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 0.9839 0.9840 1.7 0.1 -2.81 CAD
AUD/CHF 0.7556 0.7558 2.2 0.23 -2.8 CHF
AUD/JPY 85.3400 85.3590 1.9 0.12 -2.75 JPY
AUD/NZD 1.0530 1.05330 2.6 -2.66 -2.02 NZD
AUD/USD 0.7476 0.7477 0.8 -2.05 -2.45 USD
CAD/CHF 0.7679 0.7681 2.3 -1.98 -2.52 CHF
CAD/JPY 86.7310 86.7480 1.7 0.02 -2.45 JPY
CHF/JPY 112.91 112.94 2.8 -2.54 -2.23 JPY
EUR/AUD 1.4182 1.4185 2.9 -3.57 0.55 AUD
EUR/CAD 1.3955 1.3957 2.2 -2.84 -2.13 CAD
EUR/CHF 1.0719 1.07210 1.4 -2.22 -2.48 CHF
EUR/GBP 0.8799 0.8801 1.8 -2.54 -2.09 GBP
EUR/JPY 121.04 121.06 2.2 -2.45 -2.38 JPY
EUR/NZD 1.4935 1.4940 4.9 -3.85 0.69 NZD
EUR/USD 1.06050 1.0605 0.9 -2.66 -2.03 SUD
GBP/AUD 1.61150 1.6119 4.2 -3.3 0 AUD
GBP/CAD 1.5857 1.5860 2.8 -2.6 -2.65 CAD
GBP/CHF 1.2178 1.2182 3.9 0 -2.95 CHF
GBP/JPY 137.54 137.57 3.2 -2.22 -2.84 JPY
GBP/USD 1.2049 1.2051 2.4 -2.57 -2.32 USD
NZD/JPY 81.0280 81.0490 2.1 -1.67 -2.87 JPY
NZD/USD 0.7098 0.71000 1.4 -1.77 -2.71 USD
USD/CAD 1.3159 1.3160 1.3 -2.4 -2.45 CAD
USD/CHF 1.0107 1.0109 1.9 -1.96 -2.64 CHF
USD/JPY 114.140 114.15 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)