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Connexar Capital Ltd refund swap charges to encourage traders to hold positions for longer periods. By reducing the cost of keeping positions open overnight, We motivate traders to engage in long-term trading strategies, which can lead to increased trading volumes and potential profits for both the trader vs ConnexarCapital Ltd.
Swap Charges, also known as rollover fees or overnight interest, are charged in forex trading due to the concept of interest rate differentials between currencies. Here's why swap charges exist:
Each currency in a forex pair has an associated interest rate set by its respective central bank. When you trade forex, you're essentially buying one currency while simultaneously selling another. The interest rate differential between the two currencies determines the cost or benefit of holding a position overnight.
When you hold a position open overnight, you're effectively borrowing one currency and lending another. The currency you're borrowing typically has a higher interest rate, while the currency you're lending has a lower interest rate. The difference between the two interest rates is the basis for the swap charge.
Swap charges compensate for the opportunity cost incurred by Connexar Capital Ltd. Connexar Capital must finance the position on behalf of the trader, and they could potentially use that money for other purposes or investments. By charging a swap fee, the Connexar Capital ensures they are compensated for the interest they could have earned if the funds were used elsewhere
Swap charges have become an industry norm in forex trading. The forex market operates 24 hours a day, and positions held overnight are subject to interest differentials. Swap charges help align the costs and benefits of overnight positions across market participants.
Long Term Trader: If the trader focus for long term or swing trader, Swap Refund Program could potenlly benefit and make use of it.
Eg: If the Investor Deposited $10,000 , wants to eligible for Slab Two, then Trader must complete 0.2% that is Twenty Standard Volume, In between any funds added For Eg: $5000 Deposited, then ConneXaR Capital Ltd will calculate as whole Deposit $15,000,
Therefore If the Traders wants to achieve Slab Two, $15000*0.2% = 30 Standard Volumes must Complete, for 50% Swap Charges
If the Traders wants to achieve Slab One: $15000*0.1% = 15 Standard Volumes must Complete , for 20% Swap Charges
Yes, you can! however the Internal Transfer Deposit is considered as new deposits.
The Previous month's orders, carried forward to next month are not eligible.
The Swap Free Refund will be deposited, after submission of approval within three business days, however Connexar capital ltd should receive the intimation within one week after completing previous month slabs.
Connexar Capital Ltd offers Welcome Bonus, Click here to learn more about it
Free $50 you opt and enjoy the real trading experience, Click here to explore the NBD Bonus program
If you are a trader, you can prove your skills to the investors, participate in the trading challenge and win existing benefits, Click here to participate.
ConnexarCapital Ltd is incorporated under the jurisdiction of Saint Vincent and the Grenadines.
ConnexarCapital Ltd is incorporated under the jurisdiction of the U.K companies house, London.
ConnexarCapital Ltd going forward in the future process of FCA regulation.