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Sagot

The spread at OwlFX varies depending on the account type. For the Classic account, the spreads start from 0.6 pips for major currency pairs like EUR/USD, which is competitive for most traders. The ECN account, however, offers even tighter spreads starting from 0.0 pips, making it suitable for more active traders who require precise entry points and are willing to pay a commission for these benefits. Spreads starting from 0.0 pips are highly attractive for scalpers and day traders who rely on low-cost entry and exit points to maximize their profits. While tighter spreads can reduce trading costs, the commission model means that traders will need to factor in this additional cost when calculating their overall trading expenses.