Forex.ee announces the launch of Cashback Program
Forex.ee is happy to present Cashback Program enabling traders to receive additional reimbursements for any performed trades, no matter if they are profitable or not. You don't have to take any additional actions to get cashback: it is credited automatically to your Commission account. The amount of cashback depends on the total margin used on the client's trading accounts.
Cashback Program is valid in the first 90 days from the moment of registration in Forex.ee. The minimum cashback is $5, the maximum is $1000. The maximum cashback per trade is $100.
How is Cashback calculated?
Standard commission is a percentage of the Forex.ee commission. It equals 2.4 pips (5-decimal pricing) per trade in an STP account and 15% of the commission for ECN and Crypto accounts.
You can see coefficients for cashback calculation in the table below. The right part of the table shows an example of calculation the cashback for ECN-account with trading commission of 100$ in 3 months.
| Used margin range | Cashback coefficient (% for standard IB commission) | Example for ECN-account with 100$ trading commission payed in 3 months |
|---|---|---|
| less 5.000 USD | 150% | 22.50 USD |
| 5.000 – 15.000 USD | 105% | 15.75 USD |
| 15.000 – 50.000 USD | 70% | 10.75 USD |
| 50.000 – 130.000 USD | 45% | 6.75 USD |
| 130.000 – 400.000 USD | 25% | 3.75 USD |
| 400.000 – 1.050.000 USD | 10% | 1.50 USD |
| 1.050.000 – 2.500.000 USD | 0% | - |
| 2.500.000 – 5.000.000 USD | 0% | - |
| Over 5.000.000 USD | 0% | - |
Example of cashback calculation
The total ECN Commission paid from all trader's accounts over the past 90 days is $100.00. The Standard Commission is 15% of ECN Commission.
Standard Commission: $100.00 * 0.15 = $15.00
The total margin used on all trader's accounts in the last 90 days is $4500.
Used Margin: $4500.
We have: the Standard Commission is $15.00, the total Used Margin is $4500, which is in the range of up to $5000. Cashback coefficient in this range is 1.5 (150%). We get: $15.00 * 1.5 = $22.50.
The client gets a cashback in the amount of $22.50 for trades executed in the last 90 days.
The benefits of Forex.ee Cashback service
- Cashback is up to 150% of Standard commission per trade. It is one of the highest reimbursements among brokers.
- The process of Cashback is fully automated. Monetary amounts are credited to the Commission account and can be withdrawn or used for trading right after crediting.
- No program activation or additional requests are required. It is automatically activated at the moment of client registration and is valid throughout the 90 days.
To get more details on Forex.ee Cashback Program, please visit Forex.ee FAQ section.
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