpcentrecn.blueberrymarkets.com/migration/au/withdrawals?hsLang=en) - [Trading Accounts & Fees](https://helpcentrecn.blueberrymarkets.com/migration/au/trading-accounts-fees?hsLang=en#main-content) - [Account Types and Features](https://helpcentrecn.blueberrymarkets.com/migration/au/trading-accounts-fees?hsLang=en#account-types-and-features) - [Account Management](https://helpcentrecn.blueberrymarkets.com/migration/au/trading-accounts-fees?hsLang=en#account-management) - [Trade Support](https://helpcentrecn.blueberrymarkets.com/migration/au/trading-accounts-fees?hsLang=en#trade-support) - [Trading Fees](https://helpcentrecn.blueberrymarkets.com/migration/au/trading-accounts-fees?hsLang=en#trading-fees) - [MT4/MT5 Guides](https://helpcentrecn.blueberrymarkets.com/migration/au/mt4-mt5-guides?hsLang=en#main-content) - [Download](https://helpcentrecn.blueberrymarkets.com/migration/au/mt4-mt5-guides?hsLang=en#download) - [Demo Trading Account](https://helpcentrecn.blueberrymarkets.com/migration/au/mt4-mt5-guides?hsLang=en#demo-trading-account) - [Logging in](https://helpcentrecn.blueberrymarkets.com/migration/au/mt4-mt5-guides?hsLang=en#logging-in) - [Installing](https://helpcentrecn.blueberrymarkets.com/migration/au/mt4-mt5-guides?hsLang=en#installing) - [Trading](https://helpcentrecn.blueberrymarkets.com/migration/au/mt4-mt5-guides?hsLang=en#trading) - [MT4/MT5 Troubleshooting](https://helpcentrecn.blueberrymarkets.com/migration/au/mt4-mt5-troubleshooting?hsLang=en#main-content) - [Login & Connection Issues](https://helpcentrecn.blueberrymarkets.com/migration/au/mt4-mt5-troubleshooting?hsLang=en#login-connection-issues) - [Trade Issues](https://helpcentrecn.blueberrymarkets.com/migration/au/mt4-mt5-troubleshooting?hsLang=en#trade-issues) - [Announcements](https://helpcentrecn.blueberrymarkets.com/migration/au/announcements?hsLang=en) - [Platform Guides](https://helpcentrecn.blueberrymarkets.com/migration/au/platform-guides?hsLang=en#main-content) - [Trading](https://helpcentrecn.blueberrymarkets.com/migration/au/platform-guides?hsLang=en#trading) - [TradingView](https://helpcentrecn.blueberrymarkets.com/migration/au/tradingview?hsLang=en) [![blueberry\_markets\_logo](https://helpcentrecn.blueberrymarkets.com/hs-fs/hubfs/v3%20logotype%20black.png?width=838&height=157&name=v3%20logotype%20black.png "blueberry_markets_logo")](http://blueberrymarkets.com) Blueberry Help Centre Copyright © 2026, Blueberry Markets (Mauritius) Ltd