Exness charges overnight fees, also known as swap fees, for positions held beyond the daily market close. These fees are determined by the interest rate differentials between the currencies in a pair, and they can be positive or negative depending on whether you are buying or selling. Positive swap fees are credited to your account if the interest rate of the currency you’re buying is higher than the one you’re selling, while negative swap fees are charged when the reverse is true. Traders can view and calculate these fees in real-time on the Exness trading platforms, helping them manage their positions and minimize costs.
What are Overnight Fees?
Overnight fees, also known as swap fees, are charges or credits applied to your trading account when a position is held overnight. These fees arise from the interest rate differential between the two currencies involved in a trade. If you buy a currency pair where the interest rate of the first currency is higher than the second, you may receive a credit. Conversely, if the interest rate of the first currency is lower, you may incur a charge.
The reason overnight fees exist is due to the fact that forex markets are traded on a 24-hour basis, but banks close at certain times. As a result, brokers like Exness adjust your position to reflect the interest rate of the currencies involved, which is where the swap fee comes in.
How Do Exness Overnight Fees Work
The overnight fee is calculated based on the interest rate differential between the two currencies in a pair. Exness will apply a small fee or a credit to your account for every position that stays open overnight. The exact fee depends on:
- The size of the position.
- The currency pair you are trading.
- The direction of your trade (buy or sell).
- The difference in interest rates between the two currencies.
If you’re trading the EUR/USD pair, and the interest rate for EUR is higher than USD, you could receive a small credit on your position. On the other hand, if the interest rate for USD is higher, you may have to pay an overnight fee.
Types of Overnight Fees in Exness
Exness charges or credits overnight fees based on the interest rate differences between the currencies in your trade. Positive swap fees credit your account when the bought currency has a higher interest rate than the sold one, while negative swap fees are charged when the bought currency has a lower rate. Some accounts may offer zero swap fees, meaning no overnight charges or credits are applied.
| Type of Fee | How It Works | Example/Note |
| Positive Swap | Interest of bought currency > sold currency; account is credited | Beneficial when trading in your favor |
| Negative Swap | Interest of bought currency < sold currency; account is charged | Common with high interest rate differentials |
| Zero Swap | No credit or charge applied for holding overnight positions | Depends on account type or region |
These fees apply when positions are held past the trading day, and understanding them helps manage overnight trading costs effectively.
How to Check Overnight Fees on Exness
Viewing Swap Rates on Exness
To view the swap rates on Exness, you can check the contract specifications for each instrument directly on the Exness platform. This includes detailed information on swap rates for all currency pairs. For example, in MetaTrader 4 (MT4) or MetaTrader 5 (MT5), you can access the symbol specification section, where you’ll find swap rate details, including whether the position will incur a fee or result in a credit. This is essential for traders to understand the cost of holding positions overnight.
Calculating Swap Fees in Real-Time
Exness makes it easy to check swap rates in real-time directly from the platform. When you select a currency pair or other instrument, you’ll be able to view both the buy swap rate and the sell swap rate. For instance, if you’re holding a long position in a currency pair, the buy swap rate will show if you’re due to receive a credit or incur a fee. These rates help you decide if holding a position overnight aligns with your trading strategy and risk management.
If you’re trading EUR/USD and you see a buy swap rate of +0.50 and a sell swap rate of -0.70, this means that for each night you hold a long EUR/USD position, you’ll receive a small credit of 0.50 units of your account currency, but for each short position, you’ll incur a fee of 0.70 units. This real-time data helps you make informed decisions on whether to keep positions open overnight.
Factors Affecting Exness Overnight Fees
Exness overnight fees depend primarily on interest rate differentials between the two currencies in a trading pair and the direction of your position. When you hold a currency pair overnight, you either pay or receive fees based on the difference between the interest rates of the base and quoted currencies. For example, if you’re trading USD/EUR and the Federal Reserve raises rates while the European Central Bank maintains steady rates, this differential directly impacts your overnight costs. The direction of your trade also matters – buying or selling the pair determines whether you pay or receive the swap fee.
Your account type and trading region also influence overnight fees, as Exness offers different conditions across various account types. Some professional accounts may provide zero swap fees or more favorable overnight conditions for certain instruments. Additionally, market volatility affects these fees since interest rate differentials can shift during turbulent periods, leading to higher or lower swap costs. Regional factors play a role too, as brokers adjust rates based on prevailing market conditions in different geographical areas. Always monitor both your account specifications and current market conditions to understand how overnight fees will impact your trading strategy.
How to Avoid or Minimize Overnight Fees
You can minimize or avoid overnight fees by closing positions before the market closes each day, preventing any swap charges from accumulating. Exness offers swap-free accounts specifically designed for traders who prefer to avoid interest-based transactions, making these accounts ideal for both religious considerations and cost-conscious trading strategies. Additionally, selecting currency pairs with smaller interest rate differentials and focusing on short-term trading approaches like scalping or day trading naturally reduces exposure to overnight costs since positions are closed within the same trading session.
Benefits of Exness Overnight Fees
Exness maintains complete transparency with their swap rates, displaying exact overnight fees for each instrument before you open positions, eliminating surprises in your trading costs. The broker’s competitive swap rates are often more favorable than industry averages, and some positions actually generate positive swaps where you earn money for holding overnight positions in certain currency pairs. Exness also provides detailed swap calculations and historical data, helping you plan longer-term strategies while understanding the true cost of carry trades. Their swap-free account options give traders flexibility to choose the fee structure that best matches their trading style and requirements.
FAQ
What are overnight fees (swap fees)?
Overnight fees, or swap fees, are charges or credits applied when you hold a position open after the trading day ends. The fee is based on the interest rate differential between the two currencies in your trade.
