What is the Leverage, Swaps and Commissions?

Leverage

We provide the corresponding leverage for the trading account below.

During times of high market volatility Earnex Prime may, at its discretion, reduce the leverage offered on all or some of the tradable instruments

Commissions

How Are Trading Commissions Calculated?

Trading commissions are calculated based on the volume traded. A commission of $6 is charged per standard lot (equivalent to 100,000 units of the base currency).

 When Are Trading Commissions Applied?

Commissions are applied at the time of trade execution. This means you will be charged a commission when a position is opened. 

Are There Any Additional Fees Apart from Commissions?

Yes, in addition to trading commissions, you may also incur the following standard trading costs:

• Spreads: The difference between the bid and ask price of an instrument.

• Swap Fees: Also known as overnight financing charges, these are applied to positions held open past the daily rollover time.

These fees vary depending on the financial instrument being traded and prevailing market conditions.

Swap and Triple Swap Explained

A swap reflects the difference in interest rates between the two currencies in a currency pair. When a position is held overnight, this rate difference is either credited or debited to the trader’s account, depending on the direction of the trade and the interest rate differential.

You're trading the GBP/JPY currency pair.

• GBP interest rate: 5.25%
• JPY interest rate: 0.10%

Scenario:

You go long (buy) GBP/JPY — you're buying GBP (high interest) and selling JPY (low interest).

• You’re earning more interest on GBP and paying less on JPY.
• Result: ✅ You receive a positive swap, a small credit for holding the trade overnight.

Now, if you went short (sell) GBP/JPY, you would be:

• Paying high interest (GBP) and earning very little (JPY).
• Result: ❌ You pay a negative swap.

A triple swap is applied on a specific day of the week—typically Wednesday—to account for the interest accrued over the weekend when the market is closed. This ensures that traders are charged or credited for the additional days even though no trading takes place.

Let’s say you buy EUR/JPY and hold the position overnight from Wednesday to Thursday.

Normally, a swap is charged once per night, but:

• • On Wednesday, you get charged 3x the normal swap (for Wed, Sat, Sun).

  • This covers interest for the weekend, since no trading occurs on Saturday and Sunday.

So if the regular swap is -$2 per lot, On Wednesday, it becomes -$6 per lot.

The rollover period occurs at the end of each trading day GMT+2 (or GMT+3 during Daylight Saving Time) when positions are carried over to the next day. During this time, any applicable swap charges are calculated and applied to open positions. 

• You’re holding a trade at 22:58 MT5 Server Time (GMT+2) — right before the daily market reset at 23:00 Server Time (which is when rollover occurs). If your trade is still open past 23:00, it gets rolled over into the next trading day.
• This is when the swap fee is applied (positive or negative, depending on the trade and interest rate differential).
• If you close the trade before 23:00 Server Time, no swap is applied.