Which Currency Pairs and Account Types Offer Swap-Free Trading on Exness?
When holding FX positions overnight, traders may either earn swap points or incur losses due to negative swaps.
Exness is highly rated among overseas FX brokers for its comprehensive swap-free status options.
With a swap-free account, traders can avoid swap point losses and focus purely on trading.
What are the conditions under which traders can open a swap-free trading account on Exness?
This article provides a detailed explanation of how Exness' swap-free trading system can help traders minimize trading costs and maximize efficiency.
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What Is a Swap Point When Holding FX Positions Overnight?
Before explaining swap-free trading, let's briefly introduce swap points.
What Are Swap Points?
- Swap points are the interest earned or paid for holding a position overnight, also known as rollover fees.
- They are determined by the interest rate difference between the two currencies in a pair, either adding or deducting value based on your position.
- Holding a pair with negative swap results in daily charges, increasing losses, whereas positive swap positions generate additional profits.
Having to pay swap fees while the market moves against you only adds to the disadvantage.
For traders wanting a pure trading experience without extra costs, a swap-free account is an attractive option.
What Are the Conditions for Swap-Free Trading on Exness?
Exness offers all traders the opportunity to trade under swap-free conditions by default.
Previously called the "Preferred Swap-Free" feature, this system works as follows:
What Is Exness Swap-Free Trading?
- Swap-free trading on Exness allows traders to hold positions on certain currency pairs without incurring swap fees.
- If the swap-free status is maintained, it applies to all account types, eliminating concerns about swap charges.
Exness provides default swap-free trading on select financial instruments, reducing trading costs compared to other brokers.
Which Currency Pairs and Instruments Are Eligible for Swap-Free Trading on Exness?
When swap-free status is active, traders can hold certain positions overnight without incurring swap fees. The eligible instruments include:
Swap-Free Instruments
- Major Pairs: AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY, USDTHB
- Minor Pairs: AUDNZD, EURCHF, GBPJPY, AUDCHF, AUDJPY, EURAUD, EURCAD, EURGBP, EURJPY, EURNZD, GBPCHF, GBPNZD, NZDJPY, NZDCAD
- Commodities: XAUUSD, USOIL
- All Cryptocurrencies: Including BTCXAU, BTCXAG, BTCTHB, BTCAUD, BTCZAR, BTCCNH, BTCJPY
- All Indices
Exness offers swap-free trading on a wide range of assets, making it a cost-effective choice.
However, under certain conditions, swap-free status may be revoked.
Does Swap-Free Status Apply to All Exness Account Types?
One major advantage of Exness is that swap-free status is applicable across all account types.
Swap-Free Account Eligibility
- Swap-free status is available for all account types, including Standard, Standard Cent, Pro, Zero, and Raw Spread accounts.
- Regardless of the account type, swap-free instruments allow traders to hold positions overnight without worrying about swap fees.
Many brokers limit swap-free trading to specific account types, making Exness a highly flexible choice.
To maximize cost efficiency, traders should aim to maintain swap-free status whenever possible.
What Are the Conditions That Can Revoke Swap-Free Status on Exness?
If certain conditions are met, Exness may revoke swap-free status, meaning all financial instruments will incur swap fees when positions are held overnight.
Losing swap-free status removes one of Exness' key benefits, so it is important to avoid this situation.
Why and When Does Exness Revoke Swap-Free Status?
The conditions that may lead to the loss of swap-free trading privileges on Exness include:
Conditions for Losing Swap-Free Status
- If a trader rarely trades during market hours but holds a large number of positions overnight, their status may be downgraded to Standard Swap-Free.
- Trading behavior is analyzed using Exness’ proprietary algorithms, ensuring compliance with trading terms and agreements for swap-free accounts.
Regularly carrying multiple positions overnight may lead to a downgrade from Preferred Swap-Free to Standard Swap-Free status.
If you primarily day trade and carry only a few positions overnight, you can maintain your Preferred Swap-Free status.
Since Exness provides highly favorable trading conditions, it is essential to avoid actions that could lead to a downgrade.
How Can Traders Maintain Their Swap-Free Status on Exness?
To prevent the loss of swap-free status, traders should follow these trading practices:
How to Maintain Swap-Free Status
- To retain Preferred Swap-Free status, traders should close most of their trades during the day and minimize overnight positions.
- To avoid triggering the algorithm, traders should ensure that their intraday trading frequency exceeds their overnight positions.
Since Exness absorbs the swap fees for swap-free instruments, it is important to maintain a trading pattern that does not create excessive losses for the broker.
Understanding the balance of fair trading is key to maintaining swap-free status on Exness.
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How Does Exness Ensure Swap-Free Compliance?
What happens when Exness modifies a trader’s swap-free status?
At a minimum, all trading accounts will lose the ability to trade all currency pairs under swap-free conditions.
Here’s how this affects actual trading:
What Are the Disadvantages of Losing Swap-Free Status on Exness?
If Exness revokes a trader's swap-free status, the following changes will take effect:
Changes After Swap-Free Status Removal
- Swap-free status is revoked from all trading accounts.
- Once revoked, swap fees will be applied to both existing and future trades.
In other words, swap fees will now apply to all open positions.
Previously, Exness covered all swap costs. If a trader no longer qualifies, they must accept the new terms.
How to Check Your Swap-Free Status on Exness?
The process of swap-free status revocation follows these steps:
Steps When Swap-Free Status Changes
- If swap-free status is at risk, a notification will be sent to the Personal Area.
- To check the status, log into the Personal Area, click on the profile icon, and select trading conditions.
This means traders have a chance to adjust their trading style before losing swap-free benefits.
Ignoring these alerts and continuing to hold excessive overnight positions will lead to swap fees being applied.
To maintain access to Exness' swap-free program, traders should adjust their trading strategy accordingly.
How Does Exness Determine Eligibility for the Swap-Free Program?
Exness determines swap-free eligibility based on the following factors:
Criteria for Swap-Free Eligibility
- Exness uses proprietary algorithms to analyze trading activity, ensuring compliance with trading terms and agreements.
- The exact criteria remain undisclosed, but traders can check their status in the Personal Area. Those holding many overnight positions should monitor this carefully.
These algorithms apply equally to all traders. However, for non-Islamic traders, frequently holding overnight positions may result in a downgrade.
While Islamic traders enjoy permanent swap-free status, non-Islamic traders must adhere to Exness' trading conditions.
Which Countries Qualify for Exness’ Islamic Swap-Free Status?
The following countries are eligible for Exness’ Islamic swap-free status:
Eligible Countries
Afghanistan, Algeria, Azerbaijan, Bahrain, Brunei, Bangladesh, Bosnia & Herzegovina, Chad, Comoros, Ivory Coast, Djibouti, Egypt, Indonesia, Jordan, Kazakhstan, Kuwait, Kyrgyzstan, Lebanon, Libya, Maldives, Mali, Mauritania, Morocco, Niger, Oman, Pakistan, Palestine, Qatar, Saudi Arabia, Somalia, Senegal, Tajikistan, Tunisia, Turkey, Turkmenistan, United Arab Emirates, Uzbekistan.
Few Japanese people reside in these countries, and obtaining visas can be challenging. Moving just to access swap-free trading isn’t practical.
Can Japanese Traders Open an Islamic Swap-Free Account on Exness?
Islamic swap-free accounts allow traders to hold positions without swap charges. If Japanese traders could access them, it would be highly beneficial.
However, obtaining an Islamic swap-free account as a Japanese trader is nearly impossible.
Here’s why:
Why It’s Difficult for Japanese Traders to Get an Islamic Swap-Free Account
- Japan is not among the eligible countries, and visa access to Islamic countries is limited.
- Proof of residence and IP address checks make false applications difficult.
- Traders must provide evidence of being a practicing Muslim.
These requirements are tough to meet. For Japanese residents, applying for an Islamic swap-free account is unrealistic.
Exness Does Not Offer Swap-Free Account Types
Exness is known for tight spreads and its swap-free status, offering low trading costs.
However, unlike some brokers, Exness does not provide specific swap-free account types.
This could be seen as a downside, but since all account types qualify for swap-free trading on many instruments, it remains an advantage. However, some assets still incur swap charges.
Which Assets on Exness Still Incur Swap Charges?
Even with swap-free status, some assets require swap fees:
Assets That Incur Swap Fees
All precious metals except XAUUSD, all energy commodities except USOIL, some minor currency pairs, and all exotic currency pairs.
Since exotic currency pairs always have swap charges, traders using anything other than short-term trading should be cautious of swap losses.
How to Check Your Swap-Free Level on Exness?
By default, Exness applies the preferential swap-free status. To check your current swap-free level:
How to Check
Log in to your Personal Area, click on the profile icon, then go to Trading Conditions → Swap-Free.
Your swap-free level will be displayed as shown above. Monitor your trading activity to maintain your swap-free status.
Exness Merged Its Swap-Free Statuses in October 2024
Previously, Exness had two types of swap-free statuses: Preferential Swap-Free and Standard Swap-Free.
However, as of October 1, 2024, both statuses have been merged into a single swap-free status with new conditions.
Traders received emails regarding this change, confirming that only one swap-free status now exists.
Which Instruments Were Covered Under the Standard Swap-Free Status?
Before the change, the Standard Swap-Free Status covered the following instruments:
Standard Swap-Free Instruments
Cryptocurrencies: BTCXAU, BTCXAG, BTCTHB, BTCAUD, BTCCNH, BTCZAR, BTCJPY (excluding Bitcoin cross pairs).
This status covered only a few instruments, limiting its benefits. The update has simplified the swap-free system while expanding the number of swap-free instruments.
With this update, traders now have access to more swap-free instruments than before, making Exness’ trading conditions even more attractive.
Exness also offers unlimited leverage, allowing traders to optimize capital efficiency compared to other brokers.
Exness Offers Tight Spreads and Low Trading Costs
Many traders seek lower trading costs, particularly those concerned about swap fees.
Exness provides competitive spreads, allowing traders to minimize costs across a wide range of instruments.
The platform offers five account types under the Standard and Professional categories, each with different spread structures.
What Are the Spreads for Exness Standard Accounts?
Exness Standard Accounts include the Standard Account and Standard Cent Account. Their minimum spreads are:
Minimum Spreads
- Standard Account: From 0.2 pips
- Standard Cent Account: From 0.3 pips
These accounts also come with zero commission fees, making trading more cost-effective.
What Are the Spreads for Exness Professional Accounts?
Exness Professional Accounts include the Pro Account, Zero Account, and Raw Spread Account. Their minimum spreads are:
Minimum Spreads
- Pro Account: From 0.1 pips
- Zero Account: From 0 pips
- Raw Spread Account: From 0 pips
While Zero and Raw Spread accounts offer ultra-low spreads, they charge a commission per lot traded.
Commission Fees
- Pro Account: No commission
- Zero Account: From $0.05 per lot (one way)
- Raw Spread Account: Up to $3.50 per lot (one way)
By selecting the right account type, Exness traders can enjoy some of the industry’s lowest trading costs.
Who Benefits from Swap Points in Forex? Key Considerations for Traders
Some traders earn profits through swap points in forex trading, leveraging them to increase gains.
Swap points result from interest rate differences between two currencies and are earned or paid when holding positions overnight.
However, to maximize profits and minimize losses, understanding how swap points work is crucial.
Before attempting to profit from swap points, ensure you understand the basics outlined below.
Key Strategies for Earning Profits from Swap Points
To successfully earn profits using swap point strategies, keep the following in mind:
Profitable Swap Strategies
- Select High-Interest Currencies: Buy high-interest currencies while selling low-interest currencies to earn positive swap.
- Analyze Currency Pairs: Study economic conditions and interest rate trends to determine stable and potentially rising interest rate pairs.
- Long-Term Strategy: To benefit from swap points, positions must be held long-term. Avoid reacting to short-term market fluctuations.
- Risk Management: Use lower leverage to control risk. Account for potential losses if the market moves against you and set proper position sizes.
Understanding both positive and negative swap points is essential for effective trading.
However, high positive swap pairs often have high volatility, increasing the risk of losses due to sudden price fluctuations.
Key Risk Factors to Avoid Losses with Swap Trading
To prevent losses when trading based on swap strategies, consider the following:
Risk Factors to Watch
- Interest Rate Changes: Interest rates fluctuate over time, meaning a positive swap trade could turn into a negative one. Monitor central bank policies and economic data closely.
- Currency Value Fluctuations: Even if swap earnings are positive, currency devaluation can lead to overall losses. Adjust positions based on market trends.
- Political and Economic Risks: Countries with high-interest rates often face political instability or economic downturns, which can cause sharp currency declines.
- Spreads and Fees: Long-term positions may accumulate high spreads and transaction fees. Choose a broker with low trading costs to optimize profitability.
Earning profits from swap points requires effective risk management and market analysis.
While focusing on interest rate differentials, always consider market volatility and related risks. Properly managing position sizes and leverage is crucial.
Staying aware of market changes and maintaining a long-term perspective are key to successfully using swap point strategies.
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Exness Swap Points and Swap-Free Status: Frequently Asked Questions
This article explains how Exness allows traders to trade various assets without swap fees.
With swap-free status, you can trade multiple assets on Exness without worrying about swap points.
Here, we answer common questions about Exness swap points to help you optimize your trading.
Are all major currency pairs swap-free on Exness?
Answer
- Exness offers swap-free trading by default.
- The following major currency pairs are swap-free: AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY, and USDTHB.
- The US Dollar Index (DXY) is classified as a major currency but is not swap-free.
- If your swap-free status is revoked, swap fees will apply to all currency pairs, including majors.
Why does Exness offer swap-free accounts for Islamic countries?
Answer
- Islamic law (Sharia) prohibits earning or paying interest in financial transactions.
- To comply with Sharia law, Exness offers swap-free accounts for Muslim traders.
- Non-Muslims, including Japanese traders, cannot open these accounts.
Can traders make money using swap points on Exness?
Answer
- By default, Exness applies swap-free status to all traders.
- Most currency pairs have no swap charges, but some minor and exotic pairs still apply swap fees.
- If you want to earn from swap points on major pairs, you need to lose your swap-free status by holding multiple positions overnight.
- Once swap-free status is removed, swap fees apply to all trades, which may result in gains or losses.
- If you prefer swap trading, consider opening an account with brokers like XMTrading.
Does Exness completely eliminate swap fees for swap-free traders?
Answer
- Exness applies swap-free status by default to all traders and accounts, meaning no swap charges for specified assets.
- However, swap charges still apply to non-eligible financial products if held overnight.
- Swap-free eligibility allows long-term holding of major currency pairs without swap losses.
Why does Exness allow trading without swap charges?
Answer
- Unlike other brokers, Exness does not offer bonuses or promotional rewards.
- By minimizing costs, Exness offsets swap fees, allowing traders to trade without negative swaps.
- While swap fees are eliminated, this also means no profit from positive swap points.
- Some assets still incur swap charges, allowing Exness to balance the system.
When do swap fees apply on Exness?
Answer
- Swap fees are applied daily at 22:00 GMT+0 during winter and 21:00 GMT+0 during summer.
- There are no swap fees on weekends, so triple swaps apply on Wednesdays.
- For commodities like energy assets, daily rollover fees apply instead of a triple swap.
- The Trading Calculator helps calculate real-time swap fees based on live rates.
- Always check swap fees before holding positions overnight.
How to Check Swap-Free Instruments on Exness?
Answer
- You can check swap-free instruments in the Exness Personal Area (Dashboard).
- Log in to the Personal Area, click the profile icon, and select "Trading Conditions."
- Click on "Read Swap-Free Details" to view swap-free status and eligible instruments.
- On the official website, you can also check swap-free status by clicking on any financial instrument in the trading section.
- If both the buy and sell swap columns show "0," the instrument is effectively swap-free.
Does Exness Have a Triple Swap Day?
Answer
- If swap fees apply to your account, then Exness does have a triple swap day.
- For energy commodities, triple swaps do not apply. Instead, a daily rollover fee is charged.
- For all other financial instruments, traders without a swap-free status are subject to swap fees.
- Triple swap day occurs on Wednesdays, where Saturday and Sunday swaps are combined.
What Happens if Your Swap-Free Status Is Revoked?
Answer
- If your swap-free status is revoked, swap fees will apply to all pending and future trades.
- All open positions at the time of revocation will start incurring swap charges the next trading day.
- If you wish to avoid swap losses, watch for warnings in your Personal Area and close positions accordingly.
Does Swap-Free Status Apply to All Trading Accounts Under One Personal Area?
Answer
- All trading accounts under the same Personal Area are affected by swap-free status.
- If swap-free status is revoked, all trading accounts will be subject to swap fees.
- Overnight positions will start incurring swap charges the next business day.
- If swaps turn negative, traders may experience swap losses, so it's crucial to monitor open positions.
Does Hedging Affect Swap Points on Exness?
Answer
- If swap-free status is active, swap fees do not apply, making hedging less impactful.
- Typically, short positions have zero swap, while long positions incur negative swaps.
- Hedging high-interest currency pairs will not yield swap profits.
- Although margin requirements for hedged positions are minimal, spread costs can still add up.
Is Exness a Good Broker for Swap Point Trading?
Answer
- Exness is not the best option for swap point trading.
- Minor and exotic currency pairs often have high volatility and wide spreads.
- Since Exness primarily offers swap-free trading, earning swap income is not its focus.
- Instead, Exness is ideal for traders who prefer low trading costs and high leverage.
Swap-free trading on Exness is a significant advantage for traders seeking cost-effective positions.
Although it may not suit swap-focused strategies, Exness offers competitive spreads and low trading fees, making it a great choice for high-leverage traders.
Many traders believe offshore brokers are risky, but Exness provides a reliable and regulated trading environment. By utilizing leverage effectively, traders can maximize profits efficiently.
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What Kind of FX Broker is Exness? Reasons to Choose and Recommended Points
Exness is one of the few FX brokers offering unlimited leverage, making it popular among both beginners and experienced traders.
Below, we outline the key features, advantages, and differences that set Exness apart from other brokers.
Recommended Points of Exness as an FX Broker
Recommended Points
- Unlimited leverage (approximately 2.1 billion times) enables highly efficient trading.
- No stop-out (forced liquidation) until the margin level reaches 0%, with an additional stop-out protection feature.
- Supports high-value withdrawals with fast bank transfers, earning a strong reputation for quick payouts.
- Comprehensive Japanese customer support, including live chat (8:00 AM – 12:00 AM on weekdays) and 24-hour email responses (typically within one business day).
- Holds a securities dealer license issued by the Seychelles Financial Services Authority (license number: SD025).
- The Exness group collectively holds seven financial licenses, ensuring high safety and credibility.
- Over 800,000 active traders worldwide and a workforce of over 2,400 employees, making it one of the largest FX brokers globally.
- No restrictions on trading strategies or positions, offering a highly flexible trading environment.
- No penalties for hedging across multiple accounts or even between different brokers.
- Offers five account types, all with industry-leading low spreads.
- No bonuses, but provides account types tailored for scalping traders.
Summary of Exness Basic Specifications
| Account Opening Bonus | Deposit Bonus | Leverage |
| None | None | Unlimited |
| Spread | Financial License | Zero Cut |
| Average 1.7 pips | Seychelles Government | Applied |
| Deposit Methods | Withdrawal Methods | Customer Support |
| 11 Types | 11 Types | Every Time |
Exness is ideal for those seeking a flexible trading environment and maximizing capital efficiency.
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Exness Swap-Free Trading: Eligible Pairs & Account Types Summary
This article covers the fundamental rules regarding swap points on Exness, along with details on swap-free trading pairs and account types.
Summary
- Exness offers swap-free accounts for Islamic countries and a swap-free status for non-Islamic traders, including Japanese users.
- Swap-free status is enabled by default, allowing major and minor currency pairs, all cryptocurrencies, and XAUUSD to be traded without swap fees.
- Swap-free status is determined through an automated algorithm that analyzes trading activity.
- Traders who hold positions overnight frequently while making fewer intraday trades are more likely to lose their swap-free status.
- Exness does not offer a fully swap-free account type, but certain assets qualify for swap-free trading.
- Changes in swap-free status can be checked in the Personal Area (Dashboard).
- To check swap-free levels, log in to the Personal Area, click the profile icon, select "Trading Conditions," then "Swap-Free."
- Exness has extremely low spreads and minimal trading fees, making it an excellent choice for scalpers.
- The best account type for scalping on Exness is the Pro account.
By maintaining swap-free status, traders can execute cost-effective trades on major currency pairs without incurring swap fees.
Since negative swaps are eliminated, Exness is highly suitable for traders following a long-term strategy.
Be mindful of your trading activity to avoid losing your swap-free status.
Exness Offers Numerous Trading Opportunities with Risk-Free High Leverage.
Exness is highly regarded as an FX broker that provides a vast number of trading opportunities and allows traders to engage in high-leverage trading across various financial instruments without risk.
Open an account with Exness today!
For those who want to learn more about Exness's features, key advantages, and what makes it a top choice among traders, this article will provide valuable insights.
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