Exness Swap Free Account: Features and Requirements

Exness offers a swap-free account option designed for traders who cannot pay or receive overnight interest due to religious beliefs or personal preference. This account type removes the daily swap charges that normally apply to positions held past the New York close. Instead of swaps, Exness applies a fixed commission per lot on certain instruments, creating a transparent cost structure that replaces the variable interest-rate differential.

The swap-free designation is often called an Islamic account in the industry, though Exness does not restrict it to Muslim clients. Any trader who meets the eligibility criteria can request the swap-free status. The broker reviews each request individually, and approval is not automatic. Once granted, the account operates without swap credits or debits on forex pairs, metals, energies, indices, stocks, and cryptocurrencies, though the exact instrument coverage depends on the account type selected.

What Is an Exness Swap Free Account

A swap-free account at Exness functions like a standard trading account in every respect except for the overnight financing mechanism. On a regular account, holding a position past 5:00 PM Eastern Time triggers a swap calculation based on the interest-rate differential between the two currencies in a forex pair, or the financing cost for CFDs on other asset classes. That swap can be positive or negative. On a swap-free account, the swap column in the trading terminal shows zero for all eligible instruments.

To compensate for the removed interest component, Exness charges a fixed commission per lot on swap-free accounts. The commission varies by instrument and account type. For example, major forex pairs on a Standard swap-free account might carry a commission of $3.5 per side per lot, while the same pairs on a Raw Spread swap-free account could have a different rate. The commission is applied at position opening and again at closing, making the total round-turn cost predictable regardless of how long the trade stays open.

This structure benefits traders who hold positions for days or weeks. On a standard account, a negative swap accumulates daily and can erode profits on long-term trades. On a swap-free account, the cost is fixed at entry, so a position held for 30 days costs the same in commissions as one held for two days. The trade-off is that short-term traders who close positions within the same session may pay more in commissions than they would have paid in swaps on a standard account.

The swap-free status applies at the account level, not the position level. Once an account is designated swap-free, all eligible trades on that account follow the commission-based model. Traders cannot mix swap-free and swap-charging positions on the same account. If a trader wants both structures, they must open separate accounts under the same Personal Area.

Who Can Open a Swap Free Account

Exness does not limit swap-free accounts to clients of a specific religion. The broker's policy allows any verified client to request the status. The request is submitted through the Personal Area after the account is created. Exness compliance reviews the application and may ask for additional information. Approval typically takes one to three business days.

Clients must complete full identity verification before requesting swap-free status. This includes a valid government-issued ID and proof of address. The account must also be funded with at least the minimum deposit required for the chosen account type. Exness reserves the right to deny swap-free status if it suspects the request is motivated by arbitrage or abuse of the commission structure rather than genuine need.

• Complete KYC verification (ID and address proof)
• Open a live trading account (Standard, Pro, Raw Spread, or Zero)
• Fund the account with the minimum required deposit
• Submit swap-free request via Personal Area
• Wait for compliance review and approval
• Receive confirmation email once status is active

Once approved, the swap-free status remains active unless Exness detects activity that violates the terms. Prohibited behavior includes opening offsetting positions on swap-free and standard accounts to capture positive swaps on one side while avoiding negative swaps on the other. Such hedging across account types can lead to revocation of swap-free status and potential account restrictions.

Trading Conditions on Swap Free Accounts

Spreads, leverage, margin requirements, and execution quality remain identical between swap-free and standard versions of the same account type. A Standard swap-free account offers the same floating spreads starting from 0.3 pips on EURUSD as a regular Standard account. A Raw Spread swap-free account maintains the same near-zero spreads with a separate commission schedule. The only structural difference is the replacement of variable swaps with fixed per-lot commissions.

Maximum leverage on swap-free accounts follows the same dynamic leverage rules as standard accounts. Exness offers unlimited leverage for accounts with equity below $1,000, scaling down to 1:2000 at higher equity tiers. Margin calls and stop-out levels are unchanged at 60% and 0% respectively. Traders should note that while swaps are removed, the margin required to hold positions overnight is the same, and adverse price moves can still trigger stop-outs.

Scroll horizontally to see all columns

The Zero account swap-free variant is unique. It charges zero commission on forex and metals, but spreads are wider than Raw Spread. The broker absorbs the financing cost into the spread markup. This can be cheaper for very small positions but more expensive for larger volume. Traders should calculate total cost based on their typical trade size and holding period.

Fixed commissions replace variable swaps. For long-term positions, this is often cheaper. For scalpers, it usually costs more.

Available Instruments and Markets

Swap-free status covers all instruments offered on the selected account type. This includes over 100 forex pairs, major and minor, plus spot metals (gold, silver, platinum, palladium), energies (US crude, UK crude, natural gas), indices (US30, US500, USTEC, GER40, UK100, JP225), stocks (large-cap US and EU equities), and cryptocurrencies (BTC, ETH, LTC, XRP, BCH, ADA, DOT, LINK, UNI, and more). The exact list varies by account type; Pro and Raw Spread accounts offer the broadest coverage.

Cryptocurrency CFDs on swap-free accounts deserve special attention. Crypto markets operate 24/7, so the concept of an overnight swap is less defined. Exness applies a daily funding fee on standard crypto positions. On swap-free accounts, this fee is replaced by the per-lot commission. Because crypto volatility is high, the fixed commission can be significantly lower than the accumulated funding fees on a standard account over a multi-week hold.

• Forex: 100+ pairs including majors, minors, exotics
• Metals: XAUUSD, XAGUSD, XPTUSD, XPDUSD
• Energies: USOIL, UKOIL, NGAS
• Indices: 15+ global index CFDs
• Stocks: 100+ large-cap shares
• Cryptocurrencies: 20+ major coins and tokens

Some exotic forex pairs and less liquid stocks may not be available on swap-free accounts due to hedging constraints on the broker side. The instrument specification page in the Personal Area shows a swap-free badge next to each eligible symbol. Traders should verify availability before building a strategy around a specific market.

The Exness Trade app and web terminal both display swap-free commissions in the instrument details panel. On MT4 and MT5, the Market Watch window shows zero swap values for swap-free accounts, and the commission appears in the trade history as a separate line item. This transparency helps traders track total costs accurately.

How to Open a Swap Free Account

Opening a swap-free account starts with registering a Personal Area on the Exness website or mobile app. The registration requires an email address and password. After email verification, the client completes the economic profile questionnaire and uploads identity documents. Once KYC is approved, the client can create a live trading account from the Personal Area dashboard.

During account creation, the client selects the account type (Standard, Standard Cent, Pro, Raw Spread, or Zero) and base currency. The swap-free option is not a separate account type; it is a status applied to an existing account type. After the account is created and funded, the client navigates to the account settings and submits the swap-free request. The compliance team reviews and activates the status.

• Register Personal Area with email and password
• Complete economic profile and risk questionnaire
• Upload ID and proof of address for KYC
• Wait for verification approval (usually under 24 hours)
• Create live trading account: choose type and currency
• Deposit minimum required amount for chosen type
• Open account settings and request swap-free status
• Receive confirmation once compliance approves

Minimum deposits vary by account type. Standard and Standard Cent accounts require $1. Pro accounts need $200. Raw Spread and Zero accounts require $500. These minimums apply regardless of swap-free status. Traders should choose the account type that matches their volume and cost preferences before requesting swap-free conversion.

Swap Free vs Standard Account Comparison

The decision between swap-free and standard accounts depends on holding period, trade frequency, and instrument selection. A trader who holds EURUSD long for 30 days on a standard account pays the daily swap rate multiplied by 30. If the swap is -$8 per lot per day, that totals -$240 per lot. On a Standard swap-free account, the round-turn commission is $7 per lot. The swap-free account saves $233 per lot in this scenario.

Conversely, a day trader who opens and closes 10 EURUSD lots within the same session pays zero swaps on a standard account but $70 in commissions on a swap-free Standard account. The standard account is cheaper for intraday strategies. The crossover point depends on the specific instrument's swap rate and the account's commission schedule.

Scroll horizontally to see all columns

The table shows that swap-free accounts eliminate the negative carry but introduce a fixed commission. For positive-swap positions (earning interest), a standard account generates income while a swap-free account still charges commission. Traders who regularly capture positive swaps on certain pairs may prefer standard accounts for those specific instruments.

If you earn swaps on standard, swap-free costs you. If you pay swaps, swap-free saves you. Do the math per pair.

Platforms Supporting Swap Free Trading

All Exness trading platforms support swap-free accounts without limitation. The Exness Trade mobile app, web terminal, MT4, and MT5 desktop and mobile versions all display zero swaps and apply the correct commissions automatically. No platform-specific configuration is required beyond logging in with swap-free account credentials.

The Exness web terminal offers a streamlined interface for swap-free traders. The instrument panel shows the per-lot commission directly, and the order ticket calculates the total commission before confirmation. MT4 and MT5 display commission in the trade history tab and in the terminal's account history report. Expert Advisors and custom indicators function normally; they simply read zero swap values from the server.

• Exness Trade app (iOS and Android)
• Exness Web Terminal (browser-based)
• MetaTrader 4 (Windows, macOS, Linux, mobile)
• MetaTrader 5 (Windows, macOS, Linux, mobile)
• Exness MT4 Multiterminal (for multi-account management)

VPS hosting provided by Exness works seamlessly with swap-free accounts. The VPS runs MT4 or MT5 continuously, allowing EAs to manage positions without interruption. Since swap-free costs are fixed commissions, EAs do not need to account for variable swap accumulation in their risk calculations, simplifying strategy logic for long-term automated systems.

Social trading and copy trading features also support swap-free accounts. When a swap-free account copies a strategy provider, the copied trades inherit the swap-free commission structure. The provider's swap charges do not transfer to the copier. This means a copier on a swap-free account can follow a provider on a standard account without inheriting negative swaps.

Fees and Commissions on Swap Free Accounts

Beyond the per-lot commission that replaces swaps, swap-free accounts incur the same fees as standard accounts. Deposits are free for most methods. Withdrawals are free for most methods, though some third-party processors may charge their own fees. Inactivity fees apply after 180 days of no trading activity: $10 per month deducted from the account balance. The fee stops when trading resumes or balance reaches zero.

Conversion fees apply when the deposit currency differs from the account base currency. Exness uses the current market rate with a small markup. Traders can avoid conversion fees by choosing an account base currency that matches their funding method. The swap-free commission is always charged in the account base currency, regardless of the instrument traded.

Scroll horizontally to see all columns

Traders should monitor the inactivity fee if they plan to hold positions for very long periods without opening new trades. An open position counts as activity, so the fee only triggers on completely dormant accounts. The commission schedule for each instrument is published in the contract specifications section of the Exness website and in the trading platform's symbol properties.

Risk Management Considerations

Removing swaps changes the risk profile of long-term positions. On a standard account, a negative swap acts as a daily drag that reduces equity gradually. Traders often factor this into position sizing and stop-loss placement. On a swap-free account, the equity curve is smoother because the cost is paid upfront. However, the upfront commission reduces available margin immediately, which can affect position sizing on small accounts.

For example, opening a 10-lot EURUSD position on a Raw Spread swap-free account with $500 equity incurs a $35 commission at entry (10 lots × $3.5). That $35 is deducted from free margin immediately. On a standard account, the same position costs $0.5 in spread at entry, and swaps accumulate daily. The swap-free trader must ensure sufficient free margin to absorb the commission without triggering a margin call on normal market fluctuations.

• Commission reduces free margin at position open
• No daily swap drag simplifies equity projection
• Stop-loss distance unchanged by account type
• Margin call and stop-out levels identical
• Hedging across account types prohibited

Traders using grid or martingale strategies should be especially careful. These strategies open multiple positions in the same direction, multiplying the commission cost. A grid of 20 positions at 0.1 lots each on a Standard swap-free account incurs $14 in commissions per grid level (20 × 0.1 × $7). Ten grid levels cost $140 upfront. The same grid on a standard account pays spreads only at entry, with swaps accumulating later. The total cost profile differs significantly.

Fixed upfront cost beats variable daily cost for planning, but it demands more free margin at the start.

Tax and Regulatory Notes

Swap-free accounts do not change the tax treatment of trading profits or losses. In most jurisdictions, forex and CFD gains are taxed as capital gains or ordinary income regardless of account type. The commission paid on swap-free accounts is a trading expense and may be deductible against trading income, depending on local tax rules. Traders should consult a qualified tax advisor for their specific situation.

Regulatory oversight is identical for swap-free and standard accounts. Exness entities are regulated by FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), and CBCS (Curaçao). The swap-free feature is offered across all regulated entities where permitted. Some jurisdictions may restrict swap-free accounts to clients who declare religious objection to interest. Exness compliance handles these variations internally.

Client fund segregation, negative balance protection, and investor compensation schemes apply equally. The swap-free designation does not affect the regulatory perimeter or the protections afforded to the client. Dispute resolution through the Financial Commission or relevant ombudsman remains available.

Common Questions About Swap Free Accounts

Traders often ask whether they can switch an existing standard account to swap-free. The answer is yes, but only if the account has no open positions. The request is submitted through the Personal Area, and compliance reviews it. If approved, the account converts at the next daily rollover. Any pending orders are cancelled during conversion. Traders should close or manage positions before requesting the switch.

Another frequent question concerns swap-free status on demo accounts. Exness does not offer swap-free demo accounts. The commission structure and swap-free logic are only available on live accounts. Traders who want to test swap-free conditions can open a live Standard Cent account with a small deposit ($1 minimum) and request swap-free status. This provides real-market conditions with minimal capital at risk.

Some traders wonder if swap-free accounts have wider spreads. They do not. Spreads are identical to the standard version of the same account type. The cost difference is entirely in the commission-versus-swap mechanism. Exness does not widen spreads to compensate for removed swaps; the commission is a separate, transparent line item.

Final Assessment of Exness Swap Free Account

The Exness swap-free account delivers what it promises: removal of overnight interest charges in exchange for fixed per-lot commissions. For traders who hold positions beyond the daily rollover, especially on pairs with negative swaps, the cost savings can be substantial. A 30-day hold on EURUSD with a -$8 daily swap costs $240 in swaps versus $7 in commission on a Standard swap-free account. The math strongly favors swap-free for swing and position traders.

Day traders and scalpers should stick with standard accounts. The commission on every round turn adds up quickly when trading frequency is high. A trader executing 20 round turns per day on EURUSD pays $140 in commissions on a Standard swap-free account versus zero swaps on a standard account. The crossover point varies by instrument and account type, but generally falls around 3-5 days of holding.

The approval process is straightforward for verified clients. Exness does not impose religious tests or require documentation beyond standard KYC. The status is granted per account, allowing traders to maintain both swap-free and standard accounts for different strategies. The prohibition on cross-account hedging is reasonable and clearly stated.

Platform support is comprehensive. Whether using the Exness Trade app, web terminal, MT4, or MT5, the swap-free experience is consistent. Commissions appear transparently in history and reports. VPS and copy trading work without modification. The only gap is the lack of a swap-free demo, but the low minimum on Standard Cent accounts makes live testing accessible.

Overall, the Exness swap-free account is a well-implemented feature that serves its intended purpose without hidden drawbacks. Traders who understand their holding patterns and calculate the crossover point can make an informed choice. For long-term forex, metals, and crypto positions, it is often the cheaper option. For high-frequency intraday trading, it is not.