6 minute read
What Is Swap in Exness? A Clear and Complete Explanation
from Exness
by Exness Blog
If you are trading with Exness or planning to start, one term you will come across very often is “swap.” So, what exactly is swap in Exness, and how does it impact your trading performance and profits? Let’s get straight to the point: Swap in Exness refers to the interest you either earn or pay when you keep a trading position open overnight. It is also called overnight fee or rollover fee. Whether you are charged or credited a swap depends on the direction of your trade (buy or sell) and the instruments you are trading.
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Now, let’s explore everything you need to know about swap in Exness—how it works, how to calculate it, when it is charged, and how to avoid it.
How Swap Works in Exness
Exness, like other brokers, offers leverage trading, which means you are essentially borrowing money to open larger positions. When you hold a position overnight, you are either paying or receiving interest on the borrowed amount depending on the interest rate differential between the two currencies involved.
Here’s a quick example: if you're trading a currency pair like EUR/USD, and the interest rate of the currency you’re buying is higher than the one you're selling, you may earn swap. Otherwise, you will likely pay it.
The same principle applies to other assets too—like gold, indices, oil, or cryptocurrencies—but with different calculations based on the underlying market.
In short:
Buy (long) position: May earn or pay swap depending on instrument.
Sell (short) position: May also earn or pay swap depending on instrument.
When Is Swap Charged in Exness?
Swap is charged at midnight server time (22:00 GMT) for any position that remains open.
However, there’s a catch: Wednesday night carries triple swap charges for most forex pairs. This is because the forex market settles trades in two business days. So, if you hold a position open on Wednesday night, it covers the settlement for the weekend as well, when markets are closed.
So, remember:
Swap is applied daily from Monday to Friday.
Triple swap applies on Wednesday night (for most forex instruments).
For cryptocurrencies, triple swap may be charged on Friday night.
How to Check Swap Fees in Exness
Exness makes it very easy for traders to view swap rates for each instrument. You can do this in several ways:
Via the Exness website (Specifications section):
Simply go to the Exness website, find the instrument you want to trade, and click on "Specifications." You’ll see the swap long and swap short rates clearly displayed.
On MetaTrader 4 or MetaTrader 5:
Right-click on a symbol in the Market Watch window.
Select “Specifications.”
You will find the swap long and swap short values listed.
These values are usually expressed in points or USD, depending on the account type.
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How Is Swap Calculated in Exness?
Swap calculation can vary depending on your account type (Standard, Raw Spread, Zero, or Pro) and the asset class. But here’s a general idea:
Swap = (Lot size × Contract size × Swap rate × Number of nights) / 10
Let’s say you are holding 1 lot of EUR/USD in a Standard account, and the swap short rate is -2.5. If you hold the position for 1 night, your swap fee will be:
(1 × 100,000 × -2.5 × 1) / 10 = -$25
This means $25 will be deducted from your account as a swap fee for holding that position overnight.
For cryptocurrencies, the swap is usually calculated differently—as a percentage of the position value instead of a fixed rate.
Example: 0.0139% per day × value of open position
Exness is transparent about these fees and updates them regularly based on market conditions.
Swap-Free Accounts: An Option for Muslim Traders
Exness understands the needs of Muslim traders who follow Islamic finance principles, which prohibit earning or paying interest. That’s why the broker offers swap-free accounts for clients in eligible countries.
Here’s what you should know:
Swap-free accounts do not incur overnight charges on most instruments.
However, Exness may apply a fixed commission after a certain period (usually after 7 days) for specific instruments.
You can apply for swap-free status from your Personal Area once your profile is verified.
If you're eligible, Exness will automatically assign the swap-free status to your account depending on your region.
Which Instruments Have Swap Fees in Exness?
Almost all tradable instruments in Exness come with swap charges unless you're using a swap-free account. Here’s a quick rundown:
Forex: Yes, swaps apply to both long and short positions.
Metals (Gold, Silver, etc.): Swaps apply.
Indices: Yes, charged as swap.
Commodities (Oil, Natural Gas): Swap fees are applied.
Cryptocurrencies: Yes, but calculated as a percentage of position size.
Stocks: Swap fees apply based on the overnight rate.
Each instrument has its own swap rate, and it may change depending on market volatility or liquidity conditions. It's always a good idea to check the specifications on Exness before placing long-term trades.
Why Is Understanding Swap Important?
Ignoring swap fees can eat into your profits, especially if you are a swing trader or position trader who holds positions for several days or weeks.
Here’s why understanding swap is crucial:
It affects your profit/loss even when the market doesn’t move.
It can accumulate significantly over time.
For some trades, the swap can even be positive, meaning you earn money.
It helps you design better risk-reward strategies.
For example, if you're trading a currency pair that gives you positive swap, and you’re confident in the trend, it might be more profitable to hold that position longer.
On the other hand, if you're trading a pair with a high negative swap, holding for many nights can reduce or even reverse your profits.
How to Minimize or Avoid Swap Charges
If you want to avoid or reduce swap costs while trading with Exness, consider these tips:
Close positions before 22:00 GMT:
If you're a day trader, make sure you close trades before swap is applied.
Trade swap-friendly instruments:
Look for instruments with low or even positive swap rates.
Use a swap-free account:
If you’re eligible, this is a great option to eliminate swap fees.
Avoid holding trades over Wednesdays or weekends:
Especially if you’re trading forex, triple swap on Wednesdays can be a heavy charge.
Check swap rates before entering trades:
Use the Exness website or MetaTrader platforms to see updated swap information.
Final Thoughts
So, what is swap in Exness? It’s simply an overnight interest fee that can either be positive (you earn) or negative (you pay) when you keep positions open past midnight GMT. It depends on what you're trading, the direction of your trade, and how long you keep it open.
Swap might seem like a small detail, but over time, it can have a big impact on your trading results. Whether you’re a short-term or long-term trader, understanding how swap works—and using it to your advantage—can help you trade smarter and keep more profits in your pocket.
Exness provides full transparency, customizable options like swap-free accounts, and clear swap rate information for each instrument. Make use of these tools, and you’ll have more control over your trading costs.
Happy trading—and don’t let swap fees catch you off guard!
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