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Alpari lowers interest paid on deposit balances to 8%, and raises volume threshhold
Retail forex broker Alpari is one of several in the sector which uses the enticement of interest to attract client deposits – and to encourage clients who do deposit to trade. In today’s near-zero interest rate environment, getting interest on your inactive cash is indeed a major bonus. However at Alpari and the other forex brokers offering interest, the cash cannot be inactive in order to receive interest. Quiet the opposite. We reported back in March that Alpari had launched interest-on-deposits, with the rate of interest paid tied to: a) account size (account equity), and b) monthly trading volume. Alpari is ... (full story)