[Resolved]  Olymp Trade — I cant find the exact spread on Forex

I am new to Olymp Trade, but I have some experience trading with other brokers. I am still learning, and have to learn a lot more about forex trading but I have a small problem navigating Olymp Trade’s platform.
In my trading strategy, the spreads are o[censored]tmost importance, I keep my trades open for a short time and take small profits. I think they called it scalping or similar.
The book from where I learned this strategy provided a risk-management strategy that is based on the spreads for the traded pair. While the platform is pretty simple and easy to understand, I tried every option but I couldn’t find what the spreads are for the forex pairs. Any ideas where this information is hidden and how to display it on my chart?
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Oct 22, 2023
Complaint marked as Resolved 
Alright, I found the root of my problem, there are no spreads on Olymp Trade forex trading.I thought I needed to activate it from somewhere to display the buy and sell price, but I just discovered that this broker is charging a commission only, there are no spreads at all. The commission is calculated based on the trade size and multiplier used… I still need to understand better how it works, but I think this would be even better for my trading strategy.
Olymp Trade customer support has been notified about the posted complaint.
Complaint comments 

Comments

Hello, FarazN.

Thank you for your comment. We do not charge for Spreads. A small fee as commission is taken only on the Forex trading mode. A certain amount is deducted from the trader's balance when opening a Forex trade. This amount depends on several criteria: trade amount, multiplier, asset specification, etc. The current commission is shown along with the rest of the information about the trade. However, the final payment may sometimes differ slightly due to the market situation.

Information about the minimum commission rate for opening trade and other conditions can be found in the "Assets " menu's " Trading Conditions " tab. You can access it through the "Help" section.

Another fee that you may need to know is the Overnight fee. Overnight fee is a commission for carrying a trader's leveraged position overnight and then deducted from the balance on a daily basis.

The amount of commission depends on the factors of the trade amount, direction, multiplier, and overnight fee rate of the pair. The latter can be found in the "Assets " menu's " Trading Conditions " tab.

Best regards, Olymp Trade team.
Olymp Trade Customer Care's response, Dec 28, 2023
Verified Support
Hello, FarazN.

We are so happy that we have been useful to you. We understand that sometimes there would be some confusion around trading. But we are glad that you have reached out to us. We are here to answer any question that occurs to you along your trading journey.

Please let us know if you have any further questions.
Best regards, Olymp Trade team.

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