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 1.0135 1.0142 7.3 0.1 -2.81 CAD
AUD/CHF 0.7777 0.77860 8.6 0.23 -2.8 CHF
AUD/JPY 87.2450 87.2980 5.3 0.12 -2.75 JPY
AUD/NZD 1.0707 1.0718 11.0 -2.66 -2.02 NZD
AUD/USD 0.7700 0.77040 3.8 -2.05 -2.45 USD
CAD/CHF 0.7671 0.7678 6.9 -1.98 -2.52 CHF
CAD/JPY 86.0590 86.0930 3.4 0.02 -2.45 JPY
CHF/JPY 112.10 112.19 8.7 -2.54 -2.23 JPY
EUR/AUD 1.3702 1.3713 10.8 -3.57 0.55 AUD
EUR/CAD 1.3894 1.3902 8.1 -2.84 -2.13 CAD
EUR/CHF 1.0662 1.0671 8.6 -2.22 -2.48 CHF
EUR/GBP 0.8476 0.8486 10.0 -2.54 -2.09 GBP
EUR/JPY 119.620 119.64 2.1 -2.45 -2.38 JPY
EUR/NZD 1.4678 1.4696 18.5 -3.85 0.69 NZD
EUR/USD 1.0556 1.0559 3.6 -2.66 -2.03 SUD
GBP/AUD 1.61510 1.6175 24.6 -3.3 0 AUD
GBP/CAD 1.6377 1.6398 21.6 -2.6 -2.65 CAD
GBP/CHF 1.2567 1.2588 21.4 0 -2.95 CHF
GBP/JPY 140.97 141.14 17.2 -2.22 -2.84 JPY
GBP/USD 1.2443 1.2454 11.2 -2.57 -2.32 USD
NZD/JPY 81.4080 81.4960 8.8 -1.67 -2.87 JPY
NZD/USD 0.71860 0.7192 6.1 -1.77 -2.71 USD
USD/CAD 1.3162 1.3165 3.5 -2.4 -2.45 CAD
USD/CHF 1.01000 1.0106 6.7 -1.96 -2.64 CHF
USD/JPY 113.300 113.31 1.8 -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)