Swap Back Promotion
Terms & Conditions

Calculation:

The swap back amount will be paid bimonthly as follows:

• On the 1^st of the month – For trades performed from the 16^th until the last day of the previous month.
•  On the 16^th of the month – For trades performed from the 1^st until the 15^th
•  Payments to the client account will be executed no later than 5 days after the calculation day.
•  The accumulated Swap back will be paid to the client’s trading account as withdrawable funds.
•  The Swap back will only be calculated only on closed trades.
•  The Swap Back program will be applicable in conjunction with the Cashback program.

It Is Important to Note That:

A client that joins the program in the middle of the calculation period will be required to complete the 25 trades to be qualified for this period.

These swaps are exclusive to our preferred clients. The swaps consider liquidity provider costs, leverage & credit, and asset risk and are constantly floating according to exposure and Market volatility.

Banxso reserves the right to change and/or update and/or cancel the calculations at any time, and for any reason whatsoever, by communicating new calculations to the clients enrolled in this program. Banxso will not be held responsible in any way whatsoever for your failure to understand and/or comply with the terms of the program communicated herein, including and (without limitation) the calculation methodology. Banxso has the right at its sole discretion to amend, remove, change, or terminate the Swap Back program itself, at any time without prior notice.

Due to the internal and external risks associated with third-party liquidity providers, fees such as Swaps, Spreads, and other commissions for each asset and asset class are subject to continuous fluctuations.

Before placing any trade, clients are advised to monitor these charges in real-time under the information tab on the Banxso platform. This enables all clients to be informed of such changes before making investment decisions on a particular asset or asset class. It is important to always keep in mind your individual account type and how that might affect the trades you wish to place.

Some insight into Swaps:

A swap fee can also be seen as a risk fee, for the fact that you are using leverage, the swap fees are never the same as it is based on the cost associated with the provision of the asset in the market and the movement of the asset on any given day at any given time. Swaps are charged as surety for holding the trade open, additionally the updated swap fee for every asset at any given time is available on the platform under the information tab on the trading platform. Simply put swap fees/commissions are charges applied to positions that are held overnight.

Lastly, it is important to note that on Wednesdays a swap is charged 3 times to cover the cost of the weekend, As seen below:

For purposes of clarity the triple swap on Wednesday can be explained as follows: Wednesday swaps include, Friday Saturday, and Sunday so additionally to the daily swap you are charged triple, (T +2) Trade date plus 2. Thursday swap is separate and charged as usual.

The sole exception lies in the rollover costs, where the swap rate is three times higher if you maintain your position from Wednesday to Thursday overnight. This variation is due to the influence of the futures market, which involves shifting the value date for the underlying futures contract. When a position is initiated on Wednesday, the value date becomes Friday. However, if you hold the position overnight from Wednesday to Thursday, the value date advances to Monday, a difference of three days, as there is no trading over the weekend. Consequently, interest is accrued for three days rather than just one.

All Banxso promotions are subject to the general terms and conditions and should be read in conjunction with the General terms and conditions.