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 clients with GOLD status. 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 in the MetaTrader 4/5 trading platforms.
2.3 The amount of the paid portion of the commission, spread, and swap depends on the Client’s GOLD status level. There are a total of five GOLD status levels, with the corresponding compensation amounts specified in Section 3 of these guidelines.
2.4 Upon obtaining GOLD status, the Client is automatically assigned Level 1 and receives the applicable compensation. The level increases every seven (7) calendar days from the date of obtaining GOLD status, provided that the Client does not withdraw funds from their trading accounts with the Company.
2.5 If the Client withdraws funds from their trading account, their status is automatically reset to Level 1 of the GOLD program. For example, if a Client with Level 4 GOLD status withdraws funds on Tuesday (the payout day), the Client’s status will be downgraded to Level 1, and cashback will be calculated based on Level 1 rates.
2.6 If the Client loses and subsequently regains GOLD status, they will be reassigned to Level 1, regardless of their previous level before losing GOLD status.
2.7 Real Money Cashback is automatically applied to all accounts of a Client with GOLD status and remains valid for as long as the status is active. If the Client’s GOLD status expires before the payout date, cashback will not be credited for trading transactions completed during the previous week.
2.8 Cashback is paid to ECN and Zero accounts in real money for commission and swaps paid by the Client when performing trading transactions. For Standard accounts, cashback is paid in real money for the spread and swaps, paid by the Client in the course of trading.
2.9 Cashback on commission paid is calculated as the total commission paid on all closed transactions for the reporting period multiplied by the cashback rate.
2.10 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, and commodities. 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.
2.11 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:
Example 1: A client with Level 3 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 * 8% + $0 * 8%= $240.
Example 2: A client with Level 5 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 $6,000, and swaps paid on closed transactions amounted to -$500. Thus, next Tuesday the client will receive cashback in real funds to their account $6,000 * 20% + $500 * 32% = in the amount of $1,360.
Example 3: A client with Level 1 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 * 1,25% = $50. There will be no payment for the swap because it is positive.
