How to get FXOpen's Cashback Rebate? How does it work? Table of Contents
How does FXOpen’s Cashback program work?
The FXOpen Cashback program allows traders to receive additional cash compensation for any type of transaction, including unprofitable ones. It is very easy to get a refund: cashback is credited to a multicurrency Commission account, which is created automatically, without any additional actions on the part of the trader. The cashback amount is determined taking into account the margin used on all the client’s trading accounts. This program is valid for all types of FXOpen trading accounts: ECN, STP, Crypto, Micro, PAMM ECN, PAMM STP.
You can use the FXOpen Cashback program within 90 days from the moment of the client’s registration with the company. For existing clients of the company, the program is valid for 90 days from the moment of connecting to the program (connection is carried out upon request to the support service by mail). The minimum refund amount is 5 USD, the maximum is 1000 USD. The maximum amount of compensation per trade is 100 USD.
Join FXOpen’s Cash Back Program
How to calculate FXOpen’s Cashback?
Base Commission (percentage of FXOpen trading commission or Standard Commission) is 2.4 pips (in 5-digit quote format) per completed trade for STP and Micro accounts and 15% of commission for ECN and Crypto accounts.
The standard commission is multiplied by a certain coefficient, which depends on the total Involved margin on the client’s accounts. The table shows the values of the coefficients for calculating the cashback. The right column shows an example of calculating the cashback for the Standard Commission of 15 USD.
| Used Margin Range | Cashback (% of Standard Commission) | Example* Standard Commission = $15 |
|---|---|---|
| less than $5k | 150% 0% 0% | $22.50 – – |
| $5k – $15k | 105% 0% 0% | $15.75 – – |
| $15k – $50k | 70% 0% 0% | $10.50 – – |
| $50k – $130k | 45% 0% 0% | $6.75 – – |
| $130k – $400k | 25% 0% 0% | $3.75 – – |
| $0.4m – $1.05m | 10% 0% 0% | $1.50 – – |
| $1.05m – $2.5m | 0% 0% 0% | – – – |
| $2.5m – $5m | 0% 0% 0% | – – – |
| more than $5m | 0% 0% 0% | – – – |
As you can see, the cashback amount decreases as the total Used Margin increases on the client’s accounts. Please note that Forex rebates are not credited if the total margin involved in the client’s accounts has exceeded the threshold of $ 1.05 million in 90 days. An example of cashback calculation and more detailed information about the program can be found in the FXOpen Knowledge Base.
What are the advantages of the FXOpen Cashback service?
The amount of compensation can be up to 150% of the base affiliate commission from each completed transaction. This is one of the highest payments among brokers.
Refunds are fully automated. The credits are credited to the Commission account. Immediately after crediting, these funds can be withdrawn or used for trading.
The program is automatically activated at the time of client registration without additional applications or activations and is valid for 90 days.
Go to FXOpen’s Official Website
Please check FXOpen official website or contact the customer support with regard to the latest information and more accurate details.
FXOpen official website is here.
Please click "Introduction of FXOpen", if you want to know the details and the company information of FXOpen.
IronFX
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!