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
1.09614
0.0
Ask
1.09614
 -7.54 0.85 USD
Hot GBP/USD
Bid
1.28977
0.0
Ask
1.28977
 -2.59 -4.09 USD
Hot USD/JPY
Bid
146.941
0.0
Ask
146.941
 13.79 -26.81 JPY
Hot EUR/GBP
Bid
0.84936
0.0
Ask
0.84936
 -6.02 0.93 GBP
Hot XAU/USD
Bid
3038.11
0.0
Ask
3038.11
 -31.71 3.15 USD
Hot BRENT
Bid
65.66
0.0
Ask
65.66
 -25.15 -32.29 USD
Hot US100
Bid
17368
0.0
Ask
17368
 -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)