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What is swap in EXNESS? What do swaps mean in forex?
If you’re trading forex with EXNESS, you’ve probably come across the term “swap” or “overnight fee.” Many beginners find swaps confusing, but understanding them is crucial for managing your costs and improving your trading strategy.
In this article, we’ll explain what swap is in EXNESS, how swaps work in forex trading, provide clear examples, and show you how to calculate or avoid them.
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What is Swap in Forex Trading?
In forex, a swap (also known as rollover interest) is the fee or interest you pay (or sometimes earn) when holding a position overnight.
This fee comes from the difference in interest rates (swap rates) between the two currencies in a pair.
If you buy a currency with a higher interest rate and sell one with a lower rate, you may earn a positive swap.
If you hold a currency with a lower rate against a higher one, you’ll likely pay a swap fee.
How to get demo account on Exness?
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How Does Swap Work in EXNESS?
EXNESS applies swaps whenever you hold a position past the daily market close (usually 5 PM New York time / 00:00 server time).
Key Points:
Swaps are charged daily, except on Wednesday nights, when a triple swap is applied to account for the weekend.
Swaps vary depending on the currency pair, direction of trade (buy/sell), and account type.
You can view swap rates directly in the MetaTrader (MT4/MT5) platform by right-clicking the instrument → Specifications.
👉 Check out EXNESS swap-friendly accounts: Sign-up Here
Example of Swap in EXNESS
Let’s say you open a buy position (long) of 1 lot EUR/USD on EXNESS and hold it overnight.
Interest rate for EUR = 4.5%
Interest rate for USD = 5.5%
Difference = -1% (since USD has a higher rate)
This means you’ll pay a swap fee, calculated based on the lot size and the swap points set by EXNESS.
For a 1 lot EUR/USD position, you might see:
Swap long = -$6.50 per night
Swap short = +$2.20 per night
So if you held the long position for 3 nights, you’d pay around $19.50 in swaps.
Swap-Free (Islamic) Accounts in EXNESS
For traders who cannot pay or receive interest due to Shariah law, EXNESS offers swap-free (Islamic) accounts.
No swaps on forex and metals.
Small flat commission may apply instead of swaps.
Available upon request after account verification.
👉 Learn more & open an Islamic account: EXNESS Home
Advantages & Disadvantages of Swaps in Forex
✅ Advantages:
Reflects real-world interest rate differences.
Can provide positive swaps (traders can earn from holding).
Encourages careful trade planning and timing.
❌ Disadvantages:
Increases cost of trading for long-term positions.
Triple swaps on Wednesday can be expensive.
Harder for swing/position traders if swap fees are high.
Tips for Managing Swaps in EXNESS
Check swap rates in MT4/MT5 before entering a trade.
Avoid holding trades overnight if swap fees are large.
Consider day trading or scalping strategies to skip swap charges.
Use swap-free accounts if you qualify.
Trade pairs with positive swap to potentially earn instead of paying.
Conclusion
A swap in EXNESS is simply the overnight fee (or income) charged when holding trades past midnight. While small per day, swaps can add up over time and impact your profitability.
For beginners, it’s essential to check swap rates and consider whether your strategy fits better with short-term trades, or whether a swap-free account might be a smarter choice.
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FAQs – Swap in EXNESS
1. What does swap mean in EXNESS?It’s the overnight fee or interest applied when holding a position past market close.
2. How is swap calculated on EXNESS?It depends on the interest rate difference, position size, currency pair, and whether you’re buying or selling.
3. Why does EXNESS charge triple swaps on Wednesday?To cover weekend rollover (Saturday and Sunday).
4. Can I avoid paying swaps on EXNESS?Yes, by closing trades before rollover or applying for a swap-free account.
5. Does EXNESS have swap-free accounts?Yes, swap-free (Islamic) accounts are available for eligible traders.
6. Can I earn swaps instead of paying?Yes, if you hold a currency with a higher interest rate against a lower one, you may earn positive swap.
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