Flexible Commission Scheme

Flexible commission settings allow for customization of commission schemes to cater to the specific needs and requirements of individual IBs and referrals.

1. Creating Flexible Commission Schemes

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

Step 1

Click on the "Create" button.

Step 2

1. Fill in the desired Rule Name for the commission scheme.

2. Select the trading platform groups to which this commission scheme will apply.

3. Choose the symbol group to which this commission scheme will be applicable.

   

Step 3

1. Select the commission mode from the available options, which can be either:

   • Fixed

   • Pip

   • Profit %

   • Trading Platform Commission %

2. The commission unit will be set as "lot" and cannot be changed.

3. Set the maximum rebate amount if applicable for this commission scheme.

4. Set the rebate currency by clicking either "USD" or "Trading Account Base Currency".

   • This is applicable to Fixed and Pip commission modes only.

   • 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. If you want the rebate to be paid to the trader as well by default, select the option "Contains your own account by default."

6. Click on the "Create" button to create the flexible commission scheme.

   

2. Pip Settings

You can also customize the pip settings to ensure accurate and fair commission payouts to your IBs when using the "Pip" commission mode. This setting is particularly relevant as the pip values for different trading symbols can vary.

To configure pip settings, follow these steps:

Step 1

Click on "Pip Settings".

Step 2

1. By default, there are pre-set pip calculations available.

2. You can assign symbols to the different pip calculation methods:

   • Click "Edit" icon.

     
   • Select the trading symbols.

   • Click "Save".

     

Step 3

1. If you have a different pip calculation method that is not already provided, you can click on "Add Calculate Method".

   
2. Fill in the required details:

   • Fill in "Rule Name".

   • Specify the "Pip Calculation Method" according to your desired calculation logic.

   • Assign the trading symbols that should follow this new rule by selecting them from the available options.

   • Click "Save".

     

3. Application of Flexible Commission Scheme

1. Once you have configured the parameters for the flexible commission scheme, you will need to assign them to the respective clients.

2. 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.

   
3. 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.

   
4. 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.

5. 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.

   
6. 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.