FXOpen launches Forex Cashback Program

FXOpen broker is happy to announce the launch of Forex Cashback Program. It allows traders to receive an additional refund for any kind of trades. It’s easy to get cashback: it’s added automatically to your Commission account with no further actions. The cashback amount is determined in accordance with the total margin used on all client’s trading accounts.

You can benefit from the Cashback Program during the first 90 days from the moment of registration in FXOpen. The minimum cashback is $5, the maximum is $1,000. The maximum cashback per trade is $100.

How to calculate Cashback?

The Standard commission (a percentage of the FXOpen commission) equals 2.4 pips (5-decimal pricing) per trade in an STP account and 15% of the commission for ECN and Crypto accounts.

The table below shows coefficients for cashback calculation. The right column of the table illustrates the cashback calculation of the Standard Commission of $15.

An example of Cashback calculation can be found here.

The advantages of FXOpen Cashback Program

• Cashback amount can reach up to 150% of Standard commission per trade. It is one of the highest refunds among Forex brokers.
• Cashback is fully automated. The funds are credited to the client’s Commission account. They can be withdrawn or used for trading right after crediting.
• The program is activated automatically at the time of registration with no additional requests. It is valid throughout the 90 days.

To get more information on FXOpen Cashback Program, please visit our Knowledge base.

Source: FXOpen news.