Warning: The5ers Charges a Brutal Swap on the Nikkei 225 (JPN225) — 63% a Year on Longs, 1% of the Account Gone in One Weekend [November 2026]

※ This article is based on what happened on the site owner's The5ers funded account ($100K High Stakes, server FivePercentOnline-Real) between October 30 and November 2, 2026, and on that account's MT5 symbol specification. The account number and strategy details are withheld.

📢 Ad / affiliate disclosure: This site carries The5ers's affiliate link. They are a partner, but this costs readers money, so we're publishing it.

TL;DR: Don't hold the Nikkei overnight at The5ers

• The5ers's JPN225 swap is −10,800 points long / −9,000 points short (points mode, 1 point = 0.01)
• Per lot per night that is ¥108 long and ¥90 short. With the index around 62,000, longs pay 0.17% a night = 63% a year, and even shorts pay 52% a year. You pay heavily in either direction
• US30 on the same server is −720 points (same both sides): about 0.015% a night, around 5% a year. JPN225 is roughly 11 times that
• On the site owner's account, holding a 500-lot long over one weekend cost $1,028.33 (about 1% of the account)
• Support's answer: "It was calculated according to the symbol specification. Swaps are set per instrument, so they can differ from other indices. We cannot correct or refund it." They did not answer whether this rate is intended
• Holding a long at 2x the account size, the swap alone reaches the 8% max loss in about three and a half weeks

What happened

On the site owner's $100K High Stakes funded account, a 500-lot JPN225 long held over the weekend was charged a swap of −$1,028.33.

This wasn't a trading loss. Just holding the position wiped out 1% of the account. High Stakes $100K has an 8% max loss ($8,000), so one weekend used up one-eighth of it.

How brutal it is, in numbers

For symbols whose swap is set in points, you can get the per-night rate like this:

Rate per night = swap points × point size ÷ price
Annual rate    = rate per night × 364 (Mon–Thu 1 night each + Friday 3 nights = 7 nights a week)

On JPN225, both long and short are negative, and the two values differ. US30 uses the same value on both sides. Same server, same "index CFD," yet only the Nikkei is about 11 times higher.

Here is how much a $100K account loses by position size (long, index around 62,000):

Even with zero price movement, the swap alone can cost you the funded account. The swap comes straight out of equity, so it eats into the daily loss limit (4% on $100K) by the same amount.

Support's reply

We contacted support on October 30 and followed up with a comparison against US30 on the same account. The reply that arrived on November 2 said, in summary:

• The JPN225 specification is "points mode, long −10,800 / short −9,000, triple on Friday, contract size 1, profit currency JPY," and the charge matches that specification
• Swaps are set per instrument, so they can differ from US30 or other indices
• Check each symbol's swap in its specification before holding a large position over the weekend
• Because it was applied according to the specification, it cannot be corrected or refunded

We asked two things: how it was calculated, and whether this rate is intended or a configuration error. They didn't answer the second. Saying "it matches the spec" says nothing about whether a 63%-a-year rate is reasonable. In other words, they know about it and are keeping it as is.

How to check it yourself (MT5)

1. In Market Watch, right-click the symbol → "Specification"
2. Look at four fields: swap type, swap long, swap short, and the triple-swap day
3. If the swap type is points, convert it to an annual rate with the formula above. If it comes out at double-digit percent a year, don't hold it overnight

This isn't just The5ers: symbol specifications vary wildly between prop firms and brokers. When you open an account, check these four fields at least for the symbols you plan to hold overnight. Of The5ers's symbols, we have only checked JPN225 and US30.

What to do

• Don't hold JPN225 overnight at The5ers. Intraday trades that close before rollover aren't charged a swap
• Put trades that hold the Nikkei overnight at another firm, after checking its swap
• If you already hold the Nikkei there, use the table above to decide whether to close before the next daily rollover
• The site owner has no complaints about The5ers's payouts themselves (payout report). But for anyone holding indices overnight, this one symbol's spec is enough to change the verdict

FAQ

What is The5ers's swap on the Nikkei (JPN225)?

As of November 2026, the MT5 symbol specification shows −10,800 points long and −9,000 points short (1 point = ¥0.01). That is ¥108 long and ¥90 short per lot per night; with the index around 62,000, about 0.17% a night (about 63% a year) on longs and about 52% a year on shorts. Friday's rollover charges three nights.

Can I get the swap refunded?

When the site owner asked, support replied that the charge was calculated according to the symbol specification and cannot be corrected or refunded. As long as the charge matches the spec, don't expect a refund.

Are US30 and other indices expensive too?

US30 on the same server is −720 points on both sides, about 0.015% a night (around 5% a year). Only JPN225 is about 11 times higher. Check other symbols yourself by opening "Specification" in your own MT5.

Does it matter if I only trade intraday?

If you have no open position at the daily rollover, no swap is charged. It matters when you hold overnight, and especially over Friday (three nights).