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.

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.

Example: The Percent of fee is set to 10%, the client account tariff sets the commission at 20% on each trade in a group containing AAPL equity. When a referral buys 10 shares of AAPL for 200 USD, a trade with the volume of 2000 USD will be formed in the system. Commission to be paid to the referal program owner from this trade will be calculated as follows: 2000 USD (trading volume) x 10% (commission in the tariff) x 20% (commission percent in the referral program) = 40 USD.

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 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) = $100.

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.