Cash Rebates

1. How do I qualify for cash rebates?

Trade at least the minimum monthly volumes for the asset class or classes of your choice – Indices, FX and Shares. The more you trade the greater the rebate.

2. What is the minimum monthly volume and how is it calculated?

The minimum monthly volume required is different across the asset classes. Each asset class has a minimum required volume and is calculated individually (FX, Indices, Shares). Volume traded calculation do not accumulate across asset classes

Example: If you trade Indices and FX. In order to qualify for rebates, you need to trade at least 1m in Indices and min 2m on FX in order to get rebates for both asset classes.

Both Open and Closed trades are applied when calculating the total trading volume rebate qualification.

3. How are rebates calculated?

Rebates are calculated according to the monthly volume you trade per million, on Indices, FX and Shares.
Example calculation:
Trade $50.5m in trading volume on Indices
The rebate you receive is $454.5

50 x $9 for each full million of monthly trading volume and 0.5 x $9 for the remaining half million of monthly trading volume as we make pro-rata payments for any partial millions of monthly trading volume.

Shares  Volume (US $)  Rebate per million (US $)
 Tier 1
 1,000,000-1,999,999
 $45
 Tier 2
 2,000,000-4,999,999
 $55
 Tier 3
 5,000,000 +
 $85

FX**  Volume (US $)  Rebate per million (US $)
 Tier 1
 2,000,000-4,999,999
 $4.5
 Tier 2
 5,000,000-9,999,999
 $6
 Tier 3
 10,000,000 +
 $8.5

Indices  Volume (US $)  Rebate per million (US $)
 Tier 1
 1,000,000-1,999,999
 $4
 Tier 2
 2,000,000-4,999,999
 $6
 Tier 3
 5,000,000 +
 $9

**FX rebates include all Forex and Cryptocurrencies available in our platform.

4. When are Rebates deposited into my trading account?

Rebates are credited during the first week of the following calendar month. Your account must be open, and not subject to any dispute, on the date the trading rebate becomes payable.

5. In what currency are Rebates credited?

For accounts based in non-USD currency, we convert the rebate amount to the currency of that account e.g. for SGD-based accounts, the credited rebate is in SGD. The conversion rate used will be that at the time of calculation and crediting.

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Important Notice:

Cryptocurrencies are not legal tender currency and trading of derivatives on Cryptocurrencies are currently not covered under any regulatory regime in Singapore. Consequently, investors should be aware they do not have protection under the Securities and Futures Act (Cap. 289). Please ensure that you are fully aware of the risks.