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 1.0091 1.0093 1.4 0.1 -2.81 CAD
AUD/CHF 0.7748 0.7749 1.1 0.23 -2.8 CHF
AUD/JPY 87.2720 87.2810 0.9 0.12 -2.75 JPY
AUD/NZD 1.0718 1.0719 1.3 -2.66 -2.02 NZD
AUD/USD 0.7681 0.7681 0.6 -2.05 -2.45 USD
CAD/CHF 0.7677 0.7678 0.6 -1.98 -2.52 CHF
CAD/JPY 86.4750 86.4810 0.6 0.02 -2.45 JPY
CHF/JPY 112.62 112.63 0.8 -2.54 -2.23 JPY
EUR/AUD 1.37270 1.3728 1.9 -3.57 0.55 AUD
EUR/CAD 1.3854 1.3855 1.2 -2.84 -2.13 CAD
EUR/CHF 1.0637 1.0638 0.9 -2.22 -2.48 CHF
EUR/GBP 0.8454 0.8455 0.7 -2.54 -2.09 GBP
EUR/JPY 119.810 119.81 0.9 -2.45 -2.38 JPY
EUR/NZD 1.4714 1.4718 4.0 -3.85 0.69 NZD
EUR/USD 1.0545 1.0545 0.4 -2.66 -2.03 SUD
GBP/AUD 1.62350 1.6237 2.5 -3.3 0 AUD
GBP/CAD 1.6385 1.6387 1.6 -2.6 -2.65 CAD
GBP/CHF 1.2581 1.2582 1.0 0 -2.95 CHF
GBP/JPY 141.69 141.71 1.5 -2.22 -2.84 JPY
GBP/USD 1.2471 1.2472 0.9 -2.57 -2.32 USD
NZD/JPY 81.4140 81.4230 0.9 -1.67 -2.87 JPY
NZD/USD 0.7165 0.7166 0.8 -1.77 -2.71 USD
USD/CAD 1.3138 1.3138 0.6 -2.4 -2.45 CAD
USD/CHF 1.0087 1.0088 0.5 -1.96 -2.64 CHF
USD/JPY 113.61 113.62 0.5 -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)