In addition to standard costs like the spread and commission, there’s a hidden cost that significantly impacts profits: the swap, also known as the overnight fee. Understanding the Exness swap mechanism is crucial for those trading on Exness, especially if they frequently hold open positions for several days.
What is the swap Exness ? How is it calculated, and how can its cost be minimized? This is undoubtedly a common question among traders using Exness. In this article, EX Trading provides a comprehensive overview of swaps on Exness: from basic concepts and calculation formulas to swap-free accounts and cost optimization strategies tailored to every trading style.
What is an exchange?
A swap is a fee or profit generated by holding an open position overnight. It is calculated based on the interest rate differential between the two currencies in a currency pair, or on a predetermined fee for products such as gold, indices, and cryptocurrencies.
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If you trade in the same direction as the currency with the highest interest rate, you can earn extra money (positive swap).
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Conversely, if the interest rate of the currency you are buying is lower than that of the currency you are selling, you will have to pay a commission (negative swap).
For example:
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Holding a long position in AUD/USD generally has a positive swap because the AUD interest rate is higher than the USD interest rate.
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Holding a long position in EUR/USD is likely to result in a negative swap if USD interest rates are higher than EUR interest rates.
At Exness, swaps are added to or subtracted directly from the account balance at the end of the trading day.
Exchange calculation time in Exness
Exness applies to:
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21:00 GMT+0 (summer) or 22:00 GMT+0 (winter), depending on the market’s trading hours.
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Triple swap: To compensate for the 2 weekend days when the market is closed, Exness charges 3 times on certain days:
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Forex and gold/silver (XAU, XAG): Wednesday
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Stocks and indexes: Friday
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Cryptocurrencies: Wednesday
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This means that if you leave an order open overnight on the days mentioned, the swap will triple. If this isn’t calculated in advance, the cost can quickly deplete your account balance.
Swap calculation mechanism in Exness
The Exness swap is calculated automatically based on the order volume and instrument type. Basic formula:
Therein:
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Lot size: the number of lots you trade (1 standard lot = 100,000 units of the base currency).
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Swap rate: published in MT4/MT5.
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Number of days waiting for the order: number of days the order remains on hold overnight.
Use:
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The long swap applies when a buy order is held.
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The short swap is calculated when a sell order is opened and held.
For detailed information, you can follow these steps:
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In MT4/MT5, you just need to right-click on the currency pair or index, select Specification , and then view the information in the Long Swap and Short Swap lines.
In addition, Exness offers an online swap calculator on its website that helps traders estimate costs before opening an order.
No changes at Exness
One of the highlights that makes Exness popular with many traders is its swap-free mechanism.
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Gold (XAU/USD): This is the most popular instrument among long-term investors. When trading with Exness XAU/USD , you not only benefit from a swap-free policy but also from very low spreads, allowing you to save a significant amount of money compared to other brokers. This makes Exness XAU/USD’s spread a major competitive advantage, especially for those who trade gold regularly.
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Cryptocurrencies (BTC, ETH, LTC, XRP…) – no exchange fees.
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Indices (S&P 500, Nasdaq, DAX…) – suitable for swing trading operators.
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Stocks (Apple, Tesla, Google…) – long-term investment without worrying about overnight fees.
Thanks to this policy, long-term traders can be confident that their profits will not be “eroded” by negative swaps, while taking advantage of XAUUSD’s competitive spreads on Exness.
See more: Open Exness Account: Latest guide for new traders
Advantages and disadvantages of the Exness exchange
Advantage:
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Positive swap: Can generate additional profits if the trade goes in the right direction.
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Transparency: Swaps are publicly announced on MT4/MT5 and on the website.
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No swaps: Free support for many popular instruments, ideal for long-term traders.
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Calculator: Exness offers a practical and easy-to-use exchange calculator.
Disadvantages:
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Negative swap: Can cause losses by holding orders for a long time.
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Triple swap: If you’re not careful, triple fees can quickly drain your account.
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Non-exchange restrictions: Some smaller or less popular instruments are still subject to exchange fees.
Strategies to minimize swap costs at Exness
To avoid “unfairly losing money” due to the swap, you can apply some of the following methods:
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Close the order before the swap calculation time: Suitable for short-term traders.
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Use a swap-free account: If you usually hold long positions, this is the optimal option.
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Choose a swap-free instrument: Trade gold, cryptocurrencies, or indices.
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Follow the triple swap scheme: Avoid holding unnecessary positions on Wednesdays or Fridays.
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Take advantage of positive swaps: You can apply the “carry trade” strategy (holding long-term orders to benefit from positive swaps).
Real-world example of an exchange at Exness
Let’s say you open a buy order for 1 lot of EUR/USD on Tuesday and keep it open overnight:
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Long swap for EUR/USD = -5 USD/lot/day.
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Overnight hold from Tuesday to Wednesday: you will be charged $5.
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Hold until Thursday (Wednesday night, triple swap): $15 will be deducted.
In total, in just 2 days you lost $20 USD due to the swap.
Conversely, if you open a sell order for 1 lot of USD/JPY with a short swap = +2 USD/day:
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Keep it for 5 days and you will receive $10 USD added to your account.
This shows that exchange can be both an “enemy” and an “ally” depending on how it is used.
Comparison of Exness Swap with other brokers
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Transparency: Exness publishes swaps in a clear and simple way.
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Swap-free expansion: Supports more instruments than many other exchanges.
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Competitive fees: Swap fees are usually lower than or equivalent to those of major exchanges such as ICMarkets and XM.
This makes Exness a reliable choice for both short-term and long-term traders.
See more: Exness: Evaluate Reputation, Should You Trade On Exness?
Summary
Therefore, the Exness swap is a crucial factor that directly impacts every investor’s returns. Understanding how to calculate it, when to apply it, and how to flexibly leverage swap-free accounts will help you trade more intelligently, optimize costs, and limit unnecessary risks.
For day traders, the best strategy is to close positions before the swap is calculated to avoid overnight costs. On the other hand, swing traders or long-term investors should consider a swap-free account or prioritize swap-free products to save on transaction costs.
We hope that the information shared by EX Trading has helped you to better understand swaps at Exness, and thus to build an effective and sustainable trading plan.
Frequently Asked Questions (FAQ)
1. When is the Exness swap calculated?
Swaps are typically calculated at 21:00 GMT+0 (summer) or 22:00 GMT+0 (winter). Specifically, on Wednesdays (Forex, gold, silver) and Fridays (stocks, indices), swaps are calculated three times.
2. How can I check swap fees at Exness?
You can check this directly in MT4/MT5: right-click on the currency pair/index → select Specification → check the Long Swap/Short Swap section. Exness also offers an online swap calculator on its website.
3. ¿Exness no utiliza swaps?
Yes. Exness offers swap-free accounts for Muslim countries and options for many popular instruments such as gold, cryptocurrencies, indices, and stocks. This allows investors to trade long-term without worrying about overnight fees.
