Exness offers standard swap-free and extended swap-free accounts. These are true to their name and do not charge swap points. It is especially recommended for those who do long trades because it is a very big advantage.
- Exness Basic Information
- Overview of Exness’ Swap-Free System
- Swap-Free Eligible Securities on Exness
- How to Calculate Exness Swap Points
- Conditions for Maintaining Swap-Free
- Exness Swap Point Accrual Timing
- Frequently Asked Questions About Exness Swap-Free
- Q1. What is swap-free?
- Q2. Can I use swap-free if I live in Japan?
- Q3. Which account types are swap-free?
- Q4. Are all stocks eligible for swap-free trading?
- Q5. Will the swap-free status be maintained forever?
- Q6. Are there trading behaviors that are likely to result in termination?
- Q7. Will I receive a notification when the swap-free option is canceled?
- Q8. Are the trading conditions different for swap-free and standard accounts?
- Q9. What happens to the “3-day swap” on Wednesdays?
- Q10. How can I be sure it’s swap-free?
- Open a Free Account
Exness Basic Information
| Company Name | Exness Group (based in Cyprus and other countries) |
| Year of establishment | 2008 |
| Eligible products | CFDs (contracts for difference) for FX (foreign exchange), precious metals, energy, stock indexes, stocks, cryptocurrencies, etc. |
| Supported tools | MetaTrader 4 / MetaTrader 5 (MT4/MT5), Web Terminal, Exness App, etc. |
| Regulations and Licenses | FCA (Financial Conduct Authority) CySEC (Cyprus Securities and Exchange Commission) FSA (Seychelles Financial Services Authority) FSCA (South Africa) / CBCS (Curaçao) |
| Fund management/protection | Customer funds are managed separately from the operating company’s funds |
| Leverage | 2000 times |
| Account Type | Standard Standard Cent Pro Raw Spread Zero |
| Spread | 0.2〜0.4 pips |
| Deposits and Withdrawals | Credit cards, domestic/international remittances, various electronic wallets, cryptocurrencies |
Overview of Exness’ Swap-Free System
Here’s an easy-to-understand explanation of Exness’s Swap-Free/Islamic Account in Japanese. 👇
🟢 1. What is the Swap-Free System?
What is a Swap?
In standard FX trading, when you carry a position over the next day, interest (swap points) is accrued based on the interest rate differential between the currency pairs.
The Swap-Free System
👉 is a system that eliminates this swap interest.
It is specifically designed for traders who wish to avoid interest (riba) in accordance with Islamic law (Sharia).
🟡 2. Who is it for? (Eligible Participants)
📌 People residing in Islamic countries
Exness automatically applies swap-free accounts to residents of Islamic countries (countries with a large Muslim population).
Examples: Saudi Arabia, the UAE, Indonesia, Egypt, Pakistan, etc. (See the Help Center for a list of countries.)
📌 People who request swap-free status for religious reasons
Even if you live outside of an Islamic country, you may be granted swap-free status if you apply through your Personal Area (applying for religious reasons).
🟢 3. How the System Works (Basic Rules)
✅ No Swaps
In swap-free status, no interest (swap) accrues even if your position crosses days (applies only for eligible stocks).
📊 Eligible Instruments
Eligible instruments are determined by Exness, and include:
Major currency pairs (e.g., EURUSD, USDJPY, GBPUSD, etc.)
Minor currency pairs
Commodities (e.g., XAUUSD, Gold, etc.)
Crypto assets
Stock indexes (CFDs)
Swap-free is available for many major categories, including the following.
🔎 4. Eligibility Requirements and Important Points
⚠ Trading Behavior-Based Eligibility Determination
Whether or not you qualify for swap-free is also affected by your trading style:
Regular trading, such as trading primarily during the day, makes it easier to maintain eligibility.
Large overnight positions or irregular trading behavior may result in the swap-free status being revoked (notification will be given).
⚠ Not all instruments are eligible.
Some instruments may or may not qualify for swap-free depending on changes to the official website specifications, account type, and instruments. Please check the contract specifications page for eligibility.
⚠ Islamic and non-Islamic types cannot be changed.
Once an Islamic (religious) swap-free status is established, it cannot be switched back and forth between the two.
🟡 5. Practical Benefits
✔ No swap costs even during overnight and long-term holding periods
→ Facilitates long-term position strategies
✔ Compliant with Islamic law (no interest)
→ Suitable for those who wish to avoid interest-bearing transactions for religious reasons
✔ Spreads and trading conditions equivalent to standard terms
→ Trading conditions other than swaps are generally the same.
Swap-Free Eligible Securities on Exness
The following are representative examples of eligible securities (groups where no/zero swaps occur) that can be traded on Exness swap-free accounts. Note: Applicability may vary depending on the account’s swap-free status (including conditional swap-free status). Please check the official contract specifications page or the Trading Conditions in your Personal Area for individual securities.
📌 1) Currency Pairs (FX)
The following major and minor currency pairs do not incur swaps when in swap-free mode:
Major Currency Pairs
AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY, USD/THB
Minor Currency Pairs
AUDNZD, AUD/CAD, EURCHF, GBP/JPY, GBPAUD, GBP/CAD, CHF/JPY, AUDCHF, AUD/JPY, EURAUD, EURCAD, EURGBP, EURJPY, EURNZD, GBPCHF, GBPNZD, NZD/JPY, NZD/CAD, CADCHF, CAD/JPY, NZDCHF
📌 2) Commodities (Commodity CFDs)
Precious Metals & Energy
XAUUSD (Gold)
XAGUSD (Silver)
XPTUSD (Platinum)
USOIL (Crude Oil)
UKOIL (Brent Crude Oil) *May be included.
📌 3) Stock Indices
All stock index CFDs
Examples: JP225 (Nikkei 225), US30, US500, USTEC, DE30, UK100, etc.
*These are often swap-free.
📌 4) Cryptocurrencies
All Cryptocurrency Pairs
BTCUSD, ETHUSD, and other major cryptocurrency trading pairs are also swap-free.
📝 Important Notes
🔹 Swap-free is subject to conditions.
Not all accounts are swap-free at all times; accounts must meet swap-free eligibility requirements. Conditions are determined by Exness’ algorithm and may change depending on trading activity.
🔹 Swap-free eligibility must be confirmed each time.
Each product has its own contract specifications, so it’s important to open Contract Specifications in your trading terminal and confirm that “Swap” is set to 0 (zero).
🔹 Not applicable to all products.
Please note that swaps may be incurred for exotic currency pairs and some stocks (CFDs) other than those listed above.
How to Calculate Exness Swap Points
Below, we’ll explain how to calculate Exness swap points (overnight interest rates) using formulas and examples.
*This explanation assumes a standard account (with swap).
① Swap Point Basics
Swap: Interest rate adjustments that occur when holding a position over multiple days.
Timing: Generally, points are awarded daily based on trading server time (3 days’ worth is typically awarded on Wednesdays).
Separate settings for short and long positions.
② Factors Required for Calculation
The amount of swap is determined by the following factors:
Swap Value (Long/Short)
→ Displayed in the “Contract Specifications” section of MT4/MT5
Lot Size
Contract Size (For FX, 1 lot = 100,000 units)
Conversion Rate to Account Currency (if required)
③ Basic Calculation Formula (FX Currency Pair)
■ If Swap is Displayed in Points
Swap Amount = Swap Value × Number of Lots × Contract Size × Conversion Rate
■ If Swap is Displayed in Currency (e.g., USD)
Swap Amount = Swap Value × Number of Lots
- In Exness, some products are often displayed in currency, making the calculation simple.
④ Calculation Examples (Specific)
Example 1: EURUSD (Buy Position)
Long Swap: -6.5 USD
Lot Size: 1.0
Holding Days: 1 Day
-6.5 × 1.0 = -6.5 USD
👉 Paid $0.65 in 1 Day
Example 2: USDJPY (Sell Position)
Short Swap: +4.2 USD
Lot Size: 0.5
Holding Days: 1 Day
+4.2 × 0.5 = +2.1 USD
👉 Received $0.2 in 1 Day
Example 3: Crossing Wednesday (3 Days)
Normal Day: 1 Day
Wednesday Rollover: 3 Days
1-Day Swap × 3
👉 Note that even if the settlement is on Friday, the Wednesday portion will be tripled.
⑤ CFD Calculations (Gold, Index, etc.)
Gold (XAUUSD) Example
Swap (Long): -8.0 USD
Lot Size: 0.2
-8.0 x 0.2 = -1.6 USD
The same principle applies to indexes, crude oil, and cryptocurrencies, but
Contract sizes and display units vary, so be sure to check the product specifications.
Conditions for Maintaining Swap-Free
Here are the main conditions and points to note for maintaining Exness’ swap-free status from a practical perspective.
*Please note that the detailed rules are subject to change, so please check your Personal Area (PA) or product specifications for final confirmation.
Meet the eligibility requirements
Muslim residents: In principle, automatic application
Applications for religious reasons: Approved
→ If eligibility is removed, the swap will revert to standard.
Trade only eligible products
Major and minor forex, indices, cryptocurrencies, and precious metals are likely to be subject to the eligibility requirements.
Exotic currencies and some CFDs may not be eligible.
→ Check the product specifications to ensure Swap = 0.
Trading behavior is “normal” (Important)
Exness monitors trading patterns. The following increases the risk of termination:
Biased trading aimed solely at long-term overnight holdings
Using swaps arbitrage-style
Excessive lot sizes, frequency, and repetition in the same direction
Clearly trading solely for the purpose of avoiding swaps
→ Determination is both automatic and discretionary, and may be terminated without prior notice.
Account integrity
KYC (identity verification and address verification) completed
Compliance with terms and conditions (no abuse of multiple accounts, no self-dealing, etc.)
No fraud detection detected
The status is not “fixed”
Swap-free status is not guaranteed at all times
It will be reevaluated based on the transaction content and market conditions
→ After termination, normal swaps will occur for the relevant stock.
Tips for maintenance (in practice)
Incorporate intraday to short- to medium-term trading
Avoid long-term locks on the same stock and direction
Start with small lots and monitor behavior
Regularly check the stock specifications in PA/MT4/MT5
What if it’s terminated?
Details of the reasons for termination are often not disclosed individually.
Re-application may be permitted after improvements are made (though this is not guaranteed).
Exness Swap Point Accrual Timing
We will summarize when Exness swap points are incurred, in the following order: Key Points, Details, and Important Points.
Conclusion (Key Points)
When they occur: Upon rollover
Rollover time: 00:00 server time (7:00 AM Japan Standard Time / 6:00 AM Daylight Saving Time)
On Wednesdays, three days’ worth of swaps are credited/deducted at once.
As a general rule, rollovers do not occur in swap-free accounts (subject to applicable instruments and conditions).
1) What is rollover?
The moment when a position is rolled over from one trading day to the next.
At this moment, swaps (interest adjustments) are recorded for open positions.
2) Specific Times (Japan Standard Time)
Normal (Winter Time): 7:00 AM
Daylight Saving Time (DST): 6:00 AM
*Based on 00:00 AM Exness server time.
→ For example, a swap occurs when the time spans from 6:59 to 7:00 (5:59 to 6:00 during daylight saving time).
3) Why does Wednesday count as “3 days”?
Due to FX settlement practice (T+2), the Wednesday rollover adjusts the three days of Friday, Saturday, and Sunday together.
Wednesday rollover: 3x
Other days: 1 day
*Exceptions may occur when a holiday occurs (check the product specifications).
4) Conditions for occurrence
Occurs
Position held at the time of rollover
Does not occur
Settlement is completed before the rollover
Use a swap-free account and trade the applicable product
5) Does this differ between buying and selling?
Yes.
Swap Long (Buy) and Swap Short (Sell) are set separately.
Positive (Receive)/Negative (Pay) values vary based on the stock and market interest rate.
6) How to Check (MT4/MT5)
Right-click on the stock in the quote.
Specifications
Check Swap Long/Swap Short
→ The values displayed here will be applied at rollover.
7) Important Notes
Swaps may fluctuate daily.
Beware of triples on Wednesdays (unexpected increases or decreases).
Conditions vary by account type and stock.
Swap-free is not guaranteed at all times (reevaluated based on conditions and trading behavior).
Frequently Asked Questions About Exness Swap-Free
Below are frequently asked questions (FAQs) about Exness’ swap-free system, listed in order of most common questions. To make it easier for beginners to understand, we’ll explain in a conclusion-followed-by-additional format.
Q1. What is swap-free?
A. It is a system in which no swap (overnight interest) is charged even when holding a position over multiple days.
In standard FX, interest rates are adjusted upon rollover, but with swap-free, this is generally zero.
Q2. Can I use swap-free if I live in Japan?
A. In some cases.
Non-Muslim residents may be eligible for swap-free if they apply and are approved for religious reasons. However, it is not automatic.
Q3. Which account types are swap-free?
A. Many Exness account types are eligible, but eligibility depends on the account status.
Whether Standard, Pro, Raw Spread, Zero, etc. qualify for swap-free, eligible securities will have zero swap.
Q4. Are all stocks eligible for swap-free trading?
A. No. It depends on the stock.
Generally eligible:
Major and minor currency pairs
Stock indices
Crypto assets
Precious metals (e.g., XAUUSD)
Exotic currency pairs
Some stock CFDs
👉 Be sure to check “Swap = 0” in the “Product Specifications” in MT4/MT5.
Q5. Will the swap-free status be maintained forever?
A. No. It is not guaranteed.
Depending on trading behavior and account status, Exness may reevaluate and terminate the status.
Q6. Are there trading behaviors that are likely to result in termination?
A. Yes, the following increases the risk of termination:
Repeatedly holding long-term positions overnight
Trading with the clear purpose of avoiding swaps
Extreme lot sizes and frequency
Arbitrage-style trading
👉 A safe strategy is to mix natural buying and selling (short- to medium-term).
Q7. Will I receive a notification when the swap-free option is canceled?
A. In some cases, you won’t receive a notification.
It’s important to check regularly, as you may suddenly notice that your swap is no longer 0.
Q8. Are the trading conditions different for swap-free and standard accounts?
A. They are basically the same.
Spreads, execution power, leverage, etc. are the same as standard accounts; only the swap is different.
Q9. What happens to the “3-day swap” on Wednesdays?
A. If swap-free is enabled, it will not occur on Wednesdays.
Standard accounts will receive a 3-day swap with the Wednesday rollover, but if the stock is eligible for swap-free, it will remain 0.
Q10. How can I be sure it’s swap-free?
A. You can check this in MT4/MT5.
Right-click the stock in the quote.
“Specifications”
Check whether Swap Long / Swap Short is 0.
This is the most reliable method.
Open a Free Account
To trade swap-free, you’ll need to open an account. Opening an account with an operating company is free. Please refer to the article below for more information. Adjust your lot size based on your funds and circumstances. Depending on the financial market rate and timing, losses may occur. Please also check the FAQ and terms of use before using the service.
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