Overnight fees are a crucial factor that every trader must consider when holding positions for more than a day. These fees directly impact your potential profit or loss on each transaction. One of the most competitive features of this broker is the Exness overnight charges policy. Join EX Trading to dive deep into the concept of Swap fees, how they are calculated, and how you can even profit from them.
What are Exness Overnight Charges (Swap)?
In simple terms, Exness overnight charges (also known as Swap) are the interest fees that you either pay or receive for holding a trading position open overnight (after the market roll-over time). This fee is determined based on the interest rate differential between the two currencies in the pair you are trading (e.g., EUR/USD, GBP/USD).
Does Exness Charge Overnight Fees?
The short answer is: It depends. While most brokers charge Swap fees universally, Exness stands out with its Extended Swap-free program.
Originally designed for Muslim traders under Islamic (Sharia) law, Exness has expanded this benefit. Now, traders from many regions (including non-Muslim countries) can enjoy Swap-free status on major currency pairs, gold (XAU/USD), stocks, indices, and cryptocurrencies, provided they maintain a certain trading activity level.
This is a massive advantage for long-term traders, as holding positions in Gold or Crypto overnight incurs zero cost with the Swap-free status.
See more: What is Exness: Overview Review of Platform for Newbies
Types of Overnight Charges
When trading instruments that are not Swap-free, there are two scenarios:
- Swap Long (Buy): The fee applied when keeping a Buy position open overnight.
- Swap Short (Sell): The fee applied when keeping a Sell position open overnight.
Depending on the interest rates of the currencies involved:
- Positive Swap: You receive money. Exness adds the interest to your account balance.
- Negative Swap: You pay money. Exness deducts the fee from your account balance.
When are Exness Overnight Charges Applied?
Swap is charged daily at 21:00 GMT+0 (or 22:00 GMT+0 during summer time). A special “Triple Swap” is applied on Wednesdays to account for the weekend.
| Day of the Week | Charge Time (GMT+0) | Multiplier |
| Monday | 21:00 / 22:00 | 1x (Standard) |
| Tuesday | 21:00 / 22:00 | 1x (Standard) |
| Wednesday | 21:00 / 22:00 | 3x (Triple Swap) |
| Thursday | 21:00 / 22:00 | 1x (Standard) |
| Friday | 21:00 / 22:00 | 1x (Standard) |
Note: For Energy commodities (Oil), the triple swap is charged on Friday instead of Wednesday.
How to Check Swap Fees on MT4
You can check the exact swap rates for any instrument directly on the MetaTrader 4 (MT4) platform. Follow these steps:
- Step 1: Log in to your Exness MT4 account.
- Step 2: Right-click on any currency pair in the “Market Watch” window.
- Step 3: Select “Specification” from the dropdown menu.
A window will pop up showing Swap Long and Swap Short values. This transparency helps you calculate potential costs before entering a trade.
See more: Create Exness Account: Instructions for on your phone
How to Calculate Exness Overnight Charges
While Exness provides an automatic Trader's Calculator, understanding the manual formula is beneficial.
The Formula
Swap = Lots × Contract Size × Point Size × Swap Rate (Long/Short)
- Lots: The volume of your trade.
- Contract Size: Standard is 100,000 units for Forex.
- Point Size: Usually 0.0001 for major pairs (or 0.01 for JPY pairs).
- Swap Rate: The value you found in the MT4 Specification window.
Carry Trade Strategy: Making Money from Swap
Did you know you can profit from Exness overnight charges? This is called “Carry Trade”.
By buying a currency with a high-interest rate against a currency with a low-interest rate, you can earn a Positive Swap every night. For example, if you Buy a pair with a high positive swap on a Wednesday (Triple Swap day), your account balance increases significantly just by holding the position.
In conclusion, understanding Exness overnight charges allows you to optimize your trading costs and even find new profit opportunities. Remember to check the Exness holidays schedule as well, as market closures can affect swap rates.
FAQ
What are Exness overnight charges?
Exness overnight charges (Swap) are fees paid or received for holding a position open overnight. The rate depends on the interest rate difference between the two currencies.
When is the Triple Swap charged?
For most currency pairs and metals, Triple Swap is charged on Wednesday night to account for the weekend. For Energies, it is charged on Friday.
How can I avoid Swap fees on Exness?
You can avoid swap fees by closing your positions before the daily rollover time (21:00/22:00 GMT+0). Alternatively, achieve “Swap-free” status on Exness by trading regularly, which eliminates swaps for XAU/USD, Indices, and major pairs.
