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 1.0140 1.0141 1.0 0.1 -2.81 CAD
AUD/CHF 0.7713 0.7714 0.9 0.23 -2.8 CHF
AUD/JPY 86.0760 86.0840 0.8 0.12 -2.75 JPY
AUD/NZD 1.0654 1.0654 0.8 -2.66 -2.02 NZD
AUD/USD 0.7674 0.76750 0.5 -2.05 -2.45 USD
CAD/CHF 0.7605 0.7606 0.9 -1.98 -2.52 CHF
CAD/JPY 84.8780 84.8880 1.0 0.02 -2.45 JPY
CHF/JPY 111.58 111.59 1.2 -2.54 -2.23 JPY
EUR/AUD 1.3808 1.3809 1.6 -3.57 0.55 AUD
EUR/CAD 1.40030 1.4004 1.9 -2.84 -2.13 CAD
EUR/CHF 1.0651 1.0652 1.0 -2.22 -2.48 CHF
EUR/GBP 0.8524 0.8524 0.7 -2.54 -2.09 GBP
EUR/JPY 118.86 118.87 0.9 -2.45 -2.38 JPY
EUR/NZD 1.47100 1.4714 4.8 -3.85 0.69 NZD
EUR/USD 1.0598 1.0598 0.4 -2.66 -2.03 SUD
GBP/AUD 1.6198 1.6200 1.5 -3.3 0 AUD
GBP/CAD 1.64270 1.6428 1.9 -2.6 -2.65 CAD
GBP/CHF 1.2495 1.2496 1.3 0 -2.95 CHF
GBP/JPY 139.42 139.46 3.6 -2.22 -2.84 JPY
GBP/USD 1.2432 1.2433 1.0 -2.57 -2.32 USD
NZD/JPY 80.7880 80.7980 1.0 -1.67 -2.87 JPY
NZD/USD 0.72030 0.7203 0.6 -1.77 -2.71 USD
USD/CAD 1.3213 1.3213 0.6 -2.4 -2.45 CAD
USD/CHF 1.0050 1.0051 0.5 -1.96 -2.64 CHF
USD/JPY 112.15 112.16 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)