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Alpari Aims to Lure FX Clients with Discounts on Swap Rates

Russia-based Forex broker Alpari is continuing with its efforts to entice more clients and is now offering a set of discounts on swap rates. The offer is valid from August 8 and has no expiry date announced. 
 
Swaps, or rollover fees, are charged for positions kept open overnight and, therefore, can be very nasty for traders who use long-term strategies. Since swaps are part of the overall transaction cost, it cannot be a bad thing that a broker is offering some incentive regarding swaps: in the case of Alpari's latest promotion, the size of the discount varies from 0 to 60%, depending on the amount of equity on your account:
 
 Click on photo to enlarge
 
As one would suppose, the size of the swap cut rises along with the rise of the equity and is biggest for account holders with equity between $1 million and $5 million (I cannot help wondering how many Alpari clients have such accounts), while clients with balances above this stunning amount can rely on discounts on an individual basis. 
 
But regular traders with account equity below $2,000 cannot benefit from any discount in swaps at all. Don't worry – if you happen to be among those deprived of the latest swap discount, you can simply make use of another offer by Alpari – the so-called “Weekend Fee” account, which allows you to trade swap-free from Monday to Friday. You may recall this promotion as a part of the campaign “Goodbye to swaps”, which is now a constant part of the broker's offering. 
 
The thing is that I see no sense in a broker launching a promotion for discounts in swaps when there is an offer for Islamic (swap-free) trading. A possible motif is that not plenty of traders have been lured by the swap-free promotion, which implied heavy commissions.
 
If you're not enticed by the latest proposition by Alpari, but you'd still like to trade swap-free you may check out the offer from Cypriot broker Mayzus or take a look at our comprehensive list of Islamic Forex Brokers.
 
 

About Alpari

 
Founded in 1998, the international Alpari brand is one of the leading names in online Forex trading and was recently listed as the world's third largest broker in a 2012 report from online financial portal Forex Magnates, with an average monthly trading volume of more than 200 billion US dollars.
 
Alpari has earned the trust of hundreds of thousands of clients in more than 150 countries across the world, thanks in large part to its reputation for delivering high-quality products and top-notch customer support. The Alpari brand is represented in many of the world's leading centers of commerce, with offices in New York, London, Tokyo, Dubai, Frankfurt and Moscow.
TAGS: alpari  alpari forex broker  swap discounts  swap-free accounts  islamic accounts  weekend fee  rollover  forex swaps  forex trading 

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