Cash Rebates FAQs
- How do I qualify for cash rebates?
- What is the minimum monthly volume and how is it calculated?
- How are rebates calculated?
- When are rebates deposited into my trading account?
- In what currency are rebates calculated?
How do I qualify for cash rebates?
Trade at least the minimum monthly volumes for the asset class or classes of your choice – Indices, FX and Shares. The more you trade the greater the rebate.
What is the minimum monthly volume and how is it calculated?
The minimum monthly volume required is different across the asset classes. Each asset class has a minimum required volume and is calculated individually (FX, Indices, Shares). Volume traded calculation does not accumulate across asset classes.
Example: You trade Indices and FX. In order to qualify for rebates, you need to trade at least 1m in Indices and min 2m on FX in order to get rebates for both asset classes.
Both Open and Closed trades are applied when calculating the total trading volume rebate qualification.
How are rebates calculated?
Rebates are calculated according to the monthly volume you trade per million, on Indices, FX and Shares.
Trade $50.5m in trading volume on Indices
The rebate you receive is $454.50
50 x $9 for each full million of monthly trading volume and 0.5 x $9 for the remaining half million of monthly trading volume as we make pro-rata payments for any partial millions of monthly trading volume
|Shares||Volume (US $)||Rebate per million (US $)|
|Tier 1||1,000,000 - 1,999,999||$45|
|Tier 2||2,000,000 - 4,999,999||$55|
|Tier 3||5,000,000 +||$85|
|FX||Volume (US $)||Rebate per million (US $)|
|Tier 1||2,000.000 - 4,999,999||$4.5|
|Tier 2||5,000,000 - 9,999,999||$6|
|Tier 3||10,000,000 +||$8.5|
|Indices||Volume (US $)||Rebate per million (US $)|
|Tier 1||1,000,000 - 1,999,999||$4|
|Tier 2||2,000,000 - 4,999,999||$6|
|Tier 3||5,000,000 +||$9|
When are rebates deposited into my trading account?
Rebates are credited during the first week of the following calendar month. Your account must be open, and not subject to any dispute, on the date the trading rebate becomes payable.
In what currency are rebates calculated?
For accounts based in non-USD currency, we convert the rebate amount to the currency of that account e.g. for SGD-based accounts, the credited rebate is in SGD. The conversion rate used will be that at the time of calculation and crediting.