What are the current swap rates of XS? Table of Contents
- Swap Rate Meaning in Forex
- When XS Applies Swap
- Swap Long and Swap Short at XS
- The Weekly Triple Swap at XS
- What this means in real trading terms
- Why Swap Rates Change
- How to Think About Swap in Forex Strategy
- Intraday Forex trading
- Swing trading and position trading
- Carry trading
- XS Swap Policy in Simple Terms
- Swap-Free Accounts at XS
- Core statement from XS about charges
- Swap-free is tied to a grace-period system
- XS Swap-Free Grace Period Details
- FX majors (special swap-free table)
- Metals (special swap-free table)
- Energy (special swap-free table)
- Indices (special swap-free table)
- Crypto (special swap-free table)
- Extra notes attached to the table
- How XS Explains the Countdown Logic
- XS Swap Calculator
- How to Open XS Swap-Free Account
- What an XS swap-free account is in Forex trading
- Who gets XS swap-free status automatically
- Normal swap-free accounts for Islamic-country residents
- Special swap-free accounts for selective non-Islamic countries
- How XS swap-free accounts are priced and structured
- Step-by-step process to open an XS swap-free account
- Create your XS profile
- Complete the XS verification flow
- Prepare the verification documents XS requires
- How fast verification is processed
- Ensure your account is designated as swap-free
- Open your live trading account under the swap-free profile
- Funding your XS account to start Forex trading
- Trading rules that matter after your swap-free account is active
- Swap-free status applies across account types and platforms
- Grace periods and instrument rules exist
- No extra charges stated by XS for swap-free
If you hold a Forex trade past the broker’s daily cutoff, a financing adjustment is applied to your account. At XS, this adjustment is called a swap rate (also referred to as rollover). It can be a credit or a debit, depending on the instrument you trade and whether you are buying (long) or selling (short).
Swap Rate Meaning in Forex
A swap is the amount added to, or subtracted from, your trading account for keeping a position open overnight. At XS, swaps are applied only when a position remains open into the next trading day at the daily rollover time.
In Forex trading, swaps are linked to the interest-rate differential between the two currencies in the pair and the direction of your position (long or short). When you hold a currency pair overnight, you are effectively holding one currency and borrowing the other, so the overnight financing reflects that structure. XS describes swap determination using the overnight interest-rate differential, trade direction, and market conditions.
The important point is that swap is not a random “fee.” It is a financing adjustment that can move either way:
- You may pay swap (a debit).
- You may receive swap (a credit).
XS explicitly states that positions held at rollover generate a credit or debit that appears on the account.
When XS Applies Swap
XS applies swap at 23:59 server time. Any position still open at that time is subject to rollover.
XS also gives a practical timing example that highlights how close-to-cutoff execution can change swap exposure:
- A position opened at 00:00 server time does not get rollover until the next day.
- A position opened at 23:58 server time experiences rollover at 23:59 server time.
Swap Long and Swap Short at XS
In XS contract specifications, swap is split into two values:
- Swap long: the swap used for keeping buy positions open overnight.
- Swap short: the swap used for keeping sell positions open overnight.
These two values are often different because the financing mechanics differ for long vs short positions. XS states that swaps occur at 23:59 server time each day (excluding the weekend) until the position is closed.
So when someone asks, “What are the swap rates at XS?” the most accurate answer is:
- XS defines swap rates per instrument as swap long and swap short, applied at 23:59 server time, with weekly triple adjustments depending on the market.
The Weekly Triple Swap at XS
Markets are typically closed on Saturday and Sunday, but financing is still accounted for across the weekend. XS explains that banks still calculate interest over the weekend, so XS applies a 3-day rollover on specific weekdays depending on the market category.
XS states the triple swap schedule like this:
- Forex and metals: a 3-day rollover is applied on Wednesdays.
- Indices, energies, cryptos, and stocks: a 3-day rollover is applied on Fridays.
XS also summarizes the concept in its contract specifications: triple swaps are charged on Wednesdays or Fridays to cover weekend financing costs.
What this means in real trading terms
If you hold a Forex position across the “triple” rollover day, the swap applied at that rollover is multiplied to account for the weekend financing component. That single rollover is often the biggest swap impact of the week for swing traders.
Why Swap Rates Change
XS defines swap in relation to interest-rate differentials and market conditions, which implies that swap values can change as financing conditions change.
Even if you trade the same Forex pair, swap long and swap short can move over time because the underlying financing inputs can change (for example, changes in market pricing of funding, spreads in short-term rates, or adjustments in liquidity conditions). The practical takeaway is that swap is a living cost component, not a fixed “commission.”
What remains fixed in the XS structure is how and when swap is applied: at rollover time, as a long/short value, with weekly triple application depending on market type.
How to Think About Swap in Forex Strategy
Swap matters more for some styles than others.
Intraday Forex trading
If you open and close trades before rollover, swap does not apply because the position is not held into the next trading day at the cutoff. XS ties swap directly to holding positions overnight through rollover time.
Swing trading and position trading
If you hold trades overnight, swap becomes part of your ongoing trade cost (or income). With swing trades, the weekly triple day can create a noticeable one-time adjustment.
Carry trading
A carry-style approach focuses on pairs where one direction tends to receive positive financing over time (a credit). Whether a carry is meaningful depends on:
- the pair,
- the direction (long vs short),
- the current swap values applied by the broker.
At XS, the long/short split is explicit in the contract specifications concept.
XS Swap Policy in Simple Terms
XS describes its policy clearly:
- XS debits or credits client accounts for positions held open after the daily rollover time.
- The rollover time is 23:59 server time.
- Each position open at that time creates a credit or debit entry.
That is the operational definition of XS swaps. You do not need special trading activity for swap to happen. It is automatic whenever a position crosses the rollover boundary.
Swap-Free Accounts at XS
XS also offers swap-free accounts (often described as Islamic accounts). XS explains that swap-free accounts are designed for traders who cannot participate in swap/interest transactions due to religious beliefs, and these accounts are structured so traders neither pay nor receive interest on overnight positions.
Core statement from XS about charges
XS states that, unlike brokers that may widen spreads or impose other extra fees for swap-free conditions, XS imposes no additional charges on swap-free accounts.
Swap-free is tied to a grace-period system
XS states that swap-free accounts keep the same trading terms as regular accounts, with the key difference being the absence of swaps during a swap-free grace period, and that the grace period can vary by instrument.
XS Swap-Free Grace Period Details
XS provides a grace-period table for “special swap-free accounts” (for selective non-Muslim countries) with grace periods by asset class and symbol group.
From the table shown on the XS swap-free accounts page:
FX majors (special swap-free table)
- EURUSD and GBPUSD: 10 days grace period
- USDJPY, AUDUSD, NZDUSD, USDCAD, USDCHF: 2 days grace period
Metals (special swap-free table)
- XAUUSD: 5 days
- XAUEUR: 2 days
- XAGUSD: 2 days
Energy (special swap-free table)
- UKOIL and USOIL: 2 days
Indices (special swap-free table)
- JP225, US30, US100, US500: 1 day
Crypto (special swap-free table)
- All crypto pairs: 2 days
Extra notes attached to the table
XS adds notes about triple application:
- “Wednesday triple charge will always be applied”
- “Friday triple charge will always be applied”
In addition, in the same swap-free section XS states: “All Crypto pairs on swap-free accounts include a 3-day swap grace period. Standard overnight swap charges apply after this period.”
How XS Explains the Countdown Logic
XS provides examples illustrating how grace days are counted around rollover time and non-trading days. For example, XS shows that a position opened before rollover can count grace days across the next sessions and that weekend market closure affects when swaps are applied. XS also explicitly states “No Swaps on Saturday and Sunday” in its examples.
XS further shows a scenario where a position becomes swap-enabled on a rollover that has the weekly triple application, stating that “the applied swap will be x3 because it is a Wednesday.”
So the logic XS publishes is:
- The rollover boundary is the key timestamp.
- Grace periods are counted in trading-day steps tied to rollover.
- Weekly triple rollover rules can still apply when the swap begins.
XS Swap Calculator
XS also provides a Swap Calculator that estimates overnight swap credit or debit for Forex positions based on:
- selected instrument,
- account currency,
- trade size.
XS states in its calculator FAQs that it estimates swap per night and that long and short swaps can differ due to interest-rate differential or financing costs.
XS also states that the calculator currently supports Forex only (not metals or indices) and that the displayed calculator output is indicative and can vary based on real-time conditions and specifications.
- XS applies swap at 23:59 server time to positions held open into the next trading day.
- XS expresses swap per instrument as swap long (buy) and swap short (sell).
- XS applies a weekly 3-day rollover to account for weekend financing:
- Forex/metals: on Wednesdays
- Indices/energies/crypto/stocks: on Fridays
- Swap-free accounts at XS are structured around swap-free treatment and a published grace period concept, with asset-specific rules and stated grace periods on the XS swap-free accounts page.
- XS states it does not replace swap with extra fees or spread widening for swap-free accounts.
XS swap rates are the overnight financing credits or debits applied to open positions that remain active at the daily rollover cutoff. At XS, rollover occurs at 23:59 server time, swaps are defined as swap long and swap short, and a weekly triple rollover is applied based on market category—Forex/metals on Wednesdays, and indices/energies/crypto/stocks on Fridays.
For traders focused on Forex, swaps are a real trading cost component (or income component) that becomes central as soon as positions are held overnight, especially around the weekly triple rollover session. Swap-free account conditions at XS are presented with a grace-period structure and asset-specific rules, including published grace-period examples and symbol groups on XS’s swap-free account page.
How to Open XS Swap-Free Account
What an XS swap-free account is in Forex trading
A swap-free trading account is built for traders who cannot participate in swap or interest-based overnight financing due to religious beliefs. On a standard Forex account, holding positions overnight can create a swap credit or swap debit. On an XS swap-free account, overnight positions are structured so the account is free from swap or rollover fees during the applicable swap-free conditions, meaning the trader does not pay or receive interest on overnight positions in that swap-free setup.
XS states that swap-free status is available across its account types on MetaTrader 4 and MetaTrader 5, and that once an XS account is designated swap-free, the swap-free status extends across the trading accounts and account types under that profile.
XS also sets swap-free handling through a grace-period structure for certain cases and instruments, with instrument-dependent rules. For crypto pairs under swap-free status, XS states there is a swap-free grace period and that standard overnight swap charges apply after that period.
Who gets XS swap-free status automatically
XS describes two pathways for swap-free access:
Normal swap-free accounts for Islamic-country residents
XS states that normal swap-free accounts are automatically provided to clients residing in specific Islamic countries. The list published by XS includes: United Arab Emirates, Algeria, Bahrain, Egypt, Jordan, Kuwait, Libya, Lebanon, South Sudan, Djibouti, Pakistan, Tunisia, Saudi Arabia, Qatar, Oman, Morocco, Türkiye, and Iraq.
If your residency matches this automatic eligibility set, the swap-free status is applied as part of the account setup on the XS side once your profile is established.
Special swap-free accounts for selective non-Islamic countries
XS also states that special swap-free accounts are automatically provided to clients residing in some selective non-Islamic countries and/or may be provided upon request to selective clients residing in non-Islamic countries, with eligibility handled through account management.
This means the swap-free account opening flow is still the same core process (registration + verification), but the swap-free designation is applied through the eligibility logic XS describes.
How XS swap-free accounts are priced and structured
A common concern in Forex is whether “swap-free” simply moves the cost somewhere else. XS states that it does not substitute swaps by widening spreads or imposing additional fees, and that it imposes no additional charges on swap-free accounts.
XS also states that swap-free accounts maintain the same trading conditions and terms as regular accounts, with the sole difference being the absence of swaps during the swap-free grace period (where that structure applies) and that the grace period can vary by instrument.
Step-by-step process to open an XS swap-free account
Create your XS profile
XS describes account creation as starting from the XS website by selecting the Register option and completing the registration page details, including name, email address, country of residence, and phone number, then following the on-screen instructions to complete account creation.
From a swap-free perspective, the two most important data points here are:
- your country of residence (because it drives the automatic swap-free pathway for Islamic countries and the handling of special swap-free pathways),
- your contact details (because XS verification and account status updates are delivered through your registered profile communications).
Complete the XS verification flow
XS defines its account verification process with a clear sequence:
- register,
- verify your email address,
- complete the application form (questionnaire),
- submit required KYC documents, including Proof of Identity and Proof of Residence.
This verification step is not “optional admin.” It is the core compliance step that activates full account functionality for Forex trading workflows, including funding and live trading account usage.
Prepare the verification documents XS requires
XS states that verification requires Proof of Identity (POI) and Proof of Residence (POR). XS describes POI requirements as a valid, color identity document that clearly shows full name, date of birth, and expiry/issue date, with all four edges visible, and issued by a governmental body or recognized institution. XS describes POR requirements as a full-page document clearly showing the full name and residential address. XS also states the documents should be clear, show all four edges, and that the residence document must be recent within a stated window.
XS also states that if verification is delayed, document clarity and completeness are the key points: high-resolution color images and visible required fields.
How fast verification is processed
XS states that once the required documents are provided correctly, verification is communicated by email within minutes.
XS also states you will receive an email confirming verification and that the status is shown in the member area under the profile section once verification is successful.
Ensure your account is designated as swap-free
This is the point that turns a standard live setup into a swap-free setup.
XS states:
- swap-free accounts exist and are intended for traders who cannot engage in interest-based transactions,
- normal swap-free is automatically provided for residents of listed Islamic countries,
- special swap-free may be provided automatically in selective non-Islamic countries and/or may be provided upon request for selective clients in non-Islamic countries, with eligibility handled through account management.
If your profile falls into the automatic pathway, the swap-free designation is applied based on the residency rules XS publishes. If your profile falls under a request-based pathway, the swap-free designation is handled through the account-management process XS describes for special swap-free access.
XS provides official support channels for account requests and assistance, including email and live chat.
Open your live trading account under the swap-free profile
After your XS profile is set up and verified, you create trading accounts for platform access.
XS publishes that swap-free status is applicable across all account types on MT4 and MT5, and that once your XS account is designated swap-free, all your trading accounts and account types enjoy swap-free status.
This means the practical workflow is:
- choose your trading platform (MT4 or MT5),
- open the account type you want under your verified profile,
- the swap-free status applies across those accounts once your profile is designated swap-free.
One operational rule XS states is that account types are not changed by “upgrading” or “downgrading.” XS states changes to account type are not allowed; instead, you open a new trading account using your preferred account type. XS also states you can open up to a stated number of new live accounts for each account type per platform.
Funding your XS account to start Forex trading
Once your profile is verified and your trading account is ready, you fund the account to trade.
XS states that deposits can be made through several accepted methods, including bank transfers, Visa & MasterCard, Skrill, and Neteller, with method-specific processing times and deposit limits.
Because the swap-free status is an account designation (profile-wide) and not a separate “product you buy,” the funding step is the same as for any other live Forex account, and the swap-free rules then apply to positions held under the swap-free status conditions described by XS.
Trading rules that matter after your swap-free account is active
Opening the swap-free account is only part of the story. For correct Forex planning, you also need to understand how XS structures swap-free behavior once you place trades.
Swap-free status applies across account types and platforms
XS states swap-free is available for all account types on MT4 and MT5, and that once the profile is designated swap-free, the status is uniform across the trading accounts and account types.
Grace periods and instrument rules exist
XS states that swap-free accounts maintain the same trading conditions and terms as regular accounts, with the difference being the absence of swaps during the swap-free grace period, which can vary by instrument.
XS also states that crypto pairs on swap-free accounts include a grace period and that standard overnight swap charges apply after that period.
For Forex planning, this means swap-free is not described as a single flat rule that ignores instrument structure. It is applied through the swap-free status logic and the instrument conditions XS publishes.
No extra charges stated by XS for swap-free
XS explicitly states it does not impose additional charges on swap-free accounts and does not substitute swap by widening spreads or adding extra fees.
- Create your XS profile with your correct residency information.
- Complete verification: email verification, questionnaire, POI and POR submission.
- Your profile is designated swap-free automatically if you reside in the Islamic-country list XS publishes; otherwise the special swap-free pathway is handled through account management as described by XS.
- Open your MT4 or MT5 trading account(s) under that profile; swap-free status applies across account types once your profile is designated swap-free.
- Deposit using one of XS’s accepted funding methods and begin Forex trading.
An XS swap-free account is opened by completing the standard XS registration and verification process, then having your XS profile designated as swap-free through the automatic residency pathway for listed Islamic countries or through the special swap-free pathway that XS states may be provided automatically in selective non-Islamic countries and/or upon request for selective clients. Once designated, swap-free status applies across your trading accounts and account types on MT4 and MT5, and XS states it does not add extra charges or widen spreads as a substitute for swap.
Updated by FXBonus
Please check XS official website or contact the customer support with regard to the latest information and more accurate details.
Please click "Introduction of XS", if you want to know the details and the company information of XS.
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