1. Introduction
1.1 These guidelines outline the operational framework for the “Real Money Cashback” loyalty program offered by AMarkets (hereafter referred to as the Company).
1.2 The provisions outlined herein are applicable to all participants of the loyalty program. By joining the “Real Money Cashback” loyalty program, clients implicitly agree to abide by these guidelines.
1.3 Within the “Real Money Cashback” loyalty program, clients are entitled to receive compensation for a portion of the commission, spread or swap paid as a result of their trading transactions, as specified in the Regulatory documents.
1.4 The amount of compensation for the commission, spread or swap paid is determined at the sole discretion of the Company.
1.5 The Company reserves the right to amend or supplement these guidelines at any time unilaterally. Every effort will be made to communicate such changes to clients through all available channels of communication.
1.6. Furthermore, the Company retains the authority to modify these guidelines either individually for each client or collectively for specific client groups, at its own discretion.
1.7 The Company reserves the right to disqualify the Client from the “Real Money Cashback” loyalty program and withhold further payments without explanation if there is reason to believe that the Client is exploiting the program’s terms.
2. General Terms and Conditions
2.1 The “Real Money Cashback” loyalty program allows the Client to receive a portion of the commission, spread or swap paid on closed trades over a specified period.
Real Money – the cashback is paid out in actual currency (USD, EUR, etc.), not in bonus credits or points.
Cashback – refers to a rebate or refund of a percentage of the fees paid on closed transactions, such as commissions, spreads, or swaps.
2.2 Payments are made weekly on Tuesdays. The transaction type will be designated as “Compensation” with the comment “Loyalty Spread,” “Loyalty Commission,” or “Loyalty Swap.” You can review the accrual details in the transaction history in your Personal Area or in the account history on the MetaTrader 4.5 trading platforms.
2.3 The option to compensate for commission or spread is automatically connected to all Gold accounts of the Client and remains valid as long as the Gold status is active.
2.4 Cashback is paid to ECN accounts in real money for commission and swaps paid by the Client when performing trading transactions. For Standard, Fixed, and Crypto accounts, cashback is paid in real money for the spread and swaps, paid by the Client in the course of trading.
2.5 Cashback on commission paid is calculated as the total commission paid on all closed transactions for the reporting period multiplied by the cashback rate.
2.6 Cashback on swaps paid is calculated as the total swap paid on all closed transactions for the reporting period multiplied by the cashback rate. Cashback on swaps is not paid on indices, commodities, and bonds. Cashback on swaps is granted only if the total swaps on closed transactions for the reporting period are negative.
If a transaction was both opened and closed during the reporting period, the entire swap is considered in the cashback calculation.
If the transaction was opened before and closed during the reporting period, the partial swap is taken into account and is calculated using the formula: “Swap per transaction * 7 / Number of days the transaction was open.”
2.7 Cashback on the spread paid is calculated as the total spread paid on all closed transactions for the reporting period multiplied by the cashback rate. The spread paid is calculated according to the Company’s internal formula.
3. Calculation Examples
3.1 As part of the “Real Money Cashback” loyalty program for clients with Gold status, the following rates are set for compensation of trading fees on closed transactions for the period:
- 10% of the commission
- 5% of the spread
- 20% of the swap
Example 1: A client with Gold status trades on an ECN account. The client made a certain trading turnover and paid a commission on closed transactions for the week in the amount of $3,000 and a zero swap. Therefore, next Tuesday the client will receive cashback in real funds in the amount of $3,000 * 10% + $0 * 20%= $300.
Example 2: A client with Gold status trades on a Standard account. The client generated a certain trading turnover and paid a spread on closed transactions in the amount of $2,000, and swaps paid on closed transactions amounted to -$200. Thus, next Tuesday the client will receive cashback in real funds to their account $2000 * 5% + $200 * 20% = in the amount of $140.
Example 3: A client with Gold status trades on a Standard account. The client made a certain trading turnover and paid a spread on closed transactions in the amount of $4,000, while the swap on closed transactions amounted to $500. Thus, next Tuesday the client will receive the following cashback in real funds to their account: $4,000 * 5% = $200. There will be no payment for the swap because it is positive.