Referral fee

This section is used to configure the types of rewards paid to the program owner for the activity of invited clients:

Any configured reward type can be applied to one or more referral programs when creating or editing them.

The coefficient applied to the referral rewards within the affiliate program is set in its levels in the Partner level tab.

Overview

This section allows you to specify the Name of the setting and set the Currency in which rewards will be paid to the program owner. The Use by default checkbox determines which program will be used when the client creates a referral program in the Partner personal account of the client terminal. If the default referral program is switched, the new settings only apply to programs created after the switch.

Please note! A client can only create one referral program by his own. The broker can add subsequent programs for them.

Reward settings section

This section determines which actions of the referral (invited client) will earn rewards to the program owner.

All rewards are accrued on the first day of the month based on the previous month's results and must be processed through transactions in the Daily operations section.

Percent of volume

This type of setting allows to configure what percentage of the referral's (invited client's) trading volume across the instrument groups defined in the program will be credited to the program owner as a reward. This program type does not support Cash category instruments.

Example: The Percent of fee field is set to 10%, and the referral bought 15 AAPL shares at $200. The referral's trading volume was $3,000. Accordingly, the program owner will receive a reward of $3,000 (trading volume) x 10% (referral program commission percentage) = $300.

Important! If Instrument groups are not specified, the trading volume, and therefore the reward, will be calculated for all instruments traded by the client.

Percent of commission

The Percent of commission specified in the setting allows the program owner to earn commission income from the referral's trades, made according to the specified instrument groups. To receive a percentage of commissions by the program's owner, they must first be set in the Commission conditions client's tariff setting.

Important! If Instrument groups are not specified, the trading volume, and therefore the reward, will be calculated for all instruments traded by the client.

Please note! The NET commission amount indicator is used to calculate the Percent of commission reward. It reflects the trade commission amount in the client's account minus the commission in the provider's account.

Example: The Percent of fee field is set to 10%. The Commission conditions of the referral's client account tariff sets a commission of 10% for each trade in a group containing AAPL equity. The provider's account tariff sets a 5% commission per trade. If the referral purchases 10 AAPL shares at 200 USD each, the system will generate a trade with a volume of 2 000 USD. The commission for the program owner will be calculated as follows:

(2 000 USD (quote amount on client's trade) x 10% (commission in the tariff) - 2 000 USD (quote amount on provider's trade) x 5% (commission in the provider's tariff)) x 20% (percent of fee set) = 20 USD.

Percent of deposit

Percent of deposit determines the percentage of the difference between the referral's deposits and withdrawals that will be awarded to the program owner as a reward.

Example: The Percent of commission is set to 10%. A referral deposited $1,000 into their account and withdrew $500 within a month. In this case, the program owner will receive a reward of ($1,000 (deposit amount) - $500 (withdrawal amount)) x 10% (the percent set in the referral program) = $50.

Registration fee

In the Registration fee section, you can set the payment the program owner will receive for each user who registers using their referral link.

The Amount of fee field determines the amount of this payment.

Please note! This type of reward can only be paid once.