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Negative swap compensation of up to 40%

A swap is payment for keeping a position open overnight. The swap exists due to variances in national banks’ interest rates in different countries. For example, you open a position to purchase EURUSD. To complete the trade, you sell USD, earning around 0.25% interest, and purchase EUR, whose interest on deposits is 0.05%. When carrying the position overnight the swap can add (if the interest on deposits is greater than the lending rate) or take away (if the lending rate is greater than the interest on deposits) funds from your account.

You can find out more information on holding a position open overnight and how the swap is calculated here.

By using this discount as part of the Alpari Cashback program you can get back up to 40% of funds spent on negative swaps1.

How does it work?

Let’s consider an example for a purchase made on EURUSD of 10 lots.

Say that you opened a position on Monday and closed it on Wednesday.

The cost of the negative swap in this circumstance would be 30 USD.

If you are using the 40% discount, you will save 12 USD2.

Please note:

  1. This discount can be activated on myAlpari accounts with Premium status.
  2. The maximum compensation amount is 800 USD per month (or equivalent in another currency according to ECB rates at the time of transfer).
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