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 1.0008 1.0009 1.1 0.1 -2.81 CAD
AUD/CHF 0.7253 0.7254 0.9 0.23 -2.8 CHF
AUD/JPY 82.7660 82.7700 0.4 0.12 -2.75 JPY
AUD/NZD 1.0556 1.0558 1.7 -2.66 -2.02 NZD
AUD/USD 0.74390 0.7439 0.6 -2.05 -2.45 USD
CAD/CHF 0.72470 0.7247 0.9 -1.98 -2.52 CHF
CAD/JPY 82.6880 82.6970 0.9 0.02 -2.45 JPY
CHF/JPY 114.08 114.11 2.9 -2.54 -2.23 JPY
EUR/AUD 1.5019 1.5019 0.7 -3.57 0.55 AUD
EUR/CAD 1.5032 1.5034 1.4 -2.84 -2.13 CAD
EUR/CHF 1.0894 1.0895 1.0 -2.22 -2.48 CHF
EUR/GBP 0.8720 0.8721 0.9 -2.54 -2.09 GBP
EUR/JPY 124.310 124.320 1.0 -2.45 -2.38 JPY
EUR/NZD 1.5854 1.5858 3.7 -3.85 0.69 NZD
EUR/USD 1.1173 1.1173 0.4 -2.66 -2.03 SUD
GBP/AUD 1.7220 1.7222 1.9 -3.3 0 AUD
GBP/CAD 1.7236 1.7239 2.4 -2.6 -2.65 CAD
GBP/CHF 1.2492 1.24940 1.7 0 -2.95 CHF
GBP/JPY 142.53 142.54 0.6 -2.22 -2.84 JPY
GBP/USD 1.2811 1.2812 1.4 -2.57 -2.32 USD
NZD/JPY 78.3940 78.4000 0.6 -1.67 -2.87 JPY
NZD/USD 0.70460 0.7046 0.9 -1.77 -2.71 USD
USD/CAD 1.3454 1.3455 1.0 -2.4 -2.45 CAD
USD/CHF 0.9750 0.9751 0.8 -1.96 -2.64 CHF
USD/JPY 111.25 111.25 0.3 -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)