Spread and price lock
How pricing works in each trading mode.
In quick buy and sell, the price and any applicable price-lock component are shown separately before confirmation. Advanced trading uses a live order book.
Two different concepts
Spread and price lock are different.
Spread is the gap between market buy and sell prices. A price-lock component is a separate charge that may apply to guided buy or sell.
Two trading modes
Your trading mode determines the pricing mechanism.
Before confirmation, you see the available price information or order details and relevant charges.
Quick buy and sell
The price and the price lock, shown separately.
The transaction price and any price-lock component that applies are shown as separate items before confirmation.
Applicability and terms for the price-lock component are set out in the Fee Schedule.
Advanced trading
Price from the live order book.
Advanced trading uses a live order book. The quick buy price-lock component does not apply here.
Relevant charges are shown according to the trading terms and action you choose.
Review the details before you continue.
The fees page explains which components may apply. The trading-modes guide helps you choose your route.