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 1.00100 1.0011 1.2 0.1 -2.81 CAD
AUD/CHF 0.7254 0.7255 0.8 0.23 -2.8 CHF
AUD/JPY 82.7630 82.7660 0.3 0.12 -2.75 JPY
AUD/NZD 1.0556 1.0557 1.5 -2.66 -2.02 NZD
AUD/USD 0.7438 0.74410 2.3 -2.05 -2.45 USD
CAD/CHF 0.7246 0.7247 0.9 -1.98 -2.52 CHF
CAD/JPY 82.6730 82.6820 0.9 0.02 -2.45 JPY
CHF/JPY 114.07 114.08 1.0 -2.54 -2.23 JPY
EUR/AUD 1.5017 1.5018 0.8 -3.57 0.55 AUD
EUR/CAD 1.5032 1.5034 1.3 -2.84 -2.13 CAD
EUR/CHF 1.0894 1.0895 0.8 -2.22 -2.48 CHF
EUR/GBP 0.8720 0.8721 0.8 -2.54 -2.09 GBP
EUR/JPY 124.28 124.29 0.6 -2.45 -2.38 JPY
EUR/NZD 1.58520 1.5855 3.8 -3.85 0.69 NZD
EUR/USD 1.1172 1.1173 0.4 -2.66 -2.03 SUD
GBP/AUD 1.7219 1.7221 2.0 -3.3 0 AUD
GBP/CAD 1.7237 1.7239 2.2 -2.6 -2.65 CAD
GBP/CHF 1.2492 1.2494 1.7 0 -2.95 CHF
GBP/JPY 142.51 142.52 0.7 -2.22 -2.84 JPY
GBP/USD 1.28110 1.2812 1.5 -2.57 -2.32 USD
NZD/JPY 78.3930 78.3990 0.6 -1.67 -2.87 JPY
NZD/USD 0.7046 0.7047 0.7 -1.77 -2.71 USD
USD/CAD 1.3455 1.3456 0.3 -2.4 -2.45 CAD
USD/CHF 0.9750 0.9751 0.8 -1.96 -2.64 CHF
USD/JPY 111.24 111.24 0.4 -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)