Overnight fees are one of the factors that traders are concerned about when participating in Forex trading platforms. Because it partly determines the profit of each transaction. One of the most prominent services is the Exness overnight charges exchange. Join EX Trading to learn more about the concept of overnight fees and how to calculate them most accurately in the article below.
What are Exness overnight charges?
In the simplest terms, the overnight fee (also known as Swap) is a fee that you need to pay to hold a trading position overnight. Or it could be the interest rate you can get when investing in the right currency when its interest rate is higher than the currency you are borrowing from. The overnight fee is calculated based on the interest rate factors of the two cash flows in the currency pair you want to trade. For example, pairs: EUR/USD, USD/CAD, USD/JPY…
Is Exness overnight charged?
A question that receives the most attention from traders. That is: “Exness overnight charges ?”
To attract more traders, Exness’s answer will certainly be: “YES“. However, the service only applies to Muslim customers. Because under Islamic law it is forbidden to collect interest and overnight transaction fees. So Exness has introduced a free overnight policy for these target groups.
Furthermore, Exness will use a censorship system based on information such as Passport, and phone number… to identify identity accounts. So no one can take advantage of preferential policies for personal gain. In addition, Exness waives overnight fees for trading types in Stocks, cryptocurrencies, and gold. That is one of the big advantages that makes Exness receive more attention.
See more: What is Exness: Overview Review of Platform for Newbies
What types of Exness overnight charges have?
At Exness there are 2 types of overnight fees:
- Overnight purchase fee
- Overnight fee for selling
Here there will be two cases when you participate in overnight trading at Exness (Due to the interest rate difference between the two currencies).
- Case 1: You can receive interest if the interest rate is positive. The profit amount will be automatically added to your account by Exness.
- Case 2: Conversely, if the overnight interest rate is negative, you will have to pay a fee to the bank. This means your account has been set up to deduct overnight fees.
Overnight fees at Exness
Depending on the time, overnight fees at Exness will be calculated differently. Below is Exness’s specific fee calculation table:
| Operation day | Applicable hours | Overnight fee rate |
| Monday | 22:00 GMT +0 | According to standards |
| Tuesday | 22:00 GMT +0 | According to standards |
| Wednesday | 22:00 GMT +0 | Triple |
| Thursday | 22:00 GMT +0 | According to standards |
| Friday | 22:00 GMT +0 | According to standards |
| Saturday | Do not apply | Do not apply |
| Sunday | Do not apply | Do not apply |
Saturday and Sunday are two days when trading services do not operate, so Exness waives overnight fees on weekends. Therefore, the Swap will be calculated 3 times on Wednesday to cover the costs incurred during the two days off.
Note: Exness will charge 3 times the overnight fee if you trade energy groups on Friday.
How to view overnight fees on MT4 at Exness
To be able to manage and control personal finances, you need to know how to view overnight fees on MetaTrader 4 at Exness. Below, EX Trading will guide you through 4 simple steps to help you view overnight fees most easily.
- Step 1: Log in
First, you need to log in to your Exness account into the MT4 system to trade.
- Step 2: Access the “Trading” section (Trade)
In the Trade section, right-click on “Currency Pairs” then click on “Specification“.
- Step 3: Apply
After completing step 3, the interface will automatically display a dialog box including:
- Swap short: Overnight fee for SELL orders.
- Swap long: Overnight fee for BUY orders.
- Step 4: View data
Open the “Transaction Fees” section, located in the right corner of the screen, between the “Commission” and “Profit” sections, you will see the overnight fee data. So you can easily see the overnight fee at Exness without spending too much time and effort calculating.
Note: The feature to view overnight fees at Exness does not apply to the MT5 trading system.
See more: Create Exness Account: Instructions for on your phone
How to calculate Exness overnight charges
Exness overnight charges for certain subjects and special transaction types. In addition, it also provides users with an automatic billing system. Exness will optimize all data and provide the most accurate fee calculation results for traders. However, it does not apply to MT5 transactions. Therefore, traders should still have a clear understanding of fee calculation methods to build strategies to ensure the most effectiveness.
Below are 2 simple and accurate ways to calculate overnight fees at Exness that EX Trading has compiled for you.
1. Calculate overnight fees using a manual formula
Applying formula:
| Overnight Fee = Number of Lots x Contract Volume x Basis Points x Buy (or Sell) Overnight Fee x Number of Days |
In there:
- Lot: The amount of currency you trade on the Exness forex exchange. In particular, the higher the number of lots, the higher the fee.
- Volume: 100,000 (Unit of base currency)
- Base point: For foreign exchange trading on Exness, the base point is 0.0001
- Overnight fees for buy or sell orders: Calculated based on the active day and the currency pair you trade.
- Number of days: Total number of days that traders have held buy or sell orders.
2. Calculate overnight fees using the Exness calculator tool
To make it easier for customers to charge overnight fees. Exness has provided a fee calculation system using computer tools. Traders only need to enter some basic data such as Trading currency pairs, and volume… After a few seconds, the Exness tool will quickly provide the most accurate results. That helps traders save more time and be able to come up with the most correct strategy.
How to make money from Exness overnight charges
You always have to know how to seize the opportunity to make money from it. So how can you make money from overnight fee transactions at Exness?
First, you have to find a currency pair with a differential yield, for example, EUR/JPY, EUR/CHF, EUR/ZAR… Because it has a quite high Swap fee, up to hundreds of USD for several Lots. So you need to carefully check each currency pair to get the best profits.
Especially on Wednesdays, overnight fees will be tripled. If the Swap is positive, you will definitely receive significantly more money.
So in the above article, EX Trading has compiled all the information about Exness overnight charges. Hopefully, that information will be useful to readers and help you gain more profits from Exness. Besides, to be able to better grasp investment opportunities, you should know more about Exness holidays. In the next topic, we will share about this issue, if you are interested, remember to follow!
FAQ
What are Exness overnight charges (swap fees)?
Exness overnight charges, also known as swap or rollover fees, are interest paid or received on positions held open overnight (after the market closes at 17:00 New York time).
How are Exness overnight charges calculated and applied?
Swap fees are calculated based on the instrument, the trade’s direction (buy/sell), its volume, and the interest rate differentials between the currencies or assets involved, typically applied once per day.
Can I avoid paying Exness overnight charges?
Yes, Exness offers swap-free accounts (often for specific religious beliefs) on certain instruments, or you can avoid them by closing your trades before the market’s daily rollover time.
