<Own_money> = <Balance> - <Extra_money>
Own_money - the client's own funds.
Balance - the funds on the client's account.
Extra_money - the sum of the extra funds received within the frameworks of promotions.
|The VIP program level||The amount of the client's own funds on all trading accounts|
|Silver||from 3,000 to 30,000 USD|
|Gold||from 30,000 to 100,000 USD|
|Platinum||more than 100,000 USD|
|The VIP program level||Additional Cashback (Rebates)||Increase in percents on account balance|
Day one. The client’s trading volume is between 10 and 1,000 lots. The client receives 10 USD of Cashback (Rebates), their program level at that moment is Silver, which implies additional 20%. The final amount to be received is 12 USD.
Day two. The client receives another 10 USD of Cashback (Rebates), but at that moment the program level was Gold, which implies additional 30%. Cashback for the current day is 13 USD. Cashback for the previous day is not recalculated and is equal to 12 USD.
Day three. The client’s trading volume exceeds 1,000 lots, now Cashback is doubled (10% of spread instead of 5%), and amounts of Cashback for previous days are recalculated. As a 4 VIP CLIENT result, the client receives 20USD+20%=24USD for the first day, 20USD+30%=26USD for the second day.
The exact amount of additional percents on account balance to be received by the client is calculated according to the following formula:
<Daily_IR> = <Client's_funds> × (<Rate_Ir> / 100 / 365) × (1 + 1 × X%)
where X% parameter depends only on the client’s VIP program level on the day when the percents are calculated. This parameter remains unchanged for each certain day regardless the client’s VIP program level on the day when the monthly amount of percents is calculated. If the client’s trading volume increases to the next level, Rate_IR will be changed and previous days will be recalculated according to the new rate, but X% parameter for those days will remain intact.
An example for Cashback (Rebates)
An example for % on account balance