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 1.0041 1.0042 1.5 0.1 -2.81 CAD
AUD/CHF 0.7570 0.7571 1.4 0.23 -2.8 CHF
AUD/JPY 85.6630 85.6770 1.4 0.12 -2.75 JPY
AUD/NZD 1.0479 1.0481 1.8 -2.66 -2.02 NZD
AUD/USD 0.7593 0.7594 0.8 -2.05 -2.45 USD
CAD/CHF 0.7539 0.7540 1.2 -1.98 -2.52 CHF
CAD/JPY 85.3100 85.3190 0.9 0.02 -2.45 JPY
CHF/JPY 113.14 113.16 1.5 -2.54 -2.23 JPY
EUR/AUD 1.4166 1.4168 1.9 -3.57 0.55 AUD
EUR/CAD 1.42260 1.4227 1.5 -2.84 -2.13 CAD
EUR/CHF 1.0726 1.0727 0.9 -2.22 -2.48 CHF
EUR/GBP 0.8585 0.8586 1.0 -2.54 -2.09 GBP
EUR/JPY 121.37 121.38 0.6 -2.45 -2.38 JPY
EUR/NZD 1.48450 1.48490 4.0 -3.85 0.69 NZD
EUR/USD 1.0758 1.0758 0.6 -2.66 -2.03 SUD
GBP/AUD 1.6499 1.6502 2.7 -3.3 0 AUD
GBP/CAD 1.6569 1.6571 2.2 -2.6 -2.65 CAD
GBP/CHF 1.2492 1.2494 2.1 0 -2.95 CHF
GBP/JPY 141.34 141.37 3.0 -2.22 -2.84 JPY
GBP/USD 1.2529 1.2531 1.7 -2.57 -2.32 USD
NZD/JPY 81.7430 81.7550 1.2 -1.67 -2.87 JPY
NZD/USD 0.7245 0.7246 1.0 -1.77 -2.71 USD
USD/CAD 1.3223 1.3224 0.9 -2.4 -2.45 CAD
USD/CHF 0.9969 0.99710 1.1 -1.96 -2.64 CHF
USD/JPY 112.81 112.81 0.6 -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)