It means when trading with that account, you should not expect to be charged spreads lower than 1.2 pips.
For any instrument you trade on the account, the spread will be 1.2 pips or higher. As a matter of fact most times you may never get the 1.2 pips spread; they will always charge you higher than 1.2 pips, so its just a marketing gimmick but in most cases the spread will be higher than 1.2 pips.