Understanding Exness Swap Fees

Swap fees, or overnight financing costs, are charges applied when holding trades past market close, impacting Vietnamese traders using Exness. These fees can significantly affect long-term trading strategies, especially for those holding positions overnight. Understanding how swaps work allows traders to manage costs effectively and choose strategies that align with their goals. Exness calculates swaps based on factors such as market conditions, instrument type, and interest rate differentials between currencies. Traders should also be aware of triple swap days, typically occurring on Wednesdays, when swap fees are tripled. Exness provides a clear overview of swap rates, which can be found in the trading platform or on the website. For traders who want to avoid swap fees entirely, Exness also offers swap-free accounts, ideal for those following Sharia-compliant trading. Implementing strategies like closing positions before rollover or trading during low-interest periods can help reduce swap costs and improve profitability.

How Exness Calculates Swap Fees

Exness calculates swap fees based on interbank rates, instrument type, and position size. Fees are applied daily at 10 PM GMT for open trades held overnight.

Factors Influencing Swap Rates

Swap rates vary due to market conditions, central bank interest rates, and instrument volatility. For forex pairs, rates depend on the interest rate differential between the two currencies (e.g., EUR/USD). Metals like gold (XAUUSD) have higher swaps due to volatility, while indices may have lower rates. Check Exness’s website for real-time swap data and monitor global interest rate changes to anticipate costs.

Long vs. Short Swaps

Long (buy) and short (sell) positions incur different swap fees based on interest rate differences. For example, a long EUR/USD position might have a negative swap, while a short position could be positive.

Positive swaps can offset costs, but negative swaps add up over time. Check swap rates in your Exness Personal Area before opening long-term positions.

Triple Swap Days 

Exness applies triple swap fees on Wednesday at 10 PM GMT to cover weekend financing costs, as markets are closed Saturday and Sunday. This affects positions held over the weekend, increasing costs for long-term trades. Plan trades around Wednesday closings or use swap-free accounts to avoid triple charges, and test strategies on a demo to understand costs.

Where to Find Exness Swap Rates for Specific Instruments

Exness provides swap rate details on its platforms and website. Checking rates helps you plan trades and manage costs effectively.

On the MetaTrader Platform (MT4/MT5)

In MT4/MT5, right-click an instrument in the Market Watch, select “Specification,” and view “Swap Long” and “Swap Short” values in pips or points. These update daily based on market conditions. Use MT4/MT5 demo accounts to check rates for forex, metals, or indices before trading live.

On the Exness Website or Personal Area

Exness lists swap rates for all instruments in the “Trading Conditions” section of its website or Personal Area under “Contract Specifications.” Rates are updated regularly, showing long and short swaps per lot. Bookmark the page for quick access and compare rates across instruments to optimize trading decisions.

Using the Exness Investment Calculator

The Exness Investment Calculator estimates swap fees based on instrument, position size, and holding period. Access it in the Personal Area or website.

• Select Instrument: Choose forex pair, metal, or index.
• Enter Details: Input lot size, leverage, and days held.
• View Results: See estimated swap costs for long/short positions.

The calculator helps plan trades by showing potential costs. Use it with a demo account to test scenarios and confirm accuracy.

Impact of Swap Fees on Different Trading Strategies

Swap fees affect long-term strategies more than short-term ones. Scalping and day trading avoid swaps, while swing trading incurs higher costs.

• Scalping: No swaps, as trades close within a day.
• Day Trading: Minimal swap impact, focuses on intraday moves.
• Swing Trading: Higher swaps for multi-day positions.

Long-term traders should choose instruments with lower swaps or use swap-free accounts. Test strategies on a demo to assess swap impact.

Exness Swap-Free Accounts

Exness offers swap-free accounts for traders who want to avoid overnight fees, ideal for long-term strategies. These accounts are also called Islamic accounts.

Eligibility and Conditions for Swap-Free Status

Swap-free accounts are available to all Exness clients, not just those with religious requirements. Request activation in your Personal Area; approval is automatic for eligible regions like Vietnam, but high trading volumes may trigger reviews. Maintain active trading to keep swap-free status, and check conditions in your Personal Area to avoid restrictions.

Available Instruments on Swap-Free Accounts

Swap-free accounts cover most Exness instruments, including forex, metals, and indices. Some exotic pairs may have restrictions.

• Forex: Major pairs (e.g., EUR/USD, GBP/USD).
• Metals: Gold (XAUUSD), Silver (XAGUSD).
• Indices: US30, DE40, limited availability.

Swap-free accounts suit long-term traders holding positions for days or weeks. Verify instrument availability in your Personal Area before trading.

Trading Strategies to Reduce Swap Exposure

Reducing swap costs involves choosing the right instruments and timing trades carefully. Day trading or swap-free accounts can minimize fees.

Choosing Instruments with Favorable Swap Rates

Select instruments with low or positive swaps, like USD/JPY (short) or AUD/USD, to reduce costs. Avoid high-swap instruments like gold for long-term trades unless using a swap-free account. Check swap rates daily in MT4/MT5 or the Exness website, and test low-swap instruments on a demo to optimize strategy.

Common Misconceptions About Swap Fees

Many traders think swap fees are fixed or only apply to losing trades, but they vary daily and affect all overnight positions. Another myth is that swaps are avoidable without swap-free accounts; however, any trade held past 10 PM GMT incurs fees. Clarify swap details in your Personal Area and use demo accounts to understand costs before trading live.