A) Creating Fixed Commission Schemes

Creating Fixed Commission Schemes

To create a new fixed commission scheme, follow these steps:

Step 1

Click on "Add Commission Scheme."

Step 2

1. Fill in the scheme name.

2. Select the rank structure to which the commission scheme is applicable.

3. Click on "Create" to create the commission scheme.

4. Alternatively, you can click on "Create and Configure" to proceed with configuring the settings for the commission scheme.

Configuring Fixed Commission Schemes

For the fixed commission scheme, there are three different types of commission available:

1. Basic Scheme: This refers to the basic fixed commission scheme that will be paid to IBs when their downlines trade.

2. Overriding Commission: This refers to the overriding commission paid to uplines for the commission received by their downlines.

3. Same Rank Commissions: This refers to the same rank commission paid out to uplines for the commissions received by downlines of the same rank.

Fixed Commission Scheme - Basic Scheme

To configure Fixed Commission Scheme - Basic Scheme, follow these steps:

Step 1

Locate the commission scheme you want to configure and click the view icon.

Step 2

1. Navigate to "Scheme Details".

2. Click the "Edit" icon.

   
3. You can select "Set Current Scheme as Default" to set the commission scheme as the default for IBs.

Step 3

1. Click "Add Symbol Group."

   
2. Select the symbol group you want to add to this commission scheme and click "Confirm."

Step 4

1. Select the commission structure. For fixed commission, there are two types:

   • Rank - IBs will receive commissions based on their tier.

   • Level - IBs will receive commission depending on the number of levels between the IB and the trader.

2. Select the commission type. For fixed commission, there are the following options:

   • Fixed - A fixed amount of commission will be rebated to the IB.

   • Spread - A percentage of the spread will be paid out as commission rebate to the IB. This applies only to MT5.

   • Profit % - A percentage of the trade's profit will be paid out as commission rebate to the IB.

   • Trading Platform Commission % - A percentage of the trading platform commission charged to your clients will be paid out as commission rebate to the IB.

3. Select the trading platform group to which the commission scheme applies.

4. Select the rebate currency.

   • This is applicable only to Fixed and Spread commission types.

   • When selecting the rebate currency as "Trading Account Base Currency," it means that the inputted commission amount is denominated in the trading account's base currency.

   • Conversely, selecting the rebate currency as USD indicates that the keyed commission amount is denominated in United States Dollars.
5. Fill in the commission amount.

   • For Rank Commission Structure, the tiers will automatically be displayed, and you will need to fill in the commission payout amount.
   • For Level Commission Structure, you will need to setup the number of levels you will pay out for and the respective commission amount.

Step 5

1. You can expand the symbol list to view the included symbols in the symbol group.
2. You can add multiple symbol groups to a single fixed commission scheme.

   
3. Click "Save."

   

Fixed Commission Scheme - Overriding Commissions

To configure overriding commissions, follow these steps:

Step 1

Locate the commission scheme you want to configure and click the view icon.

Step 2

1. Navigate to the "Overriding" section.

2. Click the "Edit" icon.

   

Step 3

1. Click "Add Symbol Group." You will only be able to add the symbol groups that are configured for the basic fixed commission scheme.

   
2. Set the overriding commission percentage for each level.

3. Click "Save."

   

Fixed Commission Scheme - Same Rank Bonus

To configure same rank bonus, follow these steps:

Step 1

Locate the commission scheme you want to configure and click the view icon.

Step 2

1. Navigate to the "Same Rank Bonus" section.

2. Click the "Edit" icon.

   

Step 3

1. Click "Add Symbol Group." You will only be able to add the symbol groups that are configured for the basic fixed commission scheme.

   
2. Set the same rank bonus commission percentage for each level.

3. Click "Save."