Trading

Spread

Spread

The difference between bid and ask price is called "spread". Example: EUR/USD is trading at BID price of 1.28000, and ASK price of 1.28017, the difference (1.7 pip) is the spread.

Land-FX clients benefit from the highly competitive spreads available in the OTC Market.

Pairs Quotes Swap Point Currency
Bid Ask Spread Long Short
AUD/CAD 0.9837 0.9839 2.0 0.1 -2.81 CAD
AUD/CHF 0.75580 0.7560 2.3 0.23 -2.8 CHF
AUD/JPY 85.3170 85.3330 1.6 0.12 -2.75 JPY
AUD/NZD 1.0530 1.0532 2.4 -2.66 -2.02 NZD
AUD/USD 0.7474 0.74750 0.9 -2.05 -2.45 USD
CAD/CHF 0.7682 0.7684 2.0 -1.98 -2.52 CHF
CAD/JPY 86.7230 86.7350 1.2 0.02 -2.45 JPY
CHF/JPY 112.86 112.89 2.9 -2.54 -2.23 JPY
EUR/AUD 1.4183 1.4185 2.6 -3.57 0.55 AUD
EUR/CAD 1.3952 1.3955 3.0 -2.84 -2.13 CAD
EUR/CHF 1.0722 1.0723 1.4 -2.22 -2.48 CHF
EUR/GBP 0.8802 0.8803 1.6 -2.54 -2.09 GBP
EUR/JPY 121.01 121.03 1.7 -2.45 -2.38 JPY
EUR/NZD 1.4936 1.49400 3.1 -3.85 0.69 NZD
EUR/USD 1.0602 1.0602 0.8 -2.66 -2.03 SUD
GBP/AUD 1.6111 1.6115 4.0 -3.3 0 AUD
GBP/CAD 1.5851 1.5854 3.4 -2.6 -2.65 CAD
GBP/CHF 1.2178 1.2182 4.0 0 -2.95 CHF
GBP/JPY 137.47 137.50 2.7 -2.22 -2.84 JPY
GBP/USD 1.20430 1.2045 2.7 -2.57 -2.32 USD
NZD/JPY 81.0100 81.0250 1.5 -1.67 -2.87 JPY
NZD/USD 0.7096 0.7097 1.2 -1.77 -2.71 USD
USD/CAD 1.3161 1.3162 1.4 -2.4 -2.45 CAD
USD/CHF 1.0113 1.0114 1.5 -1.96 -2.64 CHF
USD/JPY 114.14 114.15 0.6 -2.07 -2.64 JPY

Example of Swap calculation

If you are long 1 lot of USD/JPY overnight and the position is rolled for 1 day, the swap (the cost of holding the position overnight) is :

  • If long swap points of USD/JPY = -0.24
  • Contract size = 100,000 ( 1 Lot = 100,000 of the first-named currency)
  • Period(Day) = 1
  • Swap calculation = -0.00024 * 100,000 * 1 = -24 JPY

If when the swap is applied to your account, the currency of your account is USD and USD/JPY is 123.456, finally -0.19(USD) will be applied to your one at end of day(16:59 GMT-05)