Rule Settings
Last updated
Last updated
Under Rule Settings, you have the ability to configure commission schemes for your IBs. You can easily switch between the two commission scheme options, Fixed or Flexible, using the side menu.
Fixed commission settings refer to a commission scheme where a predetermined and fixed commission rebate is paid to your IBs based on the configured settings.
On the other hand, flexible commission settings allow for customization of commission schemes to cater to the specific needs and requirements of individual IBs and referrals.
To facilitate the payout of IB commission rebates to your IBs and referrals, you will need to activate the real-time rebate feature.
To enable or disable commission payouts, simply click onto the "On/Off" button. By clicking this button, you can toggle the commission payout functionality according to your needs.
For transparency and auditing purposes, a comprehensive history log is available by clicking the "History" button.
This log provides information on when real-time rebates were activated or deactivated, including the timestamp, action taken, and the user responsible for the action.
Under Calculation Settings, you have the ability to define the time interval between the opening and closing of trades. This interval determines the duration for which a trade must be held in order for the commission payout to be considered valid.
If you wish to discourage or limit scalping activities, you can adjust the time interval to a longer duration. By doing so, commission payouts will only be applied to trades that are held for a period of time.
To setup the interval, follow these steps:
Click "Calculation Settings".
Key in the time interval in seconds.
Click "Confirm".
You have the flexibility to choose the destination for commission rebates. You can opt to have commissions rebated directly into your IBs' trading accounts or into their CRM wallets.
To setup the rebate method, follow these steps:
Click onto the "Settings" icon.
Select "Rebate to wallet" or "Rebate to trading account".
Click "Confirm".
You have the ability to hide zero commission data on your CRM. This is designed to optimize the process of referral commission payouts, ensuring efficiency and accuracy for all recipients. By concealing data with a 0-commission amount, the system focuses on relevant information, streamlining the payout process and contributing to an overall more efficient operation.
This function is only available for Flexible Commissions.
By default, this function is disabled, and you will be able to see $0 commission records on the Flexible Commission Report.
To enable this function, follow these steps:
Navigate to Settings > Commission > Flexible Rule Setting.
Click "Disable" button beside "Include Zero Commission Records".
A notice will appear. Click "Confirm" to proceed.
The Flexible Commission Report will no longer record orders with commission payout amount of $0.
