6 minute read
Does Exness Charge Swap Fees? A Clear and Complete Answer
from Exness
by Exness Blog
Yes, Exness does charge swap fees on most trading accounts, but with important exceptions. These fees, also known as overnight or rollover fees, apply when a trader keeps a position open overnight. However, Exness also offers swap-free accounts, particularly for Muslim traders or clients who choose swap-free options for religious or strategic reasons.
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In this article, we’ll break down exactly how swap fees work on Exness, when and why they are charged, who is exempt from them, and how you can avoid or manage them effectively.
What Are Swap Fees?
Swap fees, also known as overnight interest, are the costs or earnings associated with holding a position open overnight. When you trade forex or CFDs, you are essentially borrowing one currency to buy another. This borrowing incurs interest.
· If the interest rate on the currency you buy is higher than the one you sell, you may earn a swap.
· If the interest rate is lower, you will pay a swap.
These fees are automatically calculated and applied at the end of each trading day, usually at 00:00 server time.
On Exness, swap fees are transparent, calculated automatically, and vary depending on the instrument and the position (long or short). You can check the exact swap rates in real-time directly on the Exness platform or app.
Does Exness Always Charge Swap Fees?
No. Exness does not always charge swap fees. Here’s when swap fees are not charged:
1. Swap-Free Accounts: For clients in Islamic countries or those who have enabled swap-free status, Exness does not apply overnight swap charges on most instruments.
2. Grace Period Instruments: Exness has a list of instruments that come with a grace period (no swap for a few days).
3. Short-Term Trading: If you open and close a trade within the same day, no swap fees are applied at all.
Which Accounts on Exness Have Swap Fees?
Swap fees are standard on most Exness account types, including:
· Standard Account
· Standard Cent
· Pro Account
· Raw Spread
· Zero Account
Unless you’ve specifically applied for swap-free status, these accounts will incur swap fees for positions held overnight.
The swap is calculated based on:
· Instrument: Forex, metals, indices, cryptocurrencies, energies, etc.
· Position Type: Long (buy) or short (sell)
· Lot Size
· Day of the Week: Wednesday swaps are often tripled to cover the weekend.
So, if you're trading EUR/USD and hold it overnight, you’ll either pay or earn a small fee based on the current swap rate for that currency pair.
What Is an Exness Swap-Free Account?
A swap-free account is an account where no overnight interest is charged. These accounts are primarily designed for Muslim traders who follow Sharia law, which prohibits earning or paying interest.
However, Exness makes swap-free accounts available to all traders in eligible countries. This includes many regions in Asia, Africa, and the Middle East.
To check if your account is eligible, simply:
1. Log into your Exness Personal Area
2. Click on your account settings
3. See if you have the option to enable “Swap-Free”
If your region qualifies, you’ll see the toggle available. Once enabled, Exness will stop charging or paying overnight swap fees on most instruments.
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Do Swap-Free Accounts Have Any Fees?
Yes, but not always. While swap fees are removed, Exness may apply a fixed administration fee or commission on selected instruments if positions are held for an extended period (typically over 3 days). This is Exness’s way of balancing the no-swap benefit while covering operational costs.
Not all instruments on swap-free accounts incur this admin fee. Many major forex pairs, gold (XAUUSD), and some indices remain completely fee-free even for extended periods.
To avoid surprises, always check the instrument specifications in the Exness platform. They are clearly marked.
Which Instruments on Exness Are Swap-Free?
Here are some examples of instruments that are always swap-free on swap-free accounts:
· Forex majors: EUR/USD, GBP/USD, USD/JPY, etc.
· Metals: XAUUSD (Gold), XAGUSD (Silver)
· Indices: US30, GER40, UK100
· Energies: XTIUSD (Oil), XNGUSD (Gas)
· Crypto: BTC/USD, ETH/USD (varies by region)
However, swap-free status does not apply to all instruments equally. Some exotic pairs or CFDs on stocks may not qualify. Always double-check the “Trading Conditions” section on your platform or app.
How Can I Check Exness Swap Fees?
Exness provides full transparency when it comes to swap fees. You can easily check them using these methods:
1. MetaTrader 4 or 5 (MT4/MT5)
· Open the platform
· Go to Market Watch
· Right-click on the instrument
· Select Specifications
· You’ll see Swap Long and Swap Short values
2. Exness Web Terminal or App
· Log into your account
· Tap the instrument
· View trading conditions and swap values
These figures are updated regularly and vary based on market conditions and liquidity provider rates.
How to Avoid Paying Swap Fees on Exness
If you're actively trading and want to minimize costs, here are ways to avoid or reduce swap fees:
1. Close Positions Before Midnight: No swap is charged if the trade doesn’t cross the daily rollover time.
2. Use a Swap-Free Account: Apply for swap-free status and trade supported instruments.
3. Trade Short-Term Strategies: Scalping and intraday trading avoid holding positions overnight.
4. Check the Swap Calendar: Avoid holding trades through Wednesday night, when swap is tripled.
Are Exness Swap Fees Competitive?
Yes, Exness offers some of the most competitive swap rates in the industry. The broker has a large pool of liquidity providers and advanced risk management tools, which allow it to offer tight spreads and fair swaps.
Compared to other brokers, Exness has:
· Lower swap charges on major forex pairs
· No swap on popular commodities like gold and silver (for swap-free accounts)
· Transparent fee structure, shown in real time
Whether you’re a retail trader or a professional managing larger positions, the cost-efficiency of Exness is one of its strongest advantages.
Summary: Does Exness Charge Swap Fees?
Yes, Exness charges swap fees on most account types when positions are held overnight. However, if you qualify for or activate a swap-free account, many instruments become completely interest-free, especially forex and gold.
If you want to avoid overnight fees:
· Apply for a swap-free account
· Trade only supported instruments
· Close trades before the rollover time
· Monitor the platform for up-to-date swap values
Understanding how swap fees work can significantly improve your cost control and profit margin, especially if you trade long-term. Exness provides a highly flexible environment where you can choose the best option based on your trading style, religion, or strategy.
Final Thought
Swap fees might seem small, but over time, they add up — especially for swing and position traders. The good news is that Exness gives you the tools, flexibility, and transparency to manage or eliminate these fees. Whether you're trading for religious reasons, cost efficiency, or long-term profit, knowing how to navigate swap fees on Exness is essential for smart trading.
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