Forex is better with Alpari Cashback
- up to20%
Spread refund
- up to20%
ECN commission refund
- up to100%
Deposit commission refund
- up to40%
Improved conversion rate
How can I enjoy some benefits?
For account deposits, trading, and other routine opertations, clients are credited with ALP bonus points. These points can be exchanged for discounts, refunds, or cash.
Higher status = more opportunities
Having a high status in the ALpari Cashback program affords you more opportunities, more privileges, and more bonuses.
Your status depends on the cumulative balance across all your accounts.
Gold
From 1,000 USD
across all accounts
Platinum
From 5,000 USD
across all accounts
Diamond
From 10,000 USD
across all accounts
VIP
From 40,000 USD
across all accounts
- Personal manager
- Deposit commission refunds
- Earn bonus points
- Free spread discounts
- Free discounts on broker commission
- Advance deposits
- Unlimited number of trading orders
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+15%
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—- —
- Yes
- —
- +20%
- —
- —
- —
- —
- Yes
- 50%
- +25%
- 5%
- —
- —
- —
- Yes
- 100%
- +30%
- 10%
- 10%
- Up to 10,000 USD
- Yes
Personalised offers
Take advantage of personalised offers to earn up to 20,000 points. Get in touch with our specialists by phone:
- +44 2045 771951
How best to exchange points
Spread refund of up to 20%
The spread is the difference between the Ask and Bid prices of a currency pair at a given moment. This makes up the bulk of a Forex trader's expenses. The lower the spread, the more profitable a trade can be.
Suppose a purchase order of 5 lots is made on the EURUSD currency pair. Now let's suppose that the spread was 1.3 pips (65 USD) when the position was opened, and 1.1 pips (55 USD) when it was closed.
When making the calculation, we take half of the opening spread (0.65 pips = 32.5 USD) and add it to half of the closing spread (0.55 pips = 27.5 USD). As such, the cost of the spread for this position is 60 USD.
If you have the 20% spread refund activated, you'll save 12 USD.
ECN commission refund of up to 20%
ECN account types give traders access to interbank liquidity, minimal spreads, and instant execution of orders using ECN technology. The commission charged for trading on these accounts depends on the volume of the position opened and the type of instrument.
Suppose a purchase order of 10 lots is made on the EURUSD currency pair.
Now let's assume that the commission charged for opening the position is 30 USD.
If you have the 20% discount activated, you will save 6 USD.
Negative swap refund of up to 40%
A swap is a fee for keeping a position open overnight. The swap is calculated from the difference between the interest rates set by each currency's central bank.
Suppose a purchase order of 10 lots is made on the EURUSD currency pair.
Now let's suppose that you opened your position on Monday and closed it on Wednesday. In this case, let's say the negative swap amounts to 30 USD.
If you have the 40% discount activated, you'll save 12 USD.
Deposit commission refund of up to 50%
As a rule, commission is charged when making a deposit, which can either be fixed, or depend on the deposit amount.
Suppose that you top up your account by 1,000 USD.
You are charged a commission fee of 25 USD for this.
If you have the 50% discount activated, you'll save 12.5 USD.
Improved conversion rate of up to 40%
When making a multi-currency transfer, there is a charge for converting the currency, which can be quite substantial. When you make a multi-currency deposit, the conversion is carried out at the company's internal exchange rate, which differs from that of the central bank.
Let’s say you invest 1,000 EUR in a PAMM account denominated in USD. When you invest the funds, Alpari offers the conversion at an exchange rate of 1.0730, while the central bank rate is 1.1130.
The difference between the two values is the conversion fee. In our example, this amounts to 40 USD.
If you have the 40% discount activated, you will save 16 USD.
Exchange for cash
If you can't find a discount that suits you and you want to use your points another way, you can simply swap them for cash. To do this, select the amount of points you'd like to convert in myAlpari, and they will be exchanged at Alpari's ALPUSD exchange rate.
Let’s say you have 20,000 ALP on your bonus account and would like to exchange 5,000 ALP for cash.
In that case, you'd submit a request specifying the amount of points you want to exchange and the account in your myAlpari to which you want to credit the funds.
Let’s say the current ALPUSD rate is 1 USD for 100 ALP. After your request has been processed, 50 USD will be transferred to your account.
Frequently asked questions
How can I spend my points?
Buying discounts that improve your trading or non-trading conditions:
- Negative swap refund.
- Spread refund.
- ECN commission refund.
- Deposit commission refund.
- Improved conversion rate for account deposits and PAMM account and portfolio investments.
Exchange points for cash:
- Real funds that you can instantly withdraw.
- Funds for Fix-Contracts trading.
How do I exchange points for cash?
In myAlpari in the discount window you can make a request to exchange your points, which will be executed at the beginning of the following week.
How do I take part in the Alpari Cashback program?
All company clients with a myAlpari account are automatically included as part of the loyalty program.
How can I get more points?
The number of points credited depends on the status of the myAlpari account. The higher the status, the more points you can get. The most points are awarded for trading turnover. The higher your trading turnover, the more points you get for every million of turnover.
When are the refunds for my discount credited?
Refunds for activated discounts are credited once a week. For discounts on non-trading operations, refunds are credited according to the denomination currency of the client's transitory account. For discounts on trading operations, refunds are credted according to the currency of the trading account for which the discount was activated.
Can I earn points for trading on a PAMM account?
Yes, but points for trading operations are only calculated for and credited to the investment account of the PAMM account manager based on their share in the total funds on the PAMM account.
Can I activate a discount on a PAMM account?
Yes, if it's your account.
When is my status updated?
The status of myAlpari accounts is revised once a week, every Sunday between 22:00 and 23:59 (trading server time). The company reserves the right to revise the status of any myAlpari account at its own discretion as it deems necessary.
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