Cashback is compensation for unsuccessful trades of the previous week. It’s credited automatically every Monday to your real account balance.
The percentage of the cashback depends on your status.
- For Gold status traders – 5% are compensated.
- For VIP status traders – 10% are compensated.
How to calculate the cashback?
This formula calculates cashback:
The total amount of deposits during the week minus the total amount of withdrawals during the week minus the account balance on Sunday multiplied by 5% or 10%.
Example. On Monday, a trader replenished their account with $400. On Wednesday, they withdrew $100. On Sunday, there was $50 left in the account balance. $400 - $100 - $50 = a cashback will apply to $250. $250 x 10% = $25 will be credited to the VIP trader’s account. $100 x 5% = $12,5 will be credited to the Gold trader’s account.