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

1) Profit Percentage

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.

2) Rebate Currency

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

1. Profit Percentage is available for both fixed and flexible commissions.

2. IBs will receive commission rebate only if their downline's trades have a profit above zero.

3. Commission Rebate = Profit Percentage x Profit of Trade

4. 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:

Step 1

1. Navigate to Commission > Rule Settings > Fixed Rule Setting.

2. Click "Add Commission Scheme".

   

Step 2

1. Fill in the Scheme Name.

2. Select the Rank Structure.

3. Click "Create and Configure".

   

Step 3

1. Click the "Edit" icon.

   
2. Click "Add Symbol Group".

3. Select the Symbol Group and click "Confirm".

   

Step 4

1. Select the Commission Structure.

2. Select "Profit %" as the Commission Type.

3. Select the Groups this commission structure will apply to.

4. Fill in the profit percentage for each level or tier.
5. Click "Save".

   

Step 5

1. Go to the highest upline's profile page.

2. Navigate to "Commissions".

3. Click "Change Commission Scheme".

   
4. Select the newly added Profit Percentage commission scheme.

5. Click "Save". The referral tree now adopts the profit percentage commission scheme.

   

3) Flexible Commission

To set up a new profit percentage flexible commission scheme, follow these steps:

Step 1

1. Navigate to Commission > Rule Settings > Flexible Rule Setting.

2. Click "Create".

   

Step 2

1. Fill in the Rule Name.

2. Select the groups and symbol groups that the commission scheme will apply to.

3. Select Profit Percentage as the Commission Mode.

4. Key in the maximum rebate amount (if any).

5. Select "Contains your own account by default" if you require commissions to be paid out to the trader by default.

6. Click "Create".

Step 3

1. Go to the client's profile page.

2. Navigate to "Commissions".

3. Click "Change Commission Scheme".

   

Step 4

1. Select the newly added Profit Percentage commission scheme.

2. Select either of the following:

   • Add rule for downline IBs

   • Replace rule for downline IBs

3. Click "Save".

   
4. A popup will be displayed to inform you that the commission scheme will be applied for the entire referral tree. Click "Confirm" to proceed.

   

Step 5

1. Click the "Edit" icon.

   
2. Fill in the profit percentage for each individual.

3. Select "Include Own Account" if you want to enable the trader to receive commission rebates as well.

4. Click "Save".

   

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:

1. CRM Reports - Fixed Commission Report

   
2. CRM Reports - Flexible Commission Report

   

Rebate Currency

1. 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

2. While configuring commissions, you'll have the option to choose the Rebate Currency by clicking either "USD" or "Trading Account Base Currency."

3. 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.