In Forex trading, traders should know many important terms。Forex swaps are the most undervalued but also the most important because it affects your potential profit or loss。

What is a swap cost.？

Each country's fiat currency has a different interest rate, and interest rates often change at any time.。So, the reason why some interest rates are higher and some interest rates are lower。

For example, suppose the interest rate in Australia is 2% and the interest rate in the United States is 0.25%。Traders who want to trade the AUD / USD currency pair must pay or charge the interest rate difference between the two currencies, which is known as a swap。

Swaps can be long or short, depending on the type of position you open (buy or sell)。Swaps can also be positive or negative, so you can pay a fee or get a fee for holding an overnight position。

If a buy position is open overnight, the trader will pay interest based on the US dollar rate and receive interest based on the Australian dollar rate。

In other words, the trader will receive 2% (AUD rate) interest and pay 0.5% (USD rate) interest, so the trader will receive 1 per lot..5% swap。On the other hand, if a trader opens a sell position and holds it overnight, they will receive -1 per lot..5% of negative swaps。

When Exness Charges for Swaps？

The exact timing of the overnight interest charge to your live account depends on your broker。Most brokers charge overnight interest around midnight, but Exness charges overnight interest every day at 22: 00 GMT (except weekends) until the position is closed.。

It's worth noting that sometimes a swap fee is also charged for opening positions on weekends。At Exness, overnight interest is charged on Wednesday (or Friday (energy)) at 3x the rate to compensate for the cost of the following weekend, during which time overnight interest is not charged。

That is, if you hold overnight on the day you charge a weekend swap, you will get a swap that is 3 times larger than a normal swap。

Find swaps on Exness MetaTrader

If you trade using the MetaTrader trading terminal, you can check your swap amount at any time by following these steps:

1.Log into MetaTrader with your trading account。

2.Open View tab。

3.Open Market Watch。

4.Select a pair, right-click, and click "Specification"。

5.Scroll down to the "Swaps" section。

How to Calculate Swap Costs for Exness？

The calculation of swap fees can be quite complicated, depending on the broker you use。If you trade on Exness, you can easily see your swap amount on the trading platform。

Just open the platform, log in to your account, open the "Transactions" tab and view the swap amount on the left side of the screen。However, please note that this feature is only available for MetaTrader 4。

If you want to calculate the potential swap amount before opening a position, you can use the "Trader Calculator" on the broker's website, or you can calculate it manually using the following formula:

lots x contract size x points x swap short or swap long x days

Can swaps make money?？

As mentioned above, swaps can be both positive and negative, meaning that swaps allow you to pay interest or make money from the transaction。

In forex trading, there is actually a strategy that allows you to profit from swap trades, known as carry trades。

A carry trade is when you borrow a low interest rate currency and invest in a high interest rate currency。In the previous example, this is borrowing dollars and investing in Australian dollars。Since the strategy focuses on interest rate spreads, it is important to choose two currencies with large interest rate spreads。

Exness allows traders to make carry trades and there are no restrictions on doing so, making it possible for Exness customers to profit from swap spreads on their trading instruments。

However, it is worth noting that the strategy is not without risk, as unexpected market movements may wipe out the profits from collecting daily swaps.。As a result, carry trades are more suitable for large traders who prefer long-term positions。

Does Exness offer a swap fee-free account？

Exness is one of the brokers that offer Islamic swap-free accounts that do not charge foreign exchange swap fees for overnight positions.。

Swap-free accounts are automatically applied for and are only available to Muslim traders living in Islamic countries.。Because lenders are not allowed to charge interest under Sharia law, swaps are prohibited。

Keep in mind that if a customer is found to be abusing the no-swap status of their account, Exness may cancel the no-swap status of the account and begin charging swap fees for any outstanding orders and future orders opened。

---

The choice of broker will change according to the needs of each trader. If you only need the basic platform and the best trading functions, then Exness is the best choice。

Exness with its 0 only.Advantages such as the low point difference from 1 o'clock make up for its lack of functions, which is very suitable for scalping traders。Spreads for major currency pairs in some account types can also be as low as 0.0 point, depending on market conditions。

Not only that, traders can also enjoy other advantages such as automatic withdrawals。Exness will process most customer withdrawals immediately without manual inspection, but withdrawals may be limited depending on the payment method。

Exness is one of the STP / ECN brokers in Europe, and the safety of traders' funds is also guaranteed。Exness became the official partner of Real Madrid football team for 3 years from July 2017, which also proves the high stability of the company。

Exness supports deposits and withdrawals 24 hours a day, 7 days a week, but the company is not responsible for deposit and withdrawal problems due to payment system reasons.。

Exness does not charge traders any transaction fees, and certain payment methods may incur some fees。Exness offers traders a variety of payment methods, including wire transfers, bank cards, Neteller, Skrill and more。

Financial reports and metrics on the Exness website are audited quarterly by Deloitte, one of the world's top four accounting firms。In addition, it is one of the most transparent brokers in the online trading industry, and traders can find all the company's information on the website, such as trading volume, number of active customers, customer deposits, company funds, etc.。

Exness offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, web and mobile platforms, and traders can access them anytime, anywhere。

Over the years, Exness has developed into a broker that attracts traders, complying with financial regulations such as FCA and CySEC, further strengthening traders "trust.。

Trading volume, one of the measures of client confidence, reached $348.4 billion in monthly trading volume for its clients as of December 2018, with more than 50,342 active traders worldwide.。

Traders also have the opportunity to earn extra income by becoming a partner through multiple programs offered by Exness。By introducing the Broker (IB) program, partners can earn up to 33% spread commission from each new customer who signs up.。

In addition, you can get additional income from Exness Partners, and traders who register through the member link can get up to 25% spread commission per trade.。

Customers can also use their free VPS hosting service when dealing with Exness。VPS (Virtual Private Server) provides traders with higher reliability and stability, and can maintain their trading and expert advisors without interruption in the event of unexpected technical problems (such as Internet or power outages)。

In summary, Exness is a trader's favorite broker for its low spreads and flexible account types, ideal for traders with limited funds but need more opportunities to maximize profits, and is also known for its maximum support for new and old partners.。