What a Position Costs to Keep Open (Ethiopia)

Minimum deposit applicable; may vary based on payment method or geographic location.

What matters once a trade stays open

• Most withdrawals are processed automatically, 24/7 — processing times may vary
• Low entry: open a Standard or Standard Cent account with no minimum initial deposit
• Raw spreads from 0.0 pips on the Raw Spread and Zero accounts
• Negative balance protection — losses are limited to the funds you deposit
• Swap-free (Islamic) accounts available
• MT4, MT5, the Exness Terminal web platform and the Exness Trade app
• USD-based accounts — practical for traders in Ethiopia

Processing times may vary depending on the chosen payment method.

Where the holding numbers live

Also: swap rates per lot per night, round-turn cost per lot, the margin and swap calculator and when the rollover falls.

Holding cost — the short version

The entry is billed once. Everything after the first rollover is billed again and again: a swap for each night the position survives, applied three times on that instrument’s triple-swap day so the weekend is settled in advance. The day is not the same everywhere — most currency pairs settle it midweek, a few a day later, index and crypto CFDs at the end of the week, and the energy contracts have no triple day at all. Margin is never deducted, but it stays reserved for the whole life of the trade. Per-lot night figures, read from Exness’s own MetaTrader 5 feed, are on the swap rates page with the date of the reading. CFDs carry a high risk of losing money rapidly due to leverage.

One night, one week, one month

What separates an intraday trade from a carried one is not the direction, it is the number of rollovers it survives. Opened and closed inside a session, a trade meets none. Opened on Monday and closed on Friday, it meets four, one of them at triple weight. A month of carrying is around twenty-two settlements, and on some instruments and directions they arrive as credits rather than charges.

This is why the same idea can work at one horizon and fail at another. The entry cost is fixed the moment the trade opens, while the holding cost grows in a straight line with nights. Reading a per-lot night figure the way a spread is read — as a number the move has to recover — puts the two on the same footing before anything is opened.

The triple day is not the same day everywhere

Three nights are settled at once on one day of the week, because a position carried through the weekend still accrues. The catch is that the day is set per instrument rather than across the board: most currency pairs settle it midweek, a few of them a day later, index and crypto CFDs at the end of the week, and the energy contracts carry no triple day at all. The swap rates table lists that day next to each instrument.

A plan built on the wrong day is not wrong by a rounding error. It is wrong by two extra nights on the leg that happens to sit across the settlement, which on a wide instrument is the difference between a hold that pays for itself and one that does not.

Margin is not a fee, it is money standing still

Margin is reserved rather than deducted. Nothing leaves the balance, but the reserved part backs this position and nothing else until it closes, which is a real constraint even though no charge has been made. How much is reserved follows the instrument, the volume and the leverage on the account, and the calculator works it out from the same contract specification the platform uses.

Free margin is what remains, and every later trade has to come out of it. Two positions of the same size held for the same week tie up the same balance regardless of how they end, so the question before a longer hold is not only what it might return, but what else that balance would have carried in the meantime. Negative balance protection limits losses to the funds deposited.

Reading a swap figure without guessing

A swap figure is quoted per standard lot per night and it carries a sign. On one direction of an instrument it is usually a charge; on the other it can be zero or a credit, and the two sides are rarely mirror images. Because the values follow market rates rather than a fixed schedule, they are worth checking on the day rather than remembered from last month.

Two habits keep the arithmetic honest: multiply the night figure by the nights actually planned rather than by calendar days, and count the triple day of that particular instrument. The measured per-lot values on this site are read from Exness’s own MetaTrader 5 feed and published with the date and time of the reading.

Swap-free (Islamic) accounts are available and remove the overnight interest component on eligible instruments. That changes this arithmetic rather than cancelling it — the spread, and the commission where the account charges one, are still billed at the entry.

Costing a position before it is opened

1. Fix the horizon first — closed today, held one night, or carried across a weekend. Every number below depends on that answer.
2. Count the entry once: the spread on the instrument, plus commission per side if the account charges one.
3. Look up the swap for that instrument and that direction on the swap rates page, along with the date the reading was taken.
4. Note the triple-swap day for that instrument specifically, then count how many of the planned nights fall on it.
5. Multiply out the nights, add the entry, and check in the calculator how much margin the volume reserves for the whole period.
6. Compare the total with the move the position needs to make. If the nights eat a visible share of the target, the horizon or the size is the thing to change, not the expectation.

Values move with the market; the measured figures on this site carry the date they were read. CFDs carry a high risk of losing money rapidly due to leverage.

The same trade at three horizons

Swap-free (Islamic) accounts remove the overnight interest component on eligible instruments.