What are fixed spreads?
Fixed spreads do not vary throughout the day as floating spreads do. There is a Day Rate, a Night Rate, and a separate Night Rate for fixed spreads, as well as an Abnormal Rate that appears only during extremely volatile market conditions. A fixed-spread account allows you to manage your trading costs more effectively, as you can know in advance the pip difference between the bid and the ask prices.
Fixed spreads are particularly useful for news traders, algorithmic traders and those trading at shorter time frames.