Swap charges in Exness are one of the fees that many traders are concerned about when trading. To get more detailed information, please join EX Trading by following the article below to discover the definitions and tips for calculating the most accurate overnight fees.
What is the Swap charges in Exness definition?
Exness overnight fee, also known as Swap. This is the interest a trader pays or receives on each trade held overnight. In other words, overnight is the fee you pay to hold a trading position from the previous day to the next day’s trading session.
Swap occurs due to the interest rate difference between the two currencies of the currency pair you are trading. For example, the EUR/USD currency pair often has different interest rates for the two currencies.
There are two types of swap charges in Exness :
- Overnight fee for selling
- Overnight purchase fee
Due to the difference in interest rates between currencies, there are two situations: when you have to Exness deposit to the bank for the swap and when you receive a positive swap. If the daily interest rate is positive, it means the amount has been credited to your account. Conversely, a negative daily interest rate means that a swap has been charged to your order.
Swap charges in Exness time:
Exness swaps are settled at 22:00 GMT+ every day except weekends until the order is completed. Nightly load times for Exness exchanges are:
Please note that swaps are calculated daily except on weekends when there is no trading activity. Therefore, when trading forex pairs, Exness overnight fees are charged three times on Wednesday to cover weekend costs.
Additionally, the energy pool’s overnight rates will be charged three times on Friday.
How to view Swap charges in Exness :
To easily manage your capital, you need to understand the overnight fee formula. However, after you participate in trading on Exness, the exchange will automatically charge fees. A swap fee is included, so you don’t have to use formulas in your head. If you trade using a MetaTrader 4 terminal. You can always view swaps in just a few taps once you have opened an account at Exness.
- Step 1: Log in to your MT4 trading account: Exness.com.
- Step 2: Right-click on a currency pair in the ‘Trading’ section and select ‘Specifications’.
A dialog box will appear next.
- Swap Long: Overnight fee for buy order.
- Swap Short: Overnight commission for sell orders.
This fee must be included in the formula. After placing an order, you can view the overnight commission between “Commission” and “Profit” in the “Trade” interface on the right corner of the screen. And this feature is not available in MetaTrader5.
Instructions for calculating Exness overnight fees:
When investors want to learn more about overnight fees on Exness. Not only are they interested in properties, but they often want to understand how they are calculated. Because the overnight fee on the Exness exchange is one of the factors affecting transaction costs. Based on these factors, we can devise a suitable ordering strategy that is carefully calculated to ensure budget availability.
So how to properly calculate overnight fees for trading orders is a question that many investors are interested in. Below are some specific formulas and examples to help you better understand how to calculate accurately:
How to manually calculate overnight fees on Exness:
Swap charges in Exness are calculated according to the following formula:
Number of Lots x Contract Size x Basis Point Size x Buy Swap or Sell Swap x Number of Days
In there:
- Lot number: The specific trading volume will be displayed. For example, when viewing a trade order, it shows 1 lot of EUR/USD million.
- Contract size: The current standard regulation is 100,000 units of base currency for forex trading.
- For Forex, the required base point size is 0.0001.
- Overnight fee: Fee set by the exchange for each currency pair, including buying and selling.
- Number of days: Number of days the trader will hold the position.
Note: Trading days here are calculated as follows:
Overnight orders on the Exness exchange are used to hold positions. For example, Tuesday through Thursday nights at 11:00 p.m. Thus: Tuesday at 10:00 a.m. – 1 time + Wednesday at 10:00 p.m. – 3 times *** + Thursday at 10:00 p.m. – 1 time => 2 days
For example, when trading, place an order to buy 1 lot EURUSDm at 15:00 server time on Tuesday and close the order at 23:00 on Thursday.
Overnight fees are calculated as follows: Overnight fees = 1 x 100,000 x 0.0001 x (-0.86852) x 5 = -43.42 USD
See more: Open Exness Account: Latest guide for new traders
Calculate Exness overnight fees using the trader’s calculator:
Exness provides you with a calculator to help you calculate the fastest and most accurate overnight trades. So you don’t have to spend a lot of time calculating the overnight rate manually.
Exness’s calculator allows you to quickly calculate commissions. Such as quarter signs, profit points, overnight buy transactions, overnight sell transactions…
If you open multiple orders at the same time. The calculator will help you calculate the numbers carefully. Just enter the required information and click “Calculate”.
Some information about Swap charges in Exness that investors should know:
How to take advantage of Exness Swap fees?
Exness has several currency pairs with very high negative (-) or positive (+) swap fees. This can be a great opportunity or challenge if traders do not calculate carefully.
To use Exness Swap effectively, you need to check each currency pair to determine which pair has a night trading fee. Specifically, overnight fees are calculated three times every Wednesday. So if you can capture this moment, your account can increase significantly.
However, to achieve the most effective trading strategy, you should pay attention to trading sessions, avoiding times with the largest spreads. Note: Your order will be held overnight. So remember to “loosen” the Stop Loss button a bit to avoid closing the order too early.
Which accounts do not apply Exness overnight fees?
For citizens of Muslim countries, Exness will not charge swap fees. Through account registration, Exness’s system will automatically record overnight fees.
However, if Exness discovers wrongdoing in this matter, Exness reserves the right to:
- Free status cancellation overnight for all accounts.
- Overnight fees apply to opened accounts and open positions.
See more: Exness Bonus Program: Profitable Opportunities for Trader
For which trading products does Swap charges in Exness?
Exness trading platform allows you to trade for free including cryptocurrencies, stocks, indices…
The common point of these items is that it takes a long time to create price fluctuations. Free swap with the above products is a great incentive that Exness offers to its customers.
Above is all the relevant information about Swap charges in Exness . Hope this has helped readers gain more useful information. In addition, readers should learn about the backcom Exness so as not to miss any trading opportunities!
FAQ
What are swap charges in Exness?
Swap charges (also known as rollover or overnight fees) are an interest rate differential applied to trading positions held open past a certain time, typically 00:00 server time, reflecting the cost of holding an asset overnight.
When and how are swap charges applied to my Exness trades?
Swap charges are automatically applied to your account’s balance once every 24 hours for positions held overnight. On Wednesdays, the swap charge for most instruments is typically tripled to account for the weekend.
Can I avoid paying swap charges on Exness?
Yes, Exness offers swap-free accounts for certain regions or religious beliefs, which means no swap charges are applied. Alternatively, you can avoid them by closing your trades before the market’s daily rollover time.
