Understanding Exness Fees for Traders in India

What You’ll Actually Pay When Trading with Exness

Look, I’ll be straight with you – understanding trading fees can feel overwhelming at first. When I started looking into Exness, I spent hours trying to figure out exactly what I’d be paying. The good news? Our platform is pretty transparent about costs, and honestly, the fee structure is more straightforward than many other brokers I’ve researched.

Let me walk you through everything you need to know about fees on our platform. From spreads to overnight charges, I’ll break down what each cost means and – more importantly – how it affects your actual trading.

Spread Costs: Your Main Trading Expense

The spread is basically the difference between the buying and selling price of any currency pair. It’s our primary way of making money, which means it’s your main cost when trading.

How Our Spreads Work

On our Standard account, spreads start from 0.3 pips for major pairs like EUR/USD. Now, that might not sound like much, but here’s what it actually means in rupees…

If you’re trading one standard lot of EUR/USD (that’s ₹8,30,000 worth at current rates), a 0.3 pip spread costs you about ₹250. Not terrible, right?

Our Pro account offers tighter spreads – sometimes as low as 0.1 pips – but there’s a catch. You’ll pay a commission on top. More on that in a bit.

Variable vs Fixed Spreads

Here’s something that confused me initially – our spreads aren’t fixed. They change based on market conditions. During major news events or when markets are thin (like during the Asian session), spreads can widen significantly.

I’ve seen EUR/USD spreads jump to 2-3 pips during NFP releases. That’s just how forex works, unfortunately.

Commission Structure on Pro Accounts

If you choose our Pro account type, you’ll pay commissions instead of wider spreads. The math works like this:

The commission is charged both when you open and close a position. So that ₹350 becomes ₹700 round-trip for each standard lot.

Overnight Financing Charges (Swap Rates)

This is where things get a bit more complex. If you hold positions overnight, you’ll either pay or receive swap charges. These are based on the interest rate differential between the two currencies in your pair.

How Swap Calculations Work

Let’s say you’re long EUR/USD. You’re essentially borrowing USD to buy EUR. If European interest rates are higher than US rates, you’ll receive a small credit. If they’re lower, you pay.

Our swap rates are updated daily and displayed in your trading platform. For most major pairs, overnight charges range from -₹50 to +₹30 per standard lot.

Islamic Account Option

We offer swap-free accounts for traders who prefer to avoid overnight interest charges for religious reasons. There’s no additional fee for this – just contact our support team to convert your account.

Deposit and Withdrawal Fees

Here’s some good news – we don’t charge fees for most deposit methods popular in India:

• UPI transfers
• Net banking
• Most digital wallets (Paytm, PhonePe, etc.)
• Cryptocurrency deposits

Withdrawal fees are mostly free except for cryptocurrency, where network fees apply (usually ₹200–₹500). Bank wire transfers are free if you withdraw above ₹8,000.

Heads up – your bank might charge receiving fees for international transfers. That’s not on us, but it’s worth checking with your bank.

Inactivity and Currency Conversion Costs

If you don’t log into your account for 3 months, we’ll start charging an inactivity fee of $5 per month. Most active traders won’t hit this, but it’s something to keep in mind.

Currency conversion happens automatically since our base currency is USD. We use live interbank rates with a small markup around 0.25%. So if you deposit ₹10,000, you might see $119.50 instead of the full $120 equivalent. It’s a small but real cost.

Account Maintenance and Hidden Costs

Unlike some brokers, we don’t charge monthly platform fees or account maintenance costs. Your MetaTrader 4 or 5 access is completely free, along with all our analytical tools and market data.

Weekend Gap Costs

If markets gap over the weekend and you’re holding positions, you might face unexpected losses. This isn’t technically a fee, but it’s a cost of trading that catches people off guard.

Slippage During News Events

During high-impact news releases, your orders might execute at worse prices than expected. Again, not a direct fee, but it affects your trading costs.

Regional Considerations and Cost-Saving Tips for Indian Traders

RBI Regulations Impact

Due to Reserve Bank of India regulations, we can’t offer certain services directly. This means you’ll need to use our international entity, which might affect some fee structures.

Tax Implications

While we don’t charge tax directly, remember that trading profits are taxable in India. Keep records of all your trades and associated costs for tax filing.

Local Payment Processing

We work with local payment processors to keep deposit costs low. Sometimes this means slight delays (usually 2-4 hours for bank transfers), but it saves you significant fees.

• Choose the right account type based on your trading volume
• Trade during London-New York session for tighter spreads
• Avoid trading during major news releases if you want to keep fees low

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