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 1.0200 1.0201 1.0 0.1 -2.81 CAD
AUD/CHF 0.7597 0.7598 0.9 0.23 -2.8 CHF
AUD/JPY 85.2440 85.2500 0.6 0.12 -2.75 JPY
AUD/NZD 1.08720 1.0873 1.3 -2.66 -2.02 NZD
AUD/USD 0.7655 0.76560 0.3 -2.05 -2.45 USD
CAD/CHF 0.7448 0.7449 0.8 -1.98 -2.52 CHF
CAD/JPY 83.5640 83.5720 0.8 0.02 -2.45 JPY
CHF/JPY 112.18 112.19 1.0 -2.54 -2.23 JPY
EUR/AUD 1.4093 1.4093 0.6 -3.57 0.55 AUD
EUR/CAD 1.4376 1.4377 1.1 -2.84 -2.13 CAD
EUR/CHF 1.0708 1.0708 0.5 -2.22 -2.48 CHF
EUR/GBP 0.8643 0.8644 0.9 -2.54 -2.09 GBP
EUR/JPY 120.13 120.14 0.8 -2.45 -2.38 JPY
EUR/NZD 1.5321 1.5325 4.2 -3.85 0.69 NZD
EUR/USD 1.0789 1.0789 0.3 -2.66 -2.03 SUD
GBP/AUD 1.6303 1.6305 1.8 -3.3 0 AUD
GBP/CAD 1.6630 1.6632 2.1 -2.6 -2.65 CAD
GBP/CHF 1.2387 1.2389 1.5 0 -2.95 CHF
GBP/JPY 138.98 138.99 0.8 -2.22 -2.84 JPY
GBP/USD 1.2481 1.2482 1.3 -2.57 -2.32 USD
NZD/JPY 78.3990 78.4090 1.0 -1.67 -2.87 JPY
NZD/USD 0.7040 0.7041 0.7 -1.77 -2.71 USD
USD/CAD 1.3324 1.3325 0.7 -2.4 -2.45 CAD
USD/CHF 0.9924 0.9925 0.5 -1.96 -2.64 CHF
USD/JPY 111.34 111.35 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)