Exness’s “Swap-Free” feature is a system where no interest costs (swap points) are incurred even if a position is held overnight. It applies to a wide range of instruments, including major currency pairs, gold, cryptocurrencies, and stock indices, and can significantly reduce trading costs for swing trading, which is based on long-term holdings. There are two status levels for eligibility—"Preferred" and "Standard"—which vary depending on your trading activity.
Key Points of This Article
- With swap-free trading, there are no overnight holding costs. You can also avoid the triple swap charges on Wednesdays and Thursdays.
- The scope includes major currency pairs, gold, crude oil, all cryptocurrencies, all stock indices, and more.
- Immediately after opening an account, you’ll be enrolled in the “Preferred Swap-Free” plan. Depending on your trading activity, this may be changed to the “Standard” plan.
- Even if the status is revoked, it may be reinstated as a shareholder benefit depending on subsequent trading activity.
What Are Swap Points?
In FX/CFD trading, carrying a position over to the next business day results in swap points (overnight interest) based on the interest rate differential between currencies. If you hold a position with negative swap points for an extended period, this interest cost will continue to erode your profits. Swap-free accounts are designed to eliminate this cost; since they are structured so that no interest is paid, they are also used by traders who cannot deal with interest for religious reasons (those seeking Islamic accounts).
Eligible Instruments for Swap-Free Trading
| Category | Primary Target Audience |
|---|---|
| Major Currency Pairs | EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD, USD/CAD, USD/CHF, USD/THB |
| Minor currency pairs | AUDNZD, EURCHF, GBPJPY, AUDCHF, AUDJPY, etc. |
| Commodity | Gold (XAUUSD) and Crude Oil (USOIL) |
| Cryptocurrency | All cryptocurrency pairs, including BTC/USD |
| Stock Index | All Stocks |
Swap rates apply to other precious metals, energy, exotic currency pairs, and certain stocks. Be sure to check the applicable terms for each instrument before trading.
How to Check If You Are Eligible
- Opening the details for a security (symbol) on the MT5 quote screen
- Check the value in the "Swap" column (if it's 0, it's swap-free)
Two Membership Levels: Premium and Standard
| Status | Contents |
|---|---|
| Preferred Swap-Free | Applies immediately upon opening an account. No swap charges on a wide range of securities. |
| Standard Swap-Free | A status that may change depending on trading conditions. The range of eligible swap-free instruments is narrowing. |
Exness uses algorithms to analyze trading activity and determine account status. If you consistently use the account in ways that exceed the intended scope of the swap-free feature—such as holding an extremely large number of overnight positions—you may be removed from the swap-free program.
Points Needed to Maintain Preferred Member Status
- Focus on intraday trading and keep the number and duration of overnight positions to a minimum
- Notifications about status changes are sent to your Personal Area, so be sure to check it regularly.
- Even if the status is revoked, it may be reinstated as a preferred status following a review of your trading style.
Please check the Exness official website for the latest terms and conditions.
FAQ
Do I need to apply for swap-free trading?
Not required. The Swap-Free Privilege is automatically applied when you open an account.
Will the triple swap on Wednesdays also be free?
Yes. For eligible swap-free instruments, no swaps will be charged—including the triple swap that accrues over the weekend.
How can I check if the swap-free feature has been disabled?
You will receive a notification from Exness when your status changes. You can also check this in the "Swap" section of your Personal Area and in the instrument details in MT5.
Summary
Exness’s swap-free feature is a powerful tool that allows you to develop medium- to long-term strategies without worrying about rollover costs. Please make use of this feature after understanding the requirements for maintaining your preferred status. Furthermore, if you use your Exness account through REBATE ONE, you’ll not only reduce swap costs but also receive cashback on every trade. Please review the account opening procedure and the steps for linking an existing account.
