All instruments available for trade on a Standard account go by the suffix ‘m’. For example, EURUSDm, XAUUSDm.
If a client is trading on instruments with the suffix ‘m’, the reward calculation will be based on the opening spread of the trade.
Instrument groups available for trade
The groups of instruments available for trade, in Standard accounts, are:
- Forex currency pairs including metals
Reward = Commission size x Opening spread in pips x Pip Value
Let’s say your commission size is 33%.
A client registered under your partner link traded 1 lot EURUSDm and its opening prices were Bid 1.11980 and Ask 1.12000.
Opening spread (in pips) = (Ask Price - Bid Price) / Pip Size
= (1.12000 - 1.11980) / 0.0001
= 2 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 10 USD.
Therefore, Reward = 0.33 x 2 x USD 10 = USD 6.6
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.