All instruments available for trade on a Pro account have no suffix. For example, EURUSD, GBPUSD.
If a client is trading on instruments with no suffix, the reward calculation starts at 17% of the opening spread and increases up to 25% based on the partner level.
Instrument groups available for trade
The groups of instruments available for trade, in Pro accounts, are:
- Forex currency pairs including metals
Let us assume you are an Advanced partner.
Reward = 17% x Opening spread in pips x Pip Value
A client registered under your partner link traded 1 lot EURUSD and its opening prices were Bid 1.11985 and Ask 1.12010.
Opening spread (in pips) = (Ask Price - Bid Price) / Pip Size
= (1.12010 - 1.11985) / 0.0001
= 2.5 pips
To find the pip value for a particular order, use our Trader’s calculator. According to the calculator, the pip value for this order is USD 10.
Therefore, Reward = 0.17 x 2.5 x USD 10 = USD 4.25
This would be the amount you’d get as a partner from this particular order.
The partner reward is subject to a bonus coefficient where applicable. To know more about this, click here.