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 0.9843 0.9846 3.2 0.1 -2.81 CAD
AUD/CHF 0.7560 0.7563 2.8 0.23 -2.8 CHF
AUD/JPY 85.3190 85.3480 2.9 0.12 -2.75 JPY
AUD/NZD 1.0523 1.0527 4.3 -2.66 -2.02 NZD
AUD/USD 0.7475 0.7477 2.0 -2.05 -2.45 USD
CAD/CHF 0.76800 0.7681 1.8 -1.98 -2.52 CHF
CAD/JPY 86.6670 86.6850 1.8 0.02 -2.45 JPY
CHF/JPY 112.83 112.860 2.8 -2.54 -2.23 JPY
EUR/AUD 1.4179 1.4183 4.0 -3.57 0.55 AUD
EUR/CAD 1.3960 1.3962 2.2 -2.84 -2.13 CAD
EUR/CHF 1.07230 1.0724 1.5 -2.22 -2.48 CHF
EUR/GBP 0.8796 0.8799 3.3 -2.54 -2.09 GBP
EUR/JPY 121.00 121.02 1.8 -2.45 -2.38 JPY
EUR/NZD 1.49240 1.4930 6.4 -3.85 0.69 NZD
EUR/USD 1.0602 1.0603 1.2 -2.66 -2.03 SUD
GBP/AUD 1.6116 1.6123 6.3 -3.3 0 AUD
GBP/CAD 1.5868 1.5871 3.8 -2.6 -2.65 CAD
GBP/CHF 1.2187 1.2191 3.6 0 -2.95 CHF
GBP/JPY 137.53 137.57 3.3 -2.22 -2.84 JPY
GBP/USD 1.2051 1.2052 1.1 -2.57 -2.32 USD
NZD/JPY 81.0560 81.0860 3.0 -1.67 -2.87 JPY
NZD/USD 0.7102 0.7104 2.4 -1.77 -2.71 USD
USD/CAD 1.3166 1.3168 1.7 -2.4 -2.45 CAD
USD/CHF 1.01130 1.0114 1.7 -1.96 -2.64 CHF
USD/JPY 114.12 114.13 1.2 -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)