MetricBeginner
Markup
An additional amount added to the raw spread by a broker as a revenue model, widening the effective spread for the client.
Last updated: February 1, 2026
1
The broker receives raw bid and ask prices from LPs.
2
A fixed or variable amount is added to the raw spread (e.g., 0.2-0.5 pips).
3
The client sees and trades on the marked-up price, not the raw LP price.
4
Markup is the broker's revenue in zero-commission or low-commission models.
5
The markup amount may vary by instrument, account type, or trading volume.