Dukascopy loyalty program rules

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Program model

Dukascopy Loyalty program is aimed at involving LIVE clients into Dukascopy Forex Community ("DFC") via providing them with additional monetary incentives. It rewards the referral activity: users can invite friends, colleagues or acquaintances to the DFC.

Rewards are offered in form of discounts to real account trading commissions for a period of one month. A program participant is entitled to a commission discount if at least one of his invited DFC users gets in the monthly top-100 by number of reputation points collected. Exact commission discounts are defined by the position occupied by the highest-ranked invited user within the top-100 list.

Enrolment rules

1. The Loyalty program is held by Dukascopy Community ("Dukascopy") on a regular monthly basis.
2. Any holder or a LIVE trading account with Dukascopy Community and registered as a member of the DFC is entitled to participate in the loyalty program.
3. Commission discounts based on the results of participation in the loyalty program can be applied to individual (self-trader) trading accounts only.

Participation rules

1. A Live account holder should register an account with the DFC.
2. The account holder should register the LIVE account ID he/she intends to apply commission discounts to. That can be done in the "Invitations" section of the DFC profile settings.
   1. In case client has numerous LIVE accounts with Dukascopy any one of those can be registered in the program. The choice remains at the sole discretion of the client.
   2. The Live account ID can be updated/unsubscribed from the program at any time.
3. Using invitation functionality available in the "Invitations" section of the DFC profile participant shares referral links for registration in the DFC across the internet. Sharing is available via a set of social network tools or using a direct individual link provided to every participant.
4. If a user joins DFC via the links provided by participants, he gets associated with DFC profile of the program participant. The list of associated users is available in the "Invitations" section of the profile.
5. New users brought to the DFC by reference of the program participant are supposed to conduct various activities within the community. Just as all other DFC members, they receive status points for all kind of activities in accordance with the table hereafter. Information on points collected (within the month and total) by invited referrals is available in the "Invitations" section of the DFC profile.
6. Dukascopy generates a consolidated report on the top-100 DFC members in terms of status points collected during the last month with the first week of a new month.
7. If at least one DFC member associated with the DFC account of the program participant is in the top-100 list, the program participant is eligible for a commission discount on his LIVE account.
   1. Should there be more than one invited user in the top-100, the end result is defined by the highest position occupied by users invited to the DFC by the program participant.
8. Participation is possible every month.

Awarding and bonus attribution

1. Commission discounts are defined during the first two weeks of the calendar month basing on the conditions described in sections 6-7 of the participation rules.
2. Calculation is based for the highest-ranked invited user.
3. Commission discounts that can be attributed to the LIVE accounts of program participants may range from 1% to 50%, the minimal discount being the reward for the 100th position occupied by a referral and 50% being the reward for the 1st position.
4. Commission discounts are awarded in accordance with the following formula:
   1. (101-p)/2 , where "p" is the best position in the monthly status points top-100 and the result is the percentage of commission discount.
5. The figured are rounded upwards.
6. The commission discount is applied to the LIVE account registered in the referrer's DFC profile.
7. The volume commission discount enters into force after Dukascopy has finalized the program results for the month and has conducted relevant internal procedures. This usually takes not more than 2 weeks after the end of the calendar month.
8. The discount applies to the base commission rate of the LIVE trading account and is valid 30 days. The rate can be found in "My commission" report in the Dukascopy Member Area.

Other rules and policies

1. Dukascopy Community reserves the right to change the program rules, requirements and awards without prior notice and at any time at its sole discretion.
2. Dukascopy Community may exclude a participant from receiving commission discount at any time if DFC Rules and policies are violated by him/her or by invited users.