Swap is never applied on instruments traded on Exness swap-free accounts. Swap-free accounts are automatically provided to Exness users residing in Islamic countries, while a conditional swap-free program exists for non-Islamic country residents.
Click the tab below to learn more about these swap-free account topics:
- Standard and extended swap-free
- Swap-free for Islamic countries
Standard and extended swap-free
Swap-free accounts are available at two levels to non-Islamic countries: standard or extended. The difference is the amount of trading instruments with zero swap. Extended swap-free is offered by default, with trading activity determining whether an account becomes standard or remains extended. To maintain extended swap-free status, you need to trade mostly within the day and hold a low amount of overnight positions.
Swap-free status applies to the entire Personal Area; in other words, all trading accounts and account types will have the swap-free status if your Exness account is swap-free.
Specific instruments are considered swap-free under standard and/or extended levels (see below); for all other trading instruments, swaps are applied. Check if an instrument is swap-free on the contract specifications page.
Standard swap-free
Standard swap-free will have no swap applied for orders open overnight for these instrument groups:
- Most cryptocurrencies (excludes BTC crosses: BTCXAU, BTCXAG, BTCTHB, BTCAUD, BTCCNH, BTCZAR, BTCJPY)
Extended swap-free
Extended swap-free includes standard swap-free instruments and additionally:
- Majors: AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY, USDTHB
- Minors: AUDNZD, EURCHF, GBPJPY, AUDCHF, AUDJPY, EURAUD, EURCAD, EURGBP, EURJPY, EURNZD, GBPCHF, GBPNZD, NZDJPY, NZDCAD
- Commodities: XAUUSD, USOIL
- All cryptocurrencies: (includes BTCXAU, BTCXAG, BTCTHB, BTCAUD, BTCZAR, BTCCNH, BTCJPY)
- All indices
Swaps are charged for all other metals, energies, minor pairs, exotic pairs and stocks.
Changing between swap-free levels
The swap-free level is determined by trading activity. By default, you start with extended swap-free. If you do not trade mostly during trading hours and hold a large amount of positions open overnight, you may be moved to standard swap-free.
Pay attention to notifications in your Personal Area (PA) for any imminent changes to your swap-free level. To confirm your swap-free level, log into your PA, click the Profile icon and select Trading Conditions.
Key information
Here are a few key points to keep in mind when using our swap-free program:
- Trading behavior is analyzed using an algorithm to ensure compliance on swap-free accounts as per the terms of the Client Agreement.
- To maintain extended swap-free, it is recommended to trade mostly during the day and minimize overnight orders.
- A notification is sent to your PA when the swap-free level may be changed from extended to standard swap-free.
Swap-free compliance
The company reserves the right to the following actions to ensure compliance on swap-free accounts:
- Cancel the swap-free status on all trading accounts.
- Once swap-free status is discontinued, swap charges will be applicable for open orders and orders opened in the future.
A notification will be shown to the PA should swap-free status be canceled.
Swap-free for Islamic countries
Exness accounts registered from Islamic countries are assigned swap-free status automatically. This swap-free status ensures that swap is never applied to orders open overnight. Swap-free status applies to the entire Exness account; in other words, all trading accounts and account types will have swap-free status if your Exness account is swap-free.
You can check your swap-free status in your Personal Area too. Click on Settings then Trading Conditions. Click on the arrow under the Swap-Free box to know more.
All trading instruments on these swap-free accounts are applied as zero, or no swap.
Swap-free status abuse
The company reserves the right to the following actions in the event of swap-free status abuse:
- Cancel the swap-free status on all trading accounts.
- Once swap-free status is discontinued, administration fees will be applicable for open orders and orders opened in the future.
A notification will be shown to the PA should swap-free status be canceled.
List of swap-free countries
- Algeria (DZ)
- Azerbaijan (AZ)
- Bahrain (BH)
- Bangladesh (BD)
- Brunei (BN)
- Chad (TD)
- Comoros (KM)
- Cote d’Ivoire (CI)
- Djibouti (DJ)
- Egypt (EG)
- Indonesia (ID)
- Jordan (JO)
- Kazakhstan (KZ)
- Kuwait (KW)
- Kyrgyzstan (KG)
- Lebanon (LB)
- Libya (LY)
- Maldives (MV)
- Mauritania (MR)
- Morocco (MA)
- Niger (NE)
- Oman (OM)
- Pakistan (PK)
- Qatar (QA)
- Saudi Arabia (SA)
- Senegal (SN)
- Tajikistan (TJ)
- Tunisia (TN)
- Turkiye (TR)
- Turkmenistan (TM)
- United Arab Emirates (AE)
- Uzbekistan (UZ)