F) Application of Flexible Commission Scheme
Last updated
Last updated
Once you have configured the parameters for the flexible commission scheme, you will need to assign them to the respective clients.
Flexible commission rebates will only be paid out to clients categorized as "IB" under the Client Type. Clients classified as "Traders" will not receive any flexible commission rebates.
To apply the flexible commission scheme to a client, go to the client's details page and navigate to the "Commissions" tab to add the commission scheme.
Once added, you will have the option to set the flexible commission amount based on your desired rebate structure. The commission amount you set here determines the IB commission rebate that will be paid out when this client engages in trading activities.
In case you want the client to receive rebates for their own trades as well, you can select the "include own account" option. This ensures that the client also receives commission rebates for the trades they personally execute.
If you have configured the flexible commission scheme to be paid out as a rebate to the trading account, it is important to assign a specific trading account as the designated rebate account.
To do this, navigate to the "Trading Accounts" tab in the platform settings.
From there, you can select the desired trading account to be designated as the rebate account for the commission payouts. This ensures that the commission rebates are accurately credited to the specified trading account.