If you trade over $500M in volume in a month, you'll receive cashback on the commissions you paid that month, at the start of the next month. Here’s how the cashback works:
If you have multiple margin accounts, your trading volume is added up across all of them.
Cashback earned in one month will be paid at the start of the next month.
The cashback percentage applies to volumes above $500M and increases progressively with each cashback level, as detailed in example below.
Cashback doesn’t apply to commission on Stock CFDs.
If you are participating in another commission discount program, your total discount or cashback can’t exceed 50% of the standard commission.
EXAMPLE 1:
If a trader has a commission rate of:
16 USD per million for Forex (FX)
and traded $1100 million total volume in a month:
First $500M in Forex trades: 0% of 500M x $16 = $0
Next $500M in Forex trades: 20% of $500M × $16 = $1600
Next $100M in Forex trades: 40% of $100M × $16 = $640
Total cashback = $2240
EXAMPLE 2:
If a trader has a commission rate of:
16 USD per million for Forex (FX)
24 USD per million for commodities, indices, metals, crypto, and bonds
and traded $750 million total volume in a month:
First $500M in Forex trades: 0% of 500M x $16 = $0 and remaining $250M traded as follows
$200M in Forex trades: 20% of $200M × 16 = $640
$50M in other products: 20% of $50M × 24 = $240
Total cashback = $880
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