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Terms and conditions of the referral Partnership program

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» Terms and conditions of the referral Partnership program

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Terms and conditions of the referral Partnership program


1. Partner's remuneration
Any FXOpen client can expand revenues with the FXOpen referral partnership program. Commission will be added to your account from each closed trade of your referral.

  • You earn 1 pip from a trade made by your referral in a Standard and Micro account or 15% of FXOpen ECN commission for a trade performed in an ECN account.
  • Commission will be added to your account if your referral closes a trade with the profit/loss of 4 pips minimum.
  • The commission is paid to your account each day automatically.

Standard and Micro accounts
ECN accounts
Standard Commission 1 pip per trade 15% of FXOpen ECN commission
Commission restrictions
Max order commission 100 USD 100 USD
Max day commission 1000 USD 1000 USD
Max commission per trade interval 10000 USD 10000 USD
Commission Multipliers (Depend on Trading Volumes)
less than 500 mio 1 pip (Standard commission) 15% of FXOpen ECN commission (Standard commission)
from 500 to 1000 mio 1,05 pips 20% of FXOpen ECN commission
from 1000 to 3000 mio 1,1 pips 25% of FXOpen ECN commission
from 3000 to 5000 mio 1,25 pips 40% of FXOpen ECN commission
more than 5000 mio 1,35 pips 50%
Commission levels
Level 1 Agent 100% 100%
Level 2 Agent 25% 25%
Level 3 Agent 10% 10%

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2. Commission limits
  • Max order commission is USD 100.00 . An agent can gain 100 USD max from one trade of a client, no matter how high the volume of the order is.
  • Max day commission is USD 1000.00. This is the maximum commission an agent can receive from one referral per day.
  • Max commission sum is USD 10000.00. This is the maximum amount an agent can get from a client for the whole trading period. The amount includes commissions from all accounts of a client.

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3. Commission Multipliers
From now on if a total trading volume of all of your clients for the previous month exceeds a certain amount the commision you will receive the next month will be increased. See the table below.

Month trading volume (*millions)
Commission increase for Standard and Micro accounts
Commission for ECN accounts
less than 500 mio
1 pip
15%
from 500 to 1000 mio
1 pip + 5%
20%
from 1000 to 3000 mio
1 pip + 10%
25%
from 3000 to 5000 mio
1 pip + 25%
40%
more than 5000 mio
1 pip + 35%
50%

* 1 million equals 10 lots (each lot being 100 000 base currency)

For instance, if the total trading volume of all of your referred clients for the previous month made up 510 mio, the following month you will get 20% commission from ECN accounts of your clients (i.e. 5% higher than the standard 15%), and 1 pip + 5% from Standard and Micro accounts of your clients.

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4. Commission levels
Suppose you brought in three clients via your referral link (Level 1 or direct referrals). One of the three also referred three clients (your 2nd level referrals or “downline”) and one of the latter three attracted three more (your 3rd level referrals or “downline”). In this case you become a Level 3 Agent for the three clients attracted last. See the figure below.



You will receive additional commission from each trader attracted by your clients. The commission is distributed the way shown in the figure below.



  • Level 1 Agent receives full commission for the trade performed by the Client, i.e. 100%.
  • Level 2 Agent receives 25% of the full commission for the same trade.
  • Level 3 Agent receives 10% of the full commission for the trade.

Example 1. If the Client closes a trade, Level 1 Agent receives full (100%) commission, Level 2 Agent gets 25% of the full commission, and Level 3 Agent gets 10%.


Example 2. If the Level 1 Agent closes a position, Level 2 Agent receives full (100%) commission and Level 3 Agent gets 25% of the commission.


Thus if your clients attract traders via their referral link, you will take an advantage of gaining additional commission from trades performed by their clients.

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5. Referral Program Commissions for PAMM accounts


If your client becomes a Manager or Investor of a PAMM account you will receive (depending on your client's account type):

1 pip from every closed trade (PAMM Standard account);
Or
15% of ECN commission (PAMM ECN account).

For detailed information see Partner's remuneration.

Also you get commission from trades performed by the Manager of that PAMM account. In this case the commission amount depends on your client`s share in the PAMM account.

Example for PAMM ECN account:
Agent 1 referred the Investor 1
Agent 2 referred the Manager



The Investor 1 invested $25,000, i.e. 50% of the total capital of the PAMM ECN account;
The Manager invested $10,000 which is 20%.

To calculate the commission rate for the Agent we have to divide the client`s share by the total capital of the PAMM account.



The amount of the commission is calculated as follows:


(15 % of FXopen ECN commission) * Commission rate


ECN commission of the performed trade is USD 4.65.

According to that,


To view all the commissions transferred to the Agent's account is possible via Partnership → Commission in FXOpen personal area.

A commission is transferred to the Agent's account automatically each day.

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