Trading

Spread and Swap

The difference between bid and ask price is called "spread". Example: EUR/USD is trading at BID price of 1.28007, and ASK price of 1.28021, the difference (1.4 pip) is the spread. Land Prime clients benefit from the highly competitive spreads available in the OTC Market.

Pairs Quotes Swap Point Currency
Long Short
Hot EUR/USD
Bid
1.13093
1.4
Ask
1.13107
 -7.54 0.85 USD
Hot GBP/USD
Bid
1.32982
1.2
Ask
1.32994
 -2.59 -4.09 USD
Hot USD/JPY
Bid
143.826
1.5
Ask
143.841
 11.43 -21.07 JPY
Hot EUR/GBP
Bid
0.85039
1.9
Ask
0.85058
 -6.02 0.93 GBP
Hot XAU/USD
Bid
3227.70
3.2
Ask
3228.02
 -31.71 5.15 USD
Hot BRENT
Bid
60.91
12.8
Ask
61.03
 -25.15 -32.29 USD
Hot US100
Bid
19854
2.7
Ask
19857
 -508.51 161.21

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(21:59 GMT)