Spread
The spread is the gap between the bid and the ask, and MetaTrader 5 shows it in points.
Explanation
Because a buy is priced at the ask and a sell at the bid, the spread is the difference between those two quotes. MetaTrader 5's Market Watch shows the spread in points and can mark it as floating. IG's pip note says a currency-pair spread can be quoted in pips, and that IG itself refers to those moves as points on CFD and spread-bet tickets. A spread is a cost of the quote. It is not a fee schedule, and this site does not compare firms by it.
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Sources and last check
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