Swap points (also known as rollover fees) are a critical part of trading costs that impact traders holding positions overnight. At Exness, swaps vary based on interest rate differentials, market conditions, and the specific trading instrument. Understanding how swaps work, how to check them, and how to manage them efficiently can make a significant difference in trading profitability.

What Are Swap Points?

A swap is the fee or credit applied when a trading position is held overnight. It is calculated based on the difference in interest rates between the two currencies in a forex pair or the financing cost of CFDs.

Key Factors Affecting Swap Rates

Interest Rate Differentials:

  • Each currency pair consists of two currencies, and their respective central bank interest rates determine whether a swap is charged or credited.
  • Example: If the interest rate of the base currency (EUR) is higher than the quote currency (USD), a long (buy) position may receive a positive swap.

Liquidity & Volatility:

  • Swap rates fluctuate based on market supply and demand.
  • High-volatility environments may lead to significant changes in swap rates.

Trading Instrument:

  • Forex pairs, metals, cryptocurrencies, indices, and stocks have different swap structures.
  • Exotic currency pairs typically have higher swap costs due to lower liquidity.
What Are Swap Points?

Broker’s Adjustment:

  • Brokers add a margin to the swap rate, which means different brokers may have slightly different swaps on the same instrument.

Weekend Adjustments (Triple Swap on Wednesdays):

  • Forex markets are closed on weekends, but the interest differential for those days still applies.
  • To account for this, Exness applies a triple swap on Wednesday nights.

How to Check Swap Rates at Exness

Exness provides multiple ways to check swap rates in real-time, ensuring traders can calculate their overnight holding costs accurately.

Checking Swaps in MetaTrader 4 (MT4) & MetaTrader 5 (MT5)

The easiest way to view swap rates directly within the trading platform:

  1. Open MT4 or MT5 and log in to your Exness trading account.
  2. Access Market Watch (Press Ctrl + M if it’s not visible).
  3. Right-click on the instrument (e.g., EUR/USD) and select “Specifications”.

A new window will appear displaying swap rates:

  • Swap Long: Swap charged for holding a buy position.
  • Swap Short: Swap charged for holding a sell position.

Tip: If swaps are negative on both long and short positions, they are trading costs. If one side has a positive swap, you can earn money by holding that position overnight.

Checking Swaps on the Exness Website (Contract Specifications)

For updated swap rates, traders can visit the Exness official website:

  1. Go to the Exness website and log in to your Personal Area.
  2. Navigate to “Trading” → “Contract Specifications”.
  3. Select the trading instrument you want to check.
  4. Scroll down to find swap rates for long and short positions.

Why use the website?

  • The swap rates may change due to market conditions.
  • You get the latest updated figures in real-time.

Checking Swaps in the Exness Personal Area

Your Exness Personal Area provides a breakdown of trading conditions for your specific account type:

  1. Log into your Exness account via the Personal Area.
  2. Select your trading account.
  3. View swap conditions under account settings.

Note:

  • Swap rates may differ based on account type.
  • Professional accounts might have different swap structures.

Swap-Free (Islamic) Accounts at Exness

Exness offers swap-free accounts for traders in certain regions or for those who prefer to avoid interest-based fees.

Swap-Free (Islamic) Accounts at Exness

How Swap-Free Accounts Work:

  • No swaps are applied to open positions.
  • Instead of swaps, Exness may charge a fixed overnight fee depending on the instrument.
  • Available only for traders from eligible countries (mostly Islamic regions).

How to Apply for a Swap-Free Account:

  1. Go to your Personal Area and select an eligible account.
  2. Check if swap-free status is available (this depends on your country of residence).
  3. Enable swap-free trading.
  4. Confirm with Exness Support if additional verification is needed.

Important: Not all instruments are swap-free. Some exotic pairs and commodities may still carry charges.

Swap Calculation Example

Swaps can either be a cost or an income depending on the instrument and position you hold overnight. Below are two examples showing how Exness swap charges work—one where a swap is deducted and another where a trader earns a positive swap.

Holding a EUR/USD Buy Position Overnight

Trade Details:

  • Instrument: EUR/USD
  • Position: Buy (Long)
  • Lot Size: 1 Lot (100,000 units)
  • Swap Long: -0.50 pips (negative)
  • Swap Short: +0.30 pips (positive)

Calculation:

Swap = Swap Rate (in pips) × Lot Size × Pip Value
Swap = -0.50 × 100,000 × 0.0001
Swap = -$5 per night

  • If held for 3 nights, the total swap charge is – $15.
  • If held on Wednesday night, the swap is tripled to – $15 for that night.

Conclusion: You will pay $5 per night to hold this position.

Holding a Gold (XAU/USD) Sell Position

Trade Details:

  • Instrument: Gold (XAU/USD)
  • Position: Sell (Short)
  • Lot Size: 1 Lot (100 oz)
  • Swap Short: +1.25 USD (positive)

Calculation:

Swap = +1.25 × 100
Swap = +$125 per night

Conclusion: A trader earns $125 per night for holding this position short.

How to Reduce Swap Costs and Optimize Your Trades

Swaps can impact your profitability, but there are ways to minimize costs or even turn them into an advantage. Here’s how to manage swaps effectively:

  • Trade in the direction of positive swaps – Open positions where swaps are credited instead of deducted.
  • Close trades before rollover time (00:00 server time) – If a swap is high, exit before the daily charge applies.
  • Use swap-free accounts – If available in your region, this eliminates overnight interest costs.
  • Choose low-swap instruments – Some forex pairs and assets have significantly lower swap charges, reducing overall costs.
How to Reduce Swap Costs and Optimize Your Trades

Conclusion

Swaps are a key cost factor for forex traders. Understanding Exness swap points and how to check them ensures that traders can plan their strategies effectively. By leveraging positive swaps, closing trades at the right time, or using swap-free accounts, traders can optimize their trading costs and improve profitability.

Always stay updated with the latest swap rates on the Exness platform or the official website to avoid unexpected charges.

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