Spread and rate lock
In guided buy and sell, the price and any applicable rate-lock component are shown separately before confirmation. Advanced trading uses a live order book.
Two different concepts
Spread is the gap between market buy and sell prices. A rate-lock component is a separate charge that may apply to guided buy or sell.
Two trading modes
Before confirmation, you see the available price information or order details and relevant charges.
Guided buy and sell
The transaction price and any rate-lock component that applies are shown as separate items before confirmation.
Applicability and terms for the rate-lock component are set out in the fee schedule.
Advanced trading
Advanced trading uses a live order book. The guided mode's rate-lock component does not apply.
Relevant charges are shown according to the trading terms and action you choose.
The fees page explains which components may apply. The trading-modes guide helps you choose your route.
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