V6.13.0 - New Commission Payout Method & Rebate Currency Selection
Learn about all the details of all our recent CRM updates here.
Released Date - 14 August 2023
We're thrilled to introduce the new Profit Percentage commission payout method, enabling you to reward IBs based on a percentage of traders' profits. Additionally, we've incorporated a flexible feature allowing you to set commission rebates in either USD or the trading account's base currency.
Summary
Introducing a new commission payout method that allows you to set up commission schemes based on a percentage of trade profits. This feature caters to different groups of IBs with varying referral payout preferences.
You now have the option to choose the currency for rebates in different commission schemes. This allows you to align payouts with your preferred currency for easier management.
Profit Percentage
1) Profit Percentage Policies
Profit Percentage is available for both fixed and flexible commissions.
IBs will receive commission rebate only if their downline's trades have a profit above zero.
Commission Rebate = Profit Percentage x Profit of Trade
The rebate currency will be the trading account's base currency.
2) Fixed Commission
To set up a new profit percentage fixed commission scheme, follow these steps:
Navigate to Commission > Rule Settings > Fixed Rule Setting.
Click "Add Commission Scheme".
3) Flexible Commission
To set up a new profit percentage flexible commission scheme, follow these steps:
Navigate to Commission > Rule Settings > Flexible Rule Setting.
Click "Create".
4) Commission Reports
Once the commission schemes have been setup, profit percentage commission rebates will be paid out accordingly. The data will be displayed in the following reports:
CRM Reports - Fixed Commission Report
CRM Reports - Flexible Commission Report
Rebate Currency
You can now choose the rebate currency for your commission rebate settings. This enhancement is applicable to the following commission types:
Fixed Commission - Fixed Type
Fixed Commission - Spread Type
Flexible Commission - Fixed Type
Flexible Commission - Pip Type
While configuring commissions, you'll have the option to choose the Rebate Currency by clicking either "USD" or "Trading Account Base Currency."
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